Recent content by CoconutJelly

Thank you Neil. I should let everyone know that I do beleive that the system which will work best for me is based on Price Action with S/R, trading on the 5 min timeframe and just following the trend after consolidation until it (b)end.

Why would this "method" work or result in a positive expectancy system? is it because everyone else is using it that it works in that it's self fulfiling?

Which part of this business do the experts/succesful traders hold closest to their chest and keep the most secretive? It seems that it is the entry setups and exits.

what's the hardest piece of this business?

Are you saying then that the developing a positive expectancy system is the most significant part and hardest to master? thaat seems to make sense to me.

Writing these thoughts because it's my belief as to what it takes to be succesful in this business. I asked the questions asked hope that members here can provide their views on which point is most significant/hardest. All around you hear or read that either (i) money management is key or (ii)...

I believe that a philosphy of "assume nothing" is perfect of trading. Outside of the financial markets? Yes - I've been "trading" for financial return for the past 21yrs. Trading my time, energy, thoughts i.e. my labor for a salary. the cost was prohibitive plus my strength in the sciences...

Thanks - good point.

All, From all the information internalized to date it seems to me that successful trading comes down to this: 1. develop a positive expectancy system - i.e. - (win % x win amount) less (loss % x loss amount) > 0 2. ensure your system has enough tradable frequency - i.e. not slow e.g. only 5...

Hi All, New member here