I just want to make a short comment here: It seems alot of traders here are going through money management fever I have read entire books devoted to money management and I think it is absolutely necessary in any trading method or system alike. ...

One Way to Develop a Winning System

I highly doubt that. If you come across one with even a 60% win rate over a decent sized sample of trades then I think you should be given the trader of the year award

Exits: Our worst enemy

Good point.... it’s true that with a trend-following system, we can attain overall profit with a win rate < 50%, if our avg net win size exceeds our avg net loss size, by a sufficient margin. The Turtles operated that way. Profit factor is the ...

Exits: Our worst enemy

Ill save you some time.. its all worthless

One Way to Develop a Winning System

It wouldnt produce the same results, only because it would not allow you to follow one of the most important rules of trading: let your profits run and cut your losses short

Exits: Our worst enemy

thats easy... its about 2% of us that would be if you are talking about consistent profit

Who is making a profit?

Pretty cool. but im with Dexis, how is this calculated?

Complex Correlations individual currency indicies

Here you are Merlin: Tom Basso designed a simple, random-entry trading system … We determined the volatility of the market by a 10-day exponential moving average of the average true range. Our initial stop was three times that volatility reading. ...

Exits: Our worst enemy

Successful trading boils down to letting your profits run and cutting your losses short.. (read Mr. Demark's statement above) you can enter randomly, and still make money, but exiting randomly, or having a poor exit strategy is why alot of people ...

Exits: Our worst enemy

AMEN!

Exits: Our worst enemy

No, in fact I think that would crazy, for one can just trade with the major trend in place and have (I think) a 55% chance of making money. My point was only to prove that it can be done, and if flipping a coin produces profits (when using a ...

Exits: Our worst enemy

I had to think about this a while for Merlin makes some good points, and he is correct to some degree, but entries = opportunity to increase risk for a possible profit exits = decrease risk to, as best we can, maxamize profit and minimize loss.. ...

Exits: Our worst enemy

If you have to ask us for affirmation.. then no besides.. tell me this If I said yes, would you know where to put your stop? When to exit the market with a profit, or even a loss? You have to make your own decisions, and follow your trade plan ...

EURUSD

Well, Im going to have to go with anyone here that thinks exits are MORE important than entries.. don't agree with me? allow me to prove it to you.. An experiment was done, and you can conduct the same experiment yourself if you would like, where ...

Exits: Our worst enemy

very simple: Have a plan and stick to the plan the most strategic way (in my opinion) to exit a market is a trailing stop, that way you let your profits run as high as the market can go. You have to accept that you will never be able to get out at ...

EURUSD

I'm right there with you! I love how "experts" keep calling for tops and price is still climbing with little to no retracing

james16 Chart Thread

Blue, Trading is about consistency and discipline. Find an edge that gives you an advantage in the market, use that to determine when to enter the market, and then design an appropriate and strategic exit strategy. You ruin the consistency of your ...

Best trading systems

What a trader should look for, is not the "best system", but an edge in the market and a plan to trade by. I agree with blue to a point and I am most definitely with the indicators are for suckers crowd, but one should have a "system" that dicates a ...

Best trading systems

The key to making money trading is simple.. cut your losses and let your winners ride.. As long as your winners (or for northpro's sake "earnings) are bigger than your losses you can win 3 out of every 10 times and still make money... In fact most ...

One Way to Develop a Winning System

Whatever one's mind can conceive and believe, it can achieve

100$ -->100,000$ (period: 12 months)