We don't. Even after losing 30 trades in a row, we're still only 90% likely to win our next trade. The numbers will never "balance" (i.e. experience 30 losses, but don't expect 270 winners to make up for it), but the larger our sample grows, the ...

How to keep in faith with a statistically profitable system?

This. It's pocket change for any trader with 7 figures of capital. I take it you're a skilled programmer, and the $18k is to cover your living expenses while you develop the product? That's the only way you'd get anywhere near that figure

Bloomberg Launchpad

No, 50 accounts bust out each month losing their money to the same 50 winning accounts. The next month, another 50 accounts bust, and the following month another 50, and so on. There are 50% winners over any particular month, but over the longterm ...

How many trade Forex, fulltime, for a living?

Not really. I have 100 accounts at my brokerage, and each month 50 profit and 50 lose. What I forgot to mention was that the same 50 win month in month out, while the 50 losers are replaced with 50 different losers in the following month. After 10 ...

How many trade Forex, fulltime, for a living?

Mini lots don't have a place in this thread, and pip goals are generally meaningless (and harmful, if you stop once the target is reached). People often suggest "I just have to make x per day/week/month), which in my opinion is short-sighted. Sure, ...

How many trade Forex, fulltime, for a living?

This will sound elitest, but I think people who think that way are generally destined to struggle. My bet is that the aim of most successful traders is to grow the account, not to make x pips over y time period. If I required $4k per month to live, ...

How many trade Forex, fulltime, for a living?

I think this is a positive. It's a very different statement to "I am risking 90% of my account on a single trade".

Last words of a trader

Don't assume they are direct opponents.

Who is having the last laugh in the end?

Okay, but what reason is there to share it? How does a skilled trader benefit? To make a living trader is to take from others, so we can't expect them to give without receiving something worthwhile in return. It doesn't really matter if it isn't ...

Ok, Lets do it - Developing a Highly Profitable System

I have to admit I only use candles for aesthetics; in practice I use single coloured bars. It wouldn't surprise me if candles and colours lead us to develop a little more bias. That, and I love the how bars allow the market to give the finger!

Who's Got the Best Chart Colour Scheme

Define "win", "lose", "secret", and "trader". Such statements can be interpreted in many ways. An accurate statement would be that the vast majority of market participants are losing ground to the minority of skilled participants. You're asking ...

Ok, Lets do it - Developing a Highly Profitable System

Not everyone thinks so. My account is -$914,457.73. Damn bucketshop broker sniped my massively leveraged 1 pip stop during the news.

What is your Account size?

HD2. It will also run Android if you want to trade with Oanda or Interactive Brokers. Not for HTC, but for windows and android. There are a few for android, such as Oanda (nice app) and Interactive Brokers (messy if you just want forex), and mt4 for ...

trading via HTC model phones

Method 1 has a significantly higher winrate and ev, so you can be far more aggressive with it. The larger position size will more than make up for the lesser number of opportunities. - Either method would make a trader rich. - Risking 1% per trade ...

Strike rate versus Return on Investment and Turnover

Don't focus on R:R or win percentage. Instead, just focus on making good decsions, the rest will follow. Risk amount - 6% is certainly not too high providing the trader has a decent edge and can tolerate the swings. It is, however, too high if ...

how to trade 1-2 hours / day ?

Points are flying over heads. This is far from the first time such an idea has been suggested, so if you are going to pursue this, you best look at the reasons why these endeavours typically fail. You may not appeciate my "negativity" (I consider it ...

Ok, Lets do it - Developing a Highly Profitable System

Are you aware you're basically just asking for a handout?

Ok, Lets do it - Developing a Highly Profitable System

A group of losing traders isn't going to magically band together to come up with a decent strategy, and what reason would a skilled trader have to share with a bunch of losing traders? I don't want to hold hands dance around rainbows, I want money. ...

Ok, Lets do it - Developing a Highly Profitable System

For those with short attention spans. The more mature of us can dull the colours and end up with my colour scheme. I find blue the easiest colour on the eyes. Not too bright, and with a dark backgroud. I'm constantly amazed how many people are ...

Who's Got the Best Chart Colour Scheme

Trading is like everything else in life: you're either f-ing others, or getting f-ed by others.

Trading is like ...