"[quote=jpntrader;14099587]{quote} Will evaluate myself and hone this system more for the weekend. So I spent the Saturday morning evaluating the trades I took, and also ran through this week's market to compare my own actual trades with the ideal MACD cross scenarios that actually gives you winning trades. . This way, winning rate is 75%. But mind you, winning rates could fall to 50-65% in some weeks that I have tested. With the above number, the potential RR that could have been obtained is 16.51R. ..."
2 Things:
First, that is the trait of a professional, studying and backtesting.
Second, if you can make half of that 16.51 R expectation, you are on your way to becoming a millionaire.
16% a week compound!!!!!!
20% a month, compound triples the account in 6 months.
Congratulations, that is the way to beat the beast.
I live in Germany, our stupid, dumb communist government, that came up with a new law (against the Constitution), by which, you can only deduce 20000 Euros yearly as a loss. After that, you are forced to pay taxes on your losses, effectively capping any higher trading income.
Worse. If you make a million and lose 800000, you still have 200000 win right? Wrong, you will end up with huge tax debt. It will be contested by the German traders in court, they will probably win, but it will take years. The government openly said they want to destroy the "trader profession".
2 Things:
First, that is the trait of a professional, studying and backtesting.
Second, if you can make half of that 16.51 R expectation, you are on your way to becoming a millionaire.
16% a week compound!!!!!!
20% a month, compound triples the account in 6 months.
Congratulations, that is the way to beat the beast.
I live in Germany, our stupid, dumb communist government, that came up with a new law (against the Constitution), by which, you can only deduce 20000 Euros yearly as a loss. After that, you are forced to pay taxes on your losses, effectively capping any higher trading income.
Worse. If you make a million and lose 800000, you still have 200000 win right? Wrong, you will end up with huge tax debt. It will be contested by the German traders in court, they will probably win, but it will take years. The government openly said they want to destroy the "trader profession".
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