Are there really traders with 100% Success Rate???

I prefer it that way, it tends to keep the working surrounds quiet enough to trade and get educated (trading) minds to place there imput. Meanwhile the next thread that has promised that 99.99% win (excluding the Amazing Strategy because thats just ALL THAT) tends to draw attention, albeit only momentarily, before withering and fading into obserity only to be replaced with a new shining beacon of hope for the masses.

Razor

PS: I had a good laugh at your sig

Hmm I just joined this forum but... I think 100% success rate is impossible just think if someone truly had such knowledge and skill... Bill Gates would definitely not be on top of the Wealthiest 100.. this trader would be!

What is a 100% success rate ?

100% hit rate ?
100% no-loss trades ?
Or both ?

yea it depends. If per trade basis i doubt anybody can avoid losses.

But if you're talking about monthly or yearly results. Then i'm sure you have a few who haven't had a single losing month or year.

Who cares it's a fantacy. Da plane da plane.

Yeah I agree, I personally know one who had no down month for 3 years, I saw another interviewed on TV, he had no down months for 7 years.

The ones that worry and search for the 100% success are not traders. They are not people who come to work day in and day out with a sizable capital trying to beat the market average by even .1%. No they are the traders who want to gamble and need the security of a 100% trade plan so that they can overleverage and risk huge %'s of there account to boost there 1k starting point into billions.

There is a reason why the biggest players out there dont need 100% success rate and its because they are not looking to make 100% per year.

If you had a starting capital of say 1 million, I would bet my life that you would show it some respect and you would be happy with a measly 10% or 20% per year. From that amount you could pay your taxes, take out a nice amount for living over the next year and roll the rest onto your capital. You wouldnt care about 100% success because you dont need it. You are now moving from the mindset of a gambler who is trying to boost there account in a risky fashion because 20% on 1K just doesnt justify trading for 1600 hours a year (8 hours a day for 40+ weeks). So from your view point you need to double that account every month for the next X months.

It is what the real players aim for, months of being ahead of the game, not the focus of 'never loosing a trade'. You can loose plenty of trades and still come out in from by a small margin every month. In the end if you make just 1% per month then you are on your way to proving a successful edge over time and THAT is what is going to give you success over the years. Think about that, and the new found belief that over time, achieving small gains will give you a new psychological edge to your trading. From that point on, having had ongoing success even on a small scale, you can now start adding funds and rolling over new funds and using compounding to build that account over years. Thats the difference between having a proven edge and just hoping your 100% success will last forever.

Razor

Merry Christmas to all those who celebrate it, take care.

Kingfisher i think this is horriable lol

My trading system is 100% successful

Price goes up hits my targets.

price goes down hits my stops.

"You've got to be very careful if you don't know where you are going because you might not get there." Yogi Berra

Rufus

IMO 100% success rate is theoretically possible but practically impossible lol. There are too many variables in the market that can influence the direction of price. It is possible if the current market can replicate every single variable of the market of the earlier "moment", like the number participating traders, the amount they buy/sell, how long they hold etc and the trader had to know all these variables to take advantage of it.

100% isn't really possibly without a cyrstal ball that works.

95% maybe is just about possibly with a averaging down / martingaling strategy you may not always get out profitably on your 1st entry but as a average 95%+ win rate.

The issue with this is, mid trade on a bad 1st entry and 2nd 3rd and so on you can be down huge mid trade as your risk keeps increasing then you'll bail for likely 10% of what you where down.

And that 5% lose rate hurts so bad it's not worth doing.

100% success way is definitely possible, within a limited timeframe. But it isn't what you think. Consider this 2-step theoretical strategy:

1. Trade in direction of the trend.
2a. If the price moves in your direction, set a hard stop to lock in +1 pip and set a trailing stop to let it run.
2b. If the price moves against you, pray and wait for it to go positive, at which point, go to step 2b. Otherwise, keep position open until margin call.

As you can imagine, sometimes the market doesn't swing back and you'll get a margin call. But before that happens (in hours, days, weeks, who knows), this is a 100% winning strategy. In effect, you're risking your entire account balance on just a few pips of profit here and there.

FYI, this is a trick scammers use to boast their miracle trading systems as I've discussed at http://www.quantisan.com/some-tricks...with-488-gain/

A good trader is always quiet..

I don't think that 100% success rate is possible over a long period of time, like a month, let alone a year. But one doesn't need that to begin with, they only need their profits to be more than their losses to be successful.

What amazes me is that some noob retail traders think they can achieve a 100 % win rate when the top rated traders in the world don't. Dream on..................

No, I don't think that anybody would be having 100% success rate, as if they were having, then everyone would be following their footsteps and would be earning abruptly.

Right? Everyone makes mistakes, it's natural, there's no point in having unrealistic expectations about one's own trading.

Indeed.

Especially true when you revived a 6-year-old thread.

Good job bro!

I guess it's possible if you take an extremely conservative approach to your trading, but chances are there are very few of them (or none) exist. Also, I feel like if people are trading in such a way, they're probably not making too much money.