You mean this man?Originally Posted by ;
Read this site by ff penis Far East Man:
http://somewhere-far-east.blogspot.c...ot-sizing.html
Additionally, excerpt by Binnooh:
https://www.forexforum.co.za/trading...-scalping.html
If you risk 5% #8211; you'll wipe out as soon as you've 20 consecutive losing trades #8211; 1 opportunity in 1,048,576 (about a million)
If you risk two% #8211; you may wipe out as soon as you've 50 consecutive losing trades #8211; 1 opportunity in 1,125,899,906,842,620 or about a BILLION! ...
Does that make you feel much better?
As for exiting too early, can try out any of the following:
1) Instead of buying 1 micro or mini lot, buy 2, and when you exit, shut 1/2 of your position, and leave the other 1/2 open.
2) When using 1 micro or mini lot, enter a new position in precisely the exact same direction when you shut the 1st position.
Fifty consecutive losing trades, twenty consecutive losing trades. Mist all chucking frighty. I realise this just pointed out opportunities and odd's, but forget all about mm, r/r and all sorts of other bs. Stop way before 20 losse's, and cotton on to a system, method, edge which works. The issue that is most crucial is to have more trades than losing trades, I know easier said than done, but once you get their mm, the rest of the bs, and r/r, is really immaterial. And yes I am on micro lots, but I am ahead.Originally Posted by ;
yes, I will say it again.Originally Posted by ;
It is all relative.
Not everybody is trading to your cash.
Or at least, cash is not the primary motivation for all traders....
There are far superior, intangible reasons/motivations than cash.
I think'the search' (for the reply to your question) is your next quest.Originally Posted by ;
OMG, enough already!Originally Posted by ;
Money management and risk:reward are certainly not BS or trivial, and no the most significant issue is not more winning trades than losing trades!
Seriously, what world are some of you guys on?
The figures in eagle-4x's post that you quoted, which he quoted from another equally clueless noobs post, are screwed, they don't make sense! The blog which he published a link to is pathetic, half a page of convoluted description about how to exercise 2% of your account and trade size, and the rest is some misleading nonsense about predetermined risk. The proposal to shut out a trade can be misleading, risk on the whole and profit on half? Followed up by some more nonsense about opening a new trade in the same way for a trade you shut paying spread for FA! And to top it off you are announcing and R:R is immaterial!
And that is just the past few articles, this and other threads are filled with similar crap.
Chrisonabike whatever happened to these forums, this is embarrassing! It is ok not understanding ask questions, post thoughts and ideas, discuss them, but to offer other people that are equally clueless guidance is the blind leading the blind and so is inexcusable!
Come on folks, wise up, otherwise these forums will end up a standing joke in the trading community rather than an effective and valuable resource!
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Repeating it does not make it authentic!Originally Posted by ;
Give us an illustration of a number of these far superior, intangible reasons/motivations than money, unless you are another one who's full of it!
'. .end upward...'?Originally Posted by ;
Come on Pip, I do not think 14 years at the game entitles you to some worthy opinion does it. . .wait... exactly what?