Search results

A lot of people do this, cut winners, let losers fly, add to losing positions...and it works!! But only in the short term. Long term, it's a losing strategy for a trader. For an investor it might work though ...the adding to losing position thing. I doubt if cutting winners and letting losers...

So u now cut the winners and let the losers fly?

I was slipped for a whole point last week on ES on IB platform

Simply because he has higher costs. Assume both traders do 10 trades. Some will win and some will lose. Either way, costs are paid. In order to recoup these higher costs over a number of trades, BMO trader will require an higher minimum profit target than IB trader. :)

I suspect he needs a relatively wide stop to meet 80% win rate. Maybe 20 ticks stop loss? Personally, i think he will lose or at best break even rather than becoming rich lol.

No, i think he lost quite a bit of it the following year...

i'm sure i read that T Boone Pickens started with about a billion dollars one year and made it into 5 billion by the end of the year.

Go back and read my post. I said very clearly in BIG letters....MINIMUM profit target. The reason why i say 10x is that over time costs add up and you must make enough to cover them. 10x is just a rule of thumb. Note again, that word MINIMUM. Your profit targets should be way, way more than this.

10 ticks on eurusd is just about ok since it meets my criteria of having an absolute minimum profit target of 10x cost (cost is the bid/offer spread plus round trip commission). So u might just get away with it. Still...it ain't gonna make you rich. You might think about looking onto binary...

I luv the video you made..very dramatic music..sort of like you have found the holy grail :D

10 ticks in what though? ES? CL? GC?

Very important imho. Your absolute MINIMUM profit target should be 10x cost. Cost equals bid/offer plus commission.

looking at 2075 today on es, some minor resistance there, if it can take it out, then 2100 this week.

...of which he is shameless promoter...guzzling 3 pints of coke (plus cherry syrup) a day and stuffing himself with a kilo of fudge and pretending this is healthy!

Plenty wrong...Warren is the leader of a junk food empire...should be taxed 50%

Totally agree. I made the mistake of telling my current gf the dollar amounts, both up and down, and it freaked her out. Don't say anything, it ain't any of her business.

2am CST is 8am in London when the UK markets opens..might explains why things start going at 2am CST.

http://celeb-true.com/images/the-edge/the-edge-02.jpg

I'm using Prudent Risk Management in my local casino, on roulette. I only play on the number 21. I employ PRM because i only put £10 on a number, and when i win, i make a lot, £350! Can't understand it though, I'm still down money even though i won a few times in the last 100 spins. Thought i...

I couldnt care less who is creating it...im totally mercenary, show me the money!