I said that average trade gains 0.01%, DD was 0.1% (10 times bigger), daily profit usually >0.25%. If you are so smart you can calculate that DD is 2 times smaller than daily profit but it is 10 times bigger than average profit from 1 turn. Anyway ...

The brutal truth of day trading

I checked my winrate and here are the results: 02.08 - 99.8% 03.08 - 99.24% 04.08 - 97.22% 05.08 - 100% 06.08 - 100% Average weekly winrate 99.26% But I don't know why winrate is so important to you. If we make >0.25% daily with minimum DD that is ...

The brutal truth of day trading

Asking questions is ok. Proofing and defending bullshit statements is not. Share experiences is ok. Share dreams is not. For example your have to run fast at night through the forest. More you run more chance you will break your head. Using volume ...

The brutal truth of day trading

I was selling holy grail indicators and signals

The brutal truth of day trading

Trading alone is very lonely. Trading with a group is much fun. You can learn from others, you can discuss the things. And focus on trading (because everyone is talking about trading mostly). But there must be real traders and no newbies or demo ...

The brutal truth of day trading

... said that puffed up, pompous peacock, a paper tiger

The brutal truth of day trading

Do you sell smth like Peter? What is the purpose of that bullshit you post? Can I have 30% discount for your holy grail PDF? How much can I have daily? Aussie says even a kid can have 7% daily. How about you? Can I trust you? Can you open more than ...

The brutal truth of day trading

There is no sense to trade crypto on forex since it has 1:50 leverage max and this is not the problem. The problem is that it is nominated in dollars! It is better to trade perpetual futures nominated in btc, because in this case there are no spread ...

The brutal truth of day trading

Please stop teaching them. You and RickM give too much info for that lazy line drawers Let them fill our orders with their fibo bullshit and risk reward ...

The brutal truth of day trading

You are right. With your chart better not to trade or look for another market. haha that's better

The brutal truth of day trading

Nice colors!

The brutal truth of day trading

Wait a minute. EU bullish you said few pages back?

The brutal truth of day trading

I have to add one thing for those who don't believe in math. Check this -0.53% level from daily open. image This is exactly -0.25% level for EU (master pair). That's why 0.1 lot size for EU = approx 0.05 for xau and so on. When I see random drawn ...

The brutal truth of day trading

Exactly! For example yesterday morning mt5 was not working on ICM. Even mobile. What If I had positions opened? Disaster! Everything is against us: spread, swap, slippage, connection problems, fat fingers, bad decisions, no volume data (haha). So if ...

The brutal truth of day trading

This person does not look rich. He looks like he has to tell the bullshit 5 days a week for a salary Be honest. Where did you get these EAs? On forum? If you created them yourself how much time did you spend for the algo? Let me guess your EA ...

The brutal truth of day trading

Sure you can say that. I just described to BW why the winrate is so high, also I said that it doesn't matter much, DD matter and profits. This is my trading strategy. I don't close first position in loss. Never. I made millions of tests and didn't ...

The brutal truth of day trading

Because as I said max lot size to trade on 10k account is 0.1 (for EU, and approx 0.03 for XAU, 0.08 for GU and so on). Trading on 1000$ account will be possible only on EU, since there are no 0.008 and 0.003 lot sizes for xau and gu. There will be ...

The brutal truth of day trading

A have no right to say what strategy he is using you better ask him (and I don't know in fact). As I understand we have a different approaches especially with averaging and hedging techniques. There are no "one scalping strategy". For example I ...

The brutal truth of day trading

Wrong calculations. Imagine you have 10000$, then you must trade 0.1 lot size on EU. Average gain (fees deducted) is 0.01 - 0.005% per trade. 50 * 0.005 = 0.25%. In fact average daily profit is from 0.25% to 0.75%. So it is 25$ daily from 10k ...

The brutal truth of day trading

Here we have several options: 1. They said that it is impossible to earn from scalping. 2. The same time they are proofing that statement drawing random bullshit on historical charts. RickM is trying to show that it is possible and a) drawing ...

The brutal truth of day trading