Whats the point waiting for weeks just to get out slightly above be?Originally Posted by ;
In the meantime chances got left behind. Margin was used for nothing.
Whats the point waiting for weeks just to get out slightly above be?Originally Posted by ;
In the meantime chances got left behind. Margin was used for nothing.
There is a management concept floating around at the moment which suggests to translate Pareto's Principle in such a way as to produce what's called Superstar Management. The concept's supporters claim that since 20 percent of your people create 80 percent of your results that you should focus your limited time on managing only that 20 percent, the superstars. The concept is flawed, as we http://forums.about.com/ab-managemen...sg=684.1lgnf=y because it overlooks the fact that 80 percent of your time ought to be spent doing what's really important. Helping the good become better is a better use of your time than helping the good become terrific. Employ the Pareto Principle to everything you do, however, use it wisely.
Http://management.about.com/cs/gener...reto081202.htm
Ride the winners and reduce the winners and never be discouraged that more oftern than not, the majority of your transactions will be winners and the fantastic majority of your transactions will be a wash (smaller winner or little loser). It#8217;s the little minority of transactions which will make you a consistent winner at the end of the year and over the course of a lifetime. Trend trading is dull and will probably provide you a home run every one in ten transactions with a few doubles and triples between.
http://www.chrisperruna.com/2009/02/...ple-8020-rule/
That's called the opportunity cost... waiting months to establish a supposed 100% rate and let lots of good transactions pass away. That's a losing place. He is only trying to prove he's correct, no offense intended.Originally Posted by ;
Cheers!
....or that the Crystal Ball indior (attached) Martingale MM.Originally Posted by ;
https://www.forexforum.co.za/attachm...8313309674.ex4
How can you understand what is or isn't feasible? Unless you've tested an almost countless number of hypotheses and eliminated all of them then you could not possibly understand what can be achieved. In mild there likely are an infinite number of hypotheses, then there likely is a technique which was 100% successful, at least up until this point in time.
And remember, past performance is absolutely no guarantee - only because a egy has done incredibly in the past doesn't mean it is not likely to fail astrophically once you bet your life savings on it. You don't know how many balls are in the bag, you may only observe the statistics and you ought to know about the precariousness of drawing conclusions from them, particularly when you're betting your money on it.
Why do you want to win 100 percent of the time anyhow? Shoot for the stