Search results

If the "multiplier" is leverage, then multiplying 30X will have no effect on your profit, it will only increase your buying power. In plain English it means that you will be able to control more lot size for less margin in your account. The profit (or loss) will only be affected by the lot...

I would definitely agree that as described by you this is not "controlling" but a parent taking an active interest in helping a child make good decisions. The only way it would be controlling is if the parent forced the subject on the child after it was apparent the child had a dislike for the...

This is very true... and one of the keys to winning in the market. Follow a winning process with a positive edge and don't worry so much about the money, wins or losses. Don't get greedy by risking too much. Keep your trade size in line with your risk appetite and account size. There really...

What part of "long the U.S. Dollar" didn't you understand?

"Who in their right mind would buy dollars when they are just built on a house of cards supported by some rich bankers who call themselves The Federal Reserve?" Reason #3,847 to check your opinion(s) at the door when trading. To those who actually believe the quote above and can't let go of...

BTW, you don't even know what my risk level is, so how do you know a "huge" drawdown is on the way? Just like risk of ruin you can't calculate drawdown on "win rate" alone. Not to mention that "huge" is a subjective term. To some 10% is huge... other's don't blink at 50-60%. One more way you...

I'm sorry, if you can't accept that the win rate of a trading system (especially a trend following system) can vary greatly from month to month then you are a CLASS "A" MORON. This statement alone shows you have no actual experience trading and shouldn't be here offering advice to novices. In...

Do you know what account equity is? Do you know what profit factor is? Do you know what risk/reward is? Do you know how they are calculated into risk of ruin? I guess you don't.

Please stop peddling misinformation and distorting facts to fit your opinion. While what you are saying is true in a scenario like a simple coin toss game, trading systems have other variables along with win rate that need to be considered to calculate risk of ruin. I can refer you to the...

1. Stops and position size are NOT the same. Stops should be dependent upon the volatility of the market/vehicle traded. Your position sizes should always be built around the size of your stops, NOT the other way around. You can take a very viable trading system and destroy it by setting...

Yes, that's exactly what we mean... congratulations on figuring it all out.

While I appreciate the effort you put into your reply and your Monte Carlo simulations, even with a trading system that generates an "80% win rate" your risk of loss is STILL infinite as far as the number of trades you may lose. Short of a system with a 100% win rate (you know, the robot...

Ummm... I have been trading a trend following system for years with AN AVERAGE R/R of "1 to 2.8" and AN AVERAGE win rate of 41%. I think that qualifies. My largest drawdown... 22%. Risk reward ratios don't have to be "planned" before a trade. The risk can be determined ahead of time and...

Reading through this forum it's quite easy to see who the real traders are vs. who the "pretenders" are. I will spare the pretenders the embarrassment by not quoting them, but here are the facts: 1. It's a mathematical FACT that you don't need a trading system with a winning percentage of...

I couldn't agree with Robert more. There is A LOT to learn before you're ready to start trading. I've been a relatively successful trader for years and still spend hours and hours a week studying and learning new things. Just like you wouldn't fly in an airplane with someone who isn't a...