1. Obviously the entries should be made in their own right, and not simply because the position is profiting. Either our original analysis is still strong enough to justify adding some entries, or it is not and we need to wait for a pullback etc. If ...

Statistics to Trade By

Half a dozen years ago, ABC/robotic poker strategies worked, so they would be no different to what a mechanical trader would do. I agree from one perspective, but BJ just doesn't require the kind of analysis that trading or poker require. In BJ we ...

Poker vs Trading

It's all probability and statistics. Card counting is actually the least like trading, because all information can be known. In any of these activities, we are using systems. It might not be a conscious system with a few rules, but one developed ...

Poker vs Trading

Incorrect decimal.

Attracting Investor Capital

Bang.

EURUSD

That was actually a display of lack of excitement. I had a revelation this week realising that emotion is quite important in trading, at least to me. Not in that it should affect decisions, but in terms of motivation and satisfaction. You'd make ...

Attracting Investor Capital

Poor souls. I think trading is easier, far more profitable, and far less time consuming.

Poker vs Trading

Little league is pretty appropriate for me. I've got a long way to go, but I like to think ahead. Bunt. How unsexy. What's a 20% drawdown if the account is up 200%? I really hope that I don't have to put up with such anal drawdown requirements. Then ...

Attracting Investor Capital

I consider the weakness to be my money or OPM. No reason not to do both. I plan to at some point. I'd do just that if the money was pooled, but why if they're separate accounts? I can understand making the same trades, but if they're different ...

Attracting Investor Capital

I've pointed this out a dozen times to various people, including on forums. Many people will still reject it, likely because they're being so defensive about the negative connotations of the word, that they can't accept the proper definition. In ...

Poker vs Trading

The more aggressive we are in our own trading, the less investor capital is worth. I've seen drawdown of 5% mentioned here, which to me is quite ridiculous. It requires a trade size that wastes good opportunities, and I imagine I'd have to drop to ...

Attracting Investor Capital

Maybe, but a poor place to short imo.

EURUSD

Unless it's third time lucky for shorts.

EURUSD

Sorry, it was a rhetorical question, intended to draw attention to the post I quoted.

The 5 Steps to becoming a trader

Ah. Talked myself out of a 3416 short, thinking that it's too late in the "wave". Thought I'd left that in '09.

EURUSD

So, having too much of more than we need is a desire to have more than is needed?

The 5 Steps to becoming a trader

Depends on the type of poker game you're playing. Heads up, and you'll be playing most hands, if not all. Consider all poker games as one big game, and you have something like the market. Many different strategies, most participants not in direct ...

Poker vs Trading

A range bar is a candlestick/bar, but rather than being measured in time or ticks, it has a defined size. Example, a 10 pip range candle will stay current until it covers a 10 pip range, and once price moves another pip, the new candle is started. ...

Range bars - anyone trading them?

It's not so bad, it was a legitimate brainfart and we all get them from time to time. There have been worse answers, and by people who didn't know better.

EURUSD

We're not talking about just anything, but 60 successful consecutive trades. I also mentioned a third possibility, which you conveniently seemed to ignore. Don't know why I bother.

The Reason why 95% Traders fail