There is difference between a gambler and trader or speculator. A gambler is a person that trades for entertainment at best and at worst is addicted to the rush or thrill of the game. A gambler has no information and they only hope to make money. ...

Remember the comments from Crowns regarding the "Hot Hand".

Scaling vs. averaging down confused a lot of people, they are very different and this is a decent description. This biggest thing to remember is your %risk. If you risk 1% on a trade whether you buy (10) 10,000 units at different prices ...

Nice thread 60. Good videos too. I'm only just starting to read this thread and it is similar to something I was kicking around recently, but you've actually opened my eyes to something I always knew but didn't quite put it together...

I'll be sure to look up the book. Another interesting tidbit is that just about every Quant fund blows at some point, sure they make money for years and the smart ones pull money out and invest in other areas, because the smart ones know the Quant ...

This is very good to know. I'll be honest and say I really didn't think too much about the 10,000 trade number, but I was thinking several thousand trades per market for the 5 different markets. It would appear if you divide the 10,000 trades by 5 ...

10,000 trades over 10 years and 5 different markets. You maybe on to something.

It looks like you are using the Fib Expansion (3 points) which is different from Fib Extension (2 points) Fib Extensions = levels off of the fib retracement tool Fib Expansions = is its own tool with its own levels. Expansion is mostly used with the ...

Very proud of you Ghous!

I think it is a new trend with brokers. I was looking at XTB in Poland and they want everything notarized as well. It is a pain, but what are we going to do? The establishment makes it harder and harder to open an account. My living situation at the ...

When you know what you are doing anything is possible. Every man must know his limitations. Practice your art on demo before going live OR know exactly what you are doing before going live.

Haha! Funny! BUT the dude did say he climbed the face of half dome a few times with ropes to map out a path so he could do it free style. So, there is history.

To make a shit ton of money and live the life of an international playboy with cars, jets, yachts, and bed the hottest chicks on the planet.

They sure had a strong vocabulary back then hahahaha! good job and nice find.

Trade #5 is not a) engulfing, but an inside bar and b) it doesn't look like the next candle broke the high. You also missed an opportunity between trade #8 and #9. That would change the stats to 7 Wins 4 losses.

You marked a win as a loss on Trade#3, so it is really 5 wins 3 losses. You also went short above the 50SMA on your last trade#8 which would change it to 5 wins 2 losses.

Price crossed above the 50SMA after the downtrend was your clue to wait for the 50SMA and price action to show direction.