How Much Money Can You Make From Forex Trading?

My MIL literally showed me and my SO her vagina, AND PATTED IT!!!

Okay, you guys I’m sorry this is so long and the formatting is messed up, this is my first time writing on Reddit, but PLEASE strap on with ya girl through this rollercoaster of my SO’s family, I just need an ear to vent to for a while.
So I’m a 22yo Black American and my SO is a 27yo Nigerian who’s been in America for a going on 6 years now. We’ve been knowing each other maybe 4 years but we’ve only been together for 2, because I moved away for college to California (my home state) from Houston (my mom is a traveling nurse so I use to move around all the time as a kid.) But throughout this time, we always talked, even argued a bit but he was always “the one that got away” for me. So during this time we both got into shitty relationships that caused us to both look at ourselves, take accountability where it was needed and grow from the situation. Maybe 6 months after my relationship with my ex, my SO calls me and we get back talking and he flies my out to meet him, and the rest has been history. I left school on my third year and became a housewife for my SO (he’s a traveling wind turbine technician, so yeah I’m still everywhere.)
So here’s where shit gets real. So keep in mind how I told you he was Nigerian and I was Black American (apparently 2 different races) Yeah so, his mom met me for the first time, this lady was exceptionally nice, I felt like we even bonded over the fact that we freaking look alike. I mean if we were to go to outside of her house together people would just believe that she was my mom, not the other way around. So we meet this first time (this was like 2 years ago so strap in baby, I’m about to give you the full jist) and I personally believed things went great until maybe a few weeks after that, her and my SO have an argument and she tells him that I’m going to trap him into being a baby father because I’m an Akata (Akata = Africans slur towards black Americans) (SN: If this heifer would have even TRIED to get to know me she would know I don’t even want no damn kids, UGH) But she says all this and my SO takes up for me then hangs up on her, not even a week later this horrible retched human being calls and just acts like nothing happened. My SO was just like whatever cause at this point every time they would get on the phone they would argue so he didn’t want to feel like the person constantly bringing the static.
So we were paying their rent ($1890) while his mom was going to school to be a nurse, (she’s 64) under the stipulation that this would stop as soon as she got a job. So she got a job, told us we didn’t have to worry about paying the rent anymore, then called us 2 freaking days before their rent was do to tell us she couldn’t afford it. So we paid it again, and this went on for 5 months after. Until my SO just told her no more. After we paid her rent for the last time, we told her it was the last time and she would need to figure herself out. I mean she has a husband that doesn’t work, he takes her money and spends it on stocks and forex, he will win a little but the will loose everything EVERY FREAKING TIME and this lady still gives him her money.
Okay so the second time I went over was after being called a baby mama but before we stopped paying the rent, and I am just like it’s my SO family I’m going to try and show them me, and let them see who I am. But literally on our way to his house his older sister, who I hadn’t met before this, calls and tells him that we shouldn’t stay at his house because we’re not married. So we say whatever to that even though we were paying rent, and we bought a hotel. So once we get to Houston we go to the hotel and then his mom calls and asks where we are and my SO tells her we came to a hotel because of what his sister said. Then his mom tells his is sister doesn’t run nothing so come there, he tries to be like no it’s fine we’ll stay here to keep the peace, this lady literally breaks down crying so my SO is like okay okay we’ll go, so the next day we went, and went we fucking did. Literally as soon as we walked in and got the pleasantries over and then sit down to eat lunch, they began talking shit about this other family that moved from Nigeria to California but couldn’t stay there because it was too expensive and they had to move to Houston. They were saying things like the other family is stupid, they should be able to stay anywhere “I mean it’s America”, how could they not afford their rent (while me and my SO are paying their rent), things like that. So being from California myself I took it upon myself to take up for this other family and explain to his family that staying in California is ALOT different from staying in Houston, from gas prices to rent prices to even cleanliness, it’s a whole different space. So from me saying that his sister began to straight up argue with me about this, she was speaking over me, not letting me finish, everything I hate in an argument and the whole time I sat their and tried to get my point across as best I could without being the loud ghetto black girl, and I applaud myself for this because MY OWN FAMILY don’t even speak to me the way his family has. (I’m literally shaking as I’m writing this OMG I HATE THESE PEOPLE) His sister was saying things like, she can’t stay in a place in CALIFORNIA where people in her apartment building are sagging, she would go to the mid level worker, IN FUCKING CALIFORNIA, and figure out what they do to make it and she would still be there chugging on along. Even after I tried to explain to this girl over and over again that’s not how life works, especially not in California, she still didn’t get it, so my SO just calmed the situation and we went up to his room. After a couple of minutes I left outta his room to go to the restroom and this same bitch that I just met for the first time and got yelled at by over shit she didn’t even know about, who also told my SO that I shouldn’t go to their family house because we’re not married, she asks me if I’m comfortable there. In order to hold myself from cussing her the fuck out. I literally just look at her and kept walking to the bathroom. So on the same trip, one of his mother’s older friends came over (to get FOR FREE NOW my SO old fucked up car because she didn’t have one) and we were cleaning the kitchen because we had a little pressure cooker mishap, so my SO was doing something and this lady was talking to her sons in their language and then says Akata to her sons, I didn’t think anything of it I’m just like whatever she not be talking about me. But as she was leaving this lady gave me the deadliest look, so hard my SO was like okay bye now to get her attention off of me, cause I just smiled at her, (old bitter bitches can’t break my happiness.) So after they leave my SO is like WTF was that and I told him how I also heard her say Akata and he’s pretty pissed I didn’t say anything while she was there, but was like whatever I will tell my mom. We tell his mom, and she is just like, no I don’t believe she would do that, and just left it at that. Yeah so that was my last time going there for a long while.
During me not going my SO didn’t go either because this man would legit loose his head if I didn’t always keep it in purse. This is when we stopped paying the rent and the arguments started as well. (SN: We smoke marijuana and that’s a problem for his family as well (he smoked weed before we even met), his family LITERALLY have called us druggies on multiple occasions, while still asking us for money. What kind of druggies would you ask for money?) So yeah now I have caught up to year 20 fucking 20. During our hiatus from Houston, my SO was keeping in small contact with his family and I have always kept in contact with his little sister, she would call me and we would literally be on the phone for hours but that slowed up a lot and and so did his family from telling us their hardships, so in our minds everything was chill, they were learning we have our own minds and way of living and they were becoming okay with it. THE FUCKING LIES I THOUGHT. Nope the whole time they were just talking shit about us behind our backs and then come and ask us for shit. CRAY.
So my SO has stuff that we just left at her house because he is a traveling wind turbine technician and we literally just didn’t have anywhere to put them, he had another car in her garage and we had like clothes and just things from other apartments and places we’ve been and we just couldn’t keep taking it around with us. So his mom said something about them moving houses and us having to come and get our stuff. Totally fine so we make plans and literally the next weekend we’re there grabbing our stuff. When we get there his mom then tells him there not gonna move so he can keep stuff there, so we’re like whatever because we were already having problems with the storages, so we just took his little sister driving and then I went shopping while they stayed back in the hotel to play VR and talk. I wasn’t there for this talk but from what my SO told me, his little sister was mad about the way he speaks to his mom, she was telling him her health is bad so he shouldn’t be yelling at her and all of this other stuff and he replied with something to the effect of if she’s doing fucked up things in front of y’all, why is no one else yelling. (I haven’t said what they have been arguing about because it’s a lot of different BS but it always has something to do with his mom chasing money and forgetting logic.) But they have a whole conversation about it or whatever and he tells me that his little sister was agreeing with what he was saying and everything.
But the next day when we went to his house to grab our stuff, we realize it’s the complete opposite. I didn’t go in with him first off because I went shopping the day before and I had HELLA bags and shit the back of our truck so I had to move stuff around and make it neat so we could add the stuff from the house. During this time, unbeknownst to me, his little sister and mom are in the back arguing to my SO about who? ME! Saying things like I’m low class, dirty, I didn’t know how to pronounce the name of my university (?????), and that I have no ambition because I don’t have a job. They also talk about us smoking weed and then his little sister (16f) asked my SO what are your 10 year goals. Like WHAT?!?!?!? So after I finish moving all of this stuff I go into the house and the “daddy” then tells me to go to the back room cause that’s where everyone is. I had no idea what was going on and as soon as I walked inside of the room everyone stopped and looked at me. I could tell me SO was pissed but I thought their conversation was about what him and his little sister were talking about the night prior. So when I walk in his mom begins saying her greeting and then complimenting me on my clothes and I then told her how I sewed them myself because I learned how to sew recently, (this whole no ambition thing really fucks me up because I literally know so many skills, I don’t have to pay anyone to do anything for me, from my hair to my fucking acrylics to building furniture, it’s really fucking asinine to me.) So after all of the pleasantries are done, my SO begins helping his dad move stuff around and his mom begins to talk to me about smoking weed. At this point, I was still on the let me respect this old bitch level not knowing what was said about me seconds before. So I let her go on and on, with just a few things where I was like wait but that’s not right and then she would then go on and on on how it was right, when all of her explanations were stupid, and to just keep the peace I just kept saying yes ma’am, okay, all of that. When I say dumb shit I mean dumb shit she was telling me how we shouldn’t be eating out all of the time, when the only time we eat out is when we’re in Houston because knowing that I’m vegetarian they still cook everything with meat so I have to go buy food,which is fine, but don’t then hold it against me you insane crazy crazy bitch. She was even talking shit about my SO about how he is like the bad child, when his brother literally smokes weed too but he’s just too much of a pussy to say anything. So finally we leave, and then my SO tells me about all of this, it’s a 7 hour drive back to where he is stationed and the WHOLE drive I was yelling, I literally lost my voice.
So at this point, I am just like fuck it, I need to state my peace. Again I will tell y’all MY OWN FAMILY knows better!!! I can’t allow somebody else’s family to treat me nor my man no type of way. Not at all. So two weeks later (literally last weekend) we go back to Houston once and for all to get all of our shit, move his car and cuss them the fuck out. So when we get to his house we just get busy getting out shit cause him mom wasn’t getting off work until the next day.
So we get the stuff and come back the next day and here is again where shit gets the mostest realest OMG!!!! OMG!!! So we get there right before they’re leaving for church, give them little pleasantries or whatever and then we get down to business, my SO started then tossed the mic to me, so I begin VERY VERY calm and started to tell her how my SO told me what they have been saying and I don’t believe it’s right for them to just make assumptions about me without knowing me. This insane crazy bitch, tells me she doesn’t care about me because I’m not her child or her concern. And I say well why have you been talking about me. This woman says she doesn’t remember saying anything and for ME to tell her what she has said. So I was like well for starters you said I was going to make my SO into a baby father. She says, I don’t remember that, and after both my SO and I say YES YOU DID. She says Well it’s true.... (WTFFFFFFF I DONT HAVE CHILDREN I SWEAR I DO NOT HAVE A CHIL) At this point all calm is out, I’m yelling BITCH I DONT HAVE NO KIDS CRAZY, and I also begin walking toward her, now I’m not gonna hit this old ass bitch I just wanna yell in her face a little. And she starts saying oh are you gonna hit me and all of this and by this time I feel like I blacked out because I honestly have no idea what I was saying but I know I called her an old dumb bitch multiple times. But my SO comes in as I’m walking up to her and calms me down so I shut my lips and just let him go in. She was talking shit about me not having a job, he started talking about her husband, his dad, RIGHT IN FRONT OF HIM, calling him a deadbeat because he doesn’t have a job and literally doesn’t do shit and he wastes her money while I save my SO money. His dad literally didn’t do shit. His mom said she was gonna call the police my SO said he will call immigration (his daddy have literally been in this country illegally for over 10 years and she mad that we smoking weed, the fucking nerve.) So through all of my SO yelling and stuff we moved locations into the entryway and she’s telling us to get out but my SO is getting out everything that he’s been feeling. In the fucking mist of them arguing, she’s yelling as well, she begins to pull down her fucking panties (I am just a bystander at this point and I’m listening to the argument and once the panties began coming off, I swear to GOD it was was like a fucking car crash, I couldn’t look away. My brain was trying it’s fucking damnedest to make sense out of fucking nonsense.) This woman strips out of her fucking panties, lays flat backed on the fucking ground and spread fucking eagle shows me and my SO her puss. She literally starts smacking her puss while yelling to my SO that he came out of there. YAAAALLLLLL!!!! In all of this my SO is still yelling, he just turns his head to the side to where he can’t see her and just keeps going. After about 5 more minutes of her standing up then laying back down to show puss, I just told my SO let’s go and we walked out, with her yelling at ME, not to come back to her house. The next day his sister calls him and says their mom said he took me over their house to fight her, she even tells his sister that she showed us her puss, and his sister calls him asks him what happened and he starts telling her and she says well you are a druggie, nothing about the old bitch pussy popping for her son and his girlfriend. He hangs up in her face once she made the druggie comment cause honestly you’re insane if you’re mad at your brother for smoking a little weed but not your mom for popping pussy.
These are just tips of the iceberg moments, not even everything I have went through in these SMALL 2 years. I don’t know how to finish this up other than, just pray for me and my SO.
submitted by AriTheShowPony to motherinlawsfromhell [link] [comments]

