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So you demonstrated that cutting loser short and letting winner run can made a decent profit even with low win rate. I wonder how many contracts you put in for each trade, as sometime you need to hold the position over night.

My comment has nothing to do with you at all (I don't even recall reading any of your posts), and it is funny that you took it so hard as you feel offended. I didn't mean those live in the west coast (or Europe) in my previous comment. I live in the east coast and market opens at 9:30. I...

Some guru claimed they have a great system, and yet after trading over 30-40 years and they would wake up 5 or 6 in the morning to catch a trade; it makes you wonder how much money they made over those 30-40 years of trading, and how good their systems really are.

Well, we all know when you surf such public domain, you always need to use your better judgments. As those sneaky yet very eloquent gurus making all kinds of claims, most victims are those too naive and newbies, as they are fascinated with those EASY systems.

Just like in the market, one can choose LONG or SHORT.

Edge is certain advantage that is not accessible to everyone.

I understand what you mean and it is fair. I saw in so many cases that someone suggested 50-70 points gains and only failed to showed the proof of entry. It is all mirage profits.

Yes. It is true. If you claim 90-95% of probability of winning, then there would be much more attackers from all directions.

75% is not good enough, honestly; although you can still make money if you combine with a lot of other things: context reading, support/resistant levels calculation, O/N H,L points, SLA, different TF comparing, mental/psychological adjustment, money management, discipline and so on and so forth.

So, for manufacture type of work, the productivity is proportional to the time; but for research type of work, time is not proportional to the output, efficiency is more critical. I am not familiar with the analysts work in financial domain, but is it basically you collect data, analyse them and...

Overall he is doing great. He has big up months, but some considerable down month too. Alternative, if someone can reach Nodoji's stage that there is almost no losing day, then quitting job would be more sensible. I used to doubt her statement, but recently I come to realize that is totally...

jl1575 said: Well, it depends. Say, your average salary is 100K/year and it is anther 20 years until you retire, then if you make 1.5 millions over 5 years in trading, then it is the right time to quit the job, since you already earn all the money that you need to make from the salary for the...

Well, it depends. Say, your average salary is 100K/year and it is anther 20 years until you retire, then if you make 1.5 millions over 5 years in trading, then it is the right time to quit the job, since you already earn all the money that you need to make from the salary for the next 15 years...

The critical difference between earning by salary or by trading is the losing issue. So whoever finally can make it is the one who can win the game of avoiding/minimizing losing, as people can always spot some winning trades after a couple years of trading.

The house is on sale for about $1.5 mm in Netherlands (built in 1991)...

I think a few top of the ET traders made between 10 to 100 millions, although they barely post or post very little. A guy who owns a 20 million dollar yacht is not really eager to join in the conversation/debate on whether BMW 3 series is better or not than C Mercedes.

You are wrong again: you can learn to trade Forex as little as $50 or less with Oanda. http://fxtrade.oanda.com/why/ I somewhat feel silly at such kind of meaningless debate with you. Lets move on.

Your logic is faulty: on one hand, 20K is underfunded; on the other, you suggested on $100 to start. 24K and 16K may seem a lot to you, but it is not to those who make huge profit like almost printing money. Don't be so arrogant: IQ136 is just moderate. In my more than 10 years of professional...

Very few people who eventually reach the realm of making huge profit consistently didn't lose a very significant amount of money at their early stages of trading if they explored the market by themselves.

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