Recent content by crestray

may i recommend a google search for "statistics" and re-reading the options. all the best

Great. You should be able to answer my questions then... I've been playing basketball since 96. Still haven't made it.

all work no play? no thanks

Nope. You've missed the point. Again. Stop trying to "know what the market is doing" whatever that means. Of course trading is more than being able to take losing trades. You need a methodology, a framework, but there ain't no way to "know what the market is doing" every time you take a trade...

For all those yet to grasp what I'm trying to say, please save yourself some time and pain and read Mark Ritchie's book. http://www.amazon.com/Trading-Bible-Mark-Andrew-Ritchie/dp/0964695200

Nice chatting with you Joe. Best of luck with it all.

That's for your reply Joe. Few things; - I feel you may not have understood what I'm saying when I say learn to be a Loser. I'm not sure though. Just for my guide, what % of your trades are profitable? Do you think that is likely to remain constant, go up, or go down over time? - how much would...

thanks for the comments guys. Glad to see the thread is still somewhat alive. Unfortunately I think that most (not all) of the responses suggest that the message hasn't really got across. It's been a year so about time I wrote another post i think in an effort to try again to make my point...

Who's being pessimistic? Manage your money as if the trade is going to be a loser and all you can have from that trade is upside... sounds pretty good to me. Please can you elaborate on your "trading is like a sport" comment? thanks CR

you clearly haven't got the point. What sort of moron do you think i am that I wouldn't rather a 90% win rate over a 55% win rate?! Looking at an individual trade, having a 90% win rate and a 55% win rate does not change the uncertainty over whether that will be a winning trade or not. that's...

Couldn't agree more. Win ratio is pretty irrelevant and that's what I was trying to highlight. If I have a system that HISTORICALLY has proven to make profitible trades 90% of the time, that doesn't tell me with any certainty whether my next trade will be profitible or not. What it may do...

https://crestray.wordpress.com/2015/02/24/want-to-be-a-trader-learn-to-be-a-loser/ Thoughts/comments most welcome. regards CR