Consistently Profitable Trader in Less Than a Year

I just recently got into this subreddit to browse and pretty sure this post will get roasted but here goes.
I started learning forex using babypips around November 2019. Didn’t really take it seriously until I bought a few courses when COVID hit in March and really grinded and studied every day.
On this subreddit, I see a lot of advice to not pay for a course because “you can learn it for free” or you can “YouTube” it. And while that may be true, there’s SO much information online, and a lot of it isn’t good. As a newbie or even long time trader, you can get overwhelmed with BS and the endless amount of indicators and strategies. To each their own, but I believe you’re gonna pay the markets your tuition for learning somehow: either through a mentocourse or just losing all your $$$ to the markets. I did babypips, and while that info was useful, I would say it’s definitely NOT enough to become profitable.
In these past 6 months, I’ve lost and earned a lot. I can proudly say I consistently made 10k+ each month from July-Sept and it’s only going up from here. (I didn’t start with a 10k account either.) Im definitely in the green overall, passed and verified on an FTMO account, and been making around 3k+ each day these past few days (thank you volatility!).
Psychology is the hardest to overcome, but it’s doable. To all the newbies and traders struggling out there, it’s possible to become consistently profitable, don’t let anyone else tell you otherwise. and F the people who don’t believe in you. But to be fair, you have to have a passion for trading and put in the work. You can’t go into this just for the money. I love analyzing the charts and trading now. It’s changed my life.
If anyone has any questions, feel free to hit me up.
submitted by helpmechoooooseplz to Forex [link] [comments]

The Last Time I Write Another One of These Cringey Things (I hope...): Part 2892, The Worst Sequel and Wall of Text, ever

Hiya, folks...! It's another wall of text from some random person who could be doing just about anything else except for this... Who's ready for some paragraphs from some stranger?
I know you'd rather be doing anything else, or maybe not haha.. But it does mean a lot if you do take the time to try to attempt to accurately type me... I will DEFINITELY NOT overthink it this time, and take your consideration FULLY to heart, and stop overthinking my MBTI type and live happily ever after! (Hahahahhaha...! ... ...)
...
Ok, let's begin!

I am a freshly 23 year old male that likes to do average Redditor bullcrap. Video games, memes, music, making my finger go up and down endlessly while staring at a glass LED screen with pixels on it while feeling like I've accomplished nothing. Just average stuff, I suppose. I'm not really that interesting tbh...
I work at home and I am just "vibing", as the kids say. I have some long term projects planned, but I'm at least trying to rest up from a really shitty 7 years that I've had back to back to back so... Nothing really insightful to write here haha..
Likely several... I had a very traumatic childhood that I constantly gaslight myself about like saying things like "it wasn't that bad, people have it worse" and much worse..
I disassociate from reality every 2.5 seconds, can't focus, have terrible insomnia, EXTREMELY low energy, mood swings, brain fog, random body pains 24/7, seventeen billion repressed emotions which don't help out anything else that I'm dealing with, memory problems, and I need caffeine to do the bare minimum of just about anything on most days, but some of that could be average American problems.
I've suspected I have some form as Aspergers, and probably A TON of mental illnesses, such as OCD, anxiety, depression, and maybe a personality disorder.
My upbringing is a very mixed bag overall. I would not say I had a typically "tragic" childhood (there goes me gaslighting myself LOL) because people have DEFINITELY had it worse than me. But I can't sit here and pretend everything I went through was "normal". To attempt to sum it up, I basically was a "gifted" kid who got good grades throughout school and maintained my image of being this perfect kid, but meanwhile in the shadows, I was just slowly dying inside and suffering from a lot of imposter syndrome (amongst other things), which I'd definitely would say is warranted because I was NOT cut out for anything in school and it showed. I basically faked my way through school, got burnt out EARLY but got mega burnt out by senior year, and basically started college with no plan but somehow still managed to graduate (barely) and just kinda end up where I am now.
As far as a religious upbringing is concerned, I definitely was heavily influenced by religion, in kind of a negative way (?) Religion and I have a VERY weird relationship. On the one hand, I guess I love my religious friends, the lessons I learned from it, and a lot of what it says, but on the other hand I can not ever be a part of one mostly because of some of the dogmatic thinking and extremely toxic aspects to it that people use to justify hate and violence, and that's not really my type of thing. Also, I used to be really kinda "uppity" or arrogant about my religion, and now I DESPISE seeing the same type of "holier than thou" attitude projected. It kinda irks me on the inside.
Looking back, my response to it all was a major polarity shift from one extreme, to the other, and now where I'm at, I can look back at both sides and take the good from both. What do I mean by that? Welllllll... I mentioned earlier how I can't stand the "holier than thou" type, and for a while, that was DEFINITELY me. I was REALLY into it and took it extremely serious. I wouldn't mind being called "lame" or "whack" for having my faith, but looking back, it really made my quality of life kinda worse because I did have those strong beliefs and those off-putting characteristics that ostracized me from my peers and some potentially great experiences. I grew out of this and then became an EXTREME atheist, and for a while, it felt freeing. I felt better, smarter, edgier, and just superior, but looking back, I was just cynical and a total asshole, and arguably worse than the "holier than thou douche persona" that I had growing up. Luckily, my extreme atheism phase kinda fizzled out after some other trauma that happened around the time I became an atheist, and now, I can respect religion and be open to it, the ideas, and the amazing things that come from it while also maintaining my independent thinking but not to the point of being "hur dur be skeptical and point out everything wrong with religion all the time and be an asshole for no reason to religious people", if that makes any sense.
As far as my relationship to the structure in my life.. It's kind of a mixed bag. I had a pretty suffocated childhood, and I wasn't allowed certain things, but I guess it wasn't really all that bad in the end, or at least as it could've been. Most of this was just protection from a single parent who just didn't want anything to me and wanted me to be the best I could be in life, and I can respect this and look back on some parts of my structured childhood with fondness. But I most certainly got sick of it all by the time I was almost finished with highschool and in a lot of my college career. I basically used to be Mr. Structured. I had everything organized, I was neat, clean, got everything done at the right time, all the good stuff. But my brain just got tired of maintaining that forever, because I was already pretty much bad at life, but I was forced to just continue faking everything until something happened. So, by the end of high school, I lost all of those characteristics and became extremely sloppy. But I really do blame that on being physically tired. Being as organized as I was was TAXING because of how I overdid it. And now, thinking back, a lot of my structuredness was just on the surface level, and it was me trying to live up to everyone's standards and be just on top of everything, all the time, at a VERY unhealthy level, and that's probably what burnt me out too. I was addicted to the image of being this extremely put together person who has their shit together, while not having absolutely any shit to get together because I was withering away inside faster than fresh cotton candy from the fair melts in your mouth when your mouth is dry.
So, basically to sum it all up, I was a really clean cut religious smart "gifted" kid who wasn't really that, at all (AND I still don't know who I am now tbh haha) and I got tired of putting on that image all the time and turned to a dirty neckbeard atheist cynic for a short time, and then balanced out to whatever the fuck I am now because I wear 238234 different masks for each and every occasion, but THAT'S a different story haha.. I look back at both equally cringey and horrible chapters of my life with some scorn for myself and the times, but overall a much more understand a balanced perspective, because I had to go through it all to be me, and I'm just glad I can be here now. I'd say I definitely liked moments from those chapters, but overall, I'm much happier where I'm at now, which is not nearly as anally obsessive at the concept of being structured and not nearly as hyper-faithful to my religion or just a total asshole piece of shit atheist.
Right now, I'm sorta half employed. I do trade a bit on the Forex markets from signals groups and make enough to help out my family, and buy myself things here and there. I'm only really doing this because I went through a really shitty 7 years and I just need time to myself to kind of figure out, A LOT (clearly, as you can see by reading this HORRIBLE reddit post LOL) and rest. I just like the amount of freedom I have, and the money. I really like the idea of me having money saved and ready for any emergency, or family member or friend. I just need money to help out, stay safe, and to have time for myself to rest and take care of my health, or just pursue all the hobbies I missed out on, and I'm totally fine doing this the rest of my life. I don't really need or want that much in life, and I've always kind of been like this. I just want things to be peaceful and simple, so that my mind can be at ease and to just have free time for myself and a solution for any random chaotic emergency that happens because my mind always thinks of the worst that can happen by catastrophizing literally everything ever in the world. So my "career" is just a means to an end, like I'm sure a lot of people's careers are, unless you happen to have a passion or something, which is also amazing.
I do like writing, and I do wanna finish my book. I daydream a lot about it, and sometimes that's much more fun than actually writing it, but I do wanna finish it, but I also want it to be absolutely perfect and plothole free, and much more. I also wanna do YouTube and Twitch, but I feel like I have a lot to do as a person before I can freely be on those sites as a full person/"influencer" (I have so many mixed feelings about having a full time career as an influencer and having my life under that much pressure and scrutiny, BUTTTTT that's a different discussion...), so I might pursue those slowly or just freestyle it for fun. Those were my big dreams as a kid, but growing up, I see that writing a good book is damned hard (worth it, but hard) and being a Youtubesocial media star is a different world entirely, and I don't know how I feel about it. Like, I know I'd never be a Shane Dawson (YIKES) or Cryaotic (EWWWWW) but to even just disappoint one person, or have any sort of fuckup, or.. I don't know where I'm going with this... Basically, everything I suffer from now would only be amplified by having a YouTube career, my people pleasing tendencies, my over obsession with being perfect for others/myself, my workaholic tendencies, my being hard on myself, my fear of fucking anything up, and my imposter syndrome, those would all go BRRRRRR if I got any decent success on YouTube, so... *Phew*
That's my weird relationship with my life, and where I wanna go with it. To be honest, I'd be happy where I'm at right now, because at the end of the day, as long as I'm healthy and my family is happy, I'm ok, but a part of me also wants to live out those big dreams like having my book be a thing and animated, and being a good YouTuber, meme maker, Twitch streamer, all the above at the same time but my insecurities are like "BWAHAHAHAHA", so I'm just like: -_- But I'll figure it out! Hopefully..
Hm... Interesting question. Honestly, I'd never feel lonely on weekends by myself. Even when my friends are doing better things or aren't around, I don't really feel lonely I guess. Most of the time I have weekends alone, I feel pretty refreshed I suppose. It's kinda hard to tell haha.. This feels more like a circumstantial question where a myriad of things that are going on during the hypothetical week or just in my life/mind would determine this answer. Sometimes I just need that weekend to recharge and be alone and in my thoughts, or watching Netflix or being an absolute video game degenerate while dancing alone in my room and eating junk food. And sometimes, I like to be out and about with my friends, or just doing stuff. I probably lean more towards refreshed though, overall in a general sense.
BIG YIKES. I feel like a non human that doesn't belong on this planet or universe 99% of the time. I'm VERY slow, awkward movements, jittery, sometimes it looks like I was born yesterday with my grasp on physical reality, but yet, I do interestingly enough find myself loving to sweat and workout. I don't really have the coordination for any type of real sport, but I do like walks and I would run if I lived in an area where I could have a private or peaceful run where I would not be interrupted or seen by anyone because I look HIDEOUS running. I won't say I could never get into running at a professional or serious level, like with a group, but I'd just say it's more unlikely, for now. It sounds really exciting and interesting to be good at something physical, and I have always admired people who could do really sick stuff in sports, and I've always wanted to do it. But, right now, my uncoordinated ass will stick to just riding my exercise bike occasionally to burn off some restlessness and help me sleep betteperform better because working out makes my brain feel oddly stable lol. (I guess that's why I have such a fascination with physical stuff even though I am absolutely hopeless in most of it in the grand scheme of things)
I don't know if I'd say I'm curious, I guess I just think a lot. Like, I'll see something or watch something and daydream about it all the time, making new ideas out of it in my head or creating something new with it, trying to take it a new level or understand it at a different level, if that makes sense. Like, I'll sort of mentally digest something and that's what gives me inspiration, or ideas. I take in everything as I go and make up new shit with it later on (LOL this sounds like regular human being talk, because everyone does this).
I would say I have a lot of ideas on everything. I daydream about random chapters in my book a lot, like full on scenes. I'll daydream about a new melody for a song I've never heard with lyrics, and I'll try to make lyrics in my head and extend the melody. I'll daydream about my interactions in life, and just how I could have responded differently, or maybe what the other person is thinking, or feeling, or stuff like I wonder if they're okay. I'll daydream about new memes I can make, or me in an interview (OMG MEGA CRINGE ROFL). I pretty much daydream about... Everything. And then I'll daydream about what I'm daydreaming about, and why I'm doing it, and it gets too meta at that point. (this could very well just be maladaptive daydreaming and NOT indicative of any cognitive function ROFL)
Nope, nuh uh. I am too much of a people pleaser and pushover. I'd be dead or betrayed before my first week is over. The thing about me is that generally, I feel like I'd be a terrible leader because I can overthink a lot, all the time, and I'd be slow to action and prone to analysis paralysis and extreme people pleasing tendencies. I can also be conflict avoidant, and just want people to be happy, so I'd let a lot of stuff slide that I maybe should not. Now, don't get me wrong, I can be firm and tough when needed, but eventually that'd be too much for me to bear, and I couldn't be in a position like that for long. I genuinely hope I never become a leader, because even when I'm looking back to five minutes ago, I can say that "ew, that's cringe bro", so I clearly have a lot of work to do before I have something that serious on my plate.
HAHAHHAHAHHAHAHAHA. Funny question. But.. Yeahhhhhhh... No. I am NOT coordinated. I can barely walk in my kitchen without the fear of me accidentally turning wrong or moving incorrectly and just breaking something or knocking over everything in the kitchen. SOMETIMES I'm in James Bond mode, and it feels like I can do anything physical, and I feel aware of everything, my body, my surroundings, and I can actually move like a human being, but that usually doesn't last long. I can do just the bare minimum that an average human can do, but MUCH MUCH worse and at a greater cost of my energy, and my mental energy trying not to fuck anything up because I have literally just been sitting at times and barely move and knock over EVERYTHING somehow, because that's just how much my body was not meant to be on planet earth and I maybe should have been incarnated as a slug, idk.
I'd describe myself as artistic, even if I haven't drawn in years LOL. But let me explain... I do still have a love for it, I just haven't really been able to practice. In general, my art is just aiming for whatever is in my brain, and I don't have a solid style. I'm just going for whatever I'm going for in the moment. I prefer a mix of realism with some "quirks", if that makes sense. While I haven't drawn in a while, this is how I'd imagine I'd want my art to look nowadays. Pretty realistic with perfect everything, perfect features, perfect environment or whatever I'm illustrating or going for (perfect features on a person, all the hair strands drawn individually, etc), with a mix of my own little "spice", if that makes sense. Back in the day, my art was just trying to copy classic anime, and while I have no problem with that style, I just wanna kinda make my own style, even if that is hard to verbalize lmao.
Alright guys.. I would write more, but I'm sleepy and some of this is getting dumb/boring (as if it wasn't already LOL). I'm glad you made it this far, and thank you for reading and putting up with this actual garbage fire of a post. Please take care of yourselves during these crazy weird times, and I hope you are doing well. I look forward to reading you guys responses (if I get any LOL).
Stay amazing, and stay healthy :3
submitted by big_throwaway___ to MbtiTypeMe [link] [comments]

