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So, when NY says the "obvious" is the holy grail of trading, capable of delivering 500-1000% p.a., it's not about a particular method? :confused:

There is also OF and UP, although I've no idea which of the four JS was referring to.

That's because the market knows how much you've risked and conspires to punish you. Obviously I'm joking. It shouldn't matter what size you bet but, for some reason, profitability seems to be inversely correlated with size.

If you want to survive in this game, keep losses small. Big losses not only deplete your trading capital, they also deplete your emotional capital. The latter is much harder to replenish.

Trading is gambling. Each trade is a gamble. Of course, you don't want to treat it as casually as feeding coins into a slot machine but, at the same time, there's no point over-agonising every trade. No matter how carefully you choose your entry, the outcome is uncertain. Decide how much you...

500-1000% is certainly something to aspire to (without getting carried away of course).

It would be interesting to know how NY arrived at that 500-1000%. It's bold by any measure.

The fact that the performance of the "obvious" approach can be quantified means it must be a repeatable, measurable technique. If it was just a state of mind, a different way of thinking, then it wouldn't be possible to attach a % to it. 500-1000% sounds like a very wide range of outcomes but...

Just received this PM trying to sell me an indicator. :D Hi I'm from Russia , I have a proposition for you. I have a very profitable indicator, any timeframe, expire at one candle, it is very convenient, it is not present on this forum, if you want to buy it, write, then I activate it The...

If there is one lesson to take away from this thread, it is to bet small. Don't think about the money you could make; think about the money you will probably lose. Betting small means you can trade less emotionally, stay in the game longer, and hopefully give yourself a fighting chance of...

It was 5 figures but still painful. I lost it through reckless gambling, and thinking I knew something. For some, like me, it takes a catastrophic loss before you seriously re-evaluate what you're doing.

There may be a more obvious explanation. ;) Cue the usual misdirection. https://en.wikipedia.org/wiki/Misdirection_(magic)

What did NY mean by "for a lesser few"? A, B or C? A) for a lesser few trades B) for a lesser few traders C) for a lesser few [something else]

So who's TE then? :D

As in time=money?

If this is JS' motive, what purpose would it serve? It won't make any difference to him whether I resume trading or not. As for RN, he is the only reason I didn't dismiss this thread as total BS. He's been on ET a long time and is well respected around here.

I invested myself. I started out making a bit and losing a bit. Then, at the end of 2008, I took a bigger hit, and tried to revenge trade to get it back. Got into a position where I was sitting on a fairly big loss, and just prayed it would come back. But it didn't, it just kept nose diving...

Yep. I fancied myself as a big swinging dick. http://www.urbandictionary.com/define.php?term=big%20swinging%20dick Acted like a dick alright. :rolleyes:

No, I used to be an obvious sucker. I lost a large 5-figure sum, and all I've got left to show for it is a shelf full of trading books gathering dust. I've learned my lesson. I'm ultra cautious now, and highly sceptical, but also keeping an open mind. At least this thread doesn't give the...

For most I imagine trying to BLASH and it ending up as BLASEL; or SHABL ending up as SHABEH. (E=EVEN)