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Is this a more sensible view of the matter? http://www.netpicks.com/day-trading-metrics/

Here is an opposite view than that of Harris. What do you think? http://www.learntotradethemarket.com/forex-articles/why-winning-percentages-are-irrelevant-in-trading

Should a trader try to have a low win rate? Would that mean they are afraid to win? Psychologically, it is possible to be afraid to win you know. Some don't think they deserve to win or should win and they end up sabatoging their own success. It does happen in other things..and i suppose it...

LOL

Ok but what if a trader has devised methods with a high win rate in practically all market environments and does not use one system for all conditions? Could a high win rate be possible? Why shouldn't a trader try to have a high win rate?

i don't know if he will do that. Remember marketsurfer? He left in a huff and we have yet to see him again....uh..unless he is operating in another underground cover mode. The derision may have been too much for his ego? Pistol pete (aka gunslinger) scalper aka skippy who apparently was a friend...

@naka I agree he doesn't need to start with 25,000. Start with 5000 and trade 1 contract if he must trade the ES. But I know don't know his method. It may require scaling in with more contracts?

Congrats on the new house! Sounds like a great idea having a room for visiting ET traders. I have traveled alot and lived in Panama...Mexico..Belize..Honduras. Travel to Guatemala..El Salvador and visited Argentina. In Belize hunted jaguars back in the day when it was legal. Don't like hunting...

Here is an argument for high win rate. Agree with the concept or not? http://www.priceactionlab.com/Blog/2017/07/high-win-rate/

Mine is scottish and english. She knows how to bargain and count the pennies. She can make money and save money. I am truely blessed. Many women just want to spend like crazy. She is a people person. I am native American. I don't need much. I am not a people person but prefer the...

@Fedex...I am talking about testing his system out in the NQ. I am not talking about him trading the Nq live. The ES has alot of reversion. The NQ is more directional. His system may work better in it although i am not familiar with his system at all, so i don't know. I in no way meant for him...

I suggested the micro as a means to test his psychological mettle. It won't be anywere close to ES in terms of trading opportunities or profits or losses but if he has trouble handling losses or handling wins (yes wins can mess you up too) then those flaws will show up in a micro also. He can...

You will never know until you put real money on the line. A good system is only as good as the person that executes it. Execution with money on the line is far different from execution on a sim. A sim is good and useful for learning and testing a system but it won't make you any money and can...

LOL Your wife sounds like mine. $1.00 saved is a dollar earned!

Ok

Stoplosses should be used imo but even then it is still a risky business. Read these articles. A move to change the triggering of orders based on quotations not actual transactions. Think the folks are looking out for your good and wellbeing...

@Mtrader I think you do not understand what i am saying. B.O. of ranges fail 70% to 80% of the time hence you DO NOT TRADE THEM. You FADE them. Eventually, one B.O. will succeed. You watch the first P.B. Of a potential successful B.o. If it doesn't trade back up into the range ( i.e. the a...

Single payer won't work but it would be better than what we have. Have a friend in Canada who is in the construction business. Worker broke his leg. Friend loads him up and races him to hospital or clinic. They make broken leg person sit while they do nothing. Friend gets really pissed and grabs...

The problem is not discretionary trading. The problem is cognitive and a lack of skill to psychologically detach oneself from a trade. Traders that fail at discretionary trading fail because of the above. Discretionary trading is much more powerful that mechanical trading. Its ability to adapt...

The market IS inherently uncertain. You simply cannot box it in with certainty of "good signals". We all want certainty. Cannot be found in the markets. We only work in probabilities. Thats it. No two trends are alike. No two ranges are alike. You have to wait for P.A. to show when a B.O. is...