Why waste your time?

Discussion in 'Trading' started by Euler09, Nov 22, 2017.

  1. That's what she said when the bed broke!

    :cool:
     
    #71     Nov 23, 2017
    lcranston likes this.
  2. sle

    sle

    #72     Nov 23, 2017
    Stocktracker and TreeFrogTrader like this.
  3. jl1575

    jl1575

    When you confidence becomes permanent as what Nodoji said as surely as sun rise and sun set, is when you wake up every day and you are sure you are going to make some profits from the market no matter it turns out, or almost everyday, at least every week.
     
    #73     Nov 23, 2017
    rin4et likes this.
  4. themickey

    themickey

    There is no 'sure', only probabilities. All sure traders are sure losers.
    Consistently winning traders run on high probabilities, not sureness.
     
    #74     Nov 23, 2017
    d08 likes this.
  5. jl1575

    jl1575

    Lets put it in this way, if you have a system that gives you signals that are 95% probability to be winner, then if you enter 10 to 20 trades in a day with the same risk limit, you are surely to have a profitable day. For a single trade, there is only probability, that is correct.
     
    #75     Nov 23, 2017
    rin4et likes this.
  6. themickey

    themickey

    There is no system giving away 95% probability.
    Probability waxes and wanes with the ebb & flow of market mood.
    Yesterday's probability wont be today's.
     
    #76     Nov 23, 2017
    d08 and volpri like this.
  7. themickey

    themickey

    Noob reply, all noobs think grandiose numbers. I'm out!
     
    #77     Nov 23, 2017
  8. jl1575

    jl1575

    Larry Williams showed one of his systems during a workshop, reported by someone who attended the show, that reached almost 100% wining probability; and there were other evidences that people achieved that kind of performance. Of course you don't expect those people to broadcast their systems.
     
    #78     Nov 23, 2017
  9. jl1575

    jl1575



    You probably know that Goldman Sachs only has 1-3 losing days each year these few years. Of course they are in a different game level.
     
    #79     Nov 23, 2017
  10. sle

    sle

    Seriously? You are comparing a single proprietary strategy to a multi-strategy, multi-asset-class, multiple geography market maker?

    PS. What is this infatuation with high win rates here?
     
    #80     Nov 23, 2017
    Xela, VPhantom, Visaria and 2 others like this.