Posts by "daveo"

Sounds like you have learnt the first lesson which is how easy it is to lose money. For me trading has always been a serious business. I spent my working life starting and growing small companies--employing people, working my ass off--nothing came easy--just plain hard work. Retired at age 50 to start trading--- I have never had a problem with risk control from the very start. I intuitively knew the learning curve would be long and gruelling.I traded small size in my early years of development and I "invested" in legitimate educational services plus a very sizeable library of trading books. I regarded the first 5 years as if I were studying at uni.

Your questions are beyond the scope of this forum. All I can say is that if your trading "system" can't make money trading just one instrument at say 0.1 lot (forex) then it can't make money trading multiple open positions at higher risk. Think about that. You have to develop your "system" for minimal cost to you (or your father). Losses should be regarded as business expenses and kept to a minimum.

I often think the trading profession is harder than being a brain surgeon. Similar length of learning curves but a brain surgeon can quantify expectations for consistent returns once he is qualified. A trader cannot rely on anything tangible. The large majority of novice traders give up in their 3rd or 4th year of training, if they survive their first year.

For educational services (RT rooms etc) I suggest you research the futures arena because the forex arena is full of charlatans. There are plenty of charlatans in the futures educational industry but there are also a few legit services out there who could help you.

You can't expect AL or any straight signal service provider to educate you for $100 per month. They charge for providing their signals, take em or leave em--no guarantees. You are in need of 1 on 1 mentoring with assistance in developing your own personal trading systems. These are the cruel facts !

Mertyn, no I don't post elsewhere and I avoid making calls here. I try to stick with meaningful analysis when time permits and let traders form their own opinions & make their own decisions. My stuff is too complicated (and potentially subjective) for many traders. I have freebie mentored in the past small groups of 6 traders but at age 69 I have to cut back on screen time and commitments. I can only teach my methodologies with the aid of a real time trading platform providing audio and RT chart presentation. 2-way discussion is essential--typing everything is too slow. You might think about joining an RT trading room, typical monthly fees would be $300 recurring subscription.

I shan't interfere with your questions to AL but I think he sometimes issues hedging trades. With regard to COT data I despise it being 3 full days behind the curve--I never use it.

It takes a lot of time for traders to find what studies and methodologies suits them best. Its a long road to becoming fully independent but that should be your goal. There are many perfectly legitimate different ways of trading and you have to find what SUITS YOU.

rofl, well that's great, you will soon be able to understand Monsieur Georges and become our interpreter :-)

yeah, but what about beach talent skipper? Are u the best lookin beach bummer for servicing frustrated female brits? Seems to stick on my hard drive, that one--lol

I have no first hand experience of using a copier, or using a myfxbook for that matter. But I have read an awful lot of forum commentary on these subjects and VPS's. I was under the impression that users can indeed select whether to opt for ALL trades or be more selective, as well as setting their own risk parameters. From a vendor perspective there are many potential administrative advantages to offering a copier service, gl----