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Thread: Ultimate Successful Trading Technique

  1. #11
    OK, fair enough - maybe the rookie traders I read in'New Market Wizards', (many of whom are happy using a 30/40% success rate) are wrong then.

    If you're a longer term trend trader then these figures are more than okay. % success rate doesn't matter as long as the losers are comparatively small in comparison to the winners.

    I am currently averaging just under 5% a month, which compounds to over 75 percent per year. I'm just a newbie but every transaction I've made live has been posted here in FF.

    Quote Originally Posted by ;
    That is what I didnt enjoy:



    Im not saying that you cant become a trillionary using a 30 percent hitrate, but just as easily?

    No way.

  2. #12
    Quote Originally Posted by ;
    OK, fair enough - possibly the rookie traders I read in'New Market Wizards', (many of whom are satisfied using a 30/40% success rate) are incorrect then.

    If you are a longer term trend trader then those figures are more than acceptable. % success rate does not matter provided that the winners are relatively modest in comparison to the winners.

    I am currently averaging just under 5% a month, which compounds to over 75% a year. I'm just a newbie but each trade I have made reside was posted here at FF, good bad and ugly.
    Relax Im not saying it's anything wrong with the way you trade or the hitrate.
    Im saying it wont be as simple as if you had a 100 percent hitrate platform (if it was such a thing)

    You operate in the actual world, along with the 100 percent hittrate operate from the fanciful world.

    If you had a 100 percent hitrate, you wouldn't require disepline, consistency or anything. If not being bussy on the 14, you could take a few trades. And it would be flat out simple, you would winn each time.

    But you, like the rest of us living in the actual world, really have to work for it.

    It is the as easily part I don't like. Saying this, Im your way of investing is -better- than a platform promising 100%.

  3. #13
    OK, I am relaxed now

    I believe all we'd like to see is the thread starter to start his/her very own journal with actual live trades and we can all stop speculating lol.

    As moneybags and a couple of others have said, what was the point of starting the thread at all unless the author intends to post some live trades at a journal. They do not even have to say squat - it just seems pointless starting a thread with such a name without actually following up with some thing.

    Anyhow, it's Saturday night - time to chill out.

    Kind Regards
    Steve

    Quote Originally Posted by ;
    Relax Im not saying it's anything wrong with the way you trade or the hitrate.
    Am saying it wont be as simple as if you had a 100 percent hitrate platform (if it had been this kind of thing)

    You operate in the real world, and the 100 percent hittrate operate from the imaginary world.

    If you had a 100 percent hitrate, you wouldn't need disepline, anything or consistency. When not being bussy on the 14, you could take a few trades. And it'd be just flat out simple, you would winn each moment.

    But you, like the rest of us residing in the real world, actually have to work for it.

    It's the as easily part I really don't like. Saying that, Im 99% sure your manner of trading is better- than a platform promising 100%.

  4. #14
    Quote Originally Posted by ;
    While I acknowledge a healthy skepticism about the financial claims of every trader, I also want to determine the false logic of this dogmatic skeptic. Since the dogmatic skeptic has an illusory feeling of ingrained certainty concerning subjects that they don't have knowledge about, which basically comprises everything they aren't certain of, they often resort to illogical and invalid forms of argument to attempt and warrant their illogical assertions of certainty or intense skepticism.

    Example 1: The dogmatic skeptic says there is almost certainly no intelligent life from the planet. When questioned further, it turns out that the only valid evidence that could change their mind would be when they had been personally transported by a strange looking being to a distant planet and be permitted to explore it. Observations any testimony , physical evidence, indie or communiions from distance, telescope imagery argument or alternative evidence would be insufficient, regardless of whom, exactly what it is, how frequent or volumnuous, to change their view. It is plain they have a fixed view, and nothing can change it anyhow a blow to the head.

    Example two: Some people uncover strong evidence of a criminal conspiracy. The dogmatic skeptic asserts the theory is implausible (they haughtily label it a conspiracy theory), since if it had been accurate, they assert, then that implies there are numerous criminals in society, which they imply is improbable, and furthermore assert that if it had been true then one or more of the conspirators could have gone into the media and acknowledged their own criminal acts (which is also unlikely), and then the media would have published these confessions (that isn't just improbable, but likely illegal).

    Example 3: The dogmatic skeptic says that if someone found a high performance trading platform, then they'd immediately become a billionaire. If they aren't recorded already in the list of the wealthiest individuals on the planet, then they have not found an extremely successful trading platform. This argument is patently false on many counts.
    I am curious how you trade...I am still finding my trading personality and that is why I look at virtually everything new that comes together.

    You're obviously very intelligent judging by the content of your posts.

    Are you long term or intraday?

    Thanks for your contributions

  5. #15
    There is something.

    And it is for any newbie to learn how to stay in REALITY.

    Be genuine about your own expectations.

    A) Take a timeframe to accomplish learning proper abilities (realistically years).

    B) Have sufficient trading funds living expenditures.

    C) If you anticipate system trading, then time to develop and evaluation will be required.

    D) if you're live-trading always plan for the worst, meaning possess a stoploss (real or plogical ).

    There are many others. For traders who can not grow and stick to their own rules, then they don't have what is needed most: subject.

    To get a 100% powerful system. It is theoretically possible. But the markets don't care about theories.

  6. #16
    Mr. Zeekans, can you alter your thread title and your very first post of the thread. I dont care if your system is 100% accurate or around 100%. You ought to be aware of how people will react with your above statement(skepticism, greed, envy, etc, etc).

    Congratulation for the 58 straight winners, however there is MORE TIME NEEDED in order to proclaim a 100% Successful Trading Technique. Having 1 losing trade for each 50 , 100 , 1000 trades isnt bad. Simply stick with your own Money Management and unwind.

    You can start a journal and place your entries with SL TP and demoe that the validality of your own system (without showing it). The only thing you may lose is the PRIDE if there's any losing commerce, however you have.

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