Posted by: positive carry April 21, 2009
Free info on how to trade stocks and forex
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Wheel,


Are you going to post a screen shot of your trades liked I did on page 3. You still haven't answered my earlier concerns and questions.


Do you think you are the only Nepali that does this? Do a search for eminitrader or Samsara.....they used to post their P&L. Forex traders are usually the least sophiscated traders, they are undercapitalized and are in it for the leverage. Who do you trade forex with? Don't tell me it's Oanda or FXCM or one of those bucket shops. I'm going to puke. Can we call you at 5 tomorrow to know the direction of the market.


If you want to be legit, you need to post the entry price, stop-loss and profit target and/or time and it has to be based on something else besides your gut feeling.


I believe that you suck at trading so you are trying to give classes for the money.


 


Here is my earlier post.



Wheel,



For some reason I find it hard to believe you. I do not think that you are a succesful trader for the following reasons.



1. You decided to stay with C when it is down big today. Any successful trader knows that the first rule of trading is "cut your losses short".



2. I watched your video on currencies and you mentioned fibs. I don't think I have met any consistently successful trader that trades based on fib retractment or commonly found technical indicators.



3. It seems that you are trying to teach people how to trade. If you have been so successful why teach others when it is going to take time away frm your trading.



4. You said that you have been trading for 26 years that means you started in 1983. The average life of a trader is 10 years and anyone who has survived the first 10 years is filthy rich now. There is no need to give classes to make money. Instead you should be enjoying all the money that you made so far.



I could be completly wrong and maybe you are a Nepali Soros but please prove me wrong by posting some of your trades, preferable Citi that you mentioned you bought at 1,2 and 3. I am a small time trader, my roommate's brother taught me how to trade and he used to trade for a hedge fund.



Please post your transaction history and I'll believe you. You should not have a problem since you are trading your own account. I am posting mine.



 



 



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