TheRealZed
Retired Sailor
- Messages
- 3,002
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Just a note for anyone reading the thread that doesn't know me. I think that its a small group and most do know me, but regardless...
1. Australian based, as such I trade our local markets for fun and profit... it is all I do.
2. I believe that success in the markets is mostly due to back office 'risk management'
3. I'm not trying to be Mr. Perfect and pick every trade correctly. I don't care what your system is if you bat over 70% you'd be richer than god if you manage risk well.
4. IMO Anyone claiming a really high win rate is most probably a liar. I'm probably closer to the 50% mark, mebe 60%.
5. I trade mid to long term - it suits my lifestyle, temperament and market access.
Given I believe that risk management is key to success making short term calls on specific stocks when there is a chance people reading will trade on it isn't such a good thing to do. IMO you must own the risk and the process while understanding your trading temperament before placing your money in the market. When you take full responsibility for that then you might be ready to trade. Following anyone's calls blindly is a path to failure, I'm not going to try to temp anyone down that path. I do what I do win/lose/draw, so long as it is just impacting me my conscience is clear.
So..... from me you will get broader background stuff on the things that effect gold and silver. That's the overlap in interest here, I will point out what I see and believe but I'm not going to make open/close trading calls. That is up to you. Sure I will do some basic T/A stuff, price projections etc on Gold, Silver, USD, the ratio and mebe bonds but that isn't my trading system and that isn't always reflective of what I do. Never forget that I am trading in AUD on Australian markets and that the world looks different through that lens.
I'm not here for dick measuring or a pissing contest so if we head off down that track I will exit stage left.
Welcome to the Fringe!
Good Luck.
1. Australian based, as such I trade our local markets for fun and profit... it is all I do.
2. I believe that success in the markets is mostly due to back office 'risk management'
3. I'm not trying to be Mr. Perfect and pick every trade correctly. I don't care what your system is if you bat over 70% you'd be richer than god if you manage risk well.
4. IMO Anyone claiming a really high win rate is most probably a liar. I'm probably closer to the 50% mark, mebe 60%.
5. I trade mid to long term - it suits my lifestyle, temperament and market access.
Given I believe that risk management is key to success making short term calls on specific stocks when there is a chance people reading will trade on it isn't such a good thing to do. IMO you must own the risk and the process while understanding your trading temperament before placing your money in the market. When you take full responsibility for that then you might be ready to trade. Following anyone's calls blindly is a path to failure, I'm not going to try to temp anyone down that path. I do what I do win/lose/draw, so long as it is just impacting me my conscience is clear.
So..... from me you will get broader background stuff on the things that effect gold and silver. That's the overlap in interest here, I will point out what I see and believe but I'm not going to make open/close trading calls. That is up to you. Sure I will do some basic T/A stuff, price projections etc on Gold, Silver, USD, the ratio and mebe bonds but that isn't my trading system and that isn't always reflective of what I do. Never forget that I am trading in AUD on Australian markets and that the world looks different through that lens.
I'm not here for dick measuring or a pissing contest so if we head off down that track I will exit stage left.
Welcome to the Fringe!
Good Luck.
