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This statement is deep. Takes years and experience to understand. Game recognize game.

Thanks everyone for your various thoughts on the topic. My initial ramblings can be distilled down to what we all know..there is no free lunch pretty much in anything. So what event would bring down Jim Simmons portfolio? Maybe the market losing 90% value overnight? and does it really matter...

Most educators are not profitable or don't trade and I think we all agree on needing to show proof of profitablity. I trade a small account part time only as the training platform used to teach. However, legitimate profitable traders/educators also cannot be left off the hook for not showing...

I believe both can be successful in their own right with proper edge. Since trading styles are different, it will have to match that traders personality. Idk but I might give a slight edge to the introvert who probably spent more time on this self discovery journey vs the extroverts reliance on...

The same reason the army vet posted the pic is one of the very same reasons people in general make bad traders which is..incorrect preconceived assumptions. This was one area I will admit I had to mature into with age. There is usually a story behind what you see on the surface and never judge...

Been pondering this for a while. Although it is well documented in freakonomics and other sources that our perception of risk is not good, those who actually perceive risk correctly are still not absolved from it. If we use the example of the stock market as a game were a few folks make a lot of...

As someone who trades with the mentality of a pugilist, I endorse this comment!

Reduced profit expectations (Less is more)

Full agreement with this method

True..cause they really have no secret to begin with. Pump and dump is unfortunately an ongoing scheme, although I was referring to legit traders that can capture and kill without the said schemes pertaining to dilution of edge.

No imho. Knowing a successful strategy and executing it will still be mutually exclusive for most. The devil is in the details wrt the sum total of what makes a successful trader. A novice might have the strategy but not the mental strength to succeed with it for example. There are some...

From a business perspective, one can both be a successful trader and educator. It's a personal choice but there has to be hard evidence of profitability which is lacking in the general business model today. I counter the argument that edge will be given away as an educator because much (if not...

Well not exactly pertaining to rules/parameters although I do not subscribe to set&forget stop loss philosophy. Mine is moreso based on a hedge/counter trade. Original question was theoretical but interesting feedback so far.

What about life span (instead of time frame) of trade assuming your bet is small with no stop loss (meaning you can let it go against for a wide max pain point)? If you trade both long and short positions, then at some point in time an opportunity will present itself to profit. it may be one...

I'm a little surprised at the results so far...and maybe "timeframe" might be confusing a bit but instead "lifespan of trade" may be a better term. Like if only I had allocated a life span of 3 months instead of 1 month that trade could worked. Or a trade starting out as a loss turning to a...

Good point, but say theoretically (1) no stop loss is used (2) trade size is small and (3) a set R:R is not adhered too, meaning one is not looking for say a strict 1:3 or anything like that but profit is profit. What do you say?

True or False Any strategy can be profitable given the right time frame? When I review losing trades, its not so much the strategy was wrong but moreso my time frame. Thanks for feedback.

Thinking fast and slow - by Daniel Kahneman ..a popping eye opener for me. What was scary was realization we humans know way less about ourselves than we think we do.

Use Inventory...it's just easier that way making adjustments to the trade. So deltas and cost basis will change on the "trade" (inventory of trades). Will often use the same instrument to adjust with different strikes etc. as needed only. Could have as many as 50 inventoried trades open at any time.

..on further thought, true and very rare! Same way people find religion only at rock bottom...never when they were on top.