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I suspect these statistics are wildly over-optimistic and I have to wonder how they defined the respective groups. I am a UK-based spread-better mostly in forex and indices. The SB companies here have said for years that at any one time they have only 20-22% of clients profitable. For me the...

If you don't have 24hrs a day to trade you can regard that as an advantage, not a handicap. This work situaiton will force you to trade using daily charts, with a long-term tine horizon. This is where the big profit lies. I used to swing trade when I was working full-time but found my successes...

I daren't comment. I don't know if you're serious now or just dangling a hook in the water........ But it has been a good year already........

There's no such thing as a no-brainer. Have you identified what lower price would cause you to get out of your S&P position? How much in capital would that cost? What proportion of your account would this represent?

So far we seem to be agreeing that 3 bars could mean 4 and a bar could be of any length. So maybe we could be talking about 5 bars or maybe 6, and maybe consecutive bars could be of different length? I think with so much latitude we could generate any chart pattern known to man plus a few more...

Money managers are not private retail traders, private retail traders don't do what money managers do. So who cares what they've done, when or how. Most academics with anything to say about the markets are working to assist the money management industry, their clients. Now, if an academic came...

Agreed. The cause of homelessness is not a shortage of small homes.

It was an interesting article Aswath, thanks for posting this. I don't mean to be rude but aren't academics one of the trader's main opponents? I mean, the more successful we are at making money independently, the less money goes into the money management industry, which cuts your university's...

Not strictly true. The US years ago accepted Jerusalem as Israel's capital and that the US Embassy should be moved there. All Trump has done is confirm the Embassy will move to Jerusalem but he has waived the legislation to actually do this like all those before him since 1995. So he's done his...

I wouldn't have thought there was much reason to doubt the biblical statement that Jerusalem had a governor 2700 years ago, its not very contentious given the region's development by that period. That's about all this discovery proves.

Sorry to hear what's happened to you tortoise but I see this message as having really positive potential. Its early in a new year, a perfect time to take a step back and re-examine what you've been doing and how it went last year but also what you want to do and how you will achieve it this...

A 6-figure income is a valid objective, though as has been pointed out, the relationship of the market and your system will decide if you actually get this: you can accelerate income by using by a larger account capital. But a 2k/wk objective suggests you're closing trades at least by the end...

My experience is there are just two types of job. Good jobs I've had - able to make own decisions as to strategies and solutions, able to plan own workday and week, handling complex/sensitive issues so output not readily unitised and monitored, able to apply own character/personal strengths to...

I can let you know I'm doing well.

These discussions come up amongst traders from the start of December until about Easter. Its possibly very dangerous territory to get into - IF - you let it sway your trading decisions so you have a bias. Like the old adage for investors, "Never get married to a stock", maybe we need an...

Yes indeed, a shorter time-frame chart will throw up more opportunities per week than a longer one. But getting a signal and getting a profit don't follow automatically. I still think the overall system dictates how you spend your day/week and what tools you use to make money.

How can you know that trading the 4hr chart will be profitable for you without a system yet? surely the cart should follow the horse? The forex market is like any other. The big players use big money to take positions they want to take, and this moves price up or down. When prices are rising...

I understand this is in a 1950 publication based on his grain and commodity trading during the 1930's. It would be interesting to learn of current use of his techniques.

If price is up, price is up: if price is down, price is down. Doesn't matter to me what volume is.

Utter rubbish.