Why trading educators talk about entries 95% of the time?

Discussion in 'Trading' started by VEGASDESERT, May 22, 2020.

  1. Must be like herding cats.

    I have a math degree and the thought of teaching a class makes me shudder.

    Now, American students....?

    Not a chance.
     
    #171     May 27, 2020
  2. I see
    That makes sense

    u started coaching trading in 1999? damn
    Thats a long time ago
     
    #172     May 27, 2020
    KCalhoun likes this.
  3. virtusa

    virtusa

    Why trading educators talk about entries 95% of the time?

    Because the leverage you can use is defined by the entry price. So entry has a huge impact on returns and risk.
    If you say entry is not important, you probably have no clue what I speak about.

    A good entry is placed at such a level that, after opening the trade, the price will never or just slightly go in the opposite direction. So, a small open loss.
     
    Last edited: Jun 8, 2020
    #173     Jun 8, 2020
    Laissez Faire likes this.
  4. maxinger

    maxinger

    When I was a newbie trader, I was easily bought in by
    sweet smooth talking brokers / trading coaches.
    they are snake oil sellers and are expert in selling fridge to the eskimos.
    those were the dark days.


    It is very easy to achieve say 90% win rate


    win 1 tick
    win 2 ticks
    win 1 tick
    win 3 ticks
    win 1 tick
    win 1 tick
    lose 1000 ticks
    win 1 tick
    win 1 tick
    win 2 ticks

    different people define win rate differently.
    some definitions are definitely not that useful.

    if you hear people claiming to have high win rate,
    run as far away from him as possible.

    Professional traders are not archers.
    Archers aim for 100% accuracy.
    Professional traders aim for ~ 60% accuracy.
    Archers CANNOT be traders.
    similarly Educators are not traders.
     
    Last edited: Jun 8, 2020
    #174     Jun 8, 2020
  5. virtusa

    virtusa

    I was not easily bought in for the simple reason that I educated myself. Never spent any money on books or trading courses. I never understood why people would spent money on these things.
    My education was based on simple logic and watching the screen for hours and hours during years.
    I discovered myself the importance of a good entry, with hard proof from testing.
    I never care about what other people tell. The real successful traders don't tell anything.
    I will have to make a few losses now as I am above the 60% of the professionals. That problem is caused by good entries. :mad:
     
    Last edited: Jun 8, 2020
    #175     Jun 8, 2020
    Laissez Faire likes this.