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Because there is no other way to make a 10,000% return ?...

TA is a useful tool. You cannot predict the news or the future with it but you can make an educated guess about the buying and selling patterns of the traders and investors. You will take a lot of losses using TA but that is OK because if you use it correctly and consistently you will be right...

ric, I think 50% return on your equity per year is an excellent performance. If you start out with $25,000 initial capital and are able to average 50% a year, then after 10 years you will be a millionaire. To put things in perspective, let's say you start trading when you are 25; then by 35 you...

Well said.

I don't think you should have a target. Trading is about adaptation and improvisation not about hard work and getting paid proportionately to the amount of work done. Setting a monthly target in trading is like going into a boxing match and deciding to punch your opponent a predefined number of...

1987...

2005...

I see your point, no need to start an argument :mad: Anyone can use anything they want and if they make money they get my respect :cool:

The problem with indicators is that people just rely on them too much and expect that if they use some fancy indicators they have an edge over someone that doesn't use indicators. Almost all indicators are built using price data or volume. But you already have the price and volume on your chart...

But you are a good trader, no :)

KBI :cool:

I would guess that less than 0.5% of the people on this board have ever managed to generate a 2000% internal rate of return on their money. So before concerning myself with the question of how long it will take, I would first try to figure HOW to create such superior edge.

Mvic, Thanks for sharing your story... it is very rare that someone decides to reveal his true story with all the ups and downs. Good luck :)

The answer to your question is pretty simple: y = 3 / (ln g), where 'g' is how many times you can increase your capital per year For example, if you are extremely good and risk tolerant and get a very nice maket so that you could double your capital every year, then y = 3 / (ln 2) ~ 4.3...

Hey guys, what happened with that 2% risk per trade rule?... Suppose he will start with a 10x leverage, how much he should risk per trade ? Besides the guy will be just starting to learn, a couple of mistakes and he is faced with a drawdown of 30% !!! And I wouldn't recommend day trading - it...

db, I am sorry if this was discussed before, I sometimes find it very difficult to follow your posts because they are mixed up with so many questions and theories from other traders. What percentage of the information, you use for your trading decisions, represents price and volume (and time)...

What type of primary information you use when you trade? It is obvious that the more uncorrelated information you use as input for your decision making process the better your "edge". For example I am a swing trader (holding stocks for 1-3 days on average). Here is what I analyze (in order...

I believe that if I want to do something well I simply have to learn it from someone that already does it well, therefore I read a lot... everything is written somewhere. Everything! I assume that I know less than the guys that have shown results in the field I want to excel and I learn from...

Your performance depends on the state of the market you trade and your particular style. Sometimes the smart thing would be not to trade but such decision requires experience that comes with the time. Generally I think breaking even in the first year of trading is a good if not very good...