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Assume ETH is better than BTC. But what happens if ABC becomes better than ETH? And then if XYZ becomes better than ABC. And so on. Barriers to entry don't seem that high at all with C-Currencies. Some semi-genius 15 year old can probably do the programming in a month or less. Granted...

I like it, great mental strategy (not not being cynical).

Sorry but Serena Williams has a very weak brand as there are 2 qualifiers for a strong brand - 1) Is it (almost) the only choice. For example, if you want an Apple and the shop has sold out but has a Microsoft PC on offer, would you buy, or not? Apple = very strong brand, MS = weak brand...

Use your same strategy on 1m charts, there's real action and opportunity on those. Go sub 1m for FX. This is a game of fractals. The only difference between the 1m charts and say the monthly is speed.

Until the quants can effectively program 'the character of the price action' and if/when it changes, a good human trader will always be able to beat them. And no, I mean far more than some dumb volatility level going up or down re the character. Computers don't understand subtlety, character...

My advice for everyone is don't trade Gold, invest yes, but trade no. Gold futures are the dirtiest and scummiest of all the futures contracts and the Exchanges never seem to do anything about it. How many times have we seen a trader dump 2,000-5,000 contracts at market at 2am London time, the...

PS. Before you plug the internet back in, remove the USB drive.

They always go after the easy meat and there's a tonne of that out there. Don't go to dodgy websites (offering things like free sports when it should be paid for) and never open an attachment, and you'll be fine. As for your 2 PCs, pull the internet plug out, start them up, go through your...

Counterfeit probably :)

Your top bar chart is worthless in my opinion because it's rectangle (and a large long one). That means you can't really see much of the movement. Make it square and it will come alive.

Conversely, the perfect entries (or almost) can be achieved even over a long series of trades.

Have you seen the long term results of 90% of the system traders? That tells me they haven't got very good profit taking plans.

What you're learning is that taking profits is THE hardest skill in all of trading. Anyone can get into a winner, even a flip of a coin, but try flipping a coin to get out, it will end in disaster. The problem with taking profits, coming up with a good plan, is one doesn't exist. Repeat: the...

Congrats. It takes a real man to look himself in the mirror, see the faults and then FIX THEM. It can take time, as it did with your 9 months but there is light at the end of the tunnel and a lot of help is out there. Read The Rational Man by Rollo is you haven't already.

Surprised it was just a Ranger Rover and BMW. Normally these dopes go Ferrari and/or Rolls/Bentley. That's a big clue by the way, if your money manager drives the above and doesn't work for a very well established firm, you better proceed with A LOT of caution.

Lack of time. This is a game that take years to master and so it should because as someone said above 'it's hard'.

$5m-$10m should get you filled in normal trading conditions within a max 0.5 tick, but often you can do the full amount at the current bid-offer. A LOT of volume gets put through on this cross.

The most effective way is to self-insure, ie pay no money for protection because a) how often does a Black Swan occur, and b) tell me when the last one was? And please don't say the swiss debacle as that was about as far way from a Black Swan as could be. It was therefore a White Swan.

I think you're being far too optimistic with that 99%. Try 99.9999999999%.