You should emphasise that this is just your opinion. Risking 2% on less than 60/40 is mathematically acceptable. It's also not reasonable to suggest 40 straight losses as an argument against risking 2%.

Make Millions Trading Fx

I think this is wishful thinking. I expect most people who read this thread will fall into two camps: 1. Those who know better. 2. Those who don't. I don't think either will change (barring the odd exception). One doesn't need to learn, and the ...

Long term Profits within Negative Expectancy

No they're not. The sharper participants don't care, since weak money remains weak money, but mutual funds do not want people to trade for themselves. They make money from management fees, not from devouring the weak participants (at least not with ...

(can) small accounts make a living ?!

It should be self evident. It doesn't how frequently they trade to close a position, because it is always far longer than a small trader. Less exposure. A small trader can open and close a position almost immediately, while a larger participant ...

(can) small accounts make a living ?!

If you knew a trader won just 45% (at 1:1) of their trades, why would you let someone else bet against them?

How the retail Forex works. Dealers vs. Clients

A 10% edge can range from very impressive to marginal, depending on trade frequency. Someone who scalps for 10% can make a tremendous amount of money, while someone who trades the daily for 10% should keep the day job.

What is a 'Good' percentage for winning trades?

They should if they have bothered to compare the variance between a 30% winrate and a 65% winrate. I don't agree. Winrate is almost as important as positive expectancy, and neither alone is significant. They must be taken in context with each other. ...

What is a 'Good' percentage for winning trades?

Small accounts can make a living, through either very hard work, a lot of luck, and through a combination of both. The question is why would you want to try and make a living with poor capitalisation? Yes, the freedom is awesome, but unless we're ...

(can) small accounts make a living ?!

A question like this suggests to me that he's inexperienced, so I'd advise he start with as small an account as possible. How much is enough? Keep the day job until it starts costing you money. It ranges from person to person, depending on factors ...

Trading Capital - How much is enough?

Money management isn't what makes professional "handicappers" rich. In fact, the better bettors don't really handicap, they shop prices and play price movement. No, it's in shopping for good prices. Very few models do well enough to provide the ...

Money Management for the Year Round Professional Sports Handicapper

Don't be so sure. He'd have to pay a 5 pip spread to lose $100k over 2000 trades, trading 1 lot per trade. If he did, fine, but if he didn't, there's something else at work. It would be nice to know the average spread paid. I also question the ...

Why inverting trades doesn't work?

If he is destined to become a decent trader, he would have learned at some point. I don't have a problem with ideas or mistakes, but that idea should never have seen the backlight of a monitor. I thought my response was pretty light. I'm sure we ...

Let's move the market!

My advice to you is to stop taking this personally, and look at why people are criticising you. It doesn't matter whether you thought this probably wasn't feasible, the fact is you thought there was even a possibility that it was feasible. Ideas are ...

Let's move the market!

Don't be so certain. Time alone is not a sample. A month could be quite significant for a scalper, and 10 years may be nothing for an extremely longterm trader. There is no randomness in the market. Being able to view the transactions is more ...

Do you still believe in the perfect trading system?

For all I know, the claims of blown accounts were for fractions of overall capital, and by people within salaries ready to reload the account. Blowing an account is only as significant as how much of trading capital it represents. I could blow many ...

Let's move the market!

Ok, "fail" may not have been the best term to use, but I don't care about their criteria for success. I care about where they are positioned in my environment.

Why are most retail traders usually on the wrong side of the market?

I'm including other participants, but looking at them from a speculator's perspective. Different aims, but the same game.

Why are most retail traders usually on the wrong side of the market?

Threads like this so greatly tempt my evil side. Doubt it. I'd bet most conveniently forget that period of their life, or tell their friends that the markets are a casino. And who has blown 5 or 6 accounts? Learning to trade an ...

Let's move the market!

Gamblers bet both ways, and in my experience in casinos, more people are likely to bet on red to ride the "streak". You suggest that they try to pick tops and bottoms, yet the typical behaviour we see in the markets is piling in the direction of the ...

Why are most retail traders usually on the wrong side of the market?

I can only speculate, but I don't think experience alone can achieve anything. What is experience if we don't learn from it, and apply that knowledge? The ability to do that is skill, so it is skill that matters. Do we need to be experienced to be ...

Why are most retail traders usually on the wrong side of the market?