Traders make money, but here is how some traders make serious money

stock_trad3r · Nov 7, 2006

Whats with all the pictures?

Do you guys still read picture bookswith the foldouts?

Or is your brain addled from having spent so much time in front of trading screens that your unable to articulate with words?

Free Thinker · Nov 7, 2006

Quote from stock_trad3r:

Whats with all the pictures?

Do you guys still read picture bookswith the foldouts?

Or is your brain addled from having spent so much time in front of trading screens that your unable to articulate with words?

a picture is worth a thousand words.

gnome · Nov 7, 2006

Quote from vhehn:

here is another good picture of what happens to cocky traders.

Some ET'er should snap this up an use it for an avatar...

faure · Nov 7, 2006

I think the point FurTrd is trying to make is that when you have a higher degree of certainty/probabilty - for what ever reason - you should take a bigger bet.

You guys get all hung up about what constitutes good returns and how 50% is too much to risk... and completely miss the point of the whole thread.

HolyGrail · Nov 7, 2006

Quote from faure:

I think the point FurTrd is trying to make is that when you have a higher degree of certainty/probabilty - for what ever reason - you should take a bigger bet.

There is no such thing as a higher degree of certainity in the markets unless you have inside information.

Pekelo · Nov 7, 2006

Quote from HolyGrail:

There is no such thing as a higher degree of certainity in the markets unless you have inside information.

Sure there is. If indicator A has a 75% chance to play out and indicator B has only 65%, then obviously indicator A has a higher degree of certainity...

HolyGrail · Nov 7, 2006

Quote from Pekelo:

Sure there is. If indicator A has a 75% chance to play out and indicator B has only 65%, then obviously indicator A has a higher degree of certainity...

True but in this thread we are talking 95% degree certainty, and it just plain doesn't exist.

gnome · Nov 7, 2006

Quote from HolyGrail:

True but in this thread we are talking 95% degree certainty, and it just plain doesn't exist.

Not only that, but when would you *know* the probability was 75% (or any particular percentage)?

makloda · Nov 7, 2006

And now you will blow up a 100k account and still not learn your lesson.

I am proud to say, I blew up 2 times until I learned to trade

I blew up one 10 k account and another 5 k account [/B]

HolyGrail · Nov 7, 2006

Quote from gnome:

Not only that, but when would you *know* the probability was 75% (or any particular percentage)?

By backtesting, but as you are insinuating past results are no guarantee of future results, so yes, we actually don't know, we are just playing probabilities and hoping it works one more time. It certainly isn't a reason to increase your position size.