My case against a Millionaire Trader

Its good logic if your system / method supports it as your in profit already good odds your with the trend, exactly the same as buying part of the way through a move which is more sensible than trying to pick a bottom, unless you've got a good Bottom system which likely involves averaging down.

But I do see the point on buying another when it all starts going my way, might consider it 1 day, when the account is huge ( no time soon )

I trade better with house money, until I hit a wall where my brain gets fried and my account reverses to Zero 5 times in a row, this wall is the £400 pyscological making stupid trades to get over barrier.

Years back, I failed totally to get my Stock account to 6K+, that ended the same way sadly I couldn't make money but I'd take 2K out ( nice ) then run it straight back to 6K just under then STUCK, the brains a stupid thing.

I know what u mean...!

picture shows important of repetive orders!

Trading is more about guts rather than maths.
Other way around, every math teacher could ez bucks in this market.
120 IQ guy can defeat a 140 one on this market, markets are highly speculative and instinctive, in my opinion..

Pyramiding is a really fair and simple approach.
For example you bought 5 apples, and you love them.
Now what's your next move? UHHHH maybe buy 10 apples and share with your family?(Nasty because we did not share at the beginning haha)
or Stock some to eat later?
Hell yeah.

Or maybe you bought S&P500 and it always going up, you made some money... what will you do now? Now short because you feel like it? Nah just buy it again.

With this simple approach i made a quite good amount of money trading physically...

Some traders to do this, when they are winning they keep adding and adding untill they feel it's getting nasty or bad.

Maybe according to math it can be destructive, but it represents simple human psychology to be honest. (Reverse martingale exists for the same reason).

Reverse pyramiding, known as position building whenever market moves against you but you are sure that prices would reverse is more effective, most profitable traders use this strategy with wide stop losses, super risky but they want to have the advantage of the ping ponging markets, also they scalp yes.
Basically the most gaining traders are the ones that are willing to take the most risks.
They use their margin as their guard, not duck stop losses that'll be hunted anytime.,

Problem with the math guys on approaching the market is delusional to me.
They want to have a system with %90+ strike win ratio and always have tight stop losses along with them.
They always try to force the market by their rules, but the markets don't have many rules and it will chew and spit your rules anytime it wants.
That is the reason markets never move the same way, it's always different.
So any equation made today, will be eaisly invalid tomorrow...
And please don't tell me that quant bank traders don't use stupidly agressive money management setups, they do.
They pramid,they martingale,they hedge& build positions all of that stuff.
I have couple of statements with %1450 & %4550 Roi+ a month if you are willing to see.
I have not seen one to put a tight stop loss with let's say 20 pips and make 100-200 pip+ trades everytime.
They agressively build positions, and they are the actual skilled math guys in this sector, so..
Man..

trading and thinking like the big banks is key and they keep their charts pretty clean and higher tf only . They dont sit at their screens all day .

Well you understand that every major market participant has certain secrets and peculiarities in their work, which can be quite specific and tough and it can be both a good decision and a colossal mistake for someone who doesn't fully understand the specifics.
That's why you got a different opinion, which also makes sense. So it's okay and I support you in being so critical of what you see from the outside. I think that for some people your approach will be more productive and some will still choose the millionaire's recommendation. There is always a certain sense of freedom and opportunity for experimentation in the market. So everyone will find what they want, if they are motivated enough.

It's always interesting to talk about something complex and ambiguous, and it's always interesting to see how differently people evaluate the same advice and data. It seems to me that there really is a point here and a need to get more specific.
Although the variety of technical tools and approaches shows us that in general you can use anything to get results. It all depends on how you evaluate what you have and how you make decisions and insure yourself in the market. It always makes sense and you have to develop and try everything individually. Only practical experience can lead you to the real right decisions.

There is a massive difference between stocks and fx. Stocks range from zero to infinity-1, fx not sure but never zero nor infinity-1.