So 100 pips for 350 pips. 2% risk for 7% gain. 0.05 lot means it's $100 per pip in your account. If it's 0.5 lot, then it's $10 per pip. Nice plan but check again the lot size... Net Profit / Loss = (Pip Value × Lot Size × Number of Pips) ...

Gold

The best statistics book is this one, but I don't recommend it for those with average math skills—it's the most technically difficult version. So, skip the technical parts and focus mainly on the conclusions. Enjoy reading real statistics. To become ...

Meditations on Extremistan - Nassim Taleb

To prove it, you try it 7 times. I've already tried it 7 times, just like I said. Is it clear? This context only for Gold. If u can try it more than 700 times it would be great stats for us all. Lel ...

Gold

Mediocristan Vs Extremistan Some good discussion url

Meditations on Extremistan - Nassim Taleb

Yes, then, the question is: e) where is your statistical edge? But 99% of traders here don’t have one—what exactly is there to measure or observe? That’s just it, even showing their results in demo or live, they feel ashamed. And we haven’t even ...

Gold

Not necessarily no; if the premise is that anything can happen, then bias is something that exists in our heads (a projection). I have to ask you: You see the most general picture, which is that the price is currently rising on the Weekly, but on ...

Gold

b. Stronger than last week, Weaker than past 4 weeks. Thats Logic

Gold

Pseudoscientific Scientism The problem with this forum is that very few traders are trained to properly interpret statistics or are used to using statistical data of the systems or methods as a guide to truth. All they know is that what they say ...

Meditations on Extremistan - Nassim Taleb

...unless you have insider information beforehand. Ability to sell and high class mutual information. Insider Trading. url

Meditations on Extremistan - Nassim Taleb

Even on demo accounts, everyone's afraid to be honest—let alone on live accounts. Lol Traders are even scared to show live demo results. This is not the same era anymore, Bro. I'm sure of it. They're ...

Gold

So I'll say it to you once again so you will understand How many percent are contained in 1 (from your Equity)? Or how many pips are contained in 1? Assuming we're trading Gold here, Got it? SL only 100 pips surely won't work easily. There will be ...

Gold

Okay. Wishing you a speedy recovery and full awareness, my friends.

Meditations on Extremistan - Nassim Taleb

It was recorded that the Bank of England spent 27 billion pounds to intervene in the weakening of the pound on Black Wednesday in 1991, some said that. So how did they buy (the mechanism and how much lot)? Soros and his associates aggressively sold ...

Maximum lot size question for all big players

So do you want to short, or have you already shorted? If not yet, when do you plan to short? What percentage is your risk if you're going to short, and what percentage is your target? If you can't say it in percentage, pips are fine too, and Price ...

Gold

Kid, you need to read this first: url before talking about win/loss rate only (assuming you're trading on MT4, or MT5 which requires specific statistical tracking tools). If you don’t have the stats, don’t just fart around — too much babble from ...

Gold

Simple Trading Philosophy 1. Can you produce a good trade today? Or a bad one? - Open trades Long or Short - Verify 2. How much risk are you taking (in percentage terms), and how much profit are you aiming for (also in percentage)? - Statistics - ...

Meditations on Extremistan - Nassim Taleb

Yeah, maybe it's only useful for me and not for you — I mean my perspective on many of the posts here. If something is interesting, of course I’ll give a follow-up comment. I’m not denying that technical analysis is important, but all the real proof ...

Gold

― Nassim Nicholas Taleb, Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets url url

Meditations on Extremistan - Nassim Taleb

- Anonopoulos - url

Meditations on Extremistan - Nassim Taleb

For me personally, the first thing to look at is the position size—what percentage is it? That way, I can convert the scale from pips to percentage and determine the appropriate lot size. Analysis comes next, just as a third factor after system ...

Gold