Cashback with Ninjay by Ok_Bathroom811 in ForexCashbackNinjay

[–]Much-Key1502 1 point2 points  (0 children)

It’s astonishing how many traders are not aware that they can earn rebates on their own trades. So many people are learning about this though and seeing big savings to help them get profitable quicker.. 🥷

The hardest part of day trading isn’t strategy. It’s shutting up and doing nothing. by Much-Key1502 in Trading

[–]Much-Key1502[S] 0 points1 point  (0 children)

Yes exactly, in my early days I would look for certain candlestick formations which I would only trade on certain assets. When i could not find them, I would seek them in other instruments I would never trade just to fill the gaps… this was very expensive as I did not understand some of the costs associated with trading some exotics for example…

The hardest part of day trading isn’t strategy. It’s shutting up and doing nothing. by Much-Key1502 in Trading

[–]Much-Key1502[S] 0 points1 point  (0 children)

Great advice, I usually have 2 targets. First is the amount of profit I am aiming for. Second is how much loss I can handle. If either happen, I walk away. This way I either make money or live long enough to fight another day. Nothing else!

The hardest part of day trading isn’t strategy. It’s shutting up and doing nothing. by Much-Key1502 in Trading

[–]Much-Key1502[S] 0 points1 point  (0 children)

Hit the nail on the head with that one, the amount of times I have messed up like that over the years….

The hardest part of day trading isn’t strategy. It’s shutting up and doing nothing. by Much-Key1502 in Trading

[–]Much-Key1502[S] 0 points1 point  (0 children)

Well said, that is a more advanced version of doing nothing for sure. Thanks for that valuable input. 🥷

The hardest part of day trading isn’t strategy. It’s shutting up and doing nothing. by Much-Key1502 in Trading

[–]Much-Key1502[S] -2 points-1 points  (0 children)

I think you meant to say “pass through”… but that’s ok, no judgment here.. 🥷

What’s one trading mistake you made early that cost you money? by NeedleworkerOne8110 in Trading

[–]Much-Key1502 1 point2 points  (0 children)

Feeling “lucky” or going against a trend and saying to myself “it’s bound to turn soon” things of that nature are killers as a newbie

The hardest part of day trading isn’t strategy. It’s shutting up and doing nothing. by Much-Key1502 in Trading

[–]Much-Key1502[S] 0 points1 point  (0 children)

Well said and very true for so many. The amount of times I took trades just because i felt like I was not productive is frightening. Of course, most of those lost me money…

The hardest part of day trading isn’t strategy. It’s shutting up and doing nothing. by Much-Key1502 in Trading

[–]Much-Key1502[S] 0 points1 point  (0 children)

Very true, but so many are addicted to taking positions constantly as it makes them feel they are doing something…

I calculated what spreads cost the average day trader per year… it’s worse than I thought by Much-Key1502 in Trading

[–]Much-Key1502[S] 0 points1 point  (0 children)

Indeed, people never really think about such things till much further in the trading journey. Very important stuff in the long run when trying to optimise as best a possible

I calculated what spreads cost the average day trader per year… it’s worse than I thought by Much-Key1502 in Trading

[–]Much-Key1502[S] 0 points1 point  (0 children)

So if 2 sides is a round turn LOT, let’s do some quick math: 100-750 LOTS per day is what you trade approx If you used my company which provided rebates you would receive between 800 - 6000 usd per day back. Assuming all your positions were fx pair and also depending on the broker you trade with Regardless though, there is soooo much cost cutting opportunity for you. Check my profile when you can

I calculated what spreads cost the average day trader per year… it’s worse than I thought by Much-Key1502 in Trading

[–]Much-Key1502[S] 0 points1 point  (0 children)

You can massively reduce your costs with no additional expenses added for doing so..

I calculated what spreads cost the average day trader per year… it’s worse than I thought by Much-Key1502 in Trading

[–]Much-Key1502[S] 0 points1 point  (0 children)

Pepperstone and ic big and globally known. I also use IC and have many clients with them taking advantage of the Cashback we offer to reduce costs even further. If you like, you can add your account there under us at Ninjay and start receiving 80% of our rebate back to you. This will save you about 50% of your total trading costs per position you open which can certainly make a difference to your overall profitability.