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Old 26-07-2003, 13:07   #9
peteuk
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haha, looking for losers!

Well it's a novel idea, do the opposite and make a fortune!

Maybe the MoneyTec readers surveyed don't represent a true cross-section of traders, or maybe it's because of all the good advice here it's impossible to be a MoneyTec reader and a loser!

One thing's for sure, it's not my broker who's losing
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Old 26-07-2003, 13:18   #10
Tekunda
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Mig 928 ,

you are right, as long as we would both use real money, we would only sort of (the spread would even put you in the minus)break even. One looses, one wins.
But if it should ever turn out to be profitable on the demo account, I might give it a try with real money. But then I am the only one using real money, my brother would still use his demo account. So in case he would continue loosing demo money, I should win real money. I will keep in mind what you said about the feedback. Yes, he will be given no feedback. There is one point though, I have not found a good solution so far. Many mistakes are done when exiting a trade, so not only the time of entering a trade makes a difference. So should I have my brother exit a trade whenever he feels like it, or should we, e.g. let the trade run over night and we both exit at a set time next morning?

Peteuk, you are right, a lot of good advice is given here at Moneytec, so I will make sure my brother will not visit Moneytec any time soon.
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Old 28-07-2003, 14:25   #11
dewton
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If he loses due to over trading (cost of spread is a major factor in loss), which a lot of newbies probably do, then this contrarian strategy wont work too well.
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