If my take-profits are 2x what my stop-loss is...
Then it is 2x as likely to hit the stop-loss first.
Thus, it breaks even.
That's how I see it.
How can you even claim that technicals matter?
- Thread starter farmerjohn1324
- Start date
If my take-profits are 2x what my stop-loss is...
Then it is 2x as likely to hit the stop-loss first.
Thus, it breaks even.
That's how I see it.
This is an old argument played out on ET numerous times over the years.
First off, I would not recommend starting off as a new trader daytrading.
2nd, if you are playing in an arcade games, are you predicting an outcome or reacting to events which cause you to pull the trigger?
Unfortunately, I don't have time to watch charts at all.
Great! Good decision.
Create a database instead with info you can number crunch probabilities.
What actually was your point in creating the thread?
I was here several weeks ago, and I decided that there is no way that I currently know to reliably make a profit with trading. I have deleted all of my apps. I was just thinking about it today when I was looking at how recent news is what is moving markets. Not moving averages or RSI Etc.
If I could find any way to even get a slight edge above 50%, then I could form a strategy around that and find a leveraged way to trade that strategy.
Watch these 4 videos if mildly serious about trading, someone on ET (forgot who) posted this a little while ago, thanks to them, it is good value.
You don't even need 50% win rate.
Was ZBZB, thanks mate.
because if you play roulette your odds are < 50% and you can not change it. If you trade you are able to make your odds more than 50%. Even 51 % in your favour may be enough to succed