Disliked{quote} I think you should, win rate is as important as all other aspects of trading because trading is governed not by statistics (history) but by probability (i.e. future).Ignored
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The truth about trading 161 replies
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Pulos Bill - The Truth About Fibonacci Trading (Attached) 4 replies
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Disliked{quote} I think you should, win rate is as important as all other aspects of trading because trading is governed not by statistics (history) but by probability (i.e. future).Ignored
Disliked{quote} Makes me wonder why newbie should not be trying everything what brings other people success. They should try everything what is possible, "put own skin in a game". If they are smart enough and hardworking ,they will make better decisions for themselves. If they are stupid nothing is going to help them, they will fail, AND IT IS NORMAL. People this days do not feel responsibility for their own action. They Should. Protecting them against making mistakes is one of the worst scenarios in process of learning. Pain, frustration, anger and failures...Ignored
Disliked{quote} for me is important drawdown and profit. in 1 year if I get 25% dd then I expect at least 75% profit. So my recovery factor for 1 year is at least 3. And here I dont care if that is acchieved by win reate 5% or win rate 95%. who cares? win rate depends on risk/reward. if risk/reward is 4/1 then win rate close to 80%. when 1/4 then winrate close to 20%.Ignored
Disliked{quote} Makes me wonder why newbie should not be trying everything what brings other people success.Ignored
Disliked{quote} How would they know which will be the successful long term money making trading strategy? Would they just try everything that appears to be sucessful just because the mentor says it is? Maybe they will get lucky or maybe they wont and as 90% do not make money and only show their success its a bit of a minefield as we all knowIgnored
DislikedWhich trader has earned $1,000,000? How about $100,000? Anything less is NOT success yet. Who cares about nice TE. Who cares about win rate. Who cares pips win. Show me real money. The rest is bs.Ignored
DislikedWhich trader has earned $1,000,000? How about $100,000? Anything less is NOT success yet. Who cares about nice TE. Who cares about win rate. Who cares pips win. Show me real money. The rest is bs.Ignored
Disliked{quote} gepards, I understand what is important to you, but are you sure you take everything that really matters into account? Do you know all the important conditions that you are writing about them with such confidence? Or maybe there is something you don't know? Do you know what you don't know? Do you remember the history of LTCM? They had it all figured out, Nobel Price for "dynamic risk calculation" ... they all felt great. The Fukushima nuclear power plant was designed to withstand the largest earthquakes in the area 100 years ago. And what...Ignored
DislikedWho cares about nice TE. Who cares about win rate. Who cares pips winIgnored
Disliked{quote} Yeah but someone else will come and say unless the trader has earned $2,000,000 then it's not success yet. Then someone else who has earned more will have their own opinion. You see the faulty logic here. The point is, success is something individual. It's all relative.Ignored
Disliked{quote} Investors. You can trade own 10 USD cent account and earn good money as signal provider.Ignored
Disliked{quote} When someone tells me "use this profitable strategy i trade"... I need evidence it at least "was working". If have TE i can decide trade it or not on my own account. If TE looks bad i dont spent my time to look at that shit. If no TE at all... why that person advocates an "strategy" then?Ignored
Disliked{quote} The money value gives context. Without it we don't know if he's a 0.01lot trader, 1lot trader or 10lot trader. Winrate, pip gain, drawdown, ROI mean nothing without money value. When evaluating a trading strategy or trader there must be money context. {quote} I was talking about trading own account.Ignored
Disliked{quote} The money value gives context. Without it we don't know if he's a 0.01lot trader, 1lot trader or 10lot trader. Winrate, pip gain, drawdown, ROI mean nothing without money value.Ignored
DislikedWhat is important never Invest in 1 pip hunters. That is not scalable and can't be used for more than 100k capital because of divergence issues.Ignored
Disliked{quote} To keep it unbiased, I talk in terms of pips. To me, the first milestone is to bring a demo account to 100%. The second is to bring a live account to 100%. At that point, I'd say it's good enough, they've made it, and are a "profitable trader."Ignored
Disliked{quote} To keep it unbiased, I talk in terms of pips. To me, the first milestone is to bring a demo account to 100%. The second is to bring a live account to 100%. At that point, I'd say it's good enough, they've made it, and are a "profitable trader."Ignored