Jul 18 2020 at 12:07
damunwa posted:
...there was once a mechanic who went to visit a client having problems with his very expensive 4 color printing machine. The mechanic looked at the machine, walked around it a couple of times. He took out a listening rod and listened to the machine in a couple of places. Finally he went to his bag, took out a delicate little shiny hammer. He went to a specific point at the machine and with a determined and crafted poise he struck the point with a very precise and calculated hit. Instantly the whirling machine sounds changed and there was a more melodic tone in the air. The machine started spitting out copy after copy at very precise intervals of time. The machine was fixed.
After a few discussions and suggestions from the machinists the invoice was handed to the owner. The owner looked wide-eyed at the amount to be paid. It was a bill for $1320.00.
“You were here for less than 30 mins” said the owner “How do you rate that then?”
The mechanic raised his head from the pad from which he had just written the invoice and looked at the owner.
“Well” he said.
“There’s 20 dollars an hour. And there’s 1300 dollars for my experience in knowing where to strike the hammer “
It’s the knowing where to strike the hammer that’s important in most endeavors.
In trading this is the equivalent to the knowing where to exit in trading.
The exit matters the most.
We don't compete We dominate
Jul 21 2020 at 00:08
Tuxedo888 posted:
divinamarine
Stay with it.
Thank you
"Formal education will make you a living, self education will make you a fortune"
Jul 21 2020 at 07:43
kc8yty posted:There are lot of important factors in forex trading. Risk management is an inevitable element in arsenal of successful trader.
Sharp ratio?
RR/DD?
Profit factor?
Expectancy ?
Stagnation?
Z score?
Or combinations
Real Profit Expert Advisor
Jul 21 2020 at 08:17
The most important factor is indeed stability.
If you have system that has consistent results for years that is sort of Holy grail
I have seen many systems that were like comet, going up fast as hell for a while and then BOOM.
If you have system that has consistent results for years that is sort of Holy grail
I have seen many systems that were like comet, going up fast as hell for a while and then BOOM.
Jul 27 2020 at 02:58
I also think that stability is a guarantee that you are really doing everything right.
Oct 24 2020 at 10:19
togr posted:
The most important factor is indeed stability.
If you have system that has consistent results for years that is sort of Holy grail
I have seen many systems that were like comet, going up fast as hell for a while and then BOOM.
Vontogr, Thank you for the reply. I have also concluded that the mathematical standpoint of degrees of freedom is an extreme important factor - therefore factors in with the stability of the system
"Formal education will make you a living, self education will make you a fortune"
Nov 04 2020 at 09:24
There are several aspects of a good trading system. Risk management and stability are to name a few. It should have a good risk management strategy and there should be stability in profits. This will ensure growth sooner or later.
Nov 05 2020 at 07:06
Consistency and stability are two of the most important aspects of a trading system. They can serve as indicators about your performance and will tell you how you are actually doing. A good risk management technique will also contribute to the different aspects of a trading system.
Nov 05 2020 at 11:57
If you are stable, you are doing good. But it doesn’t mean that you should be stable all the time. Try to improve every second.
Nov 06 2020 at 06:26
A good money management and even greater risk management techniques are essentials of a good trading system. If your profits are consistent for a long time, it reflects your stability and growth.
