I would suggest that it is totally impossible to become emotionless. We are human beings, not androids. What we have to learn is to control emotions and be able to make objective decisions in spite of them. All the techniques mentioned in this ...

I don't think anyone is going to blast you. Anything is possible in this business but if he goes for only 10 pips a day, no more or less, then with that kind of risk:reward he's basically right almost 95% of the time. He would have to be or he'd go ...

No, Rob certainly does not reveal everything in that report. Going for 10 pips is a basis on which you can start collecting small gains and confidence. But, in my opinion, going strictly for 10 pips every time is not going to get you very far. ...

Yes, she supports my trading whole-heartedly. In fact, we trade together. She is an incredible woman and supports everything i do. The fact that we are doing this together has brought us even closer...even though we are not profitable yet.

Overall, I would say yes, but with a condition. I do not believe it is necessary to blow your entire account, although that often happens because of a complete lack of awareness of money management. But if a trader recognizes that after he has, say, ...

I think that's a great question. But one should never deviate from the rules mid-trade. I think it's ok, even encouraged to always look to improve your system. So, if you notice a slight modification of the rules will improve your system, then ...

I don't believe that one has to lose his entire account before realizing mistakes have been made and taking steps to correct them. But i do believe losses have to occur in order for this humbling realization to take place. For myself personally, i ...

I agree purchasing a good mechanincal system is difficult, if not impossible to do. Selling a system to the masses is what will ultimatley destroy its long-term effectiveness, if it ever existed in the first place. However, if you trade a 100% ...

Although i agree that discretion is important in trading, i do believe that a 100% mechanical system can work very well too -- especially if not many others know about it. The Turtles made millions trading their mechanical method until the rest of ...

Although i have never attended his live seminars yet, it's my opinion that the 1-on-1 training would be more worthwhile. I have taken the training and regularly speak to people who have attended the seminars. You get more material with the training ...

I agree merlin. It took a while to figure it out but this is so true. You MUST determine your odds (expectancy) over a series of trades or bets. If you find a system with positive expectancy and enough opportunity, then you are trading. If you have ...

Understood. I am equally making an observation/opinion that there is no correlation between university degrees and success in trading. I find that equally interesting.

And not any single one of them are successful because of their degrees or the set of rules they managed to automate. Their backgrounds might have given them the ability to turn their rules into intricate code but did their degrees give them the ...

Interesting arguement. Yes, we are analysts to a certain degree. I agree. I'm not suggesting that we don't need any education or methodology in order to successfully particpate in the markets. We most certainly do. But the knowledge that really ...

The computer science could definitely be an asset in developing code and the likes but the true success factor in trading is the psychological element. In the end, a degree truly is irrelevant. The degrees brokers are looking for is as you ...

I have a degree in Finance and i can tell you that it makes absolutley no difference at all. The truth is that some of the most successful people in life with degrees (lawyers, doctors, CEOs, many entrepreneurs) make the worst traders very often ...

Well Franz, all the more power to you if you can truly achieve this. I don't believe it and nothing you say short of sharing the precise method will convince many people. I truly believe the only "trick" to mastering this craft is within you and ...

Ah, i see what you're saying Narafa and i do agree that "long-term" is all relative. In fact, i trade primarily the GBP and it generates about 25 trades/year. Maintaining 2% risk is no problem at all in that case but i do agree with what you say ...

I disagree with this entirely. I trade a long term system but it is definitly not a function of your account size as much as it is your position size. If you go with brokers like GFT that allow you to control your lot sizes, then you can effectively ...

I agree 100%. But you know for sure that this 5%/day thing is nuts when you look at the yearly result of such a goal. 5 days a wekk at 5%/day is 1300% annually. Who is Franz kidding? Is this possible? Sure, with insane levels of risk that happen to ...