I could not have made the joke I made if I was not already aware of this.

A Quiz about Money Management

Not having lost a trade in 60 trades is extremely suspicous. Either you're unbelievably lucky, you're lying, or you're trading with an extremely high risk-to-reward. I suppose you could also trade 20 pairs, but between correlation and the spread on ...

The Reason why 95% Traders fail

Any decent gambler knows not to bet Full Kelly .

A Quiz about Money Management

Depends on how many lessons need to be learned. For me, 5% per lesson would not have been cheap .

EURUSD

And I'm doing the same. This is an argument, as we're disagreeing and discussing points. It doesn't have to get fiery or uncivil to be an argument . I didn't do this. Margin for error. We don't know the true expectancy for either strategy, and ...

A Quiz about Money Management

I didn't say that at all. All I said was that the financial risk of both bets were the same, while you were suggesting that they were different. Both in your example risk $10, that is fact. You made no mention of return. You stated only the risk and ...

A Quiz about Money Management

No, this is just part of the problem that many traders don't understand the underlying mathematics of trading, and this is far from the only pitfall. I handle it by not having it in the first place. Your post suggests you think it is a universal ...

The REAL reason why nearly every trader fails. Can you solve this trading dilemma?

Both of these are personality flaws for a trader. Yes, some famous traders hate to lose, but it doesn't make it a virtue. The quality we really want is not to hate losses, but to hate bad trades. The need to know we can be wrong more often that we ...

A Quiz about Money Management

Consider that most other skilled jobs require a longer period of training, and you might realise 6 months isn't long at all.

EURUSD

I hope I got my point across, even if I caught a bit of egg on my face. I hate public holidays and never think of or remember them. Jhig, it's not an investment, just a trade lasting a year. The same kings of trades that I'd make for intraday or ...

EURUSD

In a perfect year, I'd take one position on the 1st of Jan, and be done for the year.

EURUSD

There's nothing wrong with being polite, but remember that we're all after each other's money .

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If you want to feel a sense of brothership, I think the markets are not the place for you. Laws of nature apply.

EURUSD

I wish. Imagine the retrace .

EURUSD

Whether 1.33 is low depends on what happens when we get there. Dollar doesn't need to be strong, the euro just needs to be weaker.

EURUSD

She be a harsh mistress if ya don't protect yaself and let her do her thing.

EURUSD

Trying to be a hero isn't healthy for a trader's account.

EURUSD

In my limited experience, I've never had a poor entry yield a profit. This is a good point. If our analysis says it's a better play to stay in, and it doesn't work out, then so be it. It's only greed if there was no reason to stay in the trade.

EURUSD

No problem, it's easy to misunderstand someone when not talking in person. It does display the moral dilemma of trading though. I imagine most of us love some good drops, despite it being a reflection of the negative climate in the real world.

EURUSD

My comment was tongue in cheek. What good is some money in my pockets in the event of the collapse of civilisation? It would be fuel for a fire, at best.

EURUSD