I suspect there may be broker representatives on this forum - not pointing any fingers though. It would of course not be in their interest for some realism to enter the discussion. Oh - and the personal abuse - I think that is probably part of the ...

Setting realistic expectations

Nice try

Trading is not a Business

No - I've already found it.

Setting realistic expectations

Looks like I've touched some raw nerves (again). Dream away.

Setting realistic expectations

OK I'm making up my mind - people who dream are asleep - and technology (being an ex physicist) definitiely does not come from dreaming - it just comes from research - the end result of which is unknown at the time. I think there is a difference ...

Setting realistic expectations

Hypothetically (for me at least) there are many instruments - if you happen to have a widely appicable method - and so you could (with some help) trade many (maybe thousands) of instruments. And why stop there - having amassed billions you could go ...

Setting realistic expectations

It's possible that my expectations are too low - but 50% on 10K is 5% on the 100K in a week - 1% a day. That is definitely outside my league - 5 to 10% a month is OK for me if I can avoid stress and spend the day walking the dog - or whatever.

Ruler of the Universe

People are so different. I actually have no interest in trading as such at all - my passion is for the systems. So I trade daily bars and a single trade might last three months - or 2 days depending when the exit signal is generated. 20 trades make ...

Setting realistic expectations

You've obviously been there. Thats why I need mechanical systems - call it a psychological weakness, but they are the boss unless I see them misbehaving. It's also why I need anywhere between 10 and 20 trades on at a time - it would be very ...

Setting realistic expectations

Expectations — Not all that different. I still think 30% a year is a decent turn (although this year I will probably do more than that - but year on year it remains to be seen). In fact I just read on the Really Useless Thread several claims ...

Ruler of the Universe

You must have read my mind — Brilliant idea - I was musing on doing just that. So here we go (I know someone will try to bend what I say into business lingo, just like Dr Strangelove couldn't help strangling himself with his own hand). As I’ve ...

Trading is not a Business

... they must be MBAs - nothing personal.

Trading is not a Business

Business or gambling - it's a bit limited. Athletes don't have business plans but do achieve - same with 747 pilots, brain surgeons, holywood actors, pop stars etc etc. Don't really know why the business idea has made its way into trading apart from ...

Trading is not a Business

Back Again — Didn't realise this thread would get so vicious - obviously pressed a few buttons. Our society has promoted the business person to the status of gladiator - supreme athlete etc. Of course nothing could be further from the truth. ...

Trading is not a Business

Brilliant bit of advice.

Where is the EDGE in trading? The most important thing in trading!

For what it is worth here is how I came to some level of success: 1. Tried technical analysis - failed. 2. Learned money management, risk management, trader psychology - all useless unless you have an edge. 3. Got fancy with neural networks, machine ...

Where is the EDGE in trading? The most important thing in trading!

I dream of .5 ATR stops, but tight stops almost invariably go with a high loss rate (doesn't mean the system is not viable) and psychologically I just could not take that. Rashke is on a video somewhere talking about stops (probably youtube) and she ...

Formal Trading System Development

In my opinion all trading system development is a form of curve fitting - it's just whether the curves represent some underlying reality, or just happen to be a property of the data sample you are looking at. I have to admit that I despared of ...

Formal Trading System Development

Well I went to some trouble to explain back and forward testing (in-sample/out-of-sample) because most people in forex don't seem to realise that backtesting is not enough. The equity curve is a bit brash I admit, but it is just to show what that ...

Formal Trading System Development