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trading is hard... no tears!
out of the plantation
out of the plantation
Osiris
Matthew Todorovski
An investment banker stood at the pier of a small coastal Mexican village when a small boat with just one fisherman docked. Inside the small boat were several large yellowfin tuna. The banker complimented the fisherman on the quality of his fish and asked how long it took to catch them.
The fisherman replied, “Only a little while.” The banker then asked why didn’t he stay out longer and catch more fish? The fisherman said he had enough to support his family’s immediate needs. The banker then asked, “But what do you do with the rest of your time?” The fisherman said, “I sleep late, fish a little, play with my children, take siestas with my wife, stroll into the village each evening where I sip wine, and play guitar with my amigos. I have a full and busy life.”
The investor scoffed, “I am an Ivy League MBA and could help you. You should spend more time fishing and with the proceeds, buy a bigger boat. With the proceeds from the bigger boat, you could buy several boats, and eventually you would have a fleet of fishing boats.
The investor continued, “And instead of selling your catch to a middleman you would then sell directly to the processor, eventually opening your own cannery. You would control the product, processing, and distribution! You would need to leave this small coastal fishing village and move to Mexico City, then Los Angeles and eventually New York City, where you will run your expanding enterprise.”
The fisherman asked, “But how long will this all take?”
To which the banker replied, “Perhaps 15 to 20 years.”
“But what then?” asked the fisherman.
The banker laughed and said, “That’s the best part. When the time is right you would announce an IPO and sell your company stock to the public and become very rich. You would make millions!”
“Millions. Okay, then what?” wondered the fisherman.
To which the investment banker replied, “Then you would retire. You could move to a small coastal fishing village where you would sleep late, fish a little, play with your kids, take siestas with your wife, and stroll to the village in the evenings where you could sip wine and play your guitar with your amigos.”
The fisherman replied, “Only a little while.” The banker then asked why didn’t he stay out longer and catch more fish? The fisherman said he had enough to support his family’s immediate needs. The banker then asked, “But what do you do with the rest of your time?” The fisherman said, “I sleep late, fish a little, play with my children, take siestas with my wife, stroll into the village each evening where I sip wine, and play guitar with my amigos. I have a full and busy life.”
The investor scoffed, “I am an Ivy League MBA and could help you. You should spend more time fishing and with the proceeds, buy a bigger boat. With the proceeds from the bigger boat, you could buy several boats, and eventually you would have a fleet of fishing boats.
The investor continued, “And instead of selling your catch to a middleman you would then sell directly to the processor, eventually opening your own cannery. You would control the product, processing, and distribution! You would need to leave this small coastal fishing village and move to Mexico City, then Los Angeles and eventually New York City, where you will run your expanding enterprise.”
The fisherman asked, “But how long will this all take?”
To which the banker replied, “Perhaps 15 to 20 years.”
“But what then?” asked the fisherman.
The banker laughed and said, “That’s the best part. When the time is right you would announce an IPO and sell your company stock to the public and become very rich. You would make millions!”
“Millions. Okay, then what?” wondered the fisherman.
To which the investment banker replied, “Then you would retire. You could move to a small coastal fishing village where you would sleep late, fish a little, play with your kids, take siestas with your wife, and stroll to the village in the evenings where you could sip wine and play your guitar with your amigos.”
3
Osiris
Price obeys SR levels.
Yohana Parmi
Even I did not read any news about FOMC (or NFP last week). Just wait on major R today, by sell limit.
S/R works, and looks strange, because the market is "something" extraordinary. We must do the same,
something extraordinary that not the same with the more than 90% who failed. :)
Good luck, my friends.
Даже я не читал никаких новостей о FOMC (или НЗФ на прошлой неделе). Просто ждать на главной R сегодня, пределом распродажи.
S / R работает, и выглядит странно, потому что рынок "нечто" экстраординарное. Мы должны делать то же, что-то необычное, что не то же самое с более чем 90%, который был неудачной. :)
Удачи, друзья мои.
S/R works, and looks strange, because the market is "something" extraordinary. We must do the same,
something extraordinary that not the same with the more than 90% who failed. :)
Good luck, my friends.
Даже я не читал никаких новостей о FOMC (или НЗФ на прошлой неделе). Просто ждать на главной R сегодня, пределом распродажи.
S / R работает, и выглядит странно, потому что рынок "нечто" экстраординарное. Мы должны делать то же, что-то необычное, что не то же самое с более чем 90%, который был неудачной. :)
Удачи, друзья мои.
5
Osiris
EURUSD will fall to 0.98 by end of year. Reason : EU has a massive surplus account...larger than China's , coupled by high unemployment , QE will be deployed. EU will drive new growth in the coming decade . EU will be the new china. IMHO
Osiris
Added topic MQL5 Website - Suggestions
Just suggestions.. thanks for the neat layout Can you use ajax for notifications and chat rooms? I miss notifications on commenting and chats. thx many pips.
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4
Osiris
shared author's Roman Smirnov post
Albert Einstein once said "Compound Interest is a miracle. - Its the 8th wonder of the world." . be wise. use it in your trading. Keep your pips constant and compound your lot size.
As for the 6 months to make a million dollars in the forex market!
Make a million dollars in about half a year in forex is quite real, it needs a bit of math, and most importantly - no zhadnosti.Kak and many other traders at first I tried to take on each transaction
Show all comments (4)
Osiris
2014.10.07
Thanks for the advise Tamer.. do you think the market is irrational or rational?? ;-)
Tamer Soliman
2014.10.07
No it's not, but sometimes things goes in wrong direction for no reason, or coz of phone calls between presidents while we don't know nothing about it :-)
Osiris
2014.10.07
hehehe...you are funny :) ..i on the other hand..think markets are rational.. because the people who control the market..e.g. market makers are rational beings.. they make the market to make a profit..so they make rational decisions..every when things seem irrationall..hope am making sense
Osiris
+25 pips collected on gold during London Session.
Technically i have met my day's target.
My game plan is to consistently make a NET of 20 pips per day...
in 1 year using power of compounding i will make $1.2million dollars.
Technically i have met my day's target.
My game plan is to consistently make a NET of 20 pips per day...
in 1 year using power of compounding i will make $1.2million dollars.
Osiris
2014.10.07
Thanks tamar..i can do this... " Money does not make pips , pips make money " :-) I wish you all the best to my brother
Osiris
+200 pips on gold
Yohana Parmi
2014.10.06
amazing ... good work.
I can't do anything on M1, not about technical, but about my bad psychology :)
I can't do anything on M1, not about technical, but about my bad psychology :)
Osiris
2014.10.07
i use multi-timeframe analysis... ride 1hr trend... 1min chart for entry and SL management
Osiris
all systems work on trending markets... even simple MA... the real test of a system is during consolidations and reversals.. IMHO
Osiris
NFP stopped me out of Dow and Gold trades.. i quickly corrected my error and made some money. A trader a to be flexible in microseconds.. life and death depends on such real time decisions. Guess that is why most people don't make in it trading.. they cannot make quick decisions under pressure..
Osiris
If Gold breaks 1205 to the downside.. it will crash to 1180...ose for now its a bit oversold IMHO
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