Success in life and in Trading

Discussion in 'Psychology' started by zdreg, Jul 7, 2022.

  1. SunTrader

    SunTrader

    Throw out meaningless RR's
     
    #71     Jul 8, 2022
  2. Hello Millionaire,

    That system exist. ALL SYSTEMS EXIST.

    The best mindset a trader can have is to know everything exist and best to be clueless of what works and doesn't work. EVERYTHING WORKS.
     
    #72     Jul 8, 2022
  3. Millionaire

    Millionaire

    Congratulation you will be rich very quick.

    Just bet using half Kelly, 15%, you will be able to turn 10K to 1M within a year.

    Let us know how you get on...
     
    Last edited: Jul 8, 2022
    #73     Jul 8, 2022
    SimpleMeLike likes this.
  4. Millionaire

    Millionaire

    Yes even high win rates like 90% win rate work (with RR of at least 1:1) if you have insider information.
     
    #74     Jul 8, 2022
    SimpleMeLike likes this.
  5. Hello Millionaire,

    Why is insider information required? There could be a trader or trading system in the world that produces such trader performance.

    Full Disclaimer: I am ONLY a consistent profitable trader for 2 months now. Please see my comments as my opinions only. I have zero proof of anything I say longer than 2 months. My comments are probably worth a penny with a hole in it or the dog poop at the dog park.
     
    #75     Jul 8, 2022
  6. Millionaire

    Millionaire

    Yes there could be, but if you really want to find it then you could end up spending your whole life searching for it with no guarantee that you will find it.

    This is called the 'Search for the Holy Grail', some traders spend their whole careers looking for that system or method that will give them very few losses.

    I think you maybe on that search at the moment.

    I realised quickly in my career that high win rates are not the aim. Instead i should look for big profits instead. Win rates below 50% are not a problem if you have a decent positive profit expectation/edge.
     
    Last edited: Jul 8, 2022
    #76     Jul 8, 2022
    SimpleMeLike likes this.
  7. Hello Millionaire,

    Thanks for the help sir.

    Cool beans, I am off that journey.

    as you said earlier, it is best to just focus on winning alot on "average" over XXX-X,XXXX trades for the next Y-Z,ZZZ years.

    We agree?
     
    #77     Jul 8, 2022
  8. Millionaire

    Millionaire

    Well i do agree. But don't stop just because i recommend it. You should do your own research and prove to yourself.
     
    #78     Jul 8, 2022
    SimpleMeLike likes this.
  9. albion

    albion

    But are you willing to die making it to your mailbox and back?
     
    #79     Jul 8, 2022
  10. blink18

    blink18

    He will be remembered as that guy who died falling from chair with his pants down with trading platform on monitor1 and pornhub on monitor2. Forget stories about brave trading heroes risking their life while saving nation and defending portfolio against enemy.
     
    #80     Jul 8, 2022
    albion, taowave, nooby_mcnoob and 2 others like this.