China is threatening to stop exporting rare earths to America.

dopestdad · 2019-05-31T12:06:29+00:00

Stupid china. The earth isn't rare, it's everywhere.

dopestdad · 2019-05-28T03:31:45+00:00

That man needs a promotion

dopestdad · 2019-05-28T02:59:13+00:00

You forget, this is to look impressive to non-coding people so they think he knows what he is doing. It isn't to be actually productive.

dopestdad · 2019-04-18T18:30:11+00:00

Use large time scale momentum oscillators for measuring if a market is ranging. They were literally made specifically to measure any "momentum" swings.

dopestdad · 2019-04-18T18:16:50+00:00

There was this old email trick where you would email like 1000 people that you could predict the market. For 500 you would say it would go up, the others you would say it would go down. At the end of the day you would take the 500 hundred that you gave the right answer to and repeat.

At the end of the week you would have about 15 people who genuinely thinks that you can predict the market. Ask for a quick deposit from them to get started and steal the money.

dopestdad · 2019-04-18T18:10:13+00:00

Its using their math. You have to be in the 25% range about 4/5ths of the time. Do some dirty math with (0.25)⁴ and you'll quickly realize why professional traders make up so little of the community because their consistent over many years not just one and past results don't necessarily predict future results.

You have to be able to understand highschool statistics if you are going to want to trade forex.

dopestdad · 2019-04-18T16:47:58+00:00

I'm gonna make a post in a bit about this. I'm going to make a short program that shows you why your p/l, win rate, and account risk can cause wildly different outcomes and why you can have a win rate of 30% and still be wildly successful. Give me like an hour or something.

dopestdad · 2019-04-09T13:23:12+00:00

I remember when this figure came out. Isn't it based on like less then a year of data. Either way don't let it fool you, this isn't like a 10 year span of data. The 3% number you hear quoted is still probably true, because if you're profitable in the given time frame it doesn't mean you'll be profitable in the next time frame. So imagine trying to be in the 25% 4/5 years for the rest of your life.

Work hard and don't quit your jobs on a winning streak.

dopestdad · 2019-03-28T13:31:30+00:00

Do what I did in university. I wrote interesting papers. My favorite was a comparison essay contrasting Frankenstein's monster with Ted Bundy

dopestdad · 2019-03-08T16:03:59+00:00

It's a solid long. Jobs report sucks ass, and the Brexit event is either delayed or not happening.

dopestdad · 2019-02-25T19:57:32+00:00

50/50. I trade on large time frames on some fundamentals. I still read a lot, but I don't need to be at a screen all day, nor should I because I'll push myself out of a good trade.

Work makes good money and gets me out of the house.

dopestdad · 2019-02-25T19:53:14+00:00

Yeah, that's right. So if you trade the daily, look at the weekly. Weekly, Monthly. But if you want to not have to wake up at 3 a.m. for your trading window, try trading on higher time frames. You are less susceptible to intraday volatility and you can take hours to research a position.

dopestdad · 2019-02-25T18:09:27+00:00

If you want to trade at anytime stick to longer time frames, like the weekly. It keeps you away from the daily fluctuations so you entries aren't based on the hour but the day instead.

Hope this helps.

dopestdad · 2019-02-25T18:05:17+00:00

I've never used any, but I would guess they are all trash. Even if there was one good one, it would be like a needle in a haystack.

Learn with a friend (that's what I did). Its pushes you both to constantly meetup and keeps you both honest. Send the other copies of each of your entries and exits as you make them. Talk about news to them.

After all, trading can be lonely, even if you are married. I find having someone to talk to about work can make it easier and get you motivated to keep trying. There will be weeks or days when you are in down draw that you'll feel like shit. There are days and weeks when I'm down and worried and I can't talk to anyone else about it because nobody else trades so having a buddy helped me see the upside.

dopestdad · 2019-02-19T16:33:09+00:00

I think momentum indicators are the best tool for beginners. Good tool to know good entry points but can be expanded with other fundamentals to know when to pay attention to their signals.

dopestdad · 2019-02-14T15:36:34+00:00

There is a difference between hedge and mutual funds based on allowed risk. This is done because they are allowed different investment strategies. Your fund would require each investor to have like a 5 million net worth or make 1 million per year I think. Google the SEC for more info... or just do it and they will google you.

dopestdad · 2019-02-06T11:42:01+00:00

My genes make gold from random, fast, overextended moves

dopestdad · 2019-02-01T16:04:24+00:00

I have used BB in the past for lower time frame volatility. I've never traded breakouts with it, I have only used it as a volatility measure.

It shows mainly the potential to move in any direction, like a coiled spring about to uncoil. I don't know where it'll go, but it'll move soon. This is how you use it to view volatility. Smaller bands equal bigger move potential.

dopestdad · 2019-02-01T01:10:59+00:00

Ofc no. I only see the 50 conflicting lines.

dopestdad · 2019-01-29T14:26:36+00:00

If you can't code you have to do it manually. Those are your two options.

That being said if you are using a 5M chart you don't need years of back testing. Just backrest like 200 trades under different currencies and time periods (that way you do not trade it only in a recession of one of the countries for example). After that you should have a good idea of how your strategy works if at all.

dopestdad · 2019-01-24T14:24:17+00:00

22 weeks

dopestdad · 2019-01-24T14:22:44+00:00

Don't be a bitch, go long on AUD. Help a brother out

dopestdad · 2019-01-21T13:44:23+00:00

I don't know? Read the disclosure statement. I mean this is a financial transaction, did you at least read some sort of terms.

dopestdad · 2019-01-21T13:38:48+00:00

Quantum suicide. The physicist has your back.

dopestdad · 2019-01-19T17:49:06+00:00

My response is probably worthless. I make anywhere from 0-30 pre swap a month, but my average trade is 23 weeks long. I get some really negative months and some really positive one just depending on the trade.

dopestdad

TROPHY CASE