do not get awed by a win rate of 100%. Why do not the pros do that? why are the pros happy with a 60%-win rate? if i have a100% win rate, it means i let many lessor opportunities go, where i would have made money. the pros will not do that. i too would do that but i am not allowed to do that by those who contract me -Top step. so i have finally devised a trading plan that satisfies their ridiculous demands. something i am sure, TST is betting against me, doing. if i traded as the pros do, i should have made ,at least 3000 usd instead of 1100 i actually profited.
my method is simple and so powerful. like anything Brooks suggests find a trend -even a two-bar trend and then enter it with a stop. scalp out. make sure you know what trend it is that you are joining my only major filter is that i do not enter big bars. that would be entering at the top of a big trading range. if bar is big, there may be a PB and then i can enter the PB, on a small bar. like a H1 or H2, which is actually a small trend, if you think about it. i mean a good trend bar with follow through, is a trend-maybe not a large one but one nevertheless Do NOT let the market decide what trades you will take. It IS YOUR CHIOCE and do not give up that right
Yes, it's unfortunate that Prop Firms handicap their Traders. But I guess part of that is to protect themselves... while another part is Greed.
no it is good business sense. they also make you think they are funding you. It is hilarious. they say they fund you 50000 but you blow that account when you lose 2000. what sort of logic is that? so they are funding you 2000. and i have to pay 49 usd for the privilege of blowing that account. if i say i will fund you 10 million, but you lose that account, if you lose 2000 usd, i will say, i will get you admitted into an institution! bet on people losing is what they are doing and laughing to the bank while at it. dont ask what i have paid TST . at least one Mercedes. but paying 49 usd to get 2000 usd is fine
not all do that. this is a new breed of prop funds, who are exploiting the small, capitalized dreamer who thinks he can do big things. but the ones that dont, want proof that you are an accomplished trader. or charge high fees for qualifying
Was that a genuine question ? You talk about Win Rate but what about your risk reward ? That's the other side of the equation. In short, how do you manage risk ?
No can do. If I don't make it as a trader I'm going to offer to sell it for the low, low price of only $97! (edit) I've reconsidered. I've not been trading as long as many here. I've not been trading for anywhere near as long a FURU Al claims to have been trading. Please understand. I have bought many books etc in my efforts to learn to trade. Much of it was not useful to me. But only Al Brooks wrote and sold me a book that I felt was a complete rip off. But this "index card" is worth far more than his thousands of unreadable pages of trading drivel.
Reminds of me in the early days. I bought a Gann book for $100. What tempted me was all the charts and lines, I thought this will answer many questions about trading. Well I read the book a few times trying to understand it, it was pure utter bamboozling nonsense. As much as I could, nothing, absolute zero of it made sense. It was a book full of charts and lines and zero education. For example it talked about 45 degree lines, no such thing, it depends on what scale you use.
At any given point in time, you can have a 100% win-rate. You cannot have any more than that, period. Over the course of time, your win rate could be, for example, 200% over a win rate you had IN THE PAST, but you cannot have a 200% win rate in a moment. That defies maths. Dude.
Oh bejesus, when was raunchy sex ever about some chemical reactions in your head? That's exactly what you sound like.