My understanding of flash crash is a 'V' spike.
All the open long positions that had a stop loss entered in the system would have been stopped out.
Only open long positions without stop loss and all short positions can survive a flash crash.
I am still wondering how encountering a flash crash leads to a lesson to always set stop loss.
FX is a game of understanding the global flows as well as CB policies.
i dun see why any retail investors should play this game at all. the fact it is entirely margin based makes it even worse.
ST couldn't find better interviewee ?
100 retail investors, mostly using their luck
because of the commission, more then half of them will lose money
say 60 of them lose money, 40 of them make money
of the 40, maybe 4 of them ran really hot and managed to triple their capital
they think they are a genius and should become a full time trader
here is how you get people who thinks they have "80% accuracy"
sigh. lots of pple treat stock market as casino with usually disastrous results. some think by attending courses by gurus they also can do it. its far from that. real gurus dun need to write books n give talks n make a sigificant of their money from ro yalties of such "education". how come we dun see peter lim or oei hl conducting lessons and writing books?
(13-01-2013, 09:39 AM)pianist Wrote: [ -> ]how does he handle his own full-time trading trades against his clients' similar trades? will there be a conflict of interest?
I believe he is more as a trader, dont advise or handle clients' orders. As far as Im aware, successful brokers are busy doing marketing thus do not trade the markets.
He has been at it for only two years. Still early days
(13-01-2013, 06:32 PM)paullow Wrote: [ -> ]real gurus dun need to write books n give talks n make a sigificant of their money from ro yalties of such "education". how come we dun see peter lim or oei hl conducting lessons and writing books?
Well, at least George Soros and Jim Rogers wrote some books? Maybe its just because chinese dont like to write
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(13-01-2013, 10:35 PM)Bibi Wrote: [ -> ] (13-01-2013, 06:32 PM)paullow Wrote: [ -> ]real gurus dun need to write books n give talks n make a sigificant of their money from ro yalties of such "education". how come we dun see peter lim or oei hl conducting lessons and writing books?
Well, at least George Soros and Jim Rogers wrote some books? Maybe its just because chinese dont like to write .
The most successful ones write their books to share their secrets after they'd made 'enough' money.
The rest write their books to make money cos' Money No Enough...
Past few articles are like a series of one-upsmanship. Just when you thought you’ve heard the most outrageous piece of self-serving promotion, along comes yet another the next Sunday to bloviate “You ain’t heard nothing yet, wait till you hear what I have to say!”.