DislikedSo you think JR97 doesn't earn any money from Forex?Ignored
Those with a few years experience have a responsibility not to mislead potentially new traders with information that is plain wrong, and yet they continue to do so.
Only Scalping strategies (Team work) 364 replies
JFX Workshop (all strategies welcomed) 64 replies
DislikedGroan...the old standard is wheeled out once again, can you actually back up this claim with evidence?Ignored
DislikedHe is simply pointing out the stupidity of the statement that one can make money simply from "money management"
Those with a few years experience have a responsibility not to mislead potentially new traders with information that is plain wrong, and yet they continue to do so.Ignored
Dislikedyeah. it's called math. Risk/Reward. Whatever you want to call it. Do you need proof that 4:1 is better than 2:1. Or better yet, that 1.5:1 is better than 1:1?Ignored
DislikedI have been contemplating starting a trader P/L thread where people can post daily results so we can all see who is actually consistently pulling profit, since that is after all the bottom line in the end.Ignored
DislikedSo you are saying that you get a R/R of > 2:1 by randomly entering the market?
I don't see what R/R has to do with flipping a coin to make money, your original post stated that it is possible to achieve positive expectancy via random entry.Ignored
DislikedTell you what, start a thread and I'll trade YOUR system or method and we'll compare accounts at the end of the month.Ignored
DislikedI'm not saying he is lying, what I am saying is that I have never seen the 'pulling profits from random entries' technique to trading successfully applied, however I have seen it unsuccessfully applied many times. However, I don't know everything so I'm willing to change my position based on objective evidence.
This actually goes right to the center of the problem of asking such a question on a public forum, many people are going to weight in with all sorts of opinion disguised as fact, how you go about separating the fact from fiction is something...Ignored
DislikedAnd that leads me to another thing; how do you find what works for you? If you demo a strategy how do you know whether it is/isn't working? If you have a string of losses how do you know whether is because a) it's a bad strategy b) you are doing it wrong or c) you've just happened to get the fuzzy end of the law of large numbers and everything is actually A-OK? (I suppose worse than that if you get lucky on demo then find out it is bad/not for you in reality.)
DislikedI've learned to sift very cautiously through forum info.... In terms of gaining experience, there is no substitute for chart time.
Good luck, Hertz, I wish you all the best.Ignored
Now any number of experts are going to say 'find out what works for you'. Now before you pour scorn and abuse on my head for asking this bear in mind I know of my ignorance and I'm on a quest for learning. But my simple question is this; why?...