probability

Quote from commiebat:

Besides, winning 70% of the time still doesn't guarantee you a profit. We trade for cash, not for winning percentage.
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Completely agree with You. Then I just prefer to sell options...
 
Quote from EMRGLOBAL:

Easy. All you have to do is misuse mathematics by predicting the behavior of nonexistent prices in the nonexistent future.

Statistics describes the past. What might happen in the future is an opinion.

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Wow, out of all post by the Elite Trash, brokers, and 9 to 5ers on this site, I finally read something that makes sense.

Thank G-d there is one voice of reason out of the billion idiots who post.

Congrats!:cool:
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Only one voice of reason?

I guess that you're including yourself along with all the other "idiots" :D

Good to know.

Jimmy Jam
 
nly one voice of reason?

I guess that you're including yourself along with all the other "idiots"

Good to know.

Jimmy Jam
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Hey ass clown. Yes, only one voice of reason. How long have you traded on back testing data? How many times has the past, indicated the future? When you are not pushing paper in your cubicle, or watching your cnbc "ticker" scroll across your computer, thats when you will understand the definition of probabilities. What awaits you in each and every trade?

The rest is bullshit, hogwash and followed by a million non profitable traders.
 
Quote from artes:

Completely agree with You. Then I just prefer to sell options...
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I think you missed my point.

It is very easy to sell options, have 70% of your writes profit, and still lose money. The idea is not to merely have higher probability of profitable trades, but to have more profit from the profitable trades than you have loss from the losing trades.

When your investment strategy is picking up pennies in front of a steamroller, the steamroller only has to win once.
 
Quote from EMRGLOBAL:

nly one voice of reason?

I guess that you're including yourself along with all the other "idiots"

Good to know.

Jimmy Jam
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Hey ass clown. Yes, only one voice of reason. How long have you traded on back testing data? How many times has the past, indicated the future? When you are not pushing paper in your cubicle, or watching your cnbc "ticker" scroll across your computer, thats when you will understand the definition of probabilities. What awaits you in each and every trade?

The rest is bullshit, hogwash and followed by a million non profitable traders.
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I wouldn't trust anyone who can't even format a simple message reply.
 
Quote from JimmyJam:

Using the example of trading leveraged securties, 50% per month is very doable. Example for trading 1 ES contract:

a) 1 contract has a performance bond of $2,000 daytrading performance bond.
b) 1 contract can easily produce an average of $100 gain (that's 2pts) per day on a weekly basis.
c) so, with that $2,000, you can produce $500 per week, or $2,000 per month.
d) scalability is determined by managing the risk respresented by each contract, not by increasing the number of contracts according to the performance bond.

Trading each class of security has very specific criteria for how success is achieved trading it.

It's self-evident from the posts made that trading emini futures is not something which is understood very well by most traders on this board.

Good trading,

Jimmy Jam
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I think if you traded with real money that you would be embarrassed about having written this post.

Good paper trading,

TD
 
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