As individual traders, possibly, but as a group, the majority cannot do anything other than fail. The food chain can't support another outcome. MM is no substitute for skill. Skill is the only solution.

Why are most retail traders usually on the wrong side of the market?

1) 10% is still very aggressive. Few people have the tolerance to cope with it, and if you're not a decent trader, you won't have the edge to justify it. 2) Adjusting your R:R won't magically turn you into a profitable trader. To be profitable - to ...

AHA moments in your trading career

As cliche as this sounds, we are our own Holy Grail. It's internal, not external. It's our thought process that makes us good traders, our method/system is just how we apply it. We could give a man every tool and material he could need and he still ...

Do you still believe in the perfect trading system?

I agree that social structure doesn't really seem to change. Any system we have produced on a large scale has resulted in a pyramid structure. Many think our lifestyles have improved in the modern era due to freedom, equality and democracy, when the ...

AHA moments in your trading career

They're not as smart as they like to think, and those that are would have only seen opportunity in the GFC. Understandable. We're taught since childhood to believe in freedom, democracy and equality, where there was none. Those beliefs are tested in ...

Do Investment Bankers make a lot of money compared to traders

Not really. Our strongest working instincts are hunting and gathering. Gathering is more like modern labour, but hunting requires tremendous patience and perseverance. The hunting mentality works very well for trading, but it has been suppressed by ...

AHA moments in your trading career

If you're going to quote him, quote him. Otherwise you are just crediting him with an idea that he didn't discover. Not really, because you still view the herd as safe. I find no safety in the herd. In fact, running with them is dangerous, as their ...

AHA moments in your trading career

The first time I saw this thread title, I thought it was going to be about predicting the development of price in a similar way to predicting the development of a song.

Can you teach trading through music?

A staking strategy based on the result of the previous wager is a poor strategy. You're thinking about "winning", and disregarding risk. "Wow, red has come up for roulette 10 times. It's obviously rigged, so I'll keep betting red and double up on ...

Semi Martingale discussion

Why would you make that assumption? Take a good trader, halve his (or her) stop, and he'll probably be <50% but still profitable.

Anyone using Avg W < avg L?

I'd know that it's false, because there is no magical formula (at least not one that can be known). The only way to predict with 100% accuracy is to know every order before it hits the market. If I did somehow stumble across that information, I ...

Equation for ALL financial markets

I'd question it regardless. If nothing else, it keeps us on our toes. Maybe a touch picky, but I don't think the words belief, trust or faith should be associated with trading. Sensible confidence stems from knowledge, not belief. Better that our ...

32 Rules for Traders

Even a broken clock is right twice a day . I think a new trader needs some sort of rules, and preferably a system. Ideally I think they should have spent some time studying, and come up with their own system based on a concept that appeals to ...

Under which conditions would your trading fail?

True, the spread exists before the possibility of a bad trade. And on the faster intraday timeframes, the spread would be more responsible for losses. A new trader attempting to scalp a few pips...ouch.

Why are most retail traders usually on the wrong side of the market?

I don't think so. I don't want to think of the market as being in a certain condition - why would I want a fixed opinion in a fluid environment? Anyone who places labels on the market will have the problem of recognising change, and the periods of ...

Under which conditions would your trading fail?

That would only be true if they entered randomly, which they don't. They lose primarily because they make bad trades, and whatever they lose to the spread is just the icing on the cake. The poorly skilled traders start in the hole before the spread.

Why are most retail traders usually on the wrong side of the market?

Yes, but I'd say it's the same for everyone. A trend trader who tries to apply their system to a ranging market also suffers mental failure. It wasn't the market conditions that were a danger, but the decision to apply a strategy that wasn't ...

Under which conditions would your trading fail?

I trade the market rather than a system, and if I do it well I can't fail due to market conditions. The weakness is that I must do it well. My flexibility, ability to adapt, is both my strength and weakness.

Under which conditions would your trading fail?

How could this have been overlooked? video And because this is beyond awesome (for those of you who haven't heard this....!??#%@, real song kicks in after 2 minutes). video Talk about butchering a great piece (referring to Tiesto doing Adagio ...

What kind of music you hear while you trade?

If you understand the underlying action, the difference in the CS pattern won't matter. This is why I would emphasis thinking of a candle in terms of what it represents (and then consider context), rather than just trading because you see a doji. A ...

Candlestick Analysis - Do You Use It?