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The ugly truth about leverage, margin and our markets


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The ugly truth about leverage, margin and our markets

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  #31 (permalink)
Oslo, Norway
 
Experience: Advanced
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DarkPool View Post
What happens when an unstoppable object meets irresistible force? You might be humbled.

I'm out. Good trades to all and hopefully there are some intelligent people out there that will get what I said and understand it. If not, oh well, I tried.

You don't have a sense of humor, do you?

I guess I tried, as well...

Regardless, I wish you all the best! Trade well and prosper...

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  #32 (permalink)
Sydney, Australia
 
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DarkPool View Post
I suppose you'll carry on rummaging around these boards insulting and doing no good for anybody. Bravo!

Once again, since you missed it the first time. I did not insult you. Recognising a behaviour someone is displaying is not insulting them.


DarkPool View Post
Who has tried to help me? only kbit and cw30000. The others, including yourself Twiddle, only attacked. How are these people helping me by ignoring (or not fully reading) what I said and then flying off and attacking me about something that is not cogent to the point I was making?

Fat tails did not insult you. As Lornz remarked aboved, "stealing from each others accounts" is pretty much how this game is known to many of the players. He was not calling you a theif. He also helped you with advice about market orders. Lornz has tried to help you also, and it was you who attacked everyone stating no "real traders" post here, indicating those who say they trade are liars.



DarkPool View Post
Just to be crystal clear, I have never professed any trading proficiency, or made any statements about my level of profitability(except for a few journal posts here on futures.io (formerly BMT))on the internet or IRL(except to my wife and partners.) I don't do that.

You set your trading level to the highest possible. Master.


DarkPool View Post
It doesn't matter, that was not what the post was about and the fact that you brought it up tells me you have jealousy issues or just can't control your malicious tendencies one of the two.

This is quite a comical statement.

The fact I brought it up tells you nothing other than possibly I am interested in human behaviour.


DarkPool View Post
You may be here to try and become a better trader, I am not. Not that I am not trying to improve my style(or that it can't be improved), but I don't get anything related to that from here. I don't give two squats if anyone around here thinks I am the ultimate trader or that I blow up accounts daily. Reality is the only truth and it will never live on this forum.

Well, you are a master after all...


DarkPool View Post
If you can't understand that my post had absolutely nothing to do with my ability(or lack of) as a trader, then you may want to take a refresher course on how to read american english.

And yet you say things to one of the most respected traders on this forum like:
"If you don't realize the folly of this statement, then I hope you never do." When he is discussing a simple concept he is completely correct about.

That very much implies you think your knowledge of trading is greater than his. And lets not forget, once again, you set your trading level to "master".


DarkPool View Post
The post said nothing about bad trade decisions, it was 100% about managing risk when "events" occur and systems/humans do not perform as they normally do.

Is there anyone who read what I wrote and understood that what I was talking about is risk management and not bitching and whining about "bad brokers?" Should I change the thread title to "My search for a risk management futures/forex broker?"

I'm growing tired of this... Perhaps I'll stop beating this horse now.

Probably a wise move.

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  #33 (permalink)
Battle Ground, WA
 
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Lornz View Post
You don't have a sense humor, do you?

I guess I tried, as well...

Regardless, I wish you all the best! Trade well and prosper...

You really are an idiot aren't you? Precious.

Protecting my capital from the market is nothing to need to "have a sense of humor" about. I suppose you don't come up all smiles when someone attacks and belittles you (by making snide comments about thievery), calls you a blowhard-know-nothing trader and have a paralyzing mental disease that distorts your reality? I don't think so. Especially when all of them missed the point of the post 100%

Good trades and Happy Holidays to you too Lornz...

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  #34 (permalink)
Taipei Taiwan
 
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@DarkPool

That was rude. We try to stay civil here on futures.io (formerly BMT)

Math. A gateway drug to reality.
 
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  #35 (permalink)
Oslo, Norway
 
Experience: Advanced
Platform: CQG, Excel
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Posts: 1,198 since Apr 2010


DarkPool View Post
You really are an idiot aren't you? Precious.

Protecting my capital from the market is nothing to need to "have a sense of humor" about. I suppose you don't come up all smiles when someone attacks and belittles you (by making snide comments about thievery), calls you a blowhard-know-nothing trader and have a paralyzing mental disease that distorts your reality? I don't think so. Especially when all of them missed the point of the post 100%

Good trades and Happy Holidays to you too Lornz...

I understand that my post might have come across as sarcastic, but I was actually being sincere. I might kid around a lot and be prone to polemics, but I did try to end this discourse on a friendly note.

No one was "making snide comments about thievery", you are clearly reading malicious intent into a comment clearly not intended that way.

I am open to the possibility of being an idiot, but your original post is based on a faulty premise.

Merry Christmas!

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  #36 (permalink)
Milan (I)
 
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I don't have the answer to post #1 and I understand your point since i have been thinking about it myself. Have you tried bypassing the problem of brokers by creating a strategy that controls your money management, you could for example flatten all positions if you are risking more than 2% of your actual capital. I have to admit that in my trading career I moved my stopped in a non convinient way and sometimes or better, many times my computer is sticking to the rules much much better than me or any broker backoffice.

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  #37 (permalink)
Market Wizard
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DarkPool View Post
I suppose you don't realize how redundant and ignorant this statement is.

I am simple minded, in my opinion a hard stop does both allow me to control leverage and protect me from a huge loss. I am aware that there is an operational risk, which is out of control. If the electronic market, where I trade is down, nobody can protect my funds, even not the broker.


DarkPool View Post
That was a snide, uncalled for, libelous remark Fat Tails. You might be, but I am not. I am a businessman looking to grow my business and work with people that want me to be successful and vice versa.

I did not want to insult you, but just call the game what it is. FOREX retail is a business, if you are on the sell side - that is selling broker services to gamblers. This is very similar to running a casino. The FOREX brokers either have an edge as the casino does, this is the case where you trade against them. Or at best they are simple service providers, who supply access to a regulated market place or ECN.

I have only been to a casino a few times in my life. I know that the house has an edge due to the setup of the games. So unless I use some super-sophisticated devices to outsmart the house, I will probably lose my shirt. Also I do not call it a "business trip", if I go to the casino.

The FOREX retail market is a gambling market. Some speculators pretend that they supply liquidity to the market place and thus contribute to the common wealth, as they are facilitating the transactions of hedgers, who need liquid markets to protect themselves from market risk. This argument was true for local floor traders who traded the other side of the order book to compensate for temporary imbalances between supply and demand. But is this really true for FOREX retail traders?


DarkPool View Post
You need to replace the word "Forex" with "Life" in that sentence and then you might understand further where I am coming from.

I agree that life is somewhat similar to trading. The trading universe is similar to a small universe with different species of traders and algorithms. Traders and trading algorithms feed on each other, as carnivores feed on herbivores. These similarities and the hidden forces of feedback is something that attracts me to trading.

But if trading can be seen as a metapher for life, it is by no means life itself. Its physical component is reduced to staring at a screen and pressing the button of a mouse, the metabolism is reduced to emotions.

Trading is neither business nor a surrogate for life, it is mostly gambling. I feel sorry for your loss. But as a master trader you will have to accept responsibility and not blame others.

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  #38 (permalink)
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December 13, 2011


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