Search results

Try to develop a set of rules and follow it with good discipline, no matter what your previous trade was. Every trade should be independent from the previous one and executed/managed according to rules, not according to anything else.

Slightly below 60%. Also typical profitable trade is larger than losing trade.

Risk/reward is truly great, considering this fact! :D

Having a decent edge in the liquid market would definitely not hurt too. :D

LOL, how sad, but typical for this business...

Hmm. Euro has way enough liquidity, but good for trading.

If not, then it already states not enough liquidity to enter as easily as with $500. :p

If there's enough liquidity, then 2nd point is more psychological (getting used to playing big money).

If speak about trading business, the key I think is very liquid instrument and relatively long-term strategy to be able to enter/exit without care about every tick.

Funny, every time someone pimps "too good to be true" performance, it really is so and there's always some skeleton hidden in the closet. :D Signal provider sites are full of such "superstars" making huge returns (for some time) by taking huge risks, not by being uniquely good traders.

Yep. Used to trade US session, while I live in the UTC+7 time zone... To say it was hard is nothing. Most likely no coincidence that I got much more successful when switched to trading European session mostly. Would probably be even better to trade Asian markets, but didn't found any which I...

Every system is 100% until it makes a loss. :D But in my experience systems with high hitrate tend to make less money than systems with high risk/reward. So I vote for bottom line and hitrate is not that important.

I always have hard stop in place, but regularly exit losing trades before it gets hit.

Exactly. You do not feel aggression or like that. Actually you better not be under the influence of any emotions as much as you can. You calmly sit in the bush and wait for the good opportunity. And when it appears, you also calmly attack and do the best you can to kill and get your meat. :)

That has much more to do with persistence quality rather than aggression.

It depends. I think the best combo for the trading business is being "tight aggressive" (speaking in poker language). Have emotions under control and express intentional aggression only when it's truly appropriate thing to do. Being in the paws of uncontrolled emotions of any kind, be it...

Times of knights searching for Holy Grail are long gone, but as for finding consistently profitable style of trading, that took about 3 years. :)

Don't remember exactly, but about 5 I think.

Yes. Tools and general trading ideas promoted by JH are pretty sane. What was wrong is too much esoteric stuff which for some reason was thrown into the equation and turned good idea of creating a complete method for newbies into something too complicated for most to even understand, not even...

Long time passed since I saw a thread devoted to Jack last time. :D