90% winrate

Just can't see how anyone could risk that much of an account, risking $5,000 on Palladuim? Long, Intermediate and short term trends down, took me a few shots at finding the highs a year ago and still short after rollovers, but I never risk that kind of money like you do. Ever hear about hedging?

And I highly doubt you can get close to 90% win rate not trading the way you are, you lack total disicipline, you have to have much more confidense in you method and unless it is shouting a signal, best to stay on the side.

I am a firm believer of not risking more than 2% on long term trades, otherwise when drawdowns occur, you won't have enough to bounce back. I think unless you have $50,000, long term futures should not be tried, better to do ETF's with less monies.
 
He probably has a 90% win ratio, and then one day 1 of the 10% losers blows up his account. Win ratio has nothing to do with being a profitable trader, but noobs love these kind of threads or root for the traders on the ES journal who keep averaging down after the market already goes 10 points against them.

Also, if the chart he posts on this thread is really the charts he uses, they are close to worthless in predicting future price movement correctly.

My charts probably have a 90% win ratio, but I am not patient enough to wait for a perfect setup, but I am happy with my 60% win ratio at even risk vs reward.
 
maybe if you try 9 to 1 risk/reward you can get 90% ? not sure just sayin'

good luck

btw, the USDCAD has a long downward trend. FX keeps it's megatrends really well. i'd only do short trades on that, so again, good luck. i'd put a target at 0.9930...
 
Quote from Wide Tailz:

Perhaps the reason the same mistakes keep happening is because you keep sweeping them under the rug.

I think you will improve much faster if you publish all your trades and force yourself to acknowledge what you keep doing wrong.

Then seek a hypnosis guru to probe your subconscious mind for past trauma. Re experience these past mistakes that scarred your Trading Identity and re-program your subconscious mind with the CORRECT behavior.

You might be surprised how deeply coerced you are to repeat the same mistakes, simply because they hurt you in the first place. There are books and books on this type of trader development.

It's obvious to all of us, at this point, that you are terrified of missing out on the big win, "a gambler" as you referred to yourself.

I think if you man up and face your true self, this issue may start to go away. Your dependence on mind altering drugs may weaken, as well.

:)
More...

Thank you for the advice.

The reason why i lost is because i didnt followed my rules.

Now i only trade my rules and i will make money.

I am not a gambler, i have a proofen perfect working arsenal of strategies.

I am a trader and its the only thing i can.

PEACE

:) :) :)
 
Quote from Handle123:

Just can't see how anyone could risk that much of an account, risking $5,000 on Palladuim? Long, Intermediate and short term trends down, took me a few shots at finding the highs a year ago and still short after rollovers, but I never risk that kind of money like you do. Ever hear about hedging?

And I highly doubt you can get close to 90% win rate not trading the way you are, you lack total disicipline, you have to have much more confidense in you method and unless it is shouting a signal, best to stay on the side.

I am a firm believer of not risking more than 2% on long term trades, otherwise when drawdowns occur, you won't have enough to bounce back. I think unless you have $50,000, long term futures should not be tried, better to do ETF's with less monies.
More...

Greetings,

yes, i know what hedging is.

But my trading style is betting on high odds, nothing else.

How much i bet depends on the money in the account,
i mean, if i only trade with 10,000 then a risk of 1-2k is ok,
because i know if i lose it, i will make it back.

If i trade with 100,000 then the same trade would be a 10,000 risk trade.

Yes i bet high and so i win high - together with 9 of 10 trades are winners, i am a successful trader.

No risk / no fun.

I dont hedge anything, i only trade the odds in the markets.

Best,

:p :p :p
 
Quote from braincell:

maybe if you try 9 to 1 risk/reward you can get 90% ? not sure just sayin'

good luck

btw, the USDCAD has a long downward trend. FX keeps it's megatrends really well. i'd only do short trades on that, so again, good luck. i'd put a target at 0.9930...
More...

Hi,

i am a short time trader, so i dont care what the long trend is.

My target is around 1.0000 for the next days.

But the odds can change with every new bar.

I will keep you updated.

:) :) :)
 
Trade 2

GBPJPY
Short
Entry 124.82 at 19:29 New York
Stop 125.72
Risk = 2,000 USD

---------------------
open trades = 2
maximum possible risk = 50% of account
Leverage = super high
total risk = 4,000 USD
 

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