J_S If only I'd known, when I started trading, that the right way is to bet very small. Like many other suckers, I fell for the allure of easy...
Hi RN By my reckoning 1.8% per day = 1.018^240 = 72 = 7100% 36% per month = 1.36^12 = 40 = 3900% Whereas 1% per day = 1.01^240 = 10.89 = 989%...
Hi J_S Controlling your risk may keep you in the game longer but the OP made it sound like the "obvious" is a vastly superior...
Keeping it was never a problem for me because I never achieved a positive P&L. That's why I've spent countless hours pouring over this thread in...
Thanks RN. I did some reading and now grasp the distinction.
I think there are plenty of clues to that in this thread. ;)
No sweat RN. It was 6½ years ago after all. The market may be largely uncertain but not totally uncertain, otherwise everyone would be trading...
Ignoring how you set the levels for the moment... So, you draw a line on a chart. Let's say price is falling and it crosses the line. I imagine...
So, how do you get trade entry right from the start?
OK J_S, here is my thought process. The aim of trading is to make money. Not on every trade but to have a positive overall P&L. The obvious...
Indeed J_S. Some quotes from the OP about the "obvious": "The obvious is simple, and it is because it is so simple that 99.999% do not even stop...
BHASH/SLABL is about having the balls to get on a move that is already well established. To the majority of traders it will probably look...
For me, BHASH/SLABL feels like the right way to go. Follow the big money. I won't be day trading but trading on a bit longer time frame. I think...
Hi VO, There's an old saying "price is never too high to buy and never too low to sell" Of course, the more extended the move already the more...
I don't know where he gets his figures from, but this author claims the 90% majority of (FOREX) traders who lose are doing BLASH/SHABL. The 10%...
Thanks for dropping in RN. I've found your posts very thought provoking, which is why I highlighted them in the PDF I provided a link to earlier....
Following on from my previous post, I have a friend who started full time trading in 2008. Initially he lost quite a bit of money due to poor MM....
I'm still trying to figure it out myself, and I wouldn't want to lead anyone down the wrong path. I do have a question though. The majority of...
If anyone is interested, I created this PDF of the thread to make it easier to study. http://www.files.com/set/55e406a2750d6
I've been working my way through the thread and there are a lot of references to 90% and 10%. Is this just a coincidence?
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