That Time I Gained 337.59% In One Week - Storytime

Just a quick story on my biggest gain in one week, which I'll more than likely never do again because my risk tolerance is not as high anymore.
But before: I highly discourage anyone especially the newbies on here to risk as much or trade in the following manner.
It was late May and I was popping off from paper trading, I must've hit 20+ take profits with no losses. I was growing a demo that I started with $70 two weeks prior and I was already at like $623 lmao, in only two weeks??? So of course I thought I was a god.
I saw some better trades coming up and decided it was time to get back in the market with some real money. I had $75 from freelancing, I got $60 as a covid grant from the government and my mom gave me another $60 to trade in the casino (Forex Market). So it was time.
I got into trades Sunday night (May 31) as soon as the market opened and they were already doing well the next morning. Here's a screenshot I sent showing off my gross trading prowess and the positions I had opened: https://imgur.com/a/GFrcLEu
I stayed diligent and took my setups just as I would in demo, and fast forward: https://imgur.com/a/5JwIDl3
I got way too overwhelmed and closed some shortly after, and ended the week with no losses, 1155.5 pips, 9 trades completed and net $651.41. I thought I was the best trader ever but luckily I withdrew half of it and took my steady, inevitable losses after :)
Here's all the trades I had made (I didn't know about myfxbook but I had recorded all my trades in a nice little excel sheet to help me with risk and I still do - I'm currently making it into a nice little software): https://imgur.com/a/RNtt5wz
The statistics from excel: https://imgur.com/a/8gQlFBU
Strategies: Breakouts, Swings (S/R) and Trends.
Risk Tolerance: I was literally risking about 25% of my account on trades and whenever the trade took off, I considered it 0% risk so I could re-enter more so I didn't have to wait until close.
Why I probably will never gain this much in a week again:
  1. Risking 25% on a trade is downright awful unless your account is super small.
  2. Deeming a trade 0% risk is never true unless you have your sl in profit (most times I didn't).
  3. I'm okay with not gaining quickly, now I'm just about protecting my capital.
What I learnt:
I did take some good trades so there's not much I could've learnt, the weeks after though did teach me:
  1. Not to risk that much on trades
  2. Go for slow and steady gains
  3. Stay out of the market as much as possible.
TLDR: I went from $193.48 - $846.64 in one week by taking big dick risks and then lost half of it later, lol.
submitted by proskaterlegend to Forex [link] [comments]

10 Ways to Make Money Online in South Africa

There are a lot of opportunities online for anyone that wants to make a little extra money. From a part-time hustle to an all-out digital career, there are loads of ways that you can make money with an electronic device, and a connection to the internet.

  1. Paid Surveys - Did you know that thousands of South Africans earn extra income by simply participating in online surveys to help local companies improve their products? Finally, now you have an opportunity to do this as well! You can find a list of the top survey sites for South Africa HERE
  2. Selling Your Photos Online - Selling photos is a wonderful way to make money online if you have an aptitude for photography. Two popular platforms that you can try are Shutterlock and Unsplash. Every platform will have different requirements, but they will all pay you in hard cash. Though the photography market is quite hectic, it’s still a good method of gaining a passive income if you’re persistent and professional. Plus, the opportunity for additional sales is higher when your photos become popular. Many companies need photos of landscapes, and we all know that South Africa has some of the most amazing scenery in the world. In some cases, a smartphone is enough to get started, depending on the stock photo site you choose.
  3. Be a Freelance Content Writer - Freelance writing is a serious online business. The internet enters most areas of our life, and the need for blog articles and various types of content is exploding. There are many kinds of online writing work, and many people need things like product descriptions or simple reviews. Before going further in this direction, you first need to set up a blog or website. This will be an amazing portfolio where you can demonstrate to potential clients or businesses that you can deliver great work. A LinkedIn profile can be created to function as an online portfolio as well. Don’t forget that many writing clients will want to see specialized work, so be sure to consider what area you would like to specialize in. The pay for online writing varies, but with some practice, you should be able to make a decent part-time income.
  4. Sell Unwanted Goods - You can sell your unwanted stuff to people who want it and make your side business a real money maker. There’s plenty of options to use for sales such as Gumtree or Amazon. Don’t forget to do some research and see what assets have recently been sold so you have a target price. If you a business, you can sell other people’s goods as well. Many people don’t have the time or patience to sell goods online, and you can do it for them. If you charge a reasonable percentage of the sales, you can make a solid business out of selling used goods online.
  5. Build a Personal blog/website - Not only can you write for companies to gain income but you’re also able to run your own blog to raise money as well. Set your expectations at a reasonable level because this job requires consistent practice and lots of patience. Bloggers make a profit, often through press coverage, advertising products, and writing sponsored guest posts. You will need to run the blog for a while before you can expect to see any profits, but it is very simple to get started. Check out some of the other ideas on this list for ways to leverage a blog for greater income, like selling drop shipped items.
  6. Legitimate Remote Jobs can Pay Real Money - Many companies are heading to a work-from-home style of business since this type of model helps save money, and eliminates the risk of illnesses. People are completely flexible while working for a company and selecting where they decide to spend their time.CrowdSource, for example, hires remote writers, editors, and other jobs that can be done easily from anywhere. Companies like Fast Chart offer work-from-home options for medical transcriptionists. You can also try seeking opportunities at LiveOps, a call center staff. You might be surprised at how much time and money you save when you work at home. There is no transit, and you can cook for yourself. Think about it!
  7. Become a Dropshipper - Dropshipping is not a strange term, especially when eCommerce is booming. Anyone can be a drop shipper since the work requires low investment at the beginning and also guarantees minimal risk. The system operates by purchasing the stock (goods) from a third party supplier or manufacturer, who then fulfills the customer’s request. You don’t have to shop or handle goods in advance because the product comes directly from the vendors whenever an order is placed by a customer. There are many dropshipping platforms out there, and some are basically free to use. You will need to figure out how to market the goods, which is where a blog or website comes in very handy.
  8. Affiliate Marketing - Affiliate marketing is a popular method of making money online in South Africa and across the world. You can sell into a variety of markets with this business model, and make money almost anywhere. You can generate revenue from product sales. In other words, affiliate marketers will refer readers to a lot of products and get a small cut from them. Once a customereader buys products, you will earn a commission. A widely known approach is to start creating your own blog in a specific niche and to establish a trustworthy community that can purchase your promotions. Unlike dropshipping, you simply get a commission and have no other responsibilities. So easy! Check out SA’s leading affiliate network – https://www.affiliate.co.za/
  9. Online Business with Etsy - Try selling DIY designs and crafts on Etsy if you’re a skilled maker. An Etsy shop is basically free to operate, and you can make real money with the platform. Once your registration is complete, you can start posting photos of your works, and people can purchase your products. There is really no limit to what can be sold on Etsy, but make sure that you are able to send your goods to other countries, as many buyers are likely to be in the EU or North America. A PayPal account is important to have and also a popular payment choice so that customers can pay you quickly. Take nice pictures of the items to help draw purchasers into a sale. Make sure that you have good customer service as well, or you won’t be selling on the platform for very long!
  10. Forex Trading - You might have heard about trading FOREX or Contract For Difference (CFD) trading. The basics of this online money-making are simple. You will choose a currency pair, and bet on the direction of one currency vs. the other. For example, you could speculate that the EURO will appreciate vs. the RAND (or just about any currency). If you are correct, and then sell the contract, you will make profits. While this might sound easy, most people who do this lose money. In addition to currency, most retail FOREX brokers will allow you to trade in other markets, such as commodities, or shares. If you are looking for a reliable income, this probably isn’t right for you. On the other hand, if you don’t mind taking on risks, trading FOREX can be extremely profitable.
submitted by MrPassiveIncome to beermoneysouthafrican [link] [comments]

Everything You Always Wanted To Know About Swaps* (*But Were Afraid To Ask)

