Why do 5% of Traders Win?

[Wide Tailz]

Quote from oilfxpro:



Over the course of time the same high probability set ups may give you the profits.There is random distribution of profits and losses.If you trade a good proven system , it will work , but not neccesirily when you expect.

I'm beginning to think your behavior is intended to test the psychology of the people around you. This post, however, almost makes sense.

Again, how do you know this high probability setup will persist into the future?

 

[deaddog]

Quote from Wide Tailz:

Again, how do you know this high probability setup will persist into the future?

Because human nature doesn't change.

 

[Wide Tailz]

Quote from HATEtheRisk:

Stochastik tells me the future in odds.

We fucking smart guys only think in %.

Percentage, odds, chance, probabilities......................
STATISTICS

:eek: :eek: :eek:

Interesting. So an indicator helps you size up the odds?

 

[Wide Tailz]

Quote from deaddog:

Because human nature doesn't change.

This is a repeating theme in the various winning traders I've read about.

In other words "fade human nature"......... ?

 

[oldtime]

Quote from Wide Tailz:

How do you know how I trade?

what makes you think I know how you trade? I'm not that deep, even shallower than most, but even I can figure out how the deal works. Like I said, if you trade like the 95% of proverbial traders trade I can tell you what your future will be.

The key word is 'if". You'd be surprised how often it comes up when people are talking about what they know.

Most of life has passed me by due to nothing more than a simple lack of observation. They didn't teach us how to observe, but at least before the Department of Education was invented they taught us how to read.

 

[beachhouse]

Quote from oldtime:

good point, almost every week someone wins a lottery somewhere

I am a big beleiver in luck. I believe it is a power which can temporarily be harnessed, and a good system is just like a trap which attempts to capture it when it makes a mistake.

I was kidding. damn it.

trading has nothing to do with luck.

 

[oldtime]

Quote from beachhouse:

I was kidding. damn it.

trading has nothing to do with luck.

well, I am not. I will never win the lottery because the powerball ticket just doubled from $1 to $2 and that is just too much to pay to win a measely 35 million, but if I had won it, I would set up a foundation to study luck. Luck is the name we give to math we don't understand.

 

[Wide Tailz]

Quote from oldtime:

what makes you think I know how you trade? I'm not that deep, even shallower than most, but even I can figure out how the deal works. Like I said, if you trade like the 95% of proverbial traders trade I can tell you what your future will be.

The key word is 'if".

Does it get lonely at the top? Taking all that money from suckerz, with your winning setup, based on taking the other side of human nature's fear driven trade, even if you have to sit in your handz and suffer drawdowns?

 

[oldtime]

Quote from Wide Tailz:

Does it get lonely at the top? Taking all that money from suckerz, with your winning setup, based on taking the other side of human nature's fear driven trade, even if you have to sit in your handz and suffer drawdowns?

the top aint so bad, but it sure as shit gets lonely at the bottom

 

[SimpleTrades]

Quote from oldtime:

the top aint so bad, but it sure as shit gets lonely at the bottom

Yes, but you got to ride the coat tail of the biggest trader of all time, Mr Bernanke. Loads of excitement, but oh what a stink!!