i almost died lauging when i read this. not because its wrong or anything. its just funny!

Is high leverage really bad for traders?

i agree with FXTerminator that the leverage on your account really doesnt make a difference. its up to you to decide how much you will risk. lower leverage keeps you from going crazy though as far as risking all of your account leverage, well ...

Is high leverage really bad for traders?

this is how it gets you say you have 1000$, a system with 50% winrate and 1.00 payrate. no spread. this is coin flip first trade you bet all your money => 1000$ your win! now you have 2000$ 2nd trade you bet all your money => 2000$ you win! now you ...

Mathematical reasons why MOST DayTraders & scalpers fail?

its a balance high winrate = low drawdowns high payrate = more money the low drawdowns part is obvious, if you dont lose 10x in a row you wont have huge draw downs the "more money" part is because if money management. the most you can make on a ...

Is a great % of wins better than more pips ?

only when necessary

Mathematical reasons why MOST DayTraders & scalpers fail?

Money management — the reasons scalping seems not to work are money management and low payrates ( you can call it risk:reward if you want to also, but I find that deceiving) payrate is basically the tp/sl. lets take 2 systems 5tp-32sl with a ...

Mathematical reasons why MOST DayTraders & scalpers fail?

Its hard to argue with crazy logic but let me give it a try. supply and demand: say you have 2,100 gizmos for sale at $25 each. 2,200 people really want a gizmos. The price will go up until only 2,100 people want gizmos. Now lets say you have 30 ...

This so called "self-destruction" of trading systems...

so your thesis so far: 1) everyone should share their system 2) there are already really good public systems 3) no one uses the public systems correctly so, people who spend months or years working on their own system should just take a chance and ...

This so called "self-destruction" of trading systems...

as i pointed out earlier. 30 million lots are traded daily on the forex 2,100 million shares are traded on the nasdaq alone. 70x more units are traded on the stockmarket then in forex forex has much *less* volume then the stockmarket based on units ...

This so called "self-destruction" of trading systems...

everyone talks about how much money goes through forex a day. I thought we should break it down. 2 trillion dollars a day. thats $2,000,000,000,000 1 lot is $100,000 so 20,000,000 or 20 million lots a day in forex nasdaq traded 2,143 million stocks ...

This so called "self-destruction" of trading systems...

I think people like to concentrate on emotions, discipline ect because its the easiest part to do and the most glamorous. Like those fighter jet movies, the pilot is way cool because his is so calm and cool, there really isnt any mention of the ...

Is the "system" part really so easy to come by?

i wasnt encouraging you to bet more, i was encouraging you to prove your system could handle a 2%. if you take you last 100 trades stats ( if you dont have 100 trades you shouldn't be live) payrate = total amount won/total amount lost winrate = % of ...

Money Management Strategies Thread

you need more then just random risk percentages. you need to know how much your system can stand (and how much you can stand) I keep a running average of my last 100 trades (as systems do change) you need your winrate and your payrate (profit loss ...

Money Management Strategies Thread

instead of going from the oldest bar in time to the newest bar in time to find the trend , it goes from the newest bar to the oldest bar. so as soon as it sees a trend it will repaint everything to show you that trend. unfortunately in back testing ...

SHI Backtesting

math is very important. if you dont know what chance you have of winning you are just playing the lottery. there are really 2 paths to take: 1) get trading in the zone and you will make money when your aura is green and the weather is great. You can ...

How important is a knowledge of maths?

you cant know how much to bet until you know your system. I keep a running average of my last 100 trades (as systems do change) you need your winrate and your payrate (profit loss ratio). from there you can do basic fixed fractional betting plan. ...

looking to build aggressive MM strategy

gft is a very reputable company. there are 2 things to note before using them: 1) they do not offer micro accounts. You can get a mini but IMO the minimum you should start a mini account with is 2000$. 2) their system is different then everyone ...

A mini account with GFT....Good or Bad??

you are obviously right about this. there are only 2 times that the market hasn't come back, the high and the low of a pair EVER. That said it brings 3 issues. 1) there is a chance that when you are in the market it will set its all time high or all ...

Non-hedge Grid Style Trading and Money Management

he might not be scamming you, his site might just be messed up and he cant keep up with every thing. to me this is the same thing, if you promise something and you dont deliver it then you are trying to rob some one or you are accidentally robbing ...

I may have been dooped

I have actually tried a method like this before and tested it live with 1cent pips. The method was like this: Basically there are resistance lines every X pips. I went for 25pips on euro, the whole numbers seemed to get hit more often and the euro ...

Non-hedge Grid Style Trading and Money Management