Suggestions for mastering speculation

It was only a question !....tsk some people !

So was mine

Anyway, time to leave this thread, it is now infected.

yes, probably once the latest order of pizza is prepared and delivered.

UTB

Just caught this gem of a thread !

The only thing he was was a first class charlatan and posturer spouting esoteric nonsense whose sole purpose was to dazzle total newbies with simple and gullible souls into believing that he was a proficient trader.

Real traders understand that trading is nothing more than a simple probability game.

But then he couldn't have known that as he couldn't have traded his way out of a paper bag if his life depended on that as he proved when he went live for one single time only and promptly lost.

Bull****ters bull**** around with misleading complexity that has no other purpose than to impress, real traders understand the inherent simplicity of markets, that there is no secret conductor conducting all market participants in a manner that could be predicted with a crystal ball,no, instead of wasting their time on understanding what cannot be understood as all markets are is just the sum of their participants differently motivated actions, so they just make like a casino, forget about hit rates as a priority, walk the walk, and make lots of money.




Spot on guys !


If it's even true - and NT has never gone live as far as I am aware -, then that kind of trading is COMPLETELY irrelevant, as it is NOT scalable, you CANNOT compound it.

But turning the leastest into the mostest is why we are doing this, otherwise you could make far safer and better money becoming a consultant or sthg.

High hit rate is just for those who have a need to be right, but it is NOT the way to make the most money.

Most net losers in markets are right more often than they are wrong.

Should give some people sthg to think about !

Does one see or does one not see ?

LOL !

Exactly.

The results from my journal, although statistically small, illustrate the point. 10 winners, 3 losers and I lost almost everything.

Let's put it down as a live experiment to test the validity of the "spanish stop". Markets do not always come back no matter how far away you put your stop and if you make money doing this, it is almost 100% down to luck. It cannot be continued for any lengthy period of time.

I have, in my own trading, actually noted an INVERSE RELATIONSHIP between win:loss ratio and account growth. I know this sounds insane but it is true for me - the more winning trades I have, the less I end up with ultimately.

Infected with the truth or just infected


Andy

just infected!

Sorry mate, got to disagree. Stops are a function of price, it's that simple. Prices are up for buying and selling, and although volatility is big at the mo, the same prices are running in the market, up for auction. So you are either with the market or you are not, you can only buy off sellers, and you can only sell buyers, anything else is against the grain.

No offence, Joey, and not intended as bravado face slapping.

Good trading, mate.