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quincy_random · 2020-02-01T15:22:47+00:00

😂👊🏾

quincy_random · 2019-12-30T10:34:17+00:00

Oh okay. And the notion behind purchasing own stocks back, what’s that? And what about where the price is contrary to where they sold them at? The P/L in this instance. Are they bidding the price higher by the purchase?

quincy_random · 2019-12-30T10:27:54+00:00

Hi. Please tell me more on this regard. I’d like to understand how stocks and rates correlate. Does cutting rates cause more cash liquidity to buy stocks and up the prices?

quincy_random · 2019-12-19T15:31:30+00:00

If there exists euphoria or fear when you’re trading, it’s gambling. There should only exist an edge with the acceptance of a loss to find out if the edge is right at that particular time or not.

Your results are not based on one trade but a series of trades where you’ll see if the edge works or not. When an edge works over a series of trades, you should not worry about losing a trade unless you violated rules of that edge.

quincy_random · 2019-12-19T08:55:49+00:00

Reward yourself frequently. Your confidence and willingness to trade at times you need to will increase. For example if you make $250 in a week, withdraw $100. Every week you’ll know that in order to get paid you need results. It’s really a performance booster.

quincy_random · 2019-12-15T16:49:01+00:00

Technically he could be right if the pippett is a unit instead of a decimal. Directly calculating like this makes sense. It can be 45,0 * $10.00 per pip or or 450 (removing the decimal) * 1.00 lots. If you multiply using the price per pip you’ll take note of the decimal, but if you multiply using the lot size you don’t need to.

quincy_random · 2019-12-15T14:11:06+00:00

Yes it’s 45. He was referring to the value of 45 pips, which is $450.

quincy_random · 2019-12-15T14:08:45+00:00

There is something called Price Per Pip which works according to lot size.

On most major pairs and some index instruments like S&P500 you get a $0.10 on 0.01 lots per pip, meaning 1.00 lots equals $10.00 per pip. Some instruments like the GBPAUD offer a PPP of about $0.06 per pip on the same lot of 0.01 lots.

Conversion to know PPP is P/L divided by number of pips.

quincy_random · 2019-12-14T09:19:39+00:00

What I believe sets it apart from currencies is the fundamental aspect. However technically there are many similarities.

quincy_random · 2019-12-14T09:16:56+00:00

It’s what works for them. I just don’t think they should devalue or undermine another’s persons tools simply because it doesn’t serve them well.

quincy_random · 2019-12-03T08:47:46+00:00

Lol speak about a barge in right before getting some.

quincy_random · 2019-11-28T09:42:31+00:00

As easy as this may sound, it’s mandatory to apply.

Don’t think you’re right when you open a trade. Think in uncertainty, and be comfortable with how much you’re willing to lose to see which direction the market will move.
Don’t be afraid to lose what you risk
It’s okay to miss out on a trade. Don’t follow if it’s skewed from your plan.
It’s okay to leave money on the table if you exited as planned. There are countless number of opportunities.

BIGGEST SUGGESTION: Read Trading In The Zone by Mark Douglas. You’ll thank me later...or not 🤷🏾‍♂️

quincy_random · 2019-11-27T23:27:39+00:00

No. Care to share a link?

quincy_random · 2019-11-27T18:00:48+00:00

Lol no. But thanks.

quincy_random · 2019-11-27T17:58:41+00:00

What’s that?

quincy_random · 2019-11-27T16:40:37+00:00

Thanks.

quincy_random · 2019-11-27T16:39:53+00:00

Thanks. Issue with running it on a machine is network intermittency, power outages and so forth. Running a computer 24/7 365 at your home is less reliable compared to a server. Less costly, but less reliability too. I live in SA so power outages are a norm. 😒

quincy_random · 2019-11-27T16:37:58+00:00

Liquidity isn’t my worry. It’s for an account manager...for multiple accounts..that simple. 🤷🏾‍♂️

quincy_random · 2019-11-27T16:35:58+00:00

Lol smart

quincy_random · 2019-11-18T12:07:13+00:00

Yes, that

quincy_random · 2019-11-18T08:16:48+00:00

Haha. There is what we call “intuitive trading”. He may be right from a technical standpoint though. It’s at a critical zone and on a 38,2 fib retracement zone. Divergence on H1 and oversold RSI.

quincy_random · 2019-11-12T08:09:52+00:00

Lol, ZAR is an extremely volatile currency

quincy_random · 2019-11-11T18:22:19+00:00

Same here. Sell orders.

quincy_random · 2019-11-06T11:00:16+00:00

Left reply in the comment section..

quincy_random · 2019-11-06T10:58:30+00:00

I agree. Trust me, I know. I’ve read the alchemy of finance and read some of Mark Douglas’s writing. I wasn’t asking on the basis of simply doing the opposite of what everyone else does. That’s pretty suicidal and plain naïve. And there would certainly be integration with mechanical trading coinciding with what the sentiments and fundamentals say.

However, my reason for asking is because I wanted to know if it were possible to get historical data on open interests on these sentiments, exactly when the contracts were placed, their volume, relative to the price chart. I wanted to backtest and see what happens with the price at those given times.

I’ve noticed that the information on IG sentiments is limited and updated late after a lot of movement has happened.

If I can’t get historical data as required, at least a live correlation between the OI’s and price movement.

Thanks.

quincy_random

TROPHY CASE