Search results

Great thread indeed, Rezo. Your ratio approach is interesting. What would be the confirmation in general you wait for, or particularly this time? Why did you change the target lately to 7190 from 7220? (So you prepare to accept lesser profits after a confirmation? :( )

I would think a trader can be evaluated just like any funds manager who uses his professional knowledge and skills to manage other people's money for the aim of capital growth. The main difference would be traders normally merely manage their own money, besides cheaper costs and better...

Rezo It appears Victor's averaging approach fundamentally cannot allow any pre-defined stop-loss target. Maybe Victor should consider to reduce (rather than increase) his lot size for now.

Vitor How would you make use the usbl margin 50.797 (as a safty factor)? Do you usually have a stop loss target? How about this particular trade? Good luck! :p

Quote Long-Term Capital Management [LTCM] was a hedge fund using derivatives so arcane even some of the people at LTCM who created it apparently did not understand it. Like Nick Leeson at Barings' BFS, LTCM seems to be another case of a single main player, John Meriwether, whose errors in...

Some say our human brain is the best (fast, sophisticated and most powerful) computer so far. Now I think that's true. :eek:

If I don't take your words literally, should I believe your statement above is true, or not? How could an average guy like me understand your intelligent puzzle like this one? You are amazing, axeman. :)

It's hard to think of a truly "average" guy in trading financial markets would have the above attributes. Maybe an "average" guy would not even know the existence of www elitetrader.com. How could we believe that a guy who knows well how to ask such smart questions like this thread is...

Do you know why and what are the underlying reasons for the above? Please explore.

That means no one could ever finalise a relatively complex trading system after testing and testing. Then how could you say this kind of complex systems works? However, developing this kind of complex systems has a its valuable and positive merits. The system developer could save money...

:) :p :eek: :( :cool: :confused: :D :mad:

There must be something like Good Trader, Very Good Trader, etc. missing in your message, I guess! Give us the figures you like, nitro. :D

Maybe www.elitetrader.com should organise an association of traders by offering different grades to traders! :p Perhaps this suggestion should be discussed with a separate thread. :(

Then how many grades of traders should be generally classified in this trading profession? :(

As over 95% traders (disregarding those who have already giving up after trying/losing) cannot make reasonable money confidently could be true, an "average" guy who is able to make enough money for a living through trading must be one of the top 5% traders. Do we call this trader "average"...

I can do position trade of DAX index (German30) using CMC's www.deal4free.com in Australia for its CFDs. I cannot say whether it is truly reliable or not, based on my experience so far. I am awaiting the feedback/clarification about yesterday's close (DAX's 3396 vs German30's 3368/72)...

I wonder different strategies and their associated styles would have quite different rates of returns, even all are profitable ones. Starting to make small profits (that may be associated with high risks) does not imply starting to trade for a living. Improving an existing profitable...

Perhaps an additional question: What would be the average lead-time for an average guy to become a constantly profitable trader?

The reason why there are so many books of many kinds are selling in the market is because people needs to learn more than just prices data alone. Many elite traders may not need anything besides prices data for profitable trading, but others would, unless all indicators beyond price data are...