Hello, dummies
It's your old pal, Fuzzy.
As I'm sure you've all noticed, a lot of the stuff that gets posted here is - to put it delicately - fucking ridiculous. More backwards-ass shit gets posted to wallstreetbets than you'd see on a Westboro Baptist community message board. I mean, I had a look at the daily thread yesterday and..... yeesh. I know, I know. We all make like the divine Laura Dern circa 1992 on the daily and stick our hands deep into this steaming heap of shit to find the nuggets of valuable and/or hilarious information within (thanks for reading, BTW). I agree. I love it just the way it is too. That's what makes WSB great.
What I'm getting at is that a lot of the stuff that gets posted here - notwithstanding it being funny or interesting - is just... wrong. Like, fucking your cousin wrong. And to be clear, I mean the fucking your *first* cousin kinda wrong, before my Southerners in the back get all het up (simmer down, Billy Ray - I know Mabel's twice removed on your grand-sister's side). Truly, I try to let it slide. I do my bit to try and put you on the right path. Most of the time, I sleep easy no matter how badly I've seen someone explain what a bank liquidity crisis is. But out of all of those tens of thousands of misguided, autistic attempts at understanding the world of high finance, one thing gets so consistently - so *emphatically* - fucked up and misunderstood by you retards that last night I felt obligated at the end of a long work day to pull together this edition of Finance with Fuzzy just for you. It's so serious I'm not even going to make a u/pokimane gag. Have you guessed what it is yet? Here's a clue. It's in the title of the post.
That's right, friends. Today in the neighborhood we're going to talk all about hedging in financial markets - spots, swaps, collars, forwards, CDS, synthetic CDOs, all that fun shit. Don't worry; I'm going to explain what all the scary words mean and how they impact your OTM RH positions along the way.
We're going to break it down like this. (1) "What's a hedge, Fuzzy?" (2) Common Hedging Strategies and (3) All About ISDAs and Credit Default Swaps.
Before we begin. For the nerds and JV traders in the back (and anyone else who needs to hear this up front) - I am simplifying these descriptions for the purposes of this post. I am also obviously not going to try and cover every exotic form of hedge under the sun or give a detailed summation of what caused the financial crisis. If you are interested in something specific ask a question, but don't try and impress me with your Investopedia skills or technical points I didn't cover; I will just be forced to flex my years of IRL experience on you in the comments and you'll look like a big dummy.
TL;DR? Fuck you. There is no TL;DR. You've come this far already. What's a few more paragraphs? Put down the Cheetos and try to concentrate for the next 5-7 minutes. You'll learn something, and I promise I'll be gentle.
Ready? Let's get started.
1. The Tao of Risk: Hedging as a Way of Life
The simplest way to characterize what a hedge 'is' is to imagine every action having a binary outcome. One is bad, one is good. Red lines, green lines; uppie, downie. With me so far? Good. A 'hedge' is simply the employment of a strategy to mitigate the effect of your action having the wrong binary outcome. You wanted X, but you got Z! Frowny face. A hedge strategy introduces a third outcome. If you hedged against the possibility of Z happening, then you can wind up with Y instead. Not as good as X, but not as bad as Z. The technical definition I like to give my idiot juniors is as follows:
Utilization of a defensive strategy to mitigate risk, at a fraction of the cost to capital of the risk itself.
Congratulations. You just finished Hedging 101. "But Fuzzy, that's easy! I just sold a naked call against my 95% OTM put! I'm adequately hedged!". Spoiler alert: you're not (although good work on executing a collar, which I describe below). What I'm talking about here is what would be referred to as a 'perfect hedge'; a binary outcome where downside is totally mitigated by a risk management strategy. That's not how it works IRL. Pay attention; this is the tricky part.
You can't take a single position and conclude that you're adequately hedged because risks are fluid, not static. So you need to constantly adjust your position in order to maximize the value of the hedge and insure your position. You also need to consider exposure to more than one category of risk. There are micro (specific exposure) risks, and macro (trend exposure) risks, and both need to factor into the hedge calculus.
That's why, in the real world, the value of hedging depends entirely on the design of the hedging strategy itself. Here, when we say "value" of the hedge, we're not talking about cash money - we're talking about the intrinsic value of the hedge relative to the the risk profile of your underlying exposure. To achieve this, people hedge dynamically. In wallstreetbets terms, this means that as the value of your position changes, you need to change your hedges too. The idea is to efficiently and continuously distribute and rebalance risk across different states and periods, taking value from states in which the marginal cost of the hedge is low and putting it back into states where marginal cost of the hedge is high, until the shadow value of your underlying exposure is equalized across your positions. The punchline, I guess, is that one static position is a hedge in the same way that the finger paintings you make for your wife's boyfriend are art - it's technically correct, but you're only playing yourself by believing it.
Anyway. Obviously doing this as a small potatoes trader is hard but it's worth taking into account. Enough basic shit. So how does this work in markets?
2. A Hedging Taxonomy
The best place to start here is a practical question. What does a business need to hedge against? Think about the specific risk that an individual business faces. These are legion, so I'm just going to list a few of the key ones that apply to most corporates. (1) You have commodity risk for the shit you buy or the shit you use. (2) You have currency risk for the money you borrow. (3) You have rate risk on the debt you carry. (4) You have offtake risk for the shit you sell. Complicated, right? To help address the many and varied ways that shit can go wrong in a sophisticated market, smart operators like yours truly have devised a whole bundle of different instruments which can help you manage the risk. I might write about some of the more complicated ones in a later post if people are interested (CDO/CLOs, strip/stack hedges and bond swaps with option toggles come to mind) but let's stick to the basics for now.
(i) Swaps
A swap is one of the most common forms of hedge instrument, and they're used by pretty much everyone that can afford them. The language is complicated but the concept isn't, so pay attention and you'll be fine. This is the most important part of this section so it'll be the longest one.
Swaps are derivative contracts with two counterparties (before you ask, you can't trade 'em on an exchange - they're OTC instruments only). They're used to exchange one cash flow for another cash flow of equal expected value; doing this allows you to take speculative positions on certain financial prices or to alter the cash flows of existing assets or liabilities within a business. "Wait, Fuzz; slow down! What do you mean sets of cash flows?". Fear not, little autist. Ol' Fuzz has you covered.
The cash flows I'm talking about are referred to in swap-land as 'legs'. One leg is fixed - a set payment that's the same every time it gets paid - and the other is variable - it fluctuates (typically indexed off the price of the underlying risk that you are speculating on / protecting against). You set it up at the start so that they're notionally equal and the two legs net off; so at open, the swap is a zero NPV instrument. Here's where the fun starts. If the price that you based the variable leg of the swap on changes, the value of the swap will shift; the party on the wrong side of the move ponies up via the variable payment. It's a zero sum game.
I'll give you an example using the most vanilla swap around; an interest rate trade. Here's how it works. You borrow money from a bank, and they charge you a rate of interest. You lock the rate up front, because you're smart like that. But then - quelle surprise! - the rate gets better after you borrow. Now you're bagholding to the tune of, I don't know, 5 bps. Doesn't sound like much but on a billion dollar loan that's a lot of money (a classic example of the kind of 'small, deep hole' that's terrible for profits). Now, if you had a swap contract on the rate before you entered the trade, you're set; if the rate goes down, you get a payment under the swap. If it goes up, whatever payment you're making to the bank is netted off by the fact that you're borrowing at a sub-market rate. Win-win! Or, at least, Lose Less / Lose Less. That's the name of the game in hedging.
There are many different kinds of swaps, some of which are pretty exotic; but they're all different variations on the same theme. If your business has exposure to something which fluctuates in price, you trade swaps to hedge against the fluctuation. The valuation of swaps is also super interesting but I guarantee you that 99% of you won't understand it so I'm not going to try and explain it here although I encourage you to google it if you're interested.
Because they're OTC, none of them are filed publicly. Someeeeeetimes you see an ISDA (dsicussed below) but the confirms themselves (the individual swaps) are not filed. You can usually read about the hedging strategy in a 10-K, though. For what it's worth, most modern credit agreements ban speculative hedging. Top tip: This is occasionally something worth checking in credit agreements when you invest in businesses that are debt issuers - being able to do this increases the risk profile significantly and is particularly important in times of economic volatility (ctrl+f "non-speculative" in the credit agreement to be sure).
(ii) Forwards
A forward is a contract made today for the future delivery of an asset at a pre-agreed price. That's it. "But Fuzzy! That sounds just like a futures contract!". I know. Confusing, right? Just like a futures trade, forwards are generally used in commodity or forex land to protect against price fluctuations. The differences between forwards and futures are small but significant. I'm not going to go into super boring detail because I don't think many of you are commodities traders but it is still an important thing to understand even if you're just an RH jockey, so stick with me.
Just like swaps, forwards are OTC contracts - they're not publicly traded. This is distinct from futures, which are traded on exchanges (see The Ballad Of Big Dick Vick for some more color on this). In a forward, no money changes hands until the maturity date of the contract when delivery and receipt are carried out; price and quantity are locked in from day 1. As you now know having read about BDV, futures are marked to market daily, and normally people close them out with synthetic settlement using an inverse position. They're also liquid, and that makes them easier to unwind or close out in case shit goes sideways.
People use forwards when they absolutely have to get rid of the thing they made (or take delivery of the thing they need). If you're a miner, or a farmer, you use this shit to make sure that at the end of the production cycle, you can get rid of the shit you made (and you won't get fucked by someone taking cash settlement over delivery). If you're a buyer, you use them to guarantee that you'll get whatever the shit is that you'll need at a price agreed in advance. Because they're OTC, you can also exactly tailor them to the requirements of your particular circumstances.
These contracts are incredibly byzantine (and there are even crazier synthetic forwards you can see in money markets for the true degenerate fund managers). In my experience, only Texan oilfield magnates, commodities traders, and the weirdo forex crowd fuck with them. I (i) do not own a 10 gallon hat or a novelty size belt buckle (ii) do not wake up in the middle of the night freaking out about the price of pork fat and (iii) love greenbacks too much to care about other countries' monopoly money, so I don't fuck with them.
(iii) Collars
No, not the kind your wife is encouraging you to wear try out to 'spice things up' in the bedroom during quarantine. Collars are actually the hedging strategy most applicable to WSB. Collars deal with options! Hooray!
To execute a basic collar (also called a wrapper by tea-drinking Brits and people from the Antipodes), you buy an out of the money put while simultaneously writing a covered call on the same equity. The put protects your position against price drops and writing the call produces income that offsets the put premium. Doing this limits your tendies (you can only profit up to the strike price of the call) but also writes down your risk. If you screen large volume trades with a VOL/OI of more than 3 or 4x (and they're not bullshit biotech stocks), you can sometimes see these being constructed in real time as hedge funds protect themselves on their shorts.
(3) All About ISDAs, CDS and Synthetic CDOs
You may have heard about the mythical ISDA. Much like an indenture (discussed in my post on $F), it's a magic legal machine that lets you build swaps via trade confirms with a willing counterparty. They are very complicated legal documents and you need to be a true expert to fuck with them. Fortunately, I am, so I do. They're made of two parts; a Master (which is a form agreement that's always the same) and a Schedule (which amends the Master to include your specific terms). They are also the engine behind just about every major credit crunch of the last 10+ years.
First - a brief explainer. An ISDA is a not in and of itself a hedge - it's an umbrella contract that governs the terms of your swaps, which you use to construct your hedge position. You can trade commodities, forex, rates, whatever, all under the same ISDA.
Let me explain. Remember when we talked about swaps? Right. So. You can trade swaps on just about anything. In the late 90s and early 2000s, people had the smart idea of using other people's debt and or credit ratings as the variable leg of swap documentation. These are called credit default swaps. I was actually starting out at a bank during this time and, I gotta tell you, the only thing I can compare people's enthusiasm for this shit to was that moment in your early teens when you discover jerking off. Except, unlike your bathroom bound shame sessions to Mom's Sears catalogue, every single person you know felt that way too; and they're all doing it at once. It was a fiscal circlejerk of epic proportions, and the financial crisis was the inevitable bukkake finish. WSB autism is absolutely no comparison for the enthusiasm people had during this time for lighting each other's money on fire.
Here's how it works. You pick a company. Any company. Maybe even your own! And then you write a swap. In the swap, you define "Credit Event" with respect to that company's debt as the variable leg . And you write in... whatever you want. A ratings downgrade, default under the docs, failure to meet a leverage ratio or FCCR for a certain testing period... whatever. Now, this started out as a hedge position, just like we discussed above. The purest of intentions, of course. But then people realized - if bad shit happens, you make money. And banks... don't like calling in loans or forcing bankruptcies. Can you smell what the moral hazard is cooking?
Enter synthetic CDOs. CDOs are basically pools of asset backed securities that invest in debt (loans or bonds). They've been around for a minute but they got famous in the 2000s because a shitload of them containing subprime mortgage debt went belly up in 2008. This got a lot of publicity because a lot of sad looking rednecks got foreclosed on and were interviewed on CNBC. "OH!", the people cried. "Look at those big bad bankers buying up subprime loans! They caused this!". Wrong answer, America. The debt wasn't the problem. What a lot of people don't realize is that the real meat of the problem was not in regular way CDOs investing in bundles of shit mortgage debts in synthetic CDOs investing in CDS predicated on that debt. They're synthetic because they don't have a stake in the actual underlying debt; just the instruments riding on the coattails. The reason these are so popular (and remain so) is that smart structured attorneys and bankers like your faithful correspondent realized that an even more profitable and efficient way of building high yield products with limited downside was investing in instruments that profit from failure of debt and in instruments that rely on that debt and then hedging that exposure with other CDS instruments in paired trades, and on and on up the chain. The problem with doing this was that everyone wound up exposed to everybody else's books as a result, and when one went tits up, everybody did. Hence, recession, Basel III, etc. Thanks, Obama.
Heavy investment in CDS can also have a warping effect on the price of debt (something else that happened during the pre-financial crisis years and is starting to happen again now). This happens in three different ways. (1) Investors who previously were long on the debt hedge their position by selling CDS protection on the underlying, putting downward pressure on the debt price. (2) Investors who previously shorted the debt switch to buying CDS protection because the relatively illiquid debt (partic. when its a bond) trades at a discount below par compared to the CDS. The resulting reduction in short selling puts upward pressure on the bond price. (3) The delta in price and actual value of the debt tempts some investors to become NBTs (neg basis traders) who long the debt and purchase CDS protection. If traders can't take leverage, nothing happens to the price of the debt. If basis traders can take leverage (which is nearly always the case because they're holding a hedged position), they can push up or depress the debt price, goosing swap premiums etc. Anyway. Enough technical details.
I could keep going. This is a fascinating topic that is very poorly understood and explained, mainly because the people that caused it all still work on the street and use the same tactics today (it's also terribly taught at business schools because none of the teachers were actually around to see how this played out live). But it relates to the topic of today's lesson, so I thought I'd include it here.
Work depending, I'll be back next week with a covenant breakdown. Most upvoted ticker gets the post.
*EDIT 1\* In a total blowout, $PLAY won. So it's D&B time next week. Post will drop Monday at market open.
submitted by fuzzyblankeet to wallstreetbets [link] [comments]

