Success in life and in Trading

Millionaire said:
1:1 RR and a 65% win rate. And around one trade per day.

Is a holy grail trading system.

If i had that system for any liquid market I would be a very happy man.

That system has as Kelly optimal bet fraction of 30%, that is how good it is. Will make you rich very quick even betting at half Kelly.

Sadly such systems don't exist, or at least i haven't been able to find anything that consistently good..
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Hello Millionaire,

That system exist. ALL SYSTEMS EXIST.

The best mindset a trader can have is to know everything exist and best to be clueless of what works and doesn't work. EVERYTHING WORKS.
 
Millionaire said:
Yes even high win rates like 90% win rate work (with RR of at least 1:1) if you have insider information.
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Hello Millionaire,

Why is insider information required? There could be a trader or trading system in the world that produces such trader performance.

Full Disclaimer: I am ONLY a consistent profitable trader for 2 months now. Please see my comments as my opinions only. I have zero proof of anything I say longer than 2 months. My comments are probably worth a penny with a hole in it or the dog poop at the dog park.
 
SimpleMeLike said:
Why is insider information required? There could be a trader or trading system in the world that produces such trader performance.
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Yes there could be, but if you really want to find it then you could end up spending your whole life searching for it with no guarantee that you will find it.

This is called the 'Search for the Holy Grail', some traders spend their whole careers looking for that system or method that will give them very few losses.

I think you maybe on that search at the moment.

I realised quickly in my career that high win rates are not the aim. Instead i should look for big profits instead. Win rates below 50% are not a problem if you have a decent positive profit expectation/edge.
 
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Millionaire said:
Yes there could be, but if you really want to find it then you could end up spending your whole life searching for it with no guarantee that you will find it.

This is called the 'Search for the Holy Grail', some traders spend their whole careers looking for that system or method that will give them very few losses.

I think you maybe on that search at the moment.

I realised quickly in my career that high win rates are not the aim. Instead i should look for big profits instead. Win rates below 50% are not a problem if you have a positive profit expectation/edge.
More...
Hello Millionaire,

Thanks for the help sir.

Cool beans, I am off that journey.

as you said earlier, it is best to just focus on winning alot on "average" over XXX-X,XXXX trades for the next Y-Z,ZZZ years.

We agree?
 
SimpleMeLike said:
Hello Millionaire,

Thanks for the help sir.

Cool beans, I am off that journey.

as you said earlier, it is best to just focus on winning alot on "average" over XXX-X,XXXX trades for the next Y-Z,ZZZ years.

We agree?
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Well i do agree. But don't stop just because i recommend it. You should do your own research and prove to yourself.
 
MacBookProHo said:
In all honesty, and modesty, I want to make a ton of money from the market.
I want to go down in history, as one of the bests traders, ever.
I know, I sound egotistical....but you asked, I told.
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But are you willing to die making it to your mailbox and back?
 
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