Recent content by MasterGambler

Honestly... Forex trading action was decent even after the stock market activity died after last months jobs report... Now the EUR/USD is becoming a snoozefest most of the time... Around 50 pip range days? Wtf... Ok... So, the stock market has gone dead, Forex has gone dead... Anything...

The higher your drawdowns the higher the win rate required to stay positive. Position size itself isn't important... It's how much of a drawdown that position size creates when it hits your stop out point. If you work with a 100% drawdown... You need a 100% win rate. If you work with a 2%...

I prefer statistical analysis over technical analysis.

I switch my schedule back and forth from night to day depending upon market conditions. For the last week or so I was night trading Forex only. I'm back to a normal sleep schedule as of yesterday as US market action is picking back up enough to make daytrading US markets worthwhile again.

It was kinda funny... There was one wall street firm stepping in big buying up all the futures on the correction after the flash crash only midway down... They seemed to think they were the house and could absorb all the selling pressure and turn the trend... But damn they ate it! LoL...

My subconscious knows the answers. It's just nice for the conscious mind to know them too.

Is there anything more to money management than position sizing and setting drawdown limits? I have a rough way of doing money management that works for me. Position Size Small --------------- Large Max Drawdown Allowed Small --------------- Large Percentage Win Rate Required to...

Well whatever makes you happy and sleep at night. I'm going to go gamble on some 60-90% odds trade setups on the EUR/USD tonight if they show up. Trading is just statistical odds gambling. If you can get over 50% odds + additional percentage to exceed drawdown handicap + percentage odds to...

Your argument can be summarized in one sentence... "If the statistical odds of a favorable outcome is greater than 50.01% then it's not gambling." LoL... That is absolutely idiotic logic.

Some people limit their gambling to the extreme. These people are really strange... You see that at restaurants bringing their own silverware trying to bring down the risk of contaminated dishware. They don't go out at night. They don't go to the park. They hide in their houses 99% of the...

I'm just trying to get you idiots to realize the truth. Trading is gambling. It's a statistical odds casino game. There are card counters who use to beat the old casino's... If people can beat the casino games with statistical odd tricks then doing it in the stock market is 10x easier. Look...

50k car? LoL... I payed 116k for my first car when I was 22... In cash... My grandma on my moms side used to say... "Without big risk there isn't big reward." Another thing she used to say was... "The more you make, the more you will spend."

If you admit it or not. Starting a business, getting married, going to a job interview, trading, driving to work, and etc... Everything has a risk, and most things have a reward. There is a statistical odds factor's which can be calculated out pretty well for nearly everything. Even...