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Mine's 1.3 for an average win and -0.6 for an average loss. Obviously I too have some more losses than wins. Very good average loss size, btw. It seems that you do not hesitate to move the disaster stop quickly to breakeven.

What kind of an average realized per-trade expectancy does your discretionary system yield in the long run? Of course, this depends on your time frame, and is far from being stationary in time, but it would seem to be interesting to gauge the extent of "as-good-as-it-gets" in this context...

I have been an IB UK client for many years. I recall having their account protection scheme confirmed somewhere in 2008-2009 during the subprime hassle, and decided to redo it based on the discussion in this thread. Here's the e-mail I got from their customer service: <quote> Dear Dr...

I would go further in stating (as boldly as I dare): It does not matter, and one should not care as long as the trading plan is followed with meticulous care. Even if one has a sound system - a fact that should have been verified before ever participating in the game - he/she should be prepared...

Sure, but I think exits are covered by the topic of prudent trade management. My system provides me an edge of about 0.07-0.15 times the risk per trade (depending on time frame and traded instrument). I don't know if that is good or bad, but the curious thing is that I have no statistical...

Although there is more to items #2 and #6 than this, in principle I agree that this strategy would indeed suffice for making money in the long run. It sure does sound strange... ... But then again, all you need to do in trading is exploit some facet of the markets that is not (entirely)...

Exactly!! Plus it is a whole lot more entertaining than the book I referred to, let alone Mankiw's. Now that we have Economics 101 on Youtube, why waste money on uni tuition fees anyway? Z

Sorry, not really. You may want to take a glimpse at "Keynes Hayek: The Clash that Defined Modern Economics". Being history-focused, it does not provide an account of the crisis we're going through right now. But I think it provides a rather decent comparison of the two opposing ideologies...

Thank you, I'll look into that. Z

Apologies for going a bit off-topic, but since there seem to be a handful of knowledgeable people on the thread, here goes. Being a citizen of a "strong" Eurozone member state, and, needless to say, sick and tired of paying for others' past spending binges, I have recently been reading...

I have been with Interactive Brokers for a good 4 years now, and they seem to do a solid job on my current trading horizon; at present my trades last for 1 month and up. Given the prevailing trend of ever-lowering commissions, I have recently been looking into some lucrative higher frequency...

That's exactly what I do too. I'm constantly looking for an invalidation of the basic premise for entering the trade in the first place. If the target gets hit while I'm doing so, fine, but usually I don't pay much attention to this side of the trade.

Are you saying that whatever happens to the price after your entry is irrelevant? It's either stop or target no matter what? As for myself, I have a pretty good idea of how the price should behave assuming I'm right at the entry. What I'm looking for is a refutation of this assumption (in...

Ha! (Re-read my post, you mook, the stops and targets were there already.) :D

When "all the stars are aligned" and you have placed a trade (plus the target and stop orders if they apply to your trading methodology), what do you do next? I think this is a somewhat neglected aspect of trade management, so let's try to gather some commonsense rules onto this thread. As...

Hello everyone I and my associates are building a software tool for the systematic back-testing of manual trading systems, i.e. systems where trading decisions are made based on the concept of “price action”. In addition to the standard stuff one might expect to see in such a tool (fast...