Bhel puri...Improving Brooks the Padu Way

p0box4 said:
Of course there are no issues with paper trading. However trading is all about consistency.

2 days of trading does not give a reliable track record. I think Padu has proved that by now, maybe a 100 times.

Every time he has been profitable on demo or with a live account for 2 days he thinks he reinvented the wheel, yet a few days later he blows his account.

I would say that is the issue, specially when the trader has been making those exact same mistakes over and over again for 13 years. He keeps making the same mistakes yet is expecting a different outcome.
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oh you are worrying about me...so sweet yes then issue is that you love me.........
I FORGET TO THANK YOU.......for encouraging an 63 old idiot, who with one foot in the grave is tryin to learn to trade.
people like who give such constructive advice is what makes ET great.
i have told Baron to give a huge reward for such self less service
 
SimpleMeLike said:
Is there an issue (e.g., is it bad) with risking (stop loss) $500 to gain reward of $100 (profit target) in trading?
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it is terrible if you consider only risk to reward.

but add probability then it gets better.

and if you add a pattern then it gets even better.

take a trade after 3 pushes and it gets better.

and go to a small time frame like 3 min it gets better.

so if you blindly enter at random and put RR 500:100 then it is bad.

but you are not an idiot to enter at random.....you are entering after a pull back or three pushes.......and it is damn good.

like you have been doing recently.

so the question is wrong and so will be the answer.

and you asking someone who is only interested to say 'oh! what an idiot you are'.
he is thinking that because 90% are idiots who run away from a problem he will be right......

the only difference between a genius and an idiot is that a genius stays with the problem longer he does not run away from it.

an a bigger idiot is one who calls an idiot an idiot

a true idiot is one who thinks someone else is the idiot

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padutrader said:
it is terrible if you consider only risk to reward.

but add probability then it gets better.

and if you add a pattern then it gets even better.

take a trade after 3 pushes and it gets better.

and go to a small time frame like 3 min it gets better.

so if you blindly enter at random and put RR 500:100 then it is bad.

but you are not an idiot to enter at random.....you are entering after a pull back or three pushes.......and it is damn good.

like you have been doing recently.

so the question is wrong and so will be the answer
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Hello Padutrader,

It was a trick question p0box4. He is on your back talking about risk management as if he knows exactly what makes money in the market.

Keep doing your trading Padutrader, nobody knows nothing and nobody can help you but you and your eyes.
 
SimpleMeLike said:
Hello Padutrader,

It was a trick question p0box4. He is on your back talking about risk management as if he knows exactly what makes money in the market.

Keep doing your trading Padutrader, nobody knows nothing and nobody can help you but you and your eyes.
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Trick question or not, he isn't wrong.

I am trading a small account myself as a challenge as you can see in my thread and without proper money management i could just as well throw my money out of the window.
 
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SimpleMeLike said:
Hello Padutrader,

It was a trick question p0box4. He is on your back talking about risk management as if he knows exactly what makes money in the market.

Keep doing your trading Padutrader, nobody knows nothing and nobody can help you but you and your eyes.
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you right
 
FTDK said:
without proper money management i could just as well throw my money out of the window.
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if you rely only on risk management and it is the EASIEST to learn and that is everyone learns first.......like i did

and they think it will stop their account from being blown....IT WONT.
their accounts only deflate slowly not blow..... but their account becomes zero in both cases.

money comes back you never get time back.....if my method is wrong i want to know and know FAST......i prefer blow to deflate.

you think i am idiot doing the same thing for 14 years...well you are the idiots......i am doing exactly what i planned to do

unless you can read the market, find out who is stronger bull or bear, and make good entries, risk management will give you a false sense of security.

if you have good entries you do not need risk management.

you have the horse before the cart

so you are not going to go anywhere.
 
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padutrader said:
an a bigger idiot is one who calls an idiot an idiot

a true idiot is one who thinks someone else is the idiot
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No, an idiot is someone who keeps making the same mistakes over and over again but expecting a different outcome.
 
padutrader said:
if you rely only on risk management and it is the EASIEST to learn and that is everyone learns first.......and they think it will stop their account from being blown....IT WONT.
the statistics prove it
unless you can read the market, find out who is stronger bull or bear, and make good entries, risk management will give you a false sense of security.

if you have good entries you do not need risk management.

you have the horse before the cart

so you are not going to go anywhere.
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Funny how your own thread and your previous one shows that what you are saying is in fact wrong.

You are saying all this but your own results show you are wrong about what you are saying.
 
all of us including me want money simply .....we refuse to do the difficult thing which is learn about market....

.risk management takes 5 min

market knowledge takes min 5-10 years
 
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