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- TraderLT replied Jul 1, 2014
This article complete nonsense - nothing more than financial entertainment. Edward Thorp ran a hedge fund for 19 years - annualised return of 19% p/a. 227 winning months, 3 losing months (drawdowns less than 1%). If you had a 50/50 chance of winning ...
- TraderLT replied Jun 23, 2014
Totally agree. I'll blame the HFT algos
- TraderLT replied Jun 23, 2014
Ok yeah maybe that was a bit over the top! I don't honestly think brokers teach people how to trade a certain way just so they can run them over en mass. I guess teaching the technical analysis is quick and easy for the brokers and it encourages ...
- TraderLT replied Jun 23, 2014
Exactly Magix! - You want an independent L2 which shows participants from many large institutions. Working off one broker is a small sample - but I'd argue there is value there. From a sentiment level. I use IG index for spread betting and I love it ...
- TraderLT replied Jun 23, 2014
Because it's a visual representation of what price has done. Which tells you if the market is being bought or sold more in certain timeframes. This is important information. You could work out everything you need to know without a chart - but it ...
- TraderLT replied Jun 23, 2014
If you are a market maker - it's not just the price chart. Level 2 quotes will tell you where the orders are positioned. So you can see the price where people have stops in the market. If someone wants to sell 50 million euros and a ton of buy stops ...
- TraderLT replied Jun 23, 2014
That is a great analogy. When a fund manager is building a client portfolio - It doesn't start with the charts. It starts with building ideas that indicate an inefficiency in a market. You have an idea based on something you know - ie. a change in ...
- TraderLT replied Jun 20, 2014
Ok so for the purpose of going back to healthy discussion: A thought - How do you know that you have a sufficient sample size to prove if a method will work over the long term? I'd say that it's pretty difficult to measure this in Forex. Has anyone ...
- TraderLT replied Apr 23, 2014
There are some real, genuine, profitable and helpful traders here. Some of the greats have gone now - but you might be surprised. It's a good idea to start by assuming everyone is a scam - but don't talk about it in a public forum because anyone who ...
- TraderLT replied Apr 17, 2014
A lot of proprietary trading is very short term. No overnight risk with very very tight stops to get good risk/reward. What I think Squeeze eluded to was that on a retail platform - you are going to pay at least 1 point spread. Account for slippage ...
- TraderLT replied Apr 8, 2014
Theories about trading will stay as theories until proven/disproven. Problem is that most people don't have the ability to test theories over a large enough sample size - so a reasonable answer is never found! Different trading methods (or theories) ...
- TraderLT replied Sep 4, 2013
Spoilers: 99% of forex trading strategies will give you binary returns. Periods of success followed by inevitable drawdowns that will exceed periods of profitability over time. A good system today may be a terrible one tomorrow or vice/versa. I'm ...
- TraderLT replied Aug 4, 2013
You can trade without an SL if your position is so small that 200+pip movements don't impact your P&L much. For the benefit of the 99.9% who don't have an account balance to allow this kind of trading, use a stop loss. If your stop is 5/7 pips ...
- TraderLT replied Jul 29, 2013
Regulation of brokers is a tough one, as your personal protection is mostly down to the country that you live in. To take the MF Global example - anyone with MF global funds under £50,000 were protected in the UK. Same as what happened to ...
- TraderLT replied Jul 27, 2013
I will write more on this topic later. I've got stuff to do now but just wanted to quickly add - For anyone working on becoming consistent (the step before profitable) - Sticking with the same level of risk for a mechanical system (eg. 1% per trade) ...
- TraderLT replied Jul 27, 2013
Position Size and Money Management I've been wanting to post about money management for a while - because I believe that this is the second most important aspect of getting your trading right. (1. Psychology 2. Money management 3. Trading system) ...
- TraderLT replied Jul 26, 2013
I think it's all been covered but the reason why binary options are bad are as follows: 1. With standard CFD trades - you only need to care about the price. ie, I believe EURUSD will go up by 50 pips before it goes down 50 pips. With binaries you ...
- TraderLT replied Jul 25, 2013
Okay Cluing, Being trigger happy is natural. No one wants to miss out on trades that will add to their p&l. It is best that you take a step back, and focus on your process without your psychology messing you up. Go back to demo. Don't worry about ...
- TraderLT replied Jul 25, 2013
Hey Cluing, thanks for the honest comment. I've got a ton of paperwork I need to get out the door today so I'll write a propper reply with some thoughts this evening. I'll tie this in with my next topic which will be trade size and money management. ...
- TraderLT replied Jul 24, 2013
I could never get on a desk at Goldman but I would say that I think they would only take on a trader with the correct psychology. Using your car driving example - Many people learn how to drive in practical lessons but when it comes to a driving ...