Well done mate. The fact that you have done some reading and learning before starting to trade with a small account puts you a fair way ahead of pack already! Now go and lock yourself away from a couple of years and develop your own robust method - ...

Celebrating the first trade

I don't think the problem here is in the math! One of the great myths in this business is that it is possible to "buy a system" and make money - that, my friend, is the real problem being presented in your statement. But the perpetuation of that ...

Setup frequency and probability - Math problem

With respect, defining a scenario where it would be better to be "hedged" (as defined by the OP) does not discredit the maths. Of course there are many such scenarios to explore in the theoretical world. I am really enjoying reading this thread - it ...

"Hedging" Revisited

Correct.. what gspajon is describing does not 'qualify' for hedging and there is a simple reason for that too.

"Hedging" Revisited

The Cure... one of the most enduring bands of all time... very adaptable, and constantly evolving, while still retaining a respect for their well-grounded roots... unlike most would-be traders.

What kind of music you hear while you trade?

For what it's worth, here's my view on account blow ups: url PS - I'd respectfully like to call BS on the above post #38. Too many reasons to list here.

How many real accounts have you blown before consistently making money in FX?

The title of your thread focusses on a "system". Contrary to popular belief, my view is that most "systems" will eventually fail - possibly because they are created based on purely technical indicators and reflect merely what would have worked well ...

How many demo trades before a system is considered viable?

Please allow me to respectfully present a different view to that generally held in this thread. I have personally found a trading log/diary/records to be an absolutely critical element in the improvement of my trading outcomes over the last few ...

How is trade-review useful?

There are plenty of EA's that will work for a week, month, or slightly longer if you are lucky, but then for the vast majority of EA's failure seems inevitable. My humble view on this is that it is because of the massive assumptions built into the ...

Is there an EA that works?

YES - it is absolutely critical! url

Do you record your trades?

OK - for what it's worth, here is what I have learned: url Of course not everyone will agree with my perspective on a few issues but it is what I have learned and it is what makes sense to me... BS excluded of course.

No more BS - What have you learned?

While I agree with some of the sentiment of the original post (steady consistent returns over a long period of time) I think much of it sounds like the kind of spiel you get on the opening morning of a trading course - theory that sounds nice, but ...

$1000 to $1,000,000,000 in 4 years

So mabenn, you are budgeting 25k to allocate to this venture of yours (in the event of the loss you outline in your original post). Given that you would be splitting 50% of profits with any investor, you can effectively say that's worth 50k of ...

Seeking Immediate Investor

Six months of profitable trading (per original post) might display short term consistency but says nothing of sustainability in a method. In my earlier years, twice I made good profits for around to 6 months (thinking I had it nailed) only then to ...

how long does it takes to become a successful trader?

Whatever works for you, my friend. Just keep in mind we are posting in a rookie forum here. Best of luck with your $100 account. I hope it goes well for you.

Don't play games with demo accounts

I completely disagree, and for the sake of rookies reading this thread I will briefly elaborate why. I have been trading for over 8 years (ok not a lifetime, but long enough) and it is what I do for a living. I continue to maintain a demo account ...

Don't play games with demo accounts

While I agree that exposure to a live account is likely to refine and hone one's trading abilities, it is with respect that I disagree with the key message in original post. Trainee doctors don't practice their skills on real patients - they ...

Don't play games with demo accounts

"95% of traders don't follow rules" I don't have an opinion as to whether this statement is accurate or not but I do have an opinion that 95% of the "rules" that would-be traders follow are complete rubbish and merely reflect what would have worked ...

95% of traders don’t follow rules

Could not have said it better myself. Spot on, Marv.

32 Rules for Traders

"29. Never doubt your trading plan, always trust and have faith in it." ....if that trading plan has been developed based on 3-5+ years of focussed efforts, practical experience in various market conditions, and diligent learning about your selected ...

32 Rules for Traders