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I agree. You have to have an extremely high win percentage if your losing trades are bigger than your winning trades.

Why? Think about what you just said. Why would I leave that $100,000 fully exposed when I can leverage $1000, 100 to 1 and get the same benefit? Now, I have only exposed myself to a potential loss of $1000 instead of the full $100,000, but I have the buying power of the full $100,000. I...

I do believe that psychology is the greatest hurdle for anyone who is actively typing in their trade. Perhaps even for a person who has it automated, but still watches and feels the emotion of a winning/losing trade. Your comments about the average person are very relevant to me. I feel...

:D :D Yes, but you know what I mean, don't you? When you backtest your strategy, and find that you have a 9/10 win ratio over a period of 10 years, you do realize that if you were to randomly select 1 year in that period, you'd likely find that your win ratio was much less than that for...

"real money"? Another SIM trader? I'm sorry, but I simply don't agree. The psycholgy of trading a SIM account and real money is completely different. How much have I lost since this proces began about a year ago? About $1000. A leveraged account gives a few hundred dollar account the...

Where do you get off reviving a 9 day old thread with this stupid, idiotic nonsense? GrandSuperPooper, get stuffed!

Back in early November I started with $2300. I transfered $300 into a trading account, and promptly grew it to just over 500 by mid november. By end of November, I was just over a $1000. Then I got a little too bold with my gold trading. As the gold price collapsed in December, I kept cost...

Yes, but you got to ride the coat tail of the biggest trader of all time, Mr Bernanke. Loads of excitement, but oh what a stink!!

Sortof. This bigger player beats you statistically since they have the opportunity to have many, many more, " limited win(s), limited loss(es)". The 9/10 win ratio is realized best through the largest possible number of trades. Law of large numbers. The bigger player also beats you because...

I think HateTheRisk has a valid point about taking money off the table. Consider this: In the forex account that I work with, you can only lose the equity in that account. You can't be in "debt" to the "house" So, if for each of the 10 trades, you deposit only as much as you are...

That depends. I too can create a 9/10 win rate. Trouble is that the 1/10 is often a bigger loss then the 9/10 are winners. This is my big struggle right now. Finding winning entry points is getting a lot easier. Ensuring that the P * W > (1 - P)*L is still a challenge because I have a...

Thanks. Actually, I started with a tiny $2000 amount that I was willing to risk. I have this money set aside in a savings account. At any given time I am only risking about $100 in a trading account while I try to learn. I have killed a few of those $100 accounts so far.

The mocking oldtim(er) is at it again. :D By the way, in this day an age, when you can risk $50 to $100 at a time to learn how to trade, you are an absolute and complete idiot if you choose instead to make a large, several thousand, deposit and trade with this, because in the vast majority...

When I trade with a $100, it feel like nothing, so I am inclined to leverage at a much higher level. That $1000 seems to be psychological barier for me. I start taking bad risks and find myself right down at $100 again. I am trading gold. It requires a $2 deposit to trade 1 ounce of gold...

That's right the price will drop like a rock, but at the same time the number of shares will increase in a corresponding proportion. Do you know what this is called, GrandSuperPooper?

What happened to the list of the trolls which included my name? I guess you realized the list was going to get too long. :D :D

ES, you asked the question, so why don't you provide your definition of what gambling is. Only then can we answer your question in a meaningful way. The simple definition states that if the result isn't certain then you are gambling. I am telling you that many uncertain results can add up...

If you perform any experiment over and over again such that Pw * W - Pl * L - e > 0, you will eventually reduce your risk to 0. Pw - Probability of winning. W - size of win Pl - Probability of loss. L - size of loss e - expenses. "Statistically i make money on every trade, because...

Give credit where it is due and post your reference, asshole!

I don't know. GrandSuperPooper is offering me a rather good "edge" right now. Everything he suggests, I do the opposite. :D