Recent content by Raleigh Lee

What do you believe are the most important steps to becoming a consistently profitable commodities trader?

Do you, by any chance, have some results data from such an experiment? I would be very interested in seeing that.

:-0 Some studies have shown that a high percentage of chart patterns may be simply random, squiggly lines on a piece of paper. Burton Malkiel in A Random Walk Down Wall Street described an experiment his students participated in, using a hypothetical stock trading at $50 a share. Each day they...

Aha! I am happy to answer this one. First of all, congratulations on asking. This is what he needs - support. So here are my thoughts: Trading is a lone wolf business, and a lonely business. The very nature of it demands that you do your own thing and not be unduly influenced by tips...

Well, just be careful then. There seems to be as many false prophets in this area as there are in Internet Marketing. This forum seems to be more legit, though.

Just out of curiosity, what were you doing before?

You are probably correct. They seem to dominate. I would say, also, that you are on the right track . . . a better track.:D

Are you asking on behalf of yourself? If so, can you please give me more information about yourself via a PM?

I'm looking for a super-trader - a guru, if you will - that is not American and does not live in the United States. My purpose for this search is to interview him or her for my website. The reason for the criteria is that it seems that most of the literature focuses on American traders; but this...

I'm not sure how you're identifying correlation, but if you look carefully you'll see that either a negative or positive correlation exists in almost every pair. This is one thing I don't like about Forex, because it inhibits diversification.

This is not disgraceful actually, because of the law of large numbers. A coin on average will come up heads 50% of the time. It could nonetheless come up heads 100% of the time or 0% of the time. In a short trial, heads may easily come up on every flip. The larger the number of flips, however...

There are some compelling arguments out there for not backtesting, featuring that old adage of "past results are not indicative . . ." At the very least, it is probably best to backtest without any optimization to avoid curve-fitting. However, I just can't bring myself to trade a system without...

Know the 5 Fundamental Truths of Trading: Anything can happen. You can gain an edge, but wins and losses are random. The biggest advantage you have is the probability of one thing happening over another. You don't need to know what's going to happen next to make money. Each moment in the...

I have a question for anyone who has Ryan Jones' book entitled The Trading Game. My question is about a passage on page 86. In the third paragraph he says "After having acquired . . ." Can anyone tell me where he got the following numbers in that paragraph: $100,000 in profits / trading 20...

There is nothing natural about the way winning traders think, at least in the American culture (I am American). In fact, you have to debug your mental programming to become a winner. But this brings up a point that I think most people overlook. The American culture is different from the Asian...