Oct 31 2015 at 20:41
focusedfinance posted:
Question - if a trading system has an edge, and say that edge exhibits itself over say 'x' trades, surely things like 1% or 3% or whatever rules don't matter?
All you need is to have enough money in your account for your system to display its edge.
You need to define what edge is. You need to collect the data which exhibits with what risk model will give you what maximum risk in terms of relative drawdown and maximum drawdown and from there form a base psychology mindset to accepting that risk and being comfortable with trading that amount of risk. .
You going to need to be a lot more specific if you expect any type of answer to yourself.
Nov 02 2015 at 19:04
Edge would be a system or approach where the sum of wins is greater than sum of losses
Drawdown (objectively) is less important. Edge / profit factor implies that drawdowns will be recovered. Base psychology would be that an individual outcome is random, but a large number of random outcomes creates profitability.
Drawdown (objectively) is less important. Edge / profit factor implies that drawdowns will be recovered. Base psychology would be that an individual outcome is random, but a large number of random outcomes creates profitability.
If you like it, buy it. If you don't sell it.
Nov 13 2015 at 10:35
kmartyn posted:
3. Worry about entries less and focus on how you're going to exit the trade that makes the most sense. Once you're in the market manage that position.
I agree with this one. stay focus to your position and make sure you're really ready to handle that position...
Nov 16 2015 at 11:47
Learn Good Habits from Good Traders .. this is the fastest way for sure success.
Nov 16 2015 at 15:56
breakforex posted:
Learn Good Habits from Good Traders .. this is the fastest way for sure success.
Yes learn from the best you can find
"They mistook leverage with genius".
Nov 16 2015 at 21:15
It's a matter of personal motives.
Positivity
Nov 17 2015 at 08:29
snapdragon1970 posted:breakforex posted:
Learn Good Habits from Good Traders .. this is the fastest way for sure success.
Yes learn from the best you can find
That's why we are here, a place where pros and newbies exist. Shares some thoughts and experiences and let newbies discover it...
Nov 18 2015 at 07:54
Andika_anjani posted:snapdragon1970 posted:breakforex posted:
Learn Good Habits from Good Traders .. this is the fastest way for sure success.
Yes learn from the best you can find
That's why we are here, a place where pros and newbies exist. Shares some thoughts and experiences and let newbies discover it...
Yup, forex communities/forums is a good place for both pros and newbies to share any kind of questions/informations, just like what we're doing here...
Nov 24 2015 at 07:33
JenalAripin posted:Andika_anjani posted:snapdragon1970 posted:breakforex posted:
Learn Good Habits from Good Traders .. this is the fastest way for sure success.
Yes learn from the best you can find
That's why we are here, a place where pros and newbies exist. Shares some thoughts and experiences and let newbies discover it...
Yup, forex communities/forums is a good place for both pros and newbies to share any kind of questions/informations, just like what we're doing here...
Some might get themselves involved in traders community when they're not much active on forums, but that's the same thing...
Nov 25 2015 at 07:29
Apipfx posted:JenalAripin posted:Andika_anjani posted:snapdragon1970 posted:breakforex posted:
Learn Good Habits from Good Traders .. this is the fastest way for sure success.
Yes learn from the best you can find
That's why we are here, a place where pros and newbies exist. Shares some thoughts and experiences and let newbies discover it...
Yup, forex communities/forums is a good place for both pros and newbies to share any kind of questions/informations, just like what we're doing here...
Some might get themselves involved in traders community when they're not much active on forums, but that's the same thing...
It depends on the situation. Some might having some peers in their area and create a community that unites them.
