and has it all been a waste ? your results are self explanatory but I'm currently going through this hell. And every day I question if I should quit it altogether. But I always end up "I've been in the game for 4 years don't want those years ...

The Life & Times of suFreshFX (Based on a True Story)

if we followed rag to riches concept after 2 consecutive losers your account will reach max DD 10% and 2 consecutive losers occurring in 40sample trade is 99%, out or 480 100% once the acc reach a certain DD over 25% it's going to take 1.5x the gain ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

I'm not so bright in the math department, and statistics and probability ? not my forte, I may have been wrong there but I assumed the person who did that calculation with 97% win rate system wouldn't butcher the numbers. I have found a steak ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

series length : 40 streak length : 25 win rate : 50% streak probability : 0% streak probability stays flat at 0% after 25. losing two trades in a row is 99%. lower the sample size lower the streak length higher the streak probability. for instance ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

when you have 97% win rate the more trades you take your chances of encountering 2 losers in a row increases. I don't think this way of trading is sustainable in the long run or is advised at all for people who's got below 50% but OPs idea of 9 NTW, ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

I won't call tops, bottoms I won't trade at all if my MAs aren't in their correct order. I will only trade trends I will stick with DAX, only Grass isn't always greener on the other side.

Journey to consistency

It's amazing how we can't follow a trend instead try to call tops or bottoms, while I was getting in and out of trades DAX has risen over 100pips from Frankfurt open. Usually on days where it's trending strongly unless there's a top or bottom ...

Journey to consistency

you pretty much explained the psyche of a consistent trader, can't get any more in depth than that although the chart is missing, I got all the points and highlights. Getting at a minimal loss once you're proven wrong seems like a tricky game and ...

My way to highway

since I went against my rule taking rest of the day off if I go on I'll probably do more damage than good.

Journey to consistency

new low DD is -6% think I overtraded today, went down to 2m for more precision, lower TFs just over amplify my impatience and lack of discipline. shouldn't go lower than 5m.

Journey to consistency

back to BE

Journey to consistency

DAX short I always seem to miss the "big move" at the open.

Journey to consistency

Hope you had a well deserved good rest PF!, always enjoy your long write ups on risk and MM. Everyone seem to go gaga over a profitable system and yet few realize the significance of risk management , many are tempted to turn 100$ or 500$ into 6 or ...

My way to highway

missed another long entry an hour earlier. Net for the day = -29 (no pip count) Drawdown for the day = -2.9% its alright Drawdown for the year/week = -5.4% have to keep it within 5 at most at 8% on a side note : traded nasdaq on my seperate demo, at ...

Journey to consistency

DAX short +11pips

Journey to consistency

fair enough. you just have to keep doing what you have been doing non stop.

Petty $25-Amount spent every week on Smoking Cigarettes

Net for DAX +9pips I took profit before it hit my target area. Don't think anything interesting will happen now. I will come back at US open.

Journey to consistency

I'm talking too much and not trading enough. Cut the crap. DAX long missed 40minutes into Frankfurt. 1 short going now aiming for 13063-13053

Journey to consistency

Think I still need to work couple of months on Nikkei, DAX open setups on demo. I checked out GBPUSD, the spread is 2 and the daily range is on average 70pips but there will be bad days I just need to acknowledge that. I am ready to go live on GU ...

Journey to consistency

3 years full time. 12 hours a day. That's about it ! if you're doing it part time 3 hours a day, maybe 5-10years.

How many years to become profitable?