but that does not mean you cant lose a million
in 13 years i lost over 2 00 000 usd.
now i wonder how on earth i managed to do that. once you learn something it becomes simple
it is critical in trading that you understand a few things: other wise you are going to join the iconic { sic! } 95 %
makes a lot of sense....
but he is talking about intraday and short term trading aka scalping.
i went from daily charts to 5 min and lost money for 13 years....
never sell new highs.....but that does not mean you jump in long.....
all pull backs are being bought......that is fact.......that is what the chart is telling.
momentum is slow because it is always slow in channel....but it is a tight channel......never fade tight channels...
look for long...
Soros got it right...he said they were 'inherently unstable' that is quite different from chaotic.
You may not be able to predict explain or rationalize Human behavior but that does not mean human behavior is random or chaotic
it is easy to know if traders are profitable......they may be asked to link to a mql4 signals where every trade will be shown.
why ask for any fee up front if you are really looking for talent to fund.
you are looking to fund yourself,not traders
see brooks free videos on you tube....they are fantastic for understanding what he is trying to say
but do not think for a moment that you can read see and mint.......
you have to practice it in live markets, with no money pressure
use demo or sim
be conservative in your trading.
you have to be the best just to break even after commissions.....i know you will not like this.....but i can assure you it is true.