This statement is deep. Takes years and experience to understand. Game recognize game.
Thanks everyone for your various thoughts on the topic. My initial ramblings can be distilled down to what we all know..there is no free lunch...
Most educators are not profitable or don't trade and I think we all agree on needing to show proof of profitablity. I trade a small account part...
I believe both can be successful in their own right with proper edge. Since trading styles are different, it will have to match that traders...
The same reason the army vet posted the pic is one of the very same reasons people in general make bad traders which is..incorrect preconceived...
Been pondering this for a while. Although it is well documented in freakonomics and other sources that our perception of risk is not good, those...
As someone who trades with the mentality of a pugilist, I endorse this comment!
Reduced profit expectations (Less is more)
Full agreement with this method
True..cause they really have no secret to begin with. Pump and dump is unfortunately an ongoing scheme, although I was referring to legit traders...
No imho. Knowing a successful strategy and executing it will still be mutually exclusive for most. The devil is in the details wrt the sum total...
From a business perspective, one can both be a successful trader and educator. It's a personal choice but there has to be hard evidence of...
Well not exactly pertaining to rules/parameters although I do not subscribe to set&forget stop loss philosophy. Mine is moreso based on a...
What about life span (instead of time frame) of trade assuming your bet is small with no stop loss (meaning you can let it go against for a wide...
I'm a little surprised at the results so far...and maybe "timeframe" might be confusing a bit but instead "lifespan of trade" may be a better...
Good point, but say theoretically (1) no stop loss is used (2) trade size is small and (3) a set R:R is not adhered too, meaning one is not...
True or False Any strategy can be profitable given the right time frame? When I review losing trades, its not so much the strategy was wrong but...
Thinking fast and slow - by Daniel Kahneman ..a popping eye opener for me. What was scary was realization we humans know way less about ourselves...
Use Inventory...it's just easier that way making adjustments to the trade. So deltas and cost basis will change on the "trade" (inventory of...
..on further thought, true and very rare! Same way people find religion only at rock bottom...never when they were on top.
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