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Yes but only institution, not those BS prop firm.

This is a free country and we all are free to chase your own dream. I make a good life with my trading & investing as I am lucky enough to be in the right place that I learned the real knowledge when I was young. Those "real" knowledge (sorry to say TA is not one of them) serve me well until...

Good luck for your chart pattern.

I am not proposing one pip trading or roulette. The key point is the chart data (price) that you look at everyday is actually no different than those data generate by random generator or even roulette (which is completely random system). Go for it if you still think you can make money by...

Just download a random number generator online, run it and assume one pip up when you have the even number and one pip down for odd number. Another more fun way is go to casino and look at roulette, plot it as one pip up when it is dark, and one pip down when it is red. Plot those data and...

Day trade with TA. Thinking they can outsmart the volatility in short term Trading ( aka playing with noise).

Lol, you think so??

If you just want to make up some fancy story to make you feel better, i advice you to go out and find something better for yourself rather than wasting your time here. I have been in this business long enough, both in institutional and retail. I know how this industry work. No one with...

Good you bring up roulette example. As a professional poker, you did understand why no one can beat roulette in long term. The 0 bring the odd to the house (aka edge). In other word, you are paying commission / slippage (2.7%) to casino. The mathematically edge from options will hardly bet the...

Not sure if you are referring to those losers that work (or should I say contracted) in prop firm or someone that really work in financial institutions? Both are different.

Surf, I assume you have make millions now from this FREE money?

When you are saying you are holding some ETF for long haul, I hope you are not talking about USO or OIL?

This is clearly scam. If you can't even smell something fishy here, I doubt you can be a successful trader that require an instinct to smell the big "fish" in Wall Street :rolleyes:

Very good post. The law of large number. Indeed, most of the strategy will work in certain time flame (e.g. breakout strategy will do well in trending and less "noisy" market, while fade strategy works better in chop market), but if you do back test on each of them separately in long term (law...

Nodoji, LOL. It is always enjoyable to see the amateur Bull (who bought at the "retracement" at D) run for cover and sell their shirt when their SL hit at S2 which is just below D. Their miserable provide a free ride for my short at D.

Agree. A big loss system doesn't means it is a loser system, this all come back to the expectancy (aka "edge"). If you have positive expectancy in your system (after commission and slippage) and good money management, who care if you can only make a small win with potential big loss in each trade ?

Wrong. I have no problem if my losing trade is much larger than my winning trade (big loss with small win), this all come down to the risk/reward vs win/loss ratio. I am completely OK if a system allow me to make $1 or loss $6 in each trade, IF my winning ratio = 95% :)

Honestly, I have no problem if my losing trade is much larger than my winning trade, this all boil down to the risk/reward vs win/loss ratio. I am completely OK if a system allow me to make $1 or loss $6 in each trade, IF my winning ratio = 95% :)

At least those professors contribute something back to society in their teaching. The fund Manager? Lol, collecting fees for their lavish living standards even most of them underperform the passive indices. I hope you are not one of them??

Those folks normally end up as a trader that make millions a year to the firm, but only take home a few hundred $K the most. Their manager will bring home a few millions