stocktrading99 

That's because he averaged in too early and tapped out his capital by going in too big, too early. I take small short contracts on the $CAD (never long) and only average up after a major move. It worked great for me with $65K cleared yesterday morning at .9792 and now I'm out of the market until I see a noticeable move upwards on the $CAD. Even if it takes a year of waiting, I'm up 31% for the month and year so I've beat almost every fund's annual rate of return already. I simply fail to see the risk in what I am doing. I've made money in every single trade (about 40 trades) for 1 month and the dollar has been totally random. Its not like the dollar has been predictable or I've been lucky. I look at it this way. If I went to Vegas with $5 million and only bet $1 every hand, then doubled my bet on every losing hand until I won, I would make money. That's why they limit the spreads for minimum and maximum. I had savings in a mutual fund that lost 18% in the past 2 months. I've redeemed that money and adding it to the trading capital. Maximum amount I can lose is pretty straightforward as the $CAD has a definite ceiling and by going short, I avoid the risk of the bottomless pit to 75 cents it sometimes goes to.

he really didnt average in to early, but I see your point. I do like your numbers $$$ well done thx for reply

The $CAD dropped to .9746 today and had I been more patient I would have made an extra $80K today but I find if I can limit my greed and take the money sitting on the table when its there rather than holding out for more, I'm far further ahead. Everytime I waited for the $CAD to make a huge drop, lose out on making multiple small gains so this is the strategy I will continue with, even at the expense of the lottery wins I miss like today.

I figure it could have easily gone the other way and I would have been unable to lock in the gains so small, daily gains work better for me.

"I would have made an extra $$$$$"

please stop doing this to yourself, the sooner the better.

woulda coulda shoulda is not helping you towards your goal.

It is part of getting a better trader.

Never say never. Futures are great regarding leverage, but a bitch regarding leverage. The trader's trail of tears is often paid for by averaging down. I made over $100k on my first-ever trade...

Guys.

Come on, please.

I won't go as far as to ban this guy, but I am going to close this thread. This has to be the biggest "joke" of a thread I have seen in the last couple years on the forum.

Do not encourage this guy.

Mike

Also the chances are quite high (based on my experience) that the guy is just a vendor selling something, which would become apparent after a few more posts.

I have many tools available at my disposal to determine that.

Since I didn't let it play out and get concrete proof, I've just closed the thread. But if the guy comes back, he'll be banned.

Mike