I perform well, but keep my bets fixed and simple. I haven't researched many gambling formulas, but have always been fascinated by them. Maybe one day, for shits and giggles, i'll setup a 50k blowout account, and attempt to compound/scale back bet sizes based on something like a monthly win%.
Price should take off after you enter
- Thread starter iamnewuser911
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I perform well, but keep my bets fixed and simple. I haven't researched many gambling formulas, but have always been fascinated by them. Maybe one day, for shits and giggles, i'll setup a 50k blowout account, and attempt to compound/scale back bet sizes based on something like a monthly win%.
We're way off from OP topic, which is a great one by the way.
Not trying to suck my own dick here, but I'm proficient in both. Some form of intraday reversion is almost inevitable, and with my trading style the expansion cycles and stop adjustments simply don't allow me to make more money off runners. I'm far from a scalper by the way.
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I agree, but he's learning, and it's a question I used to ask myself.
No luck, just probabilities.
Entries and location of mental stops are the keys
Price usually takes of but often not right the way...
YES it is just pure luck. IT IS ALWAYS LUCK. Trading is Gambling. Pure Luck. Pure Gambling. ALWAYS
All trading is always based on luck both when you are out of the market and when you are in the market. the movement of the market is pure luck.
I'm not gonna deny that trading is Luck, but skill also rather plays a significant role.
If you treat trading like betting on a color on the roulette wheel...then you will be fuc*ed
Skill carves out that edge, or puts it more in your favor.
I'm thinking the same thing. WTF is he doing here. We come here to discuss calculated risk.
Price "should" not do anything just because you think it might. This is how the ill informed think. Once you enter the risk is active, and if you do not control your risk and let it get out of hand then you really should not be trading. Many get sucked into the big advertising and cheap talk about big easy money, when it really is the exact opposite. $500 daytrading margin on ES is a typical example of this. Trading is one the hardest things in the world to master, but any person who has succeeded somewhat will tell you that it is all about mastering yourself, which requires an understanding of how financial markets operate. How can it be any other way. You can not understand yourself, if you do not understand what you are trying to do in the first place.