If you have a profitable setup, its just a matter of repeating it over and over, so even if you think it's 50/50 at a certain point its best to let it play out and honor your stop as otherwise you're starting to dip into the guessing game which could massively effect the profit factor of your setup. Of course this is all assuming you have a profitable and repeatable setup, but if you don't than the question is kind of a moot point anyways because you're guessing to begin with.
I agree with you, but on the other hand you can ask the same question for all these sportsmen that promote all kind of products (Coke, Nike...). Why don't they enjoy their billions? Each human being has his own priority list. For example: For some people money is number one, while for others quality of life is number one. But everybody who has comments on other people make the mistake to think that everybody has the same priority list as they have. Which is definitely not the case. That's why it is also utterly nonsense to post what many ET members post: "If your returns are real you should be billionaire." All depends on the priority list of the trader who tells he has high returns. You can perfectly have huge returns and not be a billionaire. "Over the course of a 29-year stretch of managing proprietary funds, Brandt has seen average annual gains of 42%! And during this time his worst annual performance was a pedestrian negative 8%. " So he is not an idiot and has more knowledge about trading than the average ET member I think. Why not make some extra easy money. Not much work and about $500 per person per year. Can be acceptable. He probably cashes in a multiple from what most people earn in a full year, of 40 hours a week, working.
if it's 50/50, it's no long high probability. At this point it's a different type of trade, does it meet the paradigm shift? Either stay in and torture yourself, double down and torture yourself some more, or get out. You know "high probability trade" is just another catch phrase made up by non-trading authors and talking heads to promote their success ...
Folks really will believe anything. What a bunch of losers! You would never see the real heavy weights in the game vend courses--- marketing seems to have a very real hold on the same people obsessed with the market--- sad
Once again you are obfusicating facts. Sports stars promoting coke or whatever are far different than the same sports star promoting courses on how to be a sports star. Since you don't even understand probabilities , i can see why you cant see the difference here. I'll let you in on a secret. The ONLY real way to judge performance is to talk to the traders investors. Everything else is a smoke screen self marketing front.
We apparently have a different view on trading. As I would never show you my performance we cannot verify who is the best trader. But in the statement below, that show the difference between you and me, you are the Nasa and I am the Russian guy (although I don't like Russians): "NASA spent Millions to Develop a Pen that Would Write in Space, whereas the Soviet Cosmonauts Used a Pencil"
Mtrader, post: 4361008, member: 422585"]We apparently have a different view on trading. As I would never show you my performance we cannot verify who is the best trader. But in the statement below, that show the difference between you and me, you are the Nasa and I am the Russian guy "NASA spent Millions to Develop a Pen that Would Write in Space, whereas the Soviet Cosmonauts Used a Pencil Great post! Yes, disagreement is why the market works.