Breakout trades usually have a win rate of around 35-40%. How do you pull it up to 70%? (if I'm not mistaken)
How would you describe your method in a few statements?
I consider fees and other trading costs as inseparable part of trade P&L.
Did you lose 80% in a single trade on your live account?
I do not find volume useful. If you look at long term trends, what does it matter how much volume there was on any particular day? The only useful...
Intraday trend following implies that you can successfully guess when the corrections of the main long term trend will happen. I doubt anyone can.
The events you mentioned are random and unpredictable. No amount of fundamental analysis could have predicted them. Your question is a very good...
The example numbers I provided are for a long term scenario.
It's a long term game. A fund giving 15% CAGR with 30% max drawdown beats the S&P 500 with its 8% CAGR and 60% max drawdown.
Trade long term, keep the day job. There is no reason to day trade.
This question is meaningless without the context. But if you want something useful, you can easily find the answer to your question by backtesting...
That's all fine in theory. In reality you don't know the true odds of winning and the ratio of average win/loss. Both are needed to calculate...
Don't paper trade. It's a waste of time. In my opinion, a better approach is to start with real money, but risk very little per trade at the...
That's not true. You may lose much more than that if you hit a larger drawdown than your historical backtests show. The quote you provide is about...
That's beside the main point. It's the CAGR to max drawdown ratio that matters, not CAGR or max DD in isolation. It's also the bias of hindsight....
Yes, I saw his recent updates to the FAQ (most recent March 19). It seems to me he is focusing on selling his trading tribe workshops for $3500 a...
I use 02:00 AM CT as opening time for currencies and 16:00 CT as closing. This would approximate the London open. To me London opening makes the...
There is a time stop and the hard stop. Hard stop should not be delayed by time as it defines your max risk per trade. You want your max loss to...
Nat gas o_O My system has been riding nat gas long since October 1st, meanwhile the numberlines for nat gas are pointing nowhere :wtf:
This post is talking about confirmation of A after it failed initially. That's a different scenario.
Separate names with a comma.