Traders (stock, forex, etc)

[nubcake]

Any traders in amongst the crowd? Doing well? I'm particularly curious about any insights from true daytraders / scalpers.

I'm on and off studying forex 1min charts in an attempt to find an edge. possibly is none to be found, but if one doesn't look one won't find.

i don't actually expect any replies, at least not from anyone who has done any trading, but again if one doesn't look one won't find.

* note : it's EXTREMELY important that if anyone DOES trade, that they do NOT post any specifics on a buy / sell they may see setting-up. some countries harsh on such practices, such as here. it's just easier to avoid the troubles altogether.

[nimblelight]

I doubled my money on a virtual online stock exchange.

[nubcake]

problem with that is that with enough luck a person can leverage the hell out of a demo account and fluke some wins for virtual astronomical gains. same person would never do that with real $, unless crazy and wanting to blow up an account. that's simply gambling.

if you had a strategy that you used that worked, then why haven't you gone from virtual to real? or were you gambling?

[nimblelight]

It took me half a year to do it, and my gains were pretty steady, so it certainly didn't feel like gambling.

[nubcake]

so why not put down some real green and make real money? either you lucked-out big-time, or you have some skills to exploit. sounds like you may have some skills. it's like having your own money printing machine and not using it!

[GizmoDuck]

I'm not a trader, but I did open a CMC account just to throw in some play money and see what the fuss was about.

As for specifics, I put in a couple of K, leveraged it up 30x, and went long on the Aussie200 index, and then threw it under a pillow. So far so good

That's why I only use play money :p

[nubcake]

hope you have/had a stoploss! sounds like you are a bit of a gambler instead of a trader. if ya lucky enough then so be it :)

only gambling i can afford is blackjack on my ipod (i.e. not real). i use martingale as part of my strategy, but doing that irl would be impossible. hell, even going SLIGHTLY more aggressive in my tactics wiped me out in about 6 bad hands, and that was after inching my way up from $200 to well over a couple of grand. normally i would have survived but i pushed just that bit too much and knew it. glad it's just a game.

so far we have me (whatever i am), one potential trader, and a gambler. i guess looking for traders amongst unicyclers is a big ask :)

[GizmoDuck]

hope you have/had a stoploss! sounds like you are a bit of a gambler instead of a trader. if ya lucky enough then so be it :)


Like I said...it's play money. Our investment account is run by our company.

And if I do make anything on it, I very much hope it's considered gambling. I'm sure you've seen what the Australian Tax Office says about CFD's.

[johnfoss]

We have mutual funds, spread around with "balanced" proportions of this and that. It's all gambling because it involves the stock markets. This year involved a hill bigger than the one on Millenium Force (http://www.cedarpoint.com/public/park/rides/coasters/millennium_force/index.cfm). I just hope we go back up, and maybe hit some air-time hills soon. :)