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ok thanks..but could you now please explain how you determine downward, neutral, or upward bias?

say i have a good trading system for both the long and short sides of the market. the time frame is from a few days to a few months. i usually have anywhere from 5-20 positions at once. i'm constantly asking myself, "how many should be long and how many should be short?" i could go all long...

once you know your optimal f, you don't have to use 100% of it. i've read that, as a trader, it is wise to only use a percentage of optimal f.

for those that have read van tharp's "trade your way to financial freedom", you may be familiar with a game he discusses: 40 people played the game 100 times they had a 60% win rate they started with $1,000 they could bet as much or as little as they wanted each time 2 of the 40 made...

yes, i agree.. it was ridiculous. true again

we need someone like tony oz to respond to this.. not a bunch of people who aren't making money. lol p.s. i'm gonna email him a link to this thread..maybe he'll respond..he comes here sometimes.

if you think trading is random, ask yourself if it is hard to lose money (discounting commissions). of course it is easy to lose money...many people do. if you could do the exact opposite, you would be trading correctly. trading is not random. there are some elements to the stock market that are...

sorry, but what a bad statement. you can apply many trading techniques to many time frames.

i would say wall street also

i shouldn't even be responding to that. i don't know about you, but i don't think discussing ideas is a bad thing.

just wondering what people are doing once they have a profitable trade. are you exiting at a pre-determined price? or are you trailing some type of stop until you get stopped out?

yes, i agree those are equal relationships. but i'm saying, since those 2 examples are equal....and there is a lesser likelihood of a 30% profit target than a 3% profit target, wouldn't it be wiser to go for smaller, more likely gains?

i'm gonna rephrase my point. what is the likelihood of your target? wouldn't someone whose profit objective is 3% get more targets hit over someone whose profit objective is 30%? i'd say a stock moves 3% more often than it moves 30%.

yes i agree.. i know about expectancy too... but what i'm saying is it isn't easy to be a positive expectancy trader.

fist of all, just because i'm debating with you, does not mean i don't appreciate your response..in fact, i thank you for it. however, i have to say... how many times have you entered a position, you got stopped out, and then it went back the original direction you thought it would? THIS...

aside from commissions, traders that are conistently losing money are doing the wrong thing correctly. everything you are doing is the exact wrong thing. the trouble is, once you know this, it's hard to distinguish what exactly you are doing wrong. most people who lose money trading would...

please don't bother responding to this if you are a trader who does not make money.

instead of trying to go for big gains, has anyone thought of just going for small consistent gains? for example, find a pattern with a high probability that it will go your direction 1%. once you enter a position, place a sell limit 1% away. i know this brings other problems, such as when to...

lol

lol so how did you come up with this?