Recent content by edmond360

Eh I'm not moaning about my losses or about a dodgy trading course. The opening poster took the course, it didn't make him money, and he correctly determined it was a scam. Your replies to this have been along the lines of "shut up, quit complaining, not everything is scam, that's life, perhaps...

Thanks. So if I understand correctly, you've been through the clichéd rubbish spouted in typical trading courses one by one, realised that anyone could easily point out how they were all completely irrelevant to a rules based trading system, and then decided to back out with a sarcastic and...

For longer term stuff, one whose real financial performance has been audited by a reputable accountancy firm and whose track-record extends back to at least one bull to bear market cycle. For intraday stuff, one that has been back tested on historical data and then live tested in the real...

Learning to trade, so ok, what is it that you need to learn? I don't think following rules from a profitable trading system takes any real learning at all, a child could do that flawlessly from day one. So go ahead, name me one actual tangible thing that needs to be taught by an experienced...

Eh actually the notion of taking the other side of a bad system is just wishful thinking on your part. A bad system is by definition random, it has an expectancy of minus the spread. To think otherwise is silly. Over a small sample you can make much more or much less than the spread just by...

When the system has no predictive value, then it's a coin toss and it will consistently lose money due to the spread. The only reason it would look different to a coin toss is because the risk reward ratio is massively skewed so as to hide the raw percentages. That's exactly what this and many...

When you think about how retail traders predict price, they observe the market, keep a journal, look for patterns, test different ideas, and through trial and error hope to find a system that yields consistent profits. At that point the system is something you can write down on the back of an...

The degree doesn't matter as much as the university, make sure it's a highly ranked one. Also whilst you're studying, make time to learn how to code in python and start trading your own money (I mean trading it properly based on your fundamental views, not randomly gambling on short-term price...

Some of that sounds like institute propaganda. Every single trading educator on earth tells people not to do those things, so I wouldn't be so quick to think they inexplicably do them anyway.

Just because options brokers give you some probabilities on the platform, doesn't turn you into the casino. Look at the price of the option, look at the probability of it finishing in the money, then work out your expected pay out and you'll find it's negative. There's no other way about it...

Professional traders understand the reasons for having a position on, actual reasons based upon their own forecasts and ideas. If the trade goes wrong, they don't need specialist physiological training to know well ****, I guess my reasoning was wrong and I should cut the trade. Traders like...

The majority of that training is almost certainly useless box-ticking crap done solely because HR need to have all the necessary paperwork in place to show their investors that their money is in safe hands. If you distil all the fake lip service training out of the equation, having less than a...

Your "edge" is not a mathematical constant, it's effectively a random variable that will change in response to hundreds of other economic variables changing. What retail traders are doing is watching the dice being rolled, waiting until the six comes, then going yaaaayyyy I finally have my edge...

Psychology does not make you any money, it may stop you losing money out of stupidity. You don't need to focus on that, or teach it, or study it, not being stupid is a pretty straight-forward concept. Predicting the future price of an asset is the only way to make money, this is so blindingly...

If you have a view on the asset for the next 6 months, then you can rely upon portfolio management models to control your risk whilst you pocket the reward. If you have a view on the asset for 1 day, there's no models you can use to control risk other than to get in and out on the same day. For...