Why Retail Traders DESERVE TO LOSE Money

A new video has been posted as an intro to Ray's Make Money on Mondays 'Reading The Tape' course.
It is worth watching if only because it shows how you need more than one good technique/Value Line/Skill in order to be consistently making money in the markets.

In other words why one-trick Retail Traders deserve to lose money!:
https://compassfx.com/master-trading-training/reading-the-tape/

What do you lean your trades against?
Ray (through CompassFX) is starting his first full course since 2018 on Monday.

This is for hardworking traders only - Ray is definitely NOT the easy button.

Here is a video released by Compass to give you a flavour of some of the things he covers (note that you may find his charts confusing since he shows lines which are the inverse of the Dow Jones Index, the S&P500 index and the Nasdaq Index).

There are only 2 Trading Trainers for retail traders who I rate as good, and there is a new Marketing email update from one of them:

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Hi Ian,

Yes, it's true -- our MAX Trading coach has not had a losing day in more than four years. Of course, there have been losing trades, but no losing days. That's because our winners far outweigh the losers. This is exactly the kind of trader you want as your coach, and you'll love learning from him.

(If any trading system claims no losing trades, run away quickly.)

Reliable Trend Trades Every Day

 

1. Powerful trading system to capture current market moves.
2. Learn from the best mentor!
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This is the ideal time to learn a proven system and take charge of your income. We are in our 14th year of trading this reliable system, and you can get a close look on Saturday, August 28th at our Spotting the Best Trend Entries Workshop -- and you'll also get a free seat to watch this system traded live on real-time charts.

We'll be trading the price action generated by the US Non-Farm Payroll on the 3rd of September. There's no better way to evaluate a trading system than to see the system at work on real-time charts!

The one thing we like about the current world situation is the price movement in the markets. Regardless of whether it moves up or down, our accounts grow. We are identifying opportunities every day that can bring truly amazing gains. Learn how to get in on these movements now, while there is still time to take advantage.

Register Here to get our free gifts, attend the workshop or watch the playback video.

Analyzing price action is not enough. You'll see how we add global context and two unique indicators to move the odds in our favor and enjoy up to 90% wins. See for yourself the pinpoint entries and incredible risk management. The stops are placed very precisely, and our winners far outweigh the losers.

We will send very helpful gifts for everyone who registers, and for those who can attend, you get a chance to win a MAX Trading System. If you're tired of missing most of the trend, or finally getting in only to watch price run away from you, this will be a true breakthrough moment.

See how sweet trend trading can be when you have the right system and a great coach.
If you can't attend, just register and we'll send the playback video. You'll be very glad you found this 5-Star trading system.

Be well and stay safe!

The MAX Trading Team
Craig, Chris, Eusebio


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www.maxtradingsystem.com

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Skype: maxtradingsystem

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Although the MAX courses really don't suit my personality, the methods work.
When I was on one of their courses I could and did back-test to confirm it worked with >70% winning trades.
Obviously Eusebio has had a losing day since I first came across him almost 10 years ago.
I think that at that time he was managing over 2yrs without a losing day.
How many can achieve even that >2yrs without a losing day, while trading 3 days per week as he does?

Here is a simple yet important video from Kathy Lien (whom I respect much more than I do her trading partner Boris Schlossberg):

A follow -up to the previous video from Kathy Lien.
This time using Stock Indices to trade Forex:

Duix, I've been trying to dive into arbitrage. Is currency pair arbitrage better on lower time frames (scalping) or swinging or position trading?

First part of 2 videos by Kathy Lien on How to trade like a 'Hedge Fund'. - Well a bit like a Prop Desk at least!

Kathy Lien's video on 'Hedgie Strategies':

I created an indicator that is like none other on any market or forum, to help new traders see support and resistance.
Pro traders see supply and demand easily.
This indicator automatically generates each level based on carefully calculated ranges and time period.

They work on both MT4 and MT5. Find links to this product below.

https://www.mql5.com/en/market/product/73480 (MT5)

https://www.mql5.com/en/market/product/73481 (MT4)

I will appreciate a review.

For source code @ $1000 contact me on Telegram https://t.me/KingRennie

Some rare sense from Boris Schlossberg of BKForex:
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Is there anything more insufferable in life than having to listen to consultants, academics, and "experts" on the subject of best practices? On the surface, the advice seems to make eminent sense. In trading, for example, almost everyone teaches you to wait for a setup, take the setup, and trade it with at least a two-to-one risk-reward ratio so that you can have positive expectancy over the long run. That sounds really good until you actually try it in practice.

The problem with all of this advice is that it relies on statistics, and, of course, in the inimitable words of Benjamin Disraeli, "there are lies, damned lies, and statistics." Statistics rely on a series of hidden assumptions that are often utterly unrealistic in real-life scenarios. When it comes to trading with the two-to-one risk-reward ratios, the underlying assumption is that you will need to make a hundred, two hundred, five hundred, perhaps even a thousand trades in order to realize the proper odds. And even then, the result may not comport with your expectation simply because markets are a dynamic environment where the odds are not fixed like they are in Vegas.



Who in their right mind comes to trading with that expectation in hand? Academics always sneer at the stupidity of the general public in evaluating odds. A classic example of "cognitive failure to understand odds" is the often-repeated experiment where people will inevitably choose a guaranteed payout of $500 versus a 50% chance of $1,000, even though the expected value is the same in both cases. I would go so far as to say that most people will actually choose a guaranteed $500 versus the possibility of $2,000, even though the expected value of $2,000 is twice that of $500. It may seem irrational, it may seem stupid, it may seem suboptimal, but actually, the only fools in this scenario are the academics.

And the reason why, of course, has to do with a hidden assumption of statistics. If I put $500 in your hand right now versus promising you the possibility of $2,000 but also the prospect of $0, what would you take? Of course, you'll take $500 because in real life, you don't get to play the game a thousand times over in order to achieve the optimal result. In real life, we have many constraints - capital, time, effort, and just the general risk of regime change.
That is why you will never, ever, ever follow the proper trading advice. That is why the notion of "process" is an illusion for almost anyone who tries it. We are not robots, we don't have unlimited capital, and we're psychologically wired to do all the wrong things. It's also why almost every single academic who likes to pontificate about best practices fails miserably when trading in real market conditions. History is littered with famous academics writing elegant papers and beautifully reasoned books, only to raise money and burn it to zero when real-life constraints collide with their assumptions. As that great philosopher Mike Tyson once said, "Everyone has a plan until they get punched in the face."

So, when you start trading, it's crucial to maintain a skeptical attitude towards all the conventional advice you receive. If conventional wisdom truly worked, we would all become billionaires within a few days. However, the reality is that we base our decisions on a limited sample size, perhaps just one, or at most three to ten instances. It's important to recognize that there are limits, both financially and psychologically, to the pain we can tolerate. That's why, even if something appears mathematically optimal - particularly if it seems mathematically optimal - it is highly likely to fail miserably in real life trading.

To trade well, you first have to make peace with the fact that you are never going to be able to follow best practices. Do not follow someone else's idea of what you should be doing. The most important thing you can do in trading is to discover what you're most comfortable with and then construct a strategy that plays to your strengths.
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That last paragraph is the most important. s is that no 2 real life trade setups are exactly the same, even if the technicals look identical, the Fundamentals and/or the sentiment and/or the other participants in the market won't be the same. So that should change the trade's odds and the trader's expectations. Trading is infinitely varied, unlike a slot machine or a roulette wheel.