Recent content by CHolmes

Yea basically. You got me, I consider myself roasted.

Not true. Some days you make money, some days you lose money and some days you scratch. You WILL NOT make money each and every day. That's a fantasy.

The recent move down has a much different character then the one early this year. Or to say a different way, the buying off the recent move down has not been as strong. I don't really do long term, but I also don't think that now is the time to start buying. This looks like it has much more...

If you don't have $1K to lose (more like $5K to $10K) then you cannot trade. Maybe trading micro lots in FX or something... I mentioned I started with $7K. I got below $4K before I started growing the account. It happens very slowly. You have to have money to make money. There is no other...

I'm a mouse trader who started with a $7K account. I use Keltner Channels to help determine trend and trend extension. I trade CL and the indicies. Commodities tend to trend so I trade trend continuation on CL. Equities and therefore indicies tend to mean revert. I trade mean reversion 80%...

Psychologically that is too low for many people to deal with. Mind you I did cherry pick that contract to illustrate my example. Over time the win rate has been close to 50%. And there is no hope involved. I backtested over 1,000 trades before I sim traded, and did that profitably before I...

This is where risk management comes into play. You should know going into live trading what your worst case scenario is and trade accordingly. If your strategy has a 20% win rate and you risk 10% of your capital on each trade then you're a fool, and will be a broke fool very quickly. However...

I am attaching my CL trades from the U contract. I (cherry)picked this month as it represents what I am saying. Z and X have > 50% win rate and don't support my statement well. V was more 50/50 but profitability was also closer to 0 (+47 ticks for the contract). This is trading. Regarding...

This is not true. Many profitable systems win less than 50% of the time. That does not make them a coin flip. Win percent is only 1 part of the equation. You also must include RR ratio. A system that wins 50% of the time will make money if the winners are 2x the value of the losers. You...