Read This - New Traders and Not yet profitable ones.

ktmtrader

ktmtrader

The most successful market participants find a limited number of patterns that have favorable odds of success and repeat the trading of these often, with moderate risk placed in any trade. They win by acting as the house, not as the gambler. They win by taking consistent bets and harvesting returns from favorable odds. They don’t win by making the big bets and big scores. There is remarkably little drama–surprisingly little wizardry–among those who sustain success in financial markets. In the words of Lopez de Prado, their trading desks are more like laboratories than the platforms of gurus. Diversification and disciplined execution explain much of their returns.
 
ktmtrader said:
The most successful market participants find a limited number of patterns that have favorable odds of success and repeat the trading of these often, with moderate risk placed in any trade. They win by acting as the house, not as the gambler. They win by taking consistent bets and harvesting returns from favorable odds. They don’t win by making the big bets and big scores. There is remarkably little drama–surprisingly little wizardry–among those who sustain success in financial markets. In the words of Lopez de Prado, their trading desks are more like laboratories than the platforms of gurus. Diversification and disciplined execution explain much of their returns.
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Another dream sold to newbie by those fake guru or cheap books.
 
ktmtrader said:
The most successful market participants find a limited number of patterns that have favorable odds of success and repeat the trading of these often, with moderate risk placed in any trade. They win by acting as the house, not as the gambler. They win by taking consistent bets and harvesting returns from favorable odds. They don’t win by making the big bets and big scores. There is remarkably little drama–surprisingly little wizardry–among those who sustain success in financial markets. In the words of Lopez de Prado, their trading desks are more like laboratories than the platforms of gurus. Diversification and disciplined execution explain much of their returns.
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Don't tell them that, "they" might not "give it a shot with borrowed $2,000" after giving up their job. We need the lack of knowledge, inexperienced and lazy to keep coming to the markets for their dreams of grandeur and waste, yea boy all those ads of golfer playing by 10:00am has certainly helped.
 
I've known Marcos for years... He's not an academic, or rather not just an academic. He's, of course, 100% correct in his characterization.
 
ktmtrader said:
The most successful market participants find a limited number of patterns that have favorable odds of success and repeat the trading of these often, with moderate risk placed in any trade. They win by acting as the house, not as the gambler. They win by taking consistent bets and harvesting returns from favorable odds. They don’t win by making the big bets and big scores. There is remarkably little drama–surprisingly little wizardry–among those who sustain success in financial markets. In the words of Lopez de Prado, their trading desks are more like laboratories than the platforms of gurus. Diversification and disciplined execution explain much of their returns.
More...

A trader isn't a house. Partially agree.
The house build a 120% book.
And redistribute only 100%.
The house keeps the 20%.
A trader can't do that ..
You can't "Grind" ...
Only Speculate.
 
K-Pia said:
A trader isn't a house. Partially agree.
The house build a 120% book.
And redistribute only 100%.
The house keeps the 20%.
A trader can't do that ..
You can't "Grind" ...
Only Speculate.
More...

you could provide a market ,keep the spread, and not speculate. or better yet fill orders
 
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