Good Morning Millionaire, I 10,000% totally disagree with everything you just said. And this is misguided comments to the trading public. How do you know there is not a 60% win rate system out there making Millions per day, per month, per year or thousands?? How do you know there is not a 90% win rate system out there making Millions per day, per month, per year or thousands? How do you know there is not a 5% win rate system out there making Millions per day, per month, per year or thousands? How do you know there is not a 98% win rate system out there making Millions per day, per month, per year or thousands? How do you know there is not a 100% win rate system out there making Millions per day, per month, per year or thousands? In my keep-it-simple approach, it is best to think in terms of any system is out there is making money however it is making money in real time. Our brain has no idea what and who is out there making tons of milllions per day. How do we know? We are just regular people. Best to keep an open mind when it comes to what and whom and how systems making money out there. A trader goal for determining if a strategy or idea has Edge from algorithm trading system approach is to observe the market and test and know nothing, unless data show something.
Not a good goal. You should be able to define your goal and measure it. Making a million dollars in five years is a definable, measurable goal.
Hello speedo, Yes sir, you are correct. Trading is the thing because trader will get emotionally involved once the losses and drawdown comes to the brain.