Whoooosh! I agree with those who think it's incorrect to conclude there's a large IT base here. Like finance, it's a big field. I wouldn't be surprised if IT represented a larger than expected portion of retail systematic traders, but I would be ...

Geeks and FX

If you thought suggestions of consistency applied to ad infinitum, then I suggest you were considering the statement without any reasonable interpretation. He probably won't become a billionaire, for any number of reasons. There are plenty of great ...

Stop fooling yourself; There is no system

I think it represents the flaw in our measurement of intelligence. Sure, being a genius doesn't guarantee being a successful trader, but I can't imagine a great trader not being highly intelligent.

No more BS - What have you learned?

I would be surprised if that was the case. Programmers and mechanical traders don't rule the markets, discretionary traders do, and I expect most do not have science or math degrees. Quantum psychics? I'd prefer if you didn't use "they" and "we", as ...

Professional forex traders

Without a beginning there is no end, therefore, the entry must be at least as important as the exit. You may think your entries are random, but they're not. You see your edge in your exit, but it's your entry that got you there. It's also far easier ...

No more BS - What have you learned?

It's not an indicator in the typical sense, but a method that seeks to explain the action in the market using volume, high, low, close, and in context with previous action. I think it's very worthwhile becoming familiar with it, but I don't think it ...

VSA learching

The markets are economic warfare - act accordingly. It's not necessarily something I learned from trading, but something I didn't give much thought to until I started trading.

No more BS - What have you learned?

Interactive Brokers, and I expect many others do as well. A stop-limit order is a stop order that becomes a limit order once activated. You can use it to place a limit order above the market.

Trading the News Spike

Slower timeframes, less markets mean more downtime. Also some multitasking element.

Is the Multiple-Monitor Productivity Boost a Myth?

I'm using one of these: image And it's beyond awesome. Well, apart from battery life, but that's only a minor inconvenience for me.

How many of you trade on an iPhone?

There's no shortage of information floating around, and don't limit yourself to trading sites, the internet, or the industry. You'll have to figure it out yourself. You may be lucky enough to find something that works and works well, but most likely ...

Professional forex traders

Forget bad habits. The argument against price every being random is the fact that all movement is the result of underlying action by human participants. Humans are not random, so price is not random. That is the method in your definition.

Pro Traders in a Random Market

I think so as well. Whether it boosts productivity ultimately depends on the individual, but I think it's safe to say that it generally does. I also think that much of the desire for a multi monitor setup is comfort - I don't need 3-4 monitors, but ...

Is the Multiple-Monitor Productivity Boost a Myth?

This. I'm looking at ultraportables (laptops) instead as I want to retain proper functionality. They're pretty light, and in a very slim bag they're no more inconvenient than a slim handbag (which half the population manages!).

How many of you trade on an iPhone?

- Larger in terms of pips, but what we risk per pip will vary greatly. A scalper will certainly risk far more per pip than someone who trades the weekly. - The scalper might make a few hundred breakout trades before the slow trader makes their ...

Weekly and Monthly TF trading - Wow!

It should be for all open trades. If I used 1:1 but had 100 positions open, that's far more aggressive than if I just had one open at 10:1. You're operating at 400:1 on the account balance, but not on your overall capital. It's leverage on total ...

How much leverage you use ?

Yes, but this is a thread about martingale and how some hope to use it to benefit themselves. In your example, it is the increased turnover, and not martingale, that is responsible for the increased profit. As you say yourself, why not just double ...

Why martingale doesn't work in trading

You make a good point, but we're talking about probability and expected value, both fundamental and shown everywhere in the world around us (if someone could prove otherwise, it would almost certainly be beyond my comprehension). It doesn't have ...

Why martingale doesn't work in trading

We need to factor in probability and expectancy when calculating a reasonable sample size. For someone with a 1% edge, 1000 trades is going to be far too few. For someone with a 30% edge, it's plenty.l Maybe not 12, but a few dozen. In poker, ...

Long term Profits within Negative Expectancy

You can't ask someone to respect a view that contradicts mathematics. We're not discussing a subjective matter here. Until the day you don't, and you lose a chunk of your account. Not unless someone was willing to offer increasingly favourable odds ...

Why martingale doesn't work in trading