I m beginning to think the way to make it in the market consistently is to take minute losses and riding those winner's.cheers

A Flying Buddha does this work?

Has anyone here made the observation that as you reduce your win rate you make more money? I have a strategy that works 10% of the time and it really kills. When it is right it make 1:10, 20,30.....100.

A Flying Buddha does this work?

Absolutely right people personalize failure in the market but the truth is failure is the nature of every single endeavor of man. Think about the number of people trying to make it as a singer, pianist, actor, or other businesses.

99.99999% lose money

Risk really depends on the strategy, for me I think duration of drawdown is alot more important than size of the drawdown . I will prefer a 50% drawdown that recovers in 2 weeks than a 20% drawdown that recovers in 6. Some strategies have low ...

Does 100 lots move the market?

It's very hard like any other business. You think rich people sit in the office taking naps all day. These guys work their ass off every single day. The same in trading, this is hard work. It gets even harder as your account grows, you go from ...

99.99999% lose money

Yeah, you completed my quotes. I forgot to even mention the lower the money available for leverage. It's advantageous to develop a strategy that works in any market, if not you will constraint your growth curve alot more. Some people are comfortable ...

Does 100 lots move the market?

That's why the more money you have it becomes harder to make money. Not only do you have to move to higher timeframes but you have to own different assets to make full advantage of your resources. You also have to make sure the assets are not ...

Does 100 lots move the market?

The truth as I have discovered it is that making money in the market is easy. The problem is that people want to be right more than they want to make money. Find the wisdom in this and prosper.cheers

Can YOU make money as a professional trader - Redux

Yeah true when you are highly selective not only is your losses few, they are also far between. Allowing the compounding to work, adding to the fact that they are considerably smaller than your profits. I think the problem is that 1. People Don't ...

If you haven't made it yet, what makes you think you will?

How should I call I winning streak?

If you haven't made it yet, what makes you think you will?

I smiled when I read this, totally true. It's pointless, why do more work to make less money? But thats what exist even in the fund managers space. They have 100 positions in their portfolio and wonder why they can't beat the market. They are soo ...

If you haven't made it yet, what makes you think you will?

Completely agree, you said it all. It's ok to bet small on low probability situations, but it's sinful to bet small on a high probability situation. Thanks for your remarks.

If you haven't made it yet, what makes you think you will?

I really kick myself for that first trade. I took profits way to early, it was a 100% trade and I scared myself out of it. I have been living with that pain for 7 weeks now.

If you haven't made it yet, what makes you think you will?

I understand your low risk approach to building wealth but I think you are not maximizing your edge. I don't think anyone grows rich making small bets. I don't advocate for betting stupidly, but you can be more aggressive when you have a big edge. I ...

If you haven't made it yet, what makes you think you will?

Yeah I get you, most traders Don't know what to wait for. You can't really be patient until you know what you are waiting for, and then because they are high probability situations you need to maximize the opportunity by trading them big. Instead of ...

If you haven't made it yet, what makes you think you will?

What I meant is that there are different chart patterns that offer incredible risk reward situations. They work about 50-60% of the time with a risk to reward of 2x,3x,4x,5x.... You need to find those patterns, what I can guarantee you is that they ...

If you haven't made it yet, what makes you think you will?

Becoming wealthy is hard irrespective of the endeavor. You just have to keep at it, sooner or later you will understand a price dynamic and make it big. I think it's hard to figure stuff out, it' like a puzzle. It will only make sense once you have ...

If you haven't made it yet, what makes you think you will?

Stop looking for better entry point and start looking for where to take your profits. When I went through countless of my trades over 5 years I realized that if I held unto my winners longer and risk loosing a small profit for a bigger one, I would ...

Diversified Trend Trading Approach

The main problem amateur traders face is trying to build too rigid set of rules to trade the market. The market is dynamic and no robotic system can trade it effectively. I don't mean automation is not profitable, but I have tested thousands of ...

Diversified Trend Trading Approach

Loaded on the bandwagon.

EURUSD only