Housemate potentially involved in a Forex MLM/Ponzi scheme

I’m curious if anyone here has heard of or is familiar with the company KOT4X? I have a housemate who claims to have made over $10 million from this website in a few months which I find utterly ridiculous. This all began with him trying to get the rest of us signed up for his “company” which I overheard him tell someone else is KOT4X. I did some digging on them but all I’ve been able to uncover is that the “company” is sketchy as hell. It’s registered offshore (St Vincent and the Grenadines) and makes some pretty serious promises regarding how much money can be made. The catch, of course, is that it costs ≈$250 to create an account (and I would imagine there are further monthly fees associated with this). He has mentioned that there are several hundred videos that teach how to make significant money off of Forex trading, which leads me to suspect this specific website is some iteration of IMAcademy.
Needless to say, I didn’t take the bait or really remark on it but now I’m thinking I should have. This housemate has not yet paid his share of the rent for the month; he keeps saying that he has and it’s “processing” and that his low standard of living given his supposed wealth is due to the fact he is “humble.” Coupled with this, I am fairly certain this housemate stole about $120 from my wallet along with my AirPods from my room, which I would imagine he sold for cash. He of course denies this and it’s frankly impossible to prove without either catching him in the act or seeing him use the AirPods, which hasn’t happened yet.
If he doesn’t pay his rent within the next few days, I have all intentions of doing everything in my power to get him kicked off the lease and evicted from the house because I frankly don’t feel comfortable living here. I’m in the process of finding someone else to take my spot on the lease, but it’s not promising at the moment.
Really, I’m just looking for any help or advice anyone can give regarding this supposed “company” and what I can do to stave off what I imagine will be further acts of desperation to come. I’m happy to answer any questions anyone has about it to the best of my ability, but I really don’t know much more than what he has told us. Is it possible to report him specifically to the SEC or another agency for investigation? Ordinarily I’d be inclined to try and talk him out of it, but given the theft I’d just like to see him gone and never see him again.
submitted by hobbs_squad to antiMLM [link] [comments]

H1 Backtest of ParallaxFX's BBStoch system

Disclaimer: None of this is financial advice. I have no idea what I'm doing. Please do your own research or you will certainly lose money. I'm not a statistician, data scientist, well-seasoned trader, or anything else that would qualify me to make statements such as the below with any weight behind them. Take them for the incoherent ramblings that they are.
TL;DR at the bottom for those not interested in the details.
This is a bit of a novel, sorry about that. It was mostly for getting my own thoughts organized, but if even one person reads the whole thing I will feel incredibly accomplished.

Background

For those of you not familiar, please see the various threads on this trading system here. I can't take credit for this system, all glory goes to ParallaxFX!
I wanted to see how effective this system was at H1 for a couple of reasons: 1) My current broker is TD Ameritrade - their Forex minimum is a mini lot, and I don't feel comfortable enough yet with the risk to trade mini lots on the higher timeframes(i.e. wider pip swings) that ParallaxFX's system uses, so I wanted to see if I could scale it down. 2) I'm fairly impatient, so I don't like to wait days and days with my capital tied up just to see if a trade is going to win or lose.
This does mean it requires more active attention since you are checking for setups once an hour instead of once a day or every 4-6 hours, but the upside is that you trade more often this way so you end up winning or losing faster and moving onto the next trade. Spread does eat more of the trade this way, but I'll cover this in my data below - it ends up not being a problem.
I looked at data from 6/11 to 7/3 on all pairs with a reasonable spread(pairs listed at bottom above the TL;DR). So this represents about 3-4 weeks' worth of trading. I used mark(mid) price charts. Spreadsheet link is below for anyone that's interested.

System Details

I'm pretty much using ParallaxFX's system textbook, but since there are a few options in his writeups, I'll include all the discretionary points here:

And now for the fun. Results!

As you can see, a higher target ended up with higher profit despite a much lower winrate. This is partially just how things work out with profit targets in general, but there's an additional point to consider in our case: the spread. Since we are trading on a lower timeframe, there is less overall price movement and thus the spread takes up a much larger percentage of the trade than it would if you were trading H4, Daily or Weekly charts. You can see exactly how much it accounts for each trade in my spreadsheet if you're interested. TDA does not have the best spreads, so you could probably improve these results with another broker.
EDIT: I grabbed typical spreads from other brokers, and turns out while TDA is pretty competitive on majors, their minors/crosses are awful! IG beats them by 20-40% and Oanda beats them 30-60%! Using IG spreads for calculations increased profits considerably (another 5% on top) and Oanda spreads increased profits massively (another 15%!). Definitely going to be considering another broker than TDA for this strategy. Plus that'll allow me to trade micro-lots, so I can be more granular(and thus accurate) with my position sizing and compounding.

A Note on Spread

As you can see in the data, there were scenarios where the spread was 80% of the overall size of the trade(the size of the confirmation candle that you draw your fibonacci retracements over), which would obviously cut heavily into your profits.
Removing any trades where the spread is more than 50% of the trade width improved profits slightly without removing many trades, but this is almost certainly just coincidence on a small sample size. Going below 40% and even down to 30% starts to cut out a lot of trades for the less-common pairs, but doesn't actually change overall profits at all(~1% either way).
However, digging all the way down to 25% starts to really make some movement. Profit at the -161.8% TP level jumps up to 37.94% if you filter out anything with a spread that is more than 25% of the trade width! And this even keeps the sample size fairly large at 187 total trades.
You can get your profits all the way up to 48.43% at the -161.8% TP level if you filter all the way down to only trades where spread is less than 15% of the trade width, however your sample size gets much smaller at that point(108 trades) so I'm not sure I would trust that as being accurate in the long term.
Overall based on this data, I'm going to only take trades where the spread is less than 25% of the trade width. This may bias my trades more towards the majors, which would mean a lot more correlated trades as well(more on correlation below), but I think it is a reasonable precaution regardless.

Time of Day

Time of day had an interesting effect on trades. In a totally predictable fashion, a vast majority of setups occurred during the London and New York sessions: 5am-12pm Eastern. However, there was one outlier where there were many setups on the 11PM bar - and the winrate was about the same as the big hours in the London session. No idea why this hour in particular - anyone have any insight? That's smack in the middle of the Tokyo/Sydney overlap, not at the open or close of either.
On many of the hour slices I have a feeling I'm just dealing with small number statistics here since I didn't have a lot of data when breaking it down by individual hours. But here it is anyway - for all TP levels, these three things showed up(all in Eastern time):
I don't have any reason to think these timeframes would maintain this behavior over the long term. They're almost certainly meaningless. EDIT: When you de-dup highly correlated trades, the number of trades in these timeframes really drops, so from this data there is no reason to think these timeframes would be any different than any others in terms of winrate.
That being said, these time frames work out for me pretty well because I typically sleep 12am-7am Eastern time. So I automatically avoid the 5am-6am timeframe, and I'm awake for the majority of this system's setups.

Moving stops up to breakeven

This section goes against everything I know and have ever heard about trade management. Please someone find something wrong with my data. I'd love for someone to check my formulas, but I realize that's a pretty insane time commitment to ask of a bunch of strangers.
Anyways. What I found was that for these trades moving stops up...basically at all...actually reduced the overall profitability.
One of the data points I collected while charting was where the price retraced back to after hitting a certain milestone. i.e. once the price hit the -61.8% profit level, how far back did it retrace before hitting the -100% profit level(if at all)? And same goes for the -100% profit level - how far back did it retrace before hitting the -161.8% profit level(if at all)?
Well, some complex excel formulas later and here's what the results appear to be. Emphasis on appears because I honestly don't believe it. I must have done something wrong here, but I've gone over it a hundred times and I can't find anything out of place.
Now, you might think exactly what I did when looking at these numbers: oof, the spread killed us there right? Because even when you move your SL to 0%, you still end up paying the spread, so it's not truly "breakeven". And because we are trading on a lower timeframe, the spread can be pretty hefty right?
Well even when I manually modified the data so that the spread wasn't subtracted(i.e. "Breakeven" was truly +/- 0), things don't look a whole lot better, and still way worse than the passive trade management method of leaving your stops in place and letting it run. And that isn't even a realistic scenario because to adjust out the spread you'd have to move your stoploss inside the candle edge by at least the spread amount, meaning it would almost certainly be triggered more often than in the data I collected(which was purely based on the fib levels and mark price). Regardless, here are the numbers for that scenario:
From a literal standpoint, what I see behind this behavior is that 44 of the 69 breakeven trades(65%!) ended up being profitable to -100% after retracing deeply(but not to the original SL level), which greatly helped offset the purely losing trades better than the partial profit taken at -61.8%. And 36 went all the way back to -161.8% after a deep retracement without hitting the original SL. Anyone have any insight into this? Is this a problem with just not enough data? It seems like enough trades that a pattern should emerge, but again I'm no expert.
I also briefly looked at moving stops to other lower levels (78.6%, 61.8%, 50%, 38.2%, 23.6%), but that didn't improve things any. No hard data to share as I only took a quick look - and I still might have done something wrong overall.
The data is there to infer other strategies if anyone would like to dig in deep(more explanation on the spreadsheet below). I didn't do other combinations because the formulas got pretty complicated and I had already answered all the questions I was looking to answer.

2-Candle vs Confirmation Candle Stops

Another interesting point is that the original system has the SL level(for stop entries) just at the outer edge of the 2-candle pattern that makes up the system. Out of pure laziness, I set up my stops just based on the confirmation candle. And as it turns out, that is much a much better way to go about it.
Of the 60 purely losing trades, only 9 of them(15%) would go on to be winners with stops on the 2-candle formation. Certainly not enough to justify the extra loss and/or reduced profits you are exposing yourself to in every single other trade by setting a wider SL.
Oddly, in every single scenario where the wider stop did save the trade, it ended up going all the way to the -161.8% profit level. Still, not nearly worth it.

