Recent content by LiamH

Fair enough :) Perhaps you could expand on your experiences in general then? Perhaps you could take one of your strategies, as I assume they're all net profitable, and answer the questions based on that? Your input will be appreciated :)

Essentially, it means maintaining a trading account in such a way that you're highly unlikely to go broke whilst maximising your potential profits. The maximising potential profits bit is difficult because you can't assign a reliable probability to a particular trading result. It doesn't matter...

Hi Tony... You're right to a certain extent but my point isn't to compare trader results, if it was then of course everyone would need the same system. My point is that rather than how much a new trader can make, they should be concentrating on and understanding the money management side which...

And, this thread has drifted off... new_trader, you're an experienced trader. Any chance of you answering my initial questions? I still believe that these aspects are where new traders fall over. At least, this is exactly where I fell over.

Several reasons... I started out wanting to be a trader but was dilluded and had no money. I started playing poker to build an account for trading because I had heard that they were similar games. I'm a winning player at NL50 - I make about £20 per hour playing poker... So, I'm a solid winner...

To answer this directly, I'm not sure that EV in poker is directly applicable to trading. In poker I might know for certainty that my hand has X amount of equity vs my opponents range of hands in a particular situation. This comes from ability which has been amassed through a lot of study and...

@ DT & Pi... Well, poker and trading are very similar games. They're both about managing risk & reward. You can be the best poker player in the world and still lose to Bob the drunk irish man over 10k hands. This is because of variance - Over really quite large samples you can run below...

Hello, Ok, so some here might remember me and some not. It seems like I'm a slow learner. I've been interested in trading for 6 years but have been going away and coming back to it as I have kids & job etc So... Before now I was pretty hung up on possibility rather than probability. I figured...

I think this... I probably spend about 20 secs a day opening\closing trades, setting stops and limits but then I look at the charts for probably 5-10 mins out of every hour of the day on average... I guess most traders are the same - Is your mind ever completely away from trading? And the time...

I know that you don't like the trades because they're not live calls but those charts, unless he really is a sad muppet, show the entry\exit and you can see quite clearly the setup which is used over and over again. I use those charts myself so believe that they are correct. I find a great deal...

40 pips = 10% ??? F*ck that.

I'm not saying give up on trading... keep at it but get some qualifications in something you enjoy. If it is a career in trading you're after then go for Maths or something - Others will know better about that but right now I would suggest education should be top of your agenda! I wish I had...

Dude, you're not even 18 yet?? I really wouldn't worry about all this bullsh1t then.. Go to college\uni whatever an do something you enjoy... Trade on the side and make your mind up later :)

Pretty sure he was being sarcastic lol

Well, in that case, of course those who leave work to trade will be more likely to be profitable - They will more than likely have been profitable part time first.. The % of part timers who fail in this case will of course be higher because that would include all of those who have had a go and...