What makes you think there are as many retail traders as 100M people? And among those, how do you think, what is the probability of someone being just "lucky" having say 60% win rate with 1:1 R/R after thousands of trades happened during years?
Why did you decide my intention is propaganda? :)
My intention is not to let distortion of reality happen.
I got what you mean. And agree about 90%+ losing. Now tell me, what % of athletes who try to make a career in sports become Olympic winners? No need for exact numbers, just how do you...
I changed the question because it's not important how many is "many", whatever you find large enough sample. :)
Did I understand you right, that you admit: among all retail traders there can be some who are consistently profitable after making many (thousands) of trades?
There was no propaganda, there was a QUESTION to you: IF you see such a statement, would you believe retail trading is possible?
You never answered just "yes" or "no", so who's doing propaganda here? :p
Still have no idea how PFG case is related to the fact if trading possible or not. :)
I don't care much to prove anything here or anywhere else. My methodology is so simple monkey could follow it and make money. :D
Trading and particularly talking with people interested in trading gives invaluable examples of how human mind operates, because circumstances of uncertainty...
Yea, a lot of mental strength is needed to keep responsibility and objectivity during periods of losing.
P. S. Wonder if Zuckerberg now blaming FB dump on stupid users who don't click ads often enough. :D
SSSS,
You won't escape. :D
Whatever is "many", let it be 1000 trades with average hit rate of 60% and 1:1 R/R. Would such a statistics make you sure retail trading is possible?
I see... Well, almost deflation currently even with zero rates, so... :)
Of course all those QE's will eventually lead to hyper-inflation as econ starts to recover, but that's quite a long-term bet I would say.
Yes, long volatility, that's what I thought when you mentioned Taleb (aka Black Swan I assume :) ).
Not sure @ long interest rates of ECB, though, considering the current fundamental context. But that's your game, you must know better. :)
I'm too lazy (Russian, you know :D ) to analyze options lately... Agree on psychology, would recommend Mark Douglas on the matter, good stuff worth reading too.
Never read anything particularly related to forex, besides Cornelius Lucas (forgot the exact name, "Trading the Currency Market" or like that). But that book is more of a descriptive nature than actual guide for a trader.
My stuff is based on... Edwards & Magee (who could have guessed...