Market is not random but unpredictable
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 9,694 Posts
Looking for profitable short term trades ...|
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DislikedBeing able to ask the right question is a difficult task but is doable and might lead you one step forward in your process. Q: What would be impossible to do, but if you could, it would dramatically increase your trading performance? Q 2: What would make it possible? {image}Ignored
DislikedMy 1st rule of life: "Nothing is impossible in this world, everything is possible" Unfortunately things that we cannot change we call them impossible however we have not discovered every secret of this universe. Therefore, nothing is impossible, its just we need to discover the right method change the state of impossibility to possible. As for trading, I don't find anything impossible because I know there is a method for every thing that I haven't found yet for that particular problem which is why I look for the solution rather than sobbing at the...Ignored
Disliked{quote} What complete bunk. Positive thinking is all very well, but if you take an idiot and make him think positively, all you have is a positive idiot. There are plenty of things that are impossible, for example, guessing the outcome of a coin toss with more than 50% accuracy. Of course you need to remain positive to continue to look for a solutions and indeed there are solutions to profitable trading, but you need to do a lot more than just believe! The scientific method works whether you are positive or not. Use it!Ignored
Disliked{quote} Luck(Guess) has no place in making logical decisions. Your answer is irrelevant, I talk about reality based facts not random stuff. Anyone whose trading is based on "Belief" is an idiot. In order to harvest reward you need WORK first and earn it, its not a candy or lottery ticket. Trading is a place of probability and not guess.Ignored
Disliked{quote} So what is your win loss rate on the last 1000 setups you executed? You should know this if you are not indeed gambling in denialIgnored
Disliked{quote} So you deny that there can't be a win rate higher 50% of time ? 1000 setups cannot be executed other than scalping unless you are going to trade for next 50 years. My win loss rate doesn't prove anything about gambling. Trading randomly without having any knowledge can be called gambling in trading which is of course not the case here. Trading with 2 shots of the whole account is also called gambling unfortunately I don't do any of those because I have common sense which is really need in trading.Ignored
Disliked{quote} I live entirely from trading, I know it is possible to find an edge. I also know it is very difficult to find, and has nothing to do with "common sense". if you do not have 1,000+ live setups, do you have 10,000+ simulated setups that prove there is an edge available? Or are you just using your "common sense" to determine when to enter? My guess is that you are not profitable, 99% of traders are not, and that is why I say most retail trader are gamblers in denial. I am profitable and I can prove it with my trading statements since 1 December...Ignored
Disliked{quote} I live entirely from trading, I know it is possible to find an edge. I also know it is very difficult to find, and has nothing to do with "common sense". if you do not have 1,000+ live setups, do you have 10,000+ simulated setups that prove there is an edge available? Or are you just using your "common sense" to determine when to enter? My guess is that you are not profitable, 99% of traders are not, and that is why I say most retail trader are gamblers in denial. I am profitable and I can prove it with my trading statements since 1 December...Ignored
DislikedA1. Trading forex without a plan ... A2. Trading forex with a strategy ...Ignored
Disliked{quote} First you talk about not being just positive and work. Then you talk about gambling thinking that others don't have a system to trade except for you. Now you are talking that common sense is not need in trading and finding an edge. Simulation does not prove real trading. I see where you are going, you want to show your positive trades to shut down conversations of others in an instant second because "you are profitable". You see, you are not the only one who have a system, edge and is positive. There are other people, who can be worse or...Ignored
Disliked{quote} First you talk about not being just positive and work. Then you talk about gambling thinking that others don't have a system to trade except for you. Now you are talking that common sense is not need in trading and finding an edge. Simulation does not prove real trading. I see where you are going, you want to show your positive trades to shut down conversations of others in an instant second because "you are profitable". You see, you are not the only one who have a system, edge and is positive. There are other people, who can be worse or...Ignored
Disliked{quote} Doesn't have to be fake. Listen squire, I am only trying to help you and others, I believe in using the scientific method in trading, part of that process is rigorous review by piers You made 189% thins month? In your system what is your Return Over Maximum Draw Down from Peak (RoMaD) over the long term (ideally 1000 trades plus) Looking at just returns tells us nothing about the risks that are taken to achieve those returns. Humiliation as you call it, (I call it pier review) if it makes you really face your reality is a cheap way to learn...Ignored