Correlated Trades

As I've said many times now, I'm really not qualified to be doing an analysis like this. This section in particular.
Looking at shared currency among the pairs traded, 74 of the trades are correlated. Quite a large group, but it makes sense considering the sort of moves we're looking for with this system.
This means you are opening yourself up to more risk if you were to trade on every signal since you are technically trading with the same underlying sentiment on each different pair. For example, GBP/USD and AUD/USD moving together almost certainly means it's due to USD moving both pairs, rather than GBP and AUD both moving the same size and direction coincidentally at the same time. So if you were to trade both signals, you would very likely win or lose both trades - meaning you are actually risking double what you'd normally risk(unless you halve both positions which can be a good option, and is discussed in ParallaxFX's posts and in various other places that go over pair correlation. I won't go into detail about those strategies here).
Interestingly though, 17 of those apparently correlated trades ended up with different wins/losses.
Also, looking only at trades that were correlated, winrate is 83%/70%/55% (for the three TP levels).
Does this give some indication that the same signal on multiple pairs means the signal is stronger? That there's some strong underlying sentiment driving it? Or is it just a matter of too small a sample size? The winrate isn't really much higher than the overall winrates, so that makes me doubt it is statistically significant.
One more funny tidbit: EUCAD netted the lowest overall winrate: 30% to even the -61.8% TP level on 10 trades. Seems like that is just a coincidence and not enough data, but dang that's a sucky losing streak.
EDIT: WOW I spent some time removing correlated trades manually and it changed the results quite a bit. Some thoughts on this below the results. These numbers also include the other "What I will trade" filters. I added a new worksheet to my data to show what I ended up picking.
To do this, I removed correlated trades - typically by choosing those whose spread had a lower % of the trade width since that's objective and something I can see ahead of time. Obviously I'd like to only keep the winning trades, but I won't know that during the trade. This did reduce the overall sample size down to a level that I wouldn't otherwise consider to be big enough, but since the results are generally consistent with the overall dataset, I'm not going to worry about it too much.
I may also use more discretionary methods(support/resistance, quality of indecision/confirmation candles, news/sentiment for the pairs involved, etc) to filter out correlated trades in the future. But as I've said before I'm going for a pretty mechanical system.
This brought the 3 TP levels and even the breakeven strategies much closer together in overall profit. It muted the profit from the high R:R strategies and boosted the profit from the low R:R strategies. This tells me pair correlation was skewing my data quite a bit, so I'm glad I dug in a little deeper. Fortunately my original conclusion to use the -161.8 TP level with static stops is still the winner by a good bit, so it doesn't end up changing my actions.
There were a few times where MANY (6-8) correlated pairs all came up at the same time, so it'd be a crapshoot to an extent. And the data showed this - often then won/lost together, but sometimes they did not. As an arbitrary rule, the more correlations, the more trades I did end up taking(and thus risking). For example if there were 3-5 correlations, I might take the 2 "best" trades given my criteria above. 5+ setups and I might take the best 3 trades, even if the pairs are somewhat correlated.
I have no true data to back this up, but to illustrate using one example: if AUD/JPY, AUD/USD, CAD/JPY, USD/CAD all set up at the same time (as they did, along with a few other pairs on 6/19/20 9:00 AM), can you really say that those are all the same underlying movement? There are correlations between the different correlations, and trying to filter for that seems rough. Although maybe this is a known thing, I'm still pretty green to Forex - someone please enlighten me if so! I might have to look into this more statistically, but it would be pretty complex to analyze quantitatively, so for now I'm going with my gut and just taking a few of the "best" trades out of the handful.
Overall, I'm really glad I went further on this. The boosting of the B/E strategies makes me trust my calculations on those more since they aren't so far from the passive management like they were with the raw data, and that really had me wondering what I did wrong.

What I will trade

Putting all this together, I am going to attempt to trade the following(demo for a bit to make sure I have the hang of it, then for keeps):
Looking at the data for these rules, test results are:
I'll be sure to let everyone know how it goes!

Other Technical Details

Raw Data

Here's the spreadsheet for anyone that'd like it. (EDIT: Updated some of the setups from the last few days that have fully played out now. I also noticed a few typos, but nothing major that would change the overall outcomes. Regardless, I am currently reviewing every trade to ensure they are accurate.UPDATE: Finally all done. Very few corrections, no change to results.)
I have some explanatory notes below to help everyone else understand the spiraled labyrinth of a mind that put the spreadsheet together.

Insanely detailed spreadsheet notes

For you real nerds out there. Here's an explanation of what each column means:

Pairs

  1. AUD/CAD
  2. AUD/CHF
  3. AUD/JPY
  4. AUD/NZD
  5. AUD/USD
  6. CAD/CHF
  7. CAD/JPY
  8. CHF/JPY
  9. EUAUD
  10. EUCAD
  11. EUCHF
  12. EUGBP
  13. EUJPY
  14. EUNZD
  15. EUUSD
  16. GBP/AUD
  17. GBP/CAD
  18. GBP/CHF
  19. GBP/JPY
  20. GBP/NZD
  21. GBP/USD
  22. NZD/CAD
  23. NZD/CHF
  24. NZD/JPY
  25. NZD/USD
  26. USD/CAD
  27. USD/CHF
  28. USD/JPY

TL;DR

Based on the reasonable rules I discovered in this backtest:

Demo Trading Results

Since this post, I started demo trading this system assuming a 5k capital base and risking ~1% per trade. I've added the details to my spreadsheet for anyone interested. The results are pretty similar to the backtest when you consider real-life conditions/timing are a bit different. I missed some trades due to life(work, out of the house, etc), so that brought my total # of trades and thus overall profit down, but the winrate is nearly identical. I also closed a few trades early due to various reasons(not liking the price action, seeing support/resistance emerge, etc).
A quick note is that TD's paper trade system fills at the mid price for both stop and limit orders, so I had to subtract the spread from the raw trade values to get the true profit/loss amount for each trade.
I'm heading out of town next week, then after that it'll be time to take this sucker live!

Live Trading Results

I started live-trading this system on 8/10, and almost immediately had a string of losses much longer than either my backtest or demo period. Murphy's law huh? Anyways, that has me spooked so I'm doing a longer backtest before I start risking more real money. It's going to take me a little while due to the volume of trades, but I'll likely make a new post once I feel comfortable with that and start live trading again.
submitted by ForexBorex to Forex [link] [comments]

eToro: impressions, doubts and (ignored) lessons from copy trading

(no promotional content, no affiliate links)
Hi,
exactly four years ago, I started copying eToro investors / traders that I selected using the broker's built-in search engine (profitable in last two years, already being copied by others), followed by manual filtering, to take into account fluctuations in yearly returns, composition of their portfolios etc. With that, I got a list of 10 people whom I started to copy on a demo account:
https://drive.google.com/file/d/1u52f0XHfr-LauIscKcFDYF0yGTTUr6VY/view?usp=sharing
In the screenshot you can see that in case of the first two of them the amount invested was $10,000, while for the rest it was just $100. This is because I started copying the first two a couple of weeks earlier; eventually I changed this into $100 the same day I made the screenshot and this is when my calculations start - so this thing is irrelevant, I just cannot travel in time to make another screenshot.
What I did after that?
Well, within the next six weeks my profits oscillated between -$11 and +$9.50 (the biggest profit was on Nov 9, a day after US presidential elections). I found this "boring" and discontinued experimenting with copy trading.
Today I looked back at those ten traders. Here is what I found. Firstly, seven of them are not with eToro anymore; investorNo1, Simple-Stock-Mkt, tradingrelax, 4exPirate, primit, Gallojack, xjurokx. The other three traders are:
My observations and thoughts are as follows:
  1. Seven out of ten traders are not with eToro anymore, which makes me wonder why. I have no proof but my guess is they simply performed poorly, lost their copiers and closed their accounts. This is already alarming but what if they opened another account? Or, even worse, multiple accounts? They could be investing small money and try different risky approaches, hoping that at least one account will turn out profitable in the long turn, attracting potential copiers. (I'm not claiming that those 7 particular traders did this, it's just my general suspicion regarding some of eToro traders)
  2. I'm unable to calculate what would be my profit if I never stopped copying them, because I cannot check at what day and with what profit those seven traders left eToro. I'm guessing this would be an immense loss. On the other hand, considering the three traders who are still with eToro, I would lose more than a quarter of my assets!
What now?
I must be a quite adventurous person or at least an incorrigible optimist, because a month ago (exactly on Aug 26th) I started copying three traders with real money. Here is who they are.
rubymza (Heloise Greeff)

OlivierDanvel (Olivier Jean Andre Danvel)

rayvahey (Raymond Noel Vahey)
What was my strategy to hand-pick these particular traders? First I did some basic scanning using eToro's built-in search engine. The most important filter was that the trader was profitable within the last two years: unfortunately, eToro does not allow to reach details of earlier performance automatically. To know how the trader performed before 2019, I had to look at stats in the profile of each of them. I was also taking into account how often they trade (to avoid those who do only a couple of trades yearly), whether they were trading recently and whether they write posts regularly in their feed. With this, I got a list of fifteen candidates to copy:
As you already know, I finally chose three of them. Rubymza seemed to be the most trustworthy stock trader, based on profits, posts feed and regular trading, among other things. Regarding OlivierDanvel, his uniqueness is the ability to record continuous profits with the Forex market. Finally, with rayvahey I wanted to increase my exposure to the commodities market.
Wish me good luck!
Michael

P.S.
You might find those copy-trading related readings interesting:

Disclosures:
submitted by investing-scientist2 to StockMarket [link] [comments]

What is this forex instagram trading scam?

Anyone who fell for the forex trading scam, im wondering specifically what is in it for the scammers? How does it work?
I fell for the Cut co scam and I figured out whats going on behind the scenes, or at least I think I did.
Those people don’t actually give a shit if you sell the knives or not.. if they wanted to sell knives they would hire real salesman.. they care about the fact that you give them the name, phone number, and email address of everyone that you do the “knife sale demo” to... because they can sell that information to other businesses for tons of money.. that and they just try to get you to push and manipulate friends and family into buying a 1,000 dollar set of fucking knives.
At least thats what ive been able to figure out from my one week “working” with them..
So given that information, I just cannot seem to figure out what the “scam” is in this forex bullshit.. because I dont think you do actual presentations where you gather information from idiots..
Forex in itself is a real thing and if you treat it like any other type of investing there is a real way to make money, HOWEVER listening to other 20 year olds tell you about how you can become a millionaire overnight is a pretty great tell that its all bullshit..
So my question is, has anyone been able to figure out whats really going on behind the scenes?
Is it market manipulation? (Ie. jordan Belfort type pumping and dumping)
Or is it just giving people a program on the trading platform to make halfway decent trades and taking a cut of the money you make?
submitted by kaptainSteez to TooAfraidToAsk [link] [comments]

Thinking of forex trading.

Hello all, I've been forex trading on a practice account on 212 while I've been watching some YouTube videos and reading various little bits of information on forex trading.
I've managed in two days to turn a 54k profit off the practice account and I have 6 trades I'm waiting to turnover, and all the purchases are limited units so they're usually around £300-£1000 gbp and I make a fair profit from these trades. Now my main question is because I can afford to risk roughly that amount, and I've always managed to absorb my losses comfortably with my wins is it worth taking the plunge.
I wanted to know if anyone else had seen this type of success on a practice account in such a small time, and if so did they carry this onto real money and trades.
I have a skeleton strategy I'm refining, and I'm looking at trends and variables at various time frames for the particular currencies I trade. But I'm getting to the point mentally where its like maybe it's worth the risk, and even if I buy at a bad time and it down sloaps, I know the market will eventually bounce back I don't mind riding a trade out till it turnsover.
Any input would be appreciated, and if you're going to be negative that's fine but at least be constructive about it.
Ps. No my strategy isn't from the YouTube video.
submitted by GOD-ORIGINS93 to Forex [link] [comments]

Copy trading with eToro: impressions, doubts and (ignored) lessons

(no promotional content, no affiliate links)
Hi,
exactly four years ago, I started copying eToro investors / traders that I selected using the broker's built-in search engine (profitable in last two years, already being copied by others), followed by manual filtering, to take into account fluctuations in yearly returns, composition of their portfolios etc. With that, I got a list of 10 people whom I started to copy on a demo account:
https://drive.google.com/file/d/1u52f0XHfr-LauIscKcFDYF0yGTTUr6VY/view?usp=sharing
In the screenshot you can see that in case of the first two of them the amount invested was $10,000, while for the rest it was just $100. This is because I started copying the first two a couple of weeks earlier; eventually I changed this into $100 the same day I made the screenshot and this is when my calculations start - so this thing is irrelevant, I just cannot travel in time to make another screenshot.
What I did after that?
Well, within the next six weeks my profits oscillated between -$11 and +$9.50 (the biggest profit was on Nov 9, a day after US presidential elections). I found this "boring" and discontinued experimenting with copy trading.
Today I looked back at those ten traders. Here is what I found. Firstly, seven of them are not with eToro anymore; investorNo1, Simple-Stock-Mkt, tradingrelax, 4exPirate, primit, Gallojack, xjurokx. The other three traders are:
My observations and thoughts are as follows:
  1. Seven out of ten traders are not with eToro anymore, which makes me wonder why. I have no proof but my guess is they simply performed poorly, lost their copiers and closed their accounts. This is already alarming but what if they opened another account? Or, even worse, multiple accounts? They could be investing small money and try different risky approaches, hoping that at least one account will turn out profitable in the long turn, attracting potential copiers. (I'm not claiming that those 7 particular traders did this, it's just my general suspicion regarding some of eToro traders)
  2. I'm unable to calculate what would be my profit if I never stopped copying them, because I cannot check at what day and with what profit those seven traders left eToro. I'm guessing this would be an immense loss. On the other hand, considering the three traders who are still with eToro, I would lose more than a quarter of my assets!
What now?
I must be a quite adventurous person or at least an incorrigible optimist, because a month ago (exactly on Aug 26th) I started copying three traders with real money. Here is who they are.
rubymza (Heloise Greeff)

