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InformedTrades Founder
Simit Patel
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Last Activity: Today 07:48 AM
Contact Info
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My Badges
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Name: InformedTrades Heroes This badge is awarded to members who have repeatedly gone above and beyond the call of duty in their service to the mission statement. To be eligible for this badge, members must have at least 1,000 posts, and must have repeatedly shared their knowledge and helped traders learn. When a member requests a badge, existing Heroes have the right to veto. Should the majority of active heroes veto, the badge will not be awarded. Otherwise, issuance of this badge will be in the hands of InformedTrades Founders and Hosts. Members with this badge will be eligible to trade live accounts funded by InformedTrades LLC. |
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Name: Investor 2.0 This badge is awarded to those who have successfully completed the Investor 2.0 Quest. |
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Name: Lesson Contributor This award is given to any member who contributes a lesson that is added to InformedTrades University. This badge comes with an award of 50 IP. |
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Name: Course Contributor Awarded to any member who contributes an entire course to our community. This badge is a pre-requisite for members to become InformedTrades Pros. Members with this badge are eligible to trade live accounts funded by InformedTrades LLC. |
Blog
View Simit Patel's BlogRecent Entries
Latest Blog Entry
Posted in Uncategorized

I used to be just like you.
I looked around at all the "professional" investors who did things like buy single stocks because they thought the company had a good product and its prospects for future earnings were promising.
LOL! Silly, right? As if future profits have anything to do with whether or not this is going to be a good trade!
I just stuck to my charts. Simple chart patterns, moving averages....maybe some Fibonacci or RSI if...
Posted in Uncategorized
I don't like to close out my long gold positions unless the evidence for bearishness is too much. The reason for this is viewpoint is that the global economy and the global political situation is too panic prone at the moment; anything could set it off (dubai crash, greek sovereign debt crisis, spain sovereign debt crisis, alleged terrorism, etc). If the right panic happens, you can forget the charts, gold will soar.
However, as US money supply is currently deflationary,...
Posted in Uncategorized
I'm in the process of adjusting my overall exposure to the market, which I'll blog more about shortly. Gold is the centerpiece of my overall approach.
I'm going to buy more gold now, although I'll keep a fairly close eye on this. If we break below these trendlines, I'll be out for a while. If we do break below these trendlines, I'll be more convinced that we're in for a repeat of some sorts of October 2008 -- US dollar rally, global equities fall. However, the sovereign debt crisis...
I'm going to buy more gold now, although I'll keep a fairly close eye on this. If we break below these trendlines, I'll be out for a while. If we do break below these trendlines, I'll be more convinced that we're in for a repeat of some sorts of October 2008 -- US dollar rally, global equities fall. However, the sovereign debt crisis...
Posted in Uncategorized
Posted in Uncategorized
I've just done a year end review of my trading account that I blog about here on InformedTrades. Here's a review of the key highlights:
1. I finished the year up 18.9%. The good news is that this was my best year ever, and that I'm making progress. Thanks to InformedTrades, of course!
2. There is still a lot of room for improvement to be made, of course. One particularly disappointing opportunity for me is the way I handled the USDCAD trade I was involved in for...
1. I finished the year up 18.9%. The good news is that this was my best year ever, and that I'm making progress. Thanks to InformedTrades, of course!
2. There is still a lot of room for improvement to be made, of course. One particularly disappointing opportunity for me is the way I handled the USDCAD trade I was involved in for...
Recent Comments
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Originally Posted by Ektrader
Nah, it wasn't unexpected...
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I'm getting the idea...
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Originally Posted by forexer
Today's down move was
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USD all the way!
Today's down move was...




























































