Recent content by bitstream_ryder

I would describe forex as different rather than hard. It requires a very different trading approach vs stocks, bonds and what have you.

Just to share. My position on adding to winners is that it doesn't work. I based this on extensive back-testing done years ago. After reading this thread, I went to re-visit this idea(cos it's conceptually so sexy). The conclusions are the same. Adding additional positions will increase the...

Different. Not easier.

Hi ktmtrader, I know how you feel. This IS a very lonely job. Motivation comes from being meaningful; which then comes the next question; what is meaningful? Meaningful work can be broken down into 3 main components. 1)Competency (which you probably have 2)Autonomy (which you have) 3)Deep...

Well like I said, there may be situations can be profitable. For me personally, I' have yet to see evidence in terms of back-testing or verified trading records to support scaling in. I guess it depends on what your trading, the time frame, R:R objectives ect... If your testing and trading...

Thank you for taking the time to respond. I think it's only possible to evaluate the probability of success of a setup based on numerous observations. ie. if i trade a particular setup, my records show me that it will be successful 60% of the time. It would be rather difficult to predict...

Hi Laissez Faire, If I understand you correctly you are asking 2 things. 1)Should one vary position size based on confidence of market direction 2)Should I add to winning positions 1)Should one vary position size based on confidence of market direction. Short answer is a resounding "No". Short...

Hello. Welcome to the world of trading. Your question is how do I conceptually define a trend so that a trading platform could apply trading rules appropriately. This is a question that all new comers grapple with when they start. I think everybody here knows that conceptually, an uptrend is...

Whoa, I see at least 9 solid rules here for trading. So much goodness in 3 short paragraphs but new entrants to trading will find it hard to apply in a practical manner.

Amen to that!

What is of concern is that you say "It still is by far no easy feat to accomplish" If you've already done 200-300 trades, you should be going about your business like a production operator with little or no emotion. The only people i know who use the word "hard" to describe trading are usually...

Hey, I know that feeling too. That euphoric feeling you get when you hit 5 straight winners in a row. You feel like you are the GOD of trading and you can do no wrong haha!. I'll share the answer how I fixed my "discipline" problem. Put simply, I journal my trades MANUALLY and in great...

You should already know if you can do 120% or at least the range (80% to 120%). Your prior trading results will tell you that. If you have done 200-300 trades prior, you should be able to extrapolate with some certainty what 2019 will look like.

Thank you for your offer. It is not a trading strategy issue. My trade record (bar the over-sized trades) shows that the system has a positive expectancy. I am looking for opinions regarding trading behavior that causes traders to take over-sized position sizes. You will see similar...

The system is already live for 3 months on a $1000 account. The question is when do you start throwing real money at it i.e. 10k, 20k etc