There is no good Trader in the World .......

biosko posted:
Just trust people with atleast 1-2 year live performance. Track like from mr Gary Sharp is not enough to prove that his system is stable. But when someone will prove you with track where its like 5% per month for 30 months it will be great. I just not understand why there are people presenting with their 6 months tracks which are not prove of success.

Great point. Can you give us a few examples?

myfxpt posted:

biosko posted:
Just trust people with atleast 1-2 year live performance. Track like from mr Gary Sharp is not enough to prove that his system is stable. But when someone will prove you with track where its like 5% per month for 30 months it will be great. I just not understand why there are people presenting with their 6 months tracks which are not prove of success.

Great point. Can you give us a few examples?

I have just 1 year live track here on myfxbook thats why I am not telling you look at me because I am not meeting yet my requirements BUT I am not advertising myself and my system here even I made 5% per month for 11 months.
I just dont understand people that they advertising their new accounts with few months of performance luring new investors into it and guest what? After few month they disappear because their trading is based on luck. They were lucky for few months but their system will not work for 2 years with constant income. Thats why majority of users here advertising here only new accounts or account with 6 month history. Just do research for yourself.
Or put track on some account of advertisers here. They will be all closed soon or later. Or just open topic with name FX Manager board and tell how many accounts are still live from this topic with 40 pages.

biosko posted:
I just dont understand people that they advertising their new accounts with few months of performance luring new investors into it and guest what? After few month they disappear because their trading is based on luck. They were lucky for few months but their system will not work for 2 years with constant income. Thats why majority of users here advertising here only new accounts or account with 6 month history. Just do research for yourself.
Or put track on some account of advertisers here. They will be all closed soon or later. Or just open topic with name FX Manager board and tell how many accounts are still live from this topic with 40 pages.

It's the trader's mindset biosko. When we are successful in the short run, we think it's going forever. I want a long record too but, I rather have a hot streak now than 2 years ago. Look at last 3 month of some of the high return systems with 30 months record that you like, they are flat or going down. If you follow them now, you'll probably lose. So why not follow someone with a short record but going up.

Hi there godfather,

I agree with that if a trader can't trade a 100usd they surely can't trade bigger account. Well its about risk percentage.

Track my account for some months and let me know what you think 😄

https://www.myfxbook.com/members/supertrader91/superb/450775

excellent point Mike Yap

Mike, you should have hot streak for 2-3 years to be successful, trading is not gambling or luck.

Does anyone remember Nylex corporation during the 1980s? It was reported in the press that 'had you invested $1,000 and re-invested the dividends, you would have turned your initial $1,000 investment into $10,000.' Of course, this article was printed after the fact, but that did not stop naive investors from jumping on the wagon with the expectation that Nylex would continue to rise in value. Meanwhile, seasoned investors were liquidating their positions. Shortly thereafter along came the 1987 stockmarket crash.

It's really difficult to determine in advance which system, strategy, or manager will provide the greater reward (or loss!), just as it is difficult (maybe impossible) to determine in advance if a trend will continue, and how far it will go. So why waste your time trying to figure it out?

Just focus on what DOES happen!

2-3 years trading isn't guarantee for trading success.we musn't get overly speculative.simple

I hope I'm building up to that biosko. I learned how to figure out my losing streak based on current win/loss probability. Now I know how long to wait out a losing streak before changing to yet another system.

@Mike Yap yet again another sound contribution.How i wished most folks that posted in this thread would relate with your opinion.Anyways i had 170 trades 2losses manually within 3months at a time and another time my losses equaled my wins.it's Life.Guess we have to give some space for some few wrongs

I think trading is and can be predictable. I dnt believe that luck or chance is a factor in trading. I believe if one sits down and plans on how to trade and develop a system with positive expentacy he/she can out last the market . there are no new market conditions that can make a system fail. The weakest link between the system and market is the trader behind. The pyschological make up of the trader is very very important.

@Kebaya Mwamba Well Said.your comment is a reflection of nothing but intelligence.I wish when people seek investors for their funds it they could see it through this viewpoint.Now the difficult part yet the more important aspect is people need to see thru beyond the statements or records into the psychology of the trader based on time.Cause at some point the best of trader would have loosing runs and at some other point very good results...Consistency in forex is a myth.It's pure business.Not too many companies have started and remained in business beyond 5years..

All the best.Thnks for this thread,comments and suggestions everyone

This is where I learned how to figure out a system's losing streak and what it's really for.

The formula in the slide is wrong. Should be: LS = ln( #ofTrades) / -ln( probabilityOfLoss )

Knowing this streak gives me the confidence to wait out a drawdown. This will not help if the system does not have any edge at all. It has to be positive even if it's small as a casino's edge. Then just keep on trading the system until the cows come home.

Well m the posts i read here i know why over 90% of people in fx can't win consistently.this thread is a reflection of many folks that fall in this category and a few wise men

madeeasyfunds posted:
Well m the posts i read here i know why over 90% of people in fx can't win consistently.this thread is a reflection of many folks that fall in this category and a few wise men

I think i can win consistently :)

My account https://www.myfxbook.com/members/supertrader91/superb/450775 😄

supertrader91 posted:
My account https://www.myfxbook.com/members/supertrader91/superb/450775 😄

then why did you hide your 'Trading Activity'?

Composer posted:

supertrader91 posted:
My account https://www.myfxbook.com/members/supertrader91/superb/450775 😄

then why did you hide your 'Trading Activity'?

Its my private system.

supertrader91 posted:

Composer posted:

supertrader91 posted:
My account https://www.myfxbook.com/members/supertrader91/superb/450775 😄

then why did you hide your 'Trading Activity'?

Its my private system??

then why are you showing that in the public if its private?
and second thing.. if you would have win constantly then you would have a long time record. i can also show you a record of three days where you can see over 600% monthly..