OlivierDanvel (Olivier Jean Andre Danvel)

rayvahey (Raymond Noel Vahey)
What was my strategy to hand-pick these particular traders? First I did some basic scanning using eToro's built-in search engine. The most important filter was that the trader was profitable within the last two years: unfortunately, eToro does not allow to reach details of earlier performance automatically. To know how the trader performed before 2019, I had to look at stats in the profile of each of them. I was also taking into account how often they trade (to avoid those who do only a couple of trades yearly), whether they were trading recently and whether they write posts regularly in their feed. With this, I got a list of fifteen candidates to copy:
As you already know, I finally chose three of them. Rubymza seemed to be the most trustworthy stock trader, based on profits, posts feed and regular trading, among other things. Regarding OlivierDanvel, his uniqueness is the ability to record continuous profits with the Forex market. Finally, with rayvahey I wanted to increase my exposure to the commodities market.
Wish me good luck!
Michael

P.S.
You might find those copy-trading related readings interesting:

Disclosures:
submitted by investing-scientist2 to InvestmentClub [link] [comments]

My Story

Hello everyone Im a longtime lurker and decide to post my story on my second account. Im 21 (m) and just like most of the people on this sub I’m a also virgin but I don’t see myself as a loser because of that. I have been offered by people to lose my card but I choose to reject their offer because of age or because I ain’t feeling it from the person offering it. Idk I’m the type of person that wants to have an emotional connection with someone rather than a sexual one.
Alright, So I come from an Hispanic Immigrant Family and I am part of the first generation to be born in the United States and first to go to college from my family (including cousins). And before I was born my destiny was set in stone as I would have the responsibility to carry my family out of poverty and into the lime light. With this my happiness was pushed aside and I was pushed to become a great student so our future would look bright but unfortunately along the way my knees buckled along the way as I was moving towards that goal.
So I guess I should explain my situation which all starts with my family situation. My parents are people who were too immature and not ready to have kids and unfortunately I was the first and that meant I was the test subject for them. Now I don’t hate myself or anything in general really but I hate my Dad in fact I hate my own name because it reminds me of him (I’m jr he’s sr) and I hate that because he was the cause for so much physical abuse and I’m not talking about the stereotypical sandal moment, I’m talking about getting a toy firetruck smashed on your head. Meanwhile on the other side I was subject to emotional abuse from my mom which was due to the shitty relationship they had and I was the stress outlet for both of them.
People do grow though and change along the way but I’m just too detached to them that I don’t want reconcile or continue to move forward with them. As said before I was the test subjest because by the second they improved and by the third they cracked the puzzle and finally succeeded at parenting. The thing is I am kinda jealous of my brother and sister on how they were treated and how they were able to relax and nothing was really expected of them. Which in turn has made detached from them because I have nothing in common with them but being born from the same person. Nor do I expected them to help with what was thrusted upon me one thinks shes hard and the other is lazy and cant read at all despite being in 8th grade. But besides that fact in all honesty I don’t see them as family but more as people I just live with. With my family situation in the gutter it basically set the foundation for the state of my mental health.
My mental health started becoming apparent in high school around sophomore year when I started to suffer from a lack of motivation when it came to moving forward with my life. It eventually escalated as time went on and it got was worse especially after high school. Because after high school I started getting some of my old memories pop up randomly and they were all about how I was treated as kid. None of them were pleasant memories such as the firetruck incident and all the physical and emotional abuse from my past. Which in turn brought me to an existential crisis as I questioned what I was working towards and this is where my knees started buckling and succumbed to the weight of the stress and responsibility thrusted upon me without my consent and I was left wondering why am I fighting for people I never really cared about or had my best interest. So while I was dealing with all this I was trying to deal with my depression which was by focusing on something no matter how small it was.
Which brings me to the light at the end of the tunnel which was Wrestling and I fell in love the moment I saw it for the first time because of the story telling aspect of it. I never understood someone’s passion for being an accountant, a manager or etc until I compared to my love for wrestling. Not only that but I don’t see it as just a sport but as a way out because it was the only thing that was able to keep me going. No matter how far I go back wrestling was always a part of my fun childhood moments unfortunately. Wether it be playing with my friends, or watching it on tv.
As time went on I even eventually got tired of watching it and wanted to be apart of it and wanted to make a career but their is no money to be made when starting out. So I gave up and decided to go to school and I am currently one year and a half from graduating but I just couldn’t take it anymore, because I wasn’t able to get internships and it wasn’t something I could see myself doing for the rest of my life. So on News Years some shit went down and I decided that 2020 would be the year that I would be happy by taking the steps necessary to focus on wrestling but unfortunately Covid hit so I couldn’t pursue that and eventually I stopped working out and just let everything go and pass me by as I shut myself in my room and only go out to work. Which leads to where I am now.
But before that I kept on mentioning an event that happened on News Years and that was where we went to visit my cousins in arizona and from their we went to Flagstaff where it snows and I was at awe because I just love the snow since I’m from California I don’t get too see much of it. Along the way back my mom was complaining the whole time as she wanted to go back home instead of Flagstaff and kept at it for the whole trip including insults and stuff about our cousins. It got bad to a point where I just wanted to jump out the car but since I was driving I didn’t want to take anyone’s else’s life with me nor did I want to cause a car crash as I was on the freeway. We went to eat later that day and she just kept at it and while I was their I went to the bathroom and broke down as I was praying for someone to save me and looking for a way to end my life. Instead of that I gave myself an ultimatum and that was if I don’t change my position in life by the end of 2020 I would unfortunately bite the bullet because I just need a Way Out of this place/situation I’m in.
I’m doing this ultimatum because I’m hoping it will motivate me to continue moving forward. Its currently august and I have payed of my debts, dropped out of school (hated my major), quit my job and got another one (thinking about quitting my new job), and I picked up forex in hopes of making money that way. With 4 months left on my ultimatum it seems like I haven’t done much but it’s whatever.
The thing is people have the impression that if you talk about your problems you will magically be saved but I could talk to someone about my problems for days but the thing is I don’t need to talk about my problems what I need is a way out of my current position in life and I have thought about spending a month in Japan just exploring and spending my last month alive their but Covid unfortunately came along and ruined what hope I did have if I were able to describe my situation in a song it would be the song Maze by Juice WRLD and the song Come back to Earth by Mac Miller.
The things is if I die I’m gonna miss trivial things like not being able to see the ending of Attack on Titan, Solo Leveling, My Hero Academia, Wings, McDonalds, In-n-out, Pizza, Food/Anime/Wrestling in general, the new music I’m gonna miss or even seeing what path my little cousin is going to take as he grows up. And Depending on what I choose to do moving forward I will try to update you guys with my progress and if I don’t then I guess I bite the bullet. Anyways thanks for reading my story feels more like a Memoir but I just wanted to get this of my chest.
SideNote: Also sorry for it being so long but this is just the surface theirs actually a lot more I could go into detail but I went on long on enough.
submitted by PT_K to depression [link] [comments]

I did it.

12 years of disciplined boring investing almost all in SPY and later VOO and I am a millionaire in my late thirties.
900k from index funds and 200k from real estate.
Started with zero. No inheritance. Separate money from my wife (not counting her assets or contributions). Made mid five to low six figures income the whole time. One kid... now two.
edit 1
I actually did not thing anyone would respond to this but a lot of people did. Some asked for proof. Here it is. Omitting real estate holdings. https://imgur.com/a/zI9UWJa
Also including credit report - no debt outside a used car loan because I will not pay cash when I get money at 3.49%.
Edit 2
People asked for more details.
At a high level I have been investing / studying markets since I was very young. I tried everything (internet stocks, FOREX, Options, Futures, small caps etc) coupled with fundamental and technical analysis. Did OK, even won second place in a trading contest but never got what I wanted.
Like many people I made bad decisions and had divorce, job loss, etc. Even had to close out an IRA in my twenties.
Ended up turning to a disciplined index fund strategy about 12 years ago.
Strategy was to max out 401k and live below my means (old car, no cable tv, make my own food, etc). At the end of each month swept all my pennies into an after tax fund since my 401k was maxed. That is it. Make your own coffee and buy VOO or SPY ideally in a tax advantaged account.
I road this through the 2008/2009 crash - kept my investments and bought more.
I also have small (like 5% of my money) in Bitcoin, Tesla and Pot stocks. This is purely for fun.
A couple people mentioned this was just luck. I think it is important to understand the market will move up, retrace, consolidate and then move higher. The timing of this is somewhat luck. The strategy part is live below your means, buy and accumulate positions for years so when a bull market hits you are in. I guess you can call each runup "luck" except people keep living in debt no matter what their income. I would much prefer people take away an investment strategy that does work if you are a disciplined from someone not born rich and who tried a lot of different strategies.
The takeaway really is with education and discipline you can reach a level of financial independence even after many screwups. I can publish this simple system and honestly few will follow it... There are no ads, systems to buy or affiliate links. I make zero dollars sharing this. I make my own coffee and watch netflix. I invest the rest in index funds. Take a trip or buy something if it really is important to me. That is it.
Edit 3
People asked what is next. Teach my six year old and newborn savings and investing. Opening a ROTH* for the 6 year old and custodial brokerage account for the new addition. They will have millions as a safety net at retirement. They will now know about this money and will need to find their own path in life.
Staying in the market, if it crashes I will buy more.
Stating in until I reach 5-10 million. Don't need the money for a long time...
submitted by ControlPlusZ to investing [link] [comments]

Surge of New Forex Traders? Read this!

I've noticed that about 2,000 people have joined the Forex community in the recent weeks. Has anyone else noticed this? I suspect this is because of the lay offs due to the corona virus, and people are frantically looking for ways to supplement their incomes. While I'm glad that people are trying to better themselves and take control of their financial situations, I have to admit that the daily "newbie" questions are getting quite annoying. And it's not because there are new, inexperienced traders asking for help, but it's because the questions are more-less the same questions. I know there is a pinned "New Traders" section at the top of the thread, but it seems it isn't catching much traction.
But first, to the new traders I'd first like to say:

Welcome! This will be a tough journey, but it will pay in dividends (not literally).
A couple tips before we start:
FIRST, see the pinned New Traders section of Forex
SECOND, go to babypips and take their FREE courses where you will learn the basics. I never did because I'm an idiot, and it took me many years of trial and error to succeed in this game. Don't be a lemon like me, go to babypips.
Now my basics;
Always have at least a 1:2 Risk:Reward. Simply put, risk at least $1 for $2.
Always set a stop loss and take profit.
In the beginning, I find it best to give new traders a black or white, go-or-no-go trading strategy. Trade mechanically. While discretionary trading is profitable, you need years of experience and time in the charts to be good at it. It could be something like, "I only trade low volatility break outs on the 4hr. Any candle below x ATR and I will enter via stop order at the high/low of that candle. My sl will be at the high/low of the entry candle, and I will look to make at least 2 reward on that trade. I will risk 1% per trade, even on demo, and I will trade in the direction of a 10 period moving average" This is a VERY crude strategy, one I just pulled out of my ass, so don't go using it and blowing your accounts!
I recommend starting with 1 pair in the beginning, at MOST 3. And I recommend not swapping into different pairs. Keep those 1-3 pairs.
Once babypips is completed, demo trade. Put time in the charts and develop a strategy (mechanically, preferably). Your strategy could be as complex or as simple as you like. Simplicity is genius in my opinion, but you do you. I'm not trying to sound like an ass, but everything you really needed to learn you learned from babypips.
With that said, DO NOT pay for courses from ANYONE. They will often know the same as you, if not less. In my opinion to be really great in this game you don't need a lot of information., and capitalize on every opportunity. You just need to be really good at one style and max that the hell out. For instance, being really good at low volatility breakouts, and having a system based off that. No amount of schooling (high school, college, or courses via Forex gurus) will make you successful. It's one thing to know a strategy, but to implement it in real time with real consequences is daunting. The only way to conquer this is to simply do it. Trade.
Trade with an amount of money you can emotionally and financially afford to lose! I would even recommend starting a live account with $50 and only trading micro lots (0.01) until you become comfortable and your strategy proves successful. This is AFTER demo trading your strategy.
Master yourself before you master the markets. Work out. Feed your brain. Get enough sleep. The money you make or lose isn't worth your health.
Psychology. In my opinion the best psychology you can have while trading is a form of stoicism. You've placed your trade based off your strategy, you managed your trade based off your strategy, and you risked an amount you've told yourself you were comfortable losing with an account you told yourself you were comfortable blowing, so what's the worry? Why the second guessing? Everyone's heard that story, right? Where a man goes to a successful "guru" and says he wants to be successful. The guru says, "Ok. Show up at the beach this time tomorrow." The man shows up at the beach in a suit and tie, ready for success! The guru tells him to get in the water. Once in, the guru holds the mans head under the water, drowning him. At the last second the guru lets him up and says, "once you want success as much you wanted to breathe, you'll be successful. That's what you need to be like. You need to be willing to do what is necessary and put in the work. It's not easy. You're going to lose money, maybe even blow accounts. You may struggle for years without a return, or even lose money over that time. How bad do you want it success, though? And are you willing to drown to attain it?
Best of luck new traders!
Experienced traders, please feel free to add things or tell me I'm a goof in the comments.
submitted by SandfordKing to Forex [link] [comments]

