Does not matter. I lived and saved money while I worked on the East Coast of the USA. I declined my employer's offer for Green Card sponsorship. My savings flowed into Indian stocks which eventually helped me for early retirement. If you think this is something to be sarcastic about, I chose my way and am happy about it. I certainly did not like somethings there, say, drug culture, woke attitudes, health insurance and lifestyle on credit besides several other things in that country. Hey, that is my choice and I am happy about it. Still I like the USA as a country that gave me a career start, and, I have many friends on the East Coast. It is simply not my place of choice to live. I know what I traded the lifestyle for. Financial freedom for life is priceless.
Damn, I'm struggling to make 5% a month... 30%/month for 18 months, i'd have 3mil in the pocket. What do you trade?
I follow your journal on automated trading. I trade manually. Please leave 'damn noobs' alone in our world of bare feet, dirt floors and train wreck scenes.
Wow, you're lashing out at the wrong person dude. I don't think I made fun of where you came from. Whatever, peace.
What's the difference between low win rate and high r:r and high win rate and low r:r? If they both produce postive EV?
I'm not (overtly) racist/classist. I had to respond to his 30% comment. This place is an asylum. Nobody with any level of financial sophistication over the age of 13 would utter something so ignorant.
Most people on this forum think he is a scalper. He is not really a scalper. He is a very smart guy. He takes setups with low win rate but he exits part of the trade at scalp profit and lets the balance run. He captures a high percentage of the trend run. In my own approach, I capture lesser percentage of the total trend run. Basically he is a breakout trader hoping for a big trend. If it reverses after hitting a nearby target he exits the balance on BE. I am not that good at trading. Unfortunately for the poster on this thread who attended his live trades, he(the poster) did not get to see the trend run because of the low win rate. The probability concept of the 'law of large numbers' makes Al Brooks live teaching very difficult. In the first place many traders never study probability. That is a big handicap.