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I'm not Chinese

Uh, Do you call people "dear" in real life? Here is an example of a system with a 100% win rate. Buy Bitcoin in 2010 at $1. Hold for 10 years. Now be a Billionaire in 2018. 100% win rate. It's a little vague, but hopefully you get the point.

Why is China's IQ so high? It would make sense that if China has the highest IQ in the world and they are a socialist country. Then socialism is a good thing.

I've said it before here but it was a long time ago. The advantage of having a system with 100% win rate is that you can have low capital and higher risk tolerance. So in the case of blowing up, you can always start over. It is much easier to raise a $1000 grand then it is to raise up a 100k...

It was written in 1994?

How many of the 'Market Wizards' blew up? Discussion in 'Professional Trading' started by Cutten, Jun 26, 2009. https://www.elitetrader.com/et/threads/how-many-of-the-market-wizards-blew-up.168151/ Edit: This book was written in 1989. I thought it was closer to 2000. Why do so many people...

No one is saying you need to risk only 1%. What Neuroway is trying to say is that it is possible to have a close to 100% system win rate so that the 1% risk control become meaningless.

Yes, in prehistoric times it was the old, weak and dumb that become prey. But luckily and maybe after having children so that their genes were passed on. It is the circle of life and natural law of selection. This may be Deja Vu, but haven't you already said this before?

I see automation in the future. Currently I can do it just fine in person but there are limits to a human that machines don't have. I have some ideas on paper on how to do it. But need to see what programming can do first. I have a family member that works as a programmer. Was thinking of...

Easier said then done. Might as well just say that the best way to become rich is to be born rich.

In the Mad Max trilogy, you find that the lead character despite his name is one of the sanest person in the film. The problem was that everyone else was insane, but because Max was the only sane person and everyone else was insane. He was called Mad.

Yeah, about this...Not my definition of risk control. This is more like a crutch for Trading 101.

Nope. https://www.elitetrader.com/et/threads/whats-the-best-way-to-get-the-skills-to-crush-the-market.313333/#post-4518412 Note. I've even had a $1000 profit day already.

Yes, it would have been best if he had learned his lessons with a smaller account. It really doesn't matter if you blow a 100k account or a 1k account. It's the same lesson learned. Life is about making small mistakes so you don't make the bigger mistakes later on. Now he has a much bigger hole...

Yes, there are some systems where you can "survive" with constant tight risk control. However, it is not the Holy Grail which are systems that allow you to "thrive". Also Victor Niederhoffer blew up multiple times so be careful referencing him.

One issue with watching or reading everything there is about trading is that you risk poisoning your mind with bad ideas. That may take years to unlearned. I've since but a banned on myself from watching anymore online youtube videos. For a newb, it's very hard to tell the difference between...

https://www.wired.com/story/theranos-and-silicon-valleys-fake-it-till-you-make-it-culture/ This just hit the news

Uh, you assumed it would just take you 500 hrs to be successful? Here's the reality. You're not proven yet. You can well say it will only take you 500 hrs. But that is yet to be proven. Therefore it's just BS talk. You can say you'll one day make $1000 daily once you've make it. But still that's...

From this post, I take you think 10,000 hours is a Max? What makes you think it couldn't be 100,000 hours for some others? This forum is fill with the vast deep graves of long past traders who never learned to swim (or quit posting). The goal is to not be an optimist or pessimistic, but to look...

He's 47 and works in IT? I'd say he needs a lot more then 2000 to catch a babe. IT isn't that sexy of a field.