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Im telling you. I have done exactly what youre advocating. A strategy with zero edge with a fixed risk:reward whether that be risk 1 to make 5, or risk 10 to make 1, or risk 1 to make 1 etc etc will always breakeven. The win rates will change. Inversed risk reward will have higher win rates...

If trading was as easy as you think we would all be millionaires. I have never had trouble with discipline. You show me a system where all i have to do is risk 1 to make 5 and follow it to make money and I will do it. You put up the money. I will follow it. If i dont follow the system once I...

Because the traders i cited risking 10 to make 1 have an edge and will typically win 20 or 30 times in a row for every loss. We're going in circles. Please by all means go and run a backtest on your strategies. I will bet you money right here right now it will not make money. You are assuming...

Sigh... Yes! Because you can only go long or short. 2 options. 50/50. But that doesn't mean your odds of winning is 50/50

I have been making 6 figures a year solely from trading for almost 10 years. I'm happy enough with the experiences I have had guiding me

And what about when flip 5,6,7 and 8 are also -100's? You will not have a 25% win rate risking 1 to make 5 without an edge

That's like saying 'winning the lottery is a 50/50 outcome you either win or lose'. You saying your odds of winning lottery is 50:50? Look, I'm trying to help you guys but you will believe what you want. Unfortunately it's ignoring basic mathematics. Best of luck to you

No you won't. How will you make money at 'evens odds'?? Go and do it then show me the results. Risk 1 to make 1 you win about 50% of the time. Risk 1 to make 2 you win about 25% of the time and so on. Win rate and risk reward are linked in a zero edge scenario. If you risk 1 to make 5...

Nonsense. So if I flip a coin and risk 100 to make 500 I will be profitable? Try it. I guarantee you will not make money after brokerage and slippage

winning percentage has nothing to do with profitability. I can risk 100 ticks to make 1 or risk 1 tick to make 100 they both end up with the same result without a statistical edge. This has been my full time living for 10 years trading on prop desks and funds. If you are also making a full...

But that isn't an edge. That's part of maximising an edge. But if you don't have a statistical advantage in the market no amount of discipline or money management will help you.

Right. So if i flip a coin. Heads I go long. Tails I go short and i employ "prudent risk management" will i make money? If the answer is no, it is NOT an edge

So what? Instead of losing your account in 6 months after your edge dies you lose it over the course of a year. Risk management is essential in trading. But it isnt an edge and will not give you a positive expectancy. Try playing roulette with a "prudent risk management system" you will end up...

I've had my edges die on me before. I go back to trading 1 lots and scale right back and regroup. I'm not saying MM isn't required. I just am saying it's common sense (at least to me). But it isn't an edge. I've seen guys make fortunes that take insane risks. Risking 10k to make 1k. But...

Money management and psychology is what "gurus" bang on about to sell course because it is easy to define and give you a little video to watch or book to read about how if you only risk 2% you will never go bust and if you do its your own "psychology".. sign up to the next course to learn about...

"Even though the tax on fixed-income securities was much lower than that on equities, the impact on market trading was much more dramatic. During the first week of the tax, the volume of bond trading fell by 85%, even though the tax rate on five-year bonds was only 0.003%. The volume of futures...

I don't think it's hyperbole. In other cases where FTT was introduced trading volume dropped 93% (Sweden). So that's pretty much every US based broker, exchange, clearing house having major major profits issues. Then add in secondary effects of the loss in capital gains taxes from the trading...

I agree with a lot of this. If politicians really wanted to reduce HFT's they would be championing more exchanges like IEX for futures. Im totally against FTT and Bernie Sander's and his crackpot "magic money tree" policies. But I started trading professionally back in 2006 and a lot of the...

If you read the thread I was replying to someone that asked me how much the Sanders proposed rate was. I stipulated this tax has been proposed before and if you take the averages of all the policies it ends up around 0.05%. I then stated I didnt know what Bernie's proposed rate was and said i...

How am i fabricating? He openly proposes a FTT and there is precedent for how it would look as it has been carried out in Europe. Or are we to dismiss all reasonable assumptions based on what he as said and what has happened before as "fabrication"