IM Academy (Formally known as iMarketlive)

Hello.
There have been both positive and negative comments about IM Academy. Some people believe it's a pyramid scheme while others believe it's the real deal.
I'm here to give my thoughts on what I have experienced since joining IM Academy. Since day one, there has been nothing but support and motivation from every individual I have come in contact with. In our group, we have over 2000 members. I am learning A LOT about FOREX, HFX, DCX, how to be an IBO (Independent Business Owner) and more!
Do they promote? YES, they do promote the EDUCATION, the SKILL SET, the TRAININGS, the WEBINARS, SUPPORTING not just your team, but others, they promote having a positive MIND SET and reaching out to your MENTORS! They encourage you to inform others of these opportunities in the same way you would inform others of your favorite TV Show, restaurant, sports team, your favorite drink, etc. Do you HAVE to inform others of this life changing skill set that can possibly enhance not only your finances, but your way of life? NO, you do NOT HAVE to say one word about it.
The only difference between them encouraging you to tell others about the Academy, the MILLIONAIRE skills you LEARN as you EARN vs. talking about your favorite eatery is that in doing so you have the opportunity to gain residual income. For those who do not know what Residual Income is: simply put, you are able to have an additional stream of income. Who would not want to have an additional stream of income just by simply telling others what you do and they decide to join your team? All you are doing is telling someone about the opportunity to join IM Academy to learn the same skills used by Millionaires! It's up them to decide if they would like to take advantage of the opportunity or not.
There are several individuals who are making 6, 7 and even 8 figures by using the skill set and/or telling someone else of this opportunity. Some of these individuals are just like you and me and some are the Educators which we do have over 100 of. They offer LIVE TRAININGS where you can ask them questions right then and there if need be.
I have read some comments about how you can find this information on YouTube or other online platforms. Maybe you can, BUT it will NOT be well put together, it may not be as accurate and will you have access to Mentors including Millionaire mentors whenever you need help with something like you do with IM Academy?
I've also heard people have said, if you only invest $50 into your account once you get started, it will be gone in no time. More than likely, people who make these comments did NOT attend the trainings and they did NOT use proper risk management. We have SEVERAL trainings through the week and one of the most important training is called the TRADING Plan! This plan teaches you exactly how NOT to over leverage your account. It also teaches you how much to risk for your account size, knowing this will let you know how many trades per a day you can take. If you do exactly what you are taught, your account will not go negative and you would not be posting angry comments about how IM Academy is not what it says it is. Not only do we have trainings by our peers that teach you this, but we also learn this in the Academy Education with the Educators.
Simple Run Down:
Have you ever opened a Bank Account and they had you filled out all these forms that had a bunch of big fancy terminology on them? Well, that fancy terminology means, you are agreeing to allow the banks to invest YOUR money for you. In turn they give you 1% or LESS within a certain amount of MONTHS or even YEARS! You see, what they are doing is investing YOUR money in the FOREX market. They basically flip YOUR funds into profit within a matter of a few days to a few MINUTES and give you the PENNIES of what they made from YOUR money.
Did you know according to glassdoor.com, the national average for a FOREX Trader at a BANK makes around $92,327 a year. To most people that is a LOT of money, but what if I told you they have actually learned a skill that can allow them to make that in a MONTH or LESS? How would YOU like to learn how to do the SAME THING!
This is a financially life changing skill that you can learn to possibly have a better life! You Do NOT need to have experience. You DO NOT need to talk to other people to join YOUR team. This is NOT a SCAM, it is not a GET RICH QUICK solution, but you can become wealthy if you learn and put those skills to use. ANYONE can do this! I do NOT care if you did not graduate High School, if you are a Janitorial Custodian, an Exotic Dancer or a Multi-Millionaire who is looking to gain even more income. You are NOT ALONE with IM Academy. WE are in this together!
What is FOREX? It is simple the Foreign Exchange Market. It is much bigger than the Stock Market, as FOREX is worldwide and trades over $5 Trillion daily! Yes, you read that right, over $5 TRILLION daily! I think there is enough for you to get a piece of the pie.
What is HFX? HFX stands for High Frequency Forex also known as Binary Options. You can buy and sell within a matter of minutes. Which means you can gain profits or lose within 1 to 30 minutes on average. YES, that's right! You do have the possibility of increasing your funds with HFX in as little as 1 minute! BUT, DISCLAIMER: We do NOT recommend you doing this type of trade on your own. With our Academy we have highly skilled Educators who will teach you THEIR technique. Yes, that's right, we have Millionaire Educators who created their own program and will teach you how to use it in order to get significant profits with HFX.
What is DCX? DCX is Cryptocurrency, such as your Bitcoin, Litecoin, Ethereum, Ripple and more! Remember, the guy who purchased a home with Bitcoin several years ago? Well, today it's becoming a lot more popular. People are able to purchase several types of assets using Cryptocurrency, especially since over 10,000 retailers are now accepting Cryptocurrency as payment. Oh, did I forget to mention The Federal Reserve Bank of Boston is working with the Massachusetts Institute of Technology (MIT) to develop a "hypothetical" digital currency platform. Now, ask yourself, why would the Federal Reserve Bank "hypothetically" create a digital currency platform? Why would they "hypothetical" spend MILLIONS of dollars in creating a "hypothetical" anything?
Bottom line for me is, our world has and is continuing to change. When I was a child, I only saw self driving cars, smart homes, weird types of currencies being used in movies. Look around, what do you see in real life today?
I am not trying to convince you to join me and my team so that I can have residual income. I am giving you vital information to possible help secure your future. FOREX is exchanging over $5 Trillion dollars EVERY SINGLE DAY! Me, YOU, YOUR families, YOUR friends have the opportunity to get in NOW on skills that eventually everyone will have to learn at some point in their lives. You might as well do it NOW, go at your own pace, so you do NOT have to rush to figure it out later.
I sure hope this answered your questions. If you have more questions or would like to know more information, PLEASE respond to me here or send me an e-mail, [email protected].
submitted by Neat-Impact-5088 to u/Neat-Impact-5088 [link] [comments]

Primer on Binary Options Recovery

Primer on Binary Options Recovery
A binary option is a financial option wherein the payoff is particular fixed money or nothing at all. There are mainly two types of binary options cash-or-nothing and asset-or-nothing binary options. The cash-or-nothing binary option pays some fixed amount of cash if the option expires “in the money.”
The asset-or-nothing binary option, however, only pays the value of the underlying securities. This option makes many people quickly lose money trading binary options. So what happens when you have lost money trading binary options?
Recover from Binary Options How to Recover from Binary Options Lost or Scam with a Verified Recovery Expert.
Have you been enticed to get entangled in trading binary options? Have you had any bad experience with binary options? Are you a victim of the famous binary options scam?
“How do you recover from binary options scam?”
It happens to lots of people, even professional, educated people and the elite. If you get swindled, the first thing to do is not to beat yourself up over it but act fast. More importantly, suicide is not an option, and we can always heal and recover from our loses once there is life.
An unfortunate story of an Australian man who got himself entangled in binary options lost a lot of money and had the third mortgage on his house with a lot of other debts. And then he ended his life.
There are a lot of somber stories of people who have lost it all to binary options and have no clue how to recover from binary options schemes and fake brokers.
Firstly it goes without saying, it’s better to prevent, investigating the business and doing background checks is very necessary before any investment. Here are some tips to help you.
  1. When investing, do proper research and make sure the broker you are working with has an appropriate regulation and licenses like ASIC, FCA, CySEC, CFTC, BaFIN, or other government regulators.
  2. Always make sure you don’t invest all of your money.
  3. Get wealthy quick programs are bound to lose more money, don’t fall for investments of such.
  4. Learn and do more research about the financial option you are planning to invest.
  5. Listening to your broker is another mistake, as they have lost peoples money in many instances, the reverse of a brokers advice might be doing you better.
  6. Check out the platform and use all their demo till you are skilled and never agree to add funds in a rush.
A lot of people have their first experience with binary options through a scam. Binary options trading scams are widespread, and recovering from binary options schemes might be very hard but not impossible. The binary options industry is steadily misused, and many scammers and thieves get away with a lot due to slack regulatory laws, shallow knowledge and negligence of victims. There are fake review websites that support and endorse these scams, so for a person with no trading experience, it is almost impossible to find the right path.
A lot of people are getting duped and losing their money to these schemes. They have assured an income, but in actuality, they take their money and lose it deliberately.
https://preview.redd.it/y9y274olp2j51.png?width=601&format=png&auto=webp&s=7e2f7c4667ae31cc5011c6a88713b111e14575b0
What to do if Scammed by Binary Options? The web has a lot of fraudulent binary options brokers. So once you realize you have been a victim of the scam, don’t panic! You will most likely go through guilting yourself and emotional distress. Your first step is to file a complaint to the customer services team. Always remember the risks involves in the trades, you can lose money as well as gain as much too. If you lose money or get scammed, you will be reminded of the risks.
Documenting all that has happened is very important. The world would be better if we did not have thieves and people who create scams aiming to steal from us. The best move anyone can make is to educate themselves about possible scams and the way they work because they are everywhere and to be intelligent in the decisions made by them and the information they provide.
These Con artists have found binary options a simple system to use their system to strip the money of unsuspecting casualties. This write-up will focus on educating you, on binary options scams and binary options scammers. If you have ever lost money to binary options, check for links below to hire a recovery organization to help you get your money back. Binary options investing can be an excellent way to make more money without having to do much, but when you are dealing with the wrong people, it can be a quick way to lose a massive amount of money. We believe when you are done reading this article, you will be able to determine the differences between reliable binary options systems and the scam artists.
Don’t forget that you must file a complaint to customer services of the respective platform you used, and it is the first thing to do when you feel spooked. All regulatory bodies have their procedure and steps, and they will also ask if you have filed a complaint. In few countries, it is required legally that the company gives you a case number which you can then use to file a complaint to securities and exchange commission.
It is also essential contacting your credit card company and bank fast so they can provide solutions such as chargeback for you. If you find that you get stranded and need help then get it to contact with a recovery expert, and your best bet is Assured Recover. They will undoubtedly be able to help recover all lost funds.
Also, be very careful with recovery rooms as they can even scam you as an easy vulnerable target.
Recover Losses made to Binary Options with Verified Recovery Experts. A few recovery companies that focus on lost funds and wealth recovery internationally. Some legitimate companies also claim they can help, but since there isn’t much of a right side to this, they usually fall short of their promise and client’s expectations.
Some chargeback companies offer a service to help, and some may be able to help. A significant number of people who have lost money to fake binary options companies like IQ options, VIPBinary, 24option, and other fraudulent binary options trading platforms/companies that have bad reviews and been accused of scams. Assured Recover has successfully helped customers who were scammed and to get their money back.
Here is a testimony how Assured Recover helped someone who got scammed by Trade Toro.
One wouldn’t think much of this, all I wanted to do was invest and be part of it, but the brokers weren’t truthful. They collected money from all in the name of investment, and when it was time to withdraw, I realized I couldn’t. At the time was when it occurred to me, I had been duped.
I consider myself to be one of the very few privileged ones as I was able to get all recovered from this scam Binary options brokers. Assured Recover is simply the best, and in less than 30 days all my funds including bonuses had been recovered, If your broker lost your funds trading Binary options, one of these verified recovery experts will help you get your funds back without any traces.
I’m pleased to let people know how I was able to recover part the money that I got cheated by Trade Toro, and I’d like to write in favor of Assured Recover. Assured Recover is your best bet when it comes to binary options recovery.
Binary options trading scams will make you lose money and also make you blame yourself for not being more careful. These Verified Recovery Experts offer binary options loss recovery service to everyone in need of such services. Here is the link to the original article, and how to recover money lost to binary options, forex, cryptocurrency etc.
submitted by Msatikul54 to u/Msatikul54 [link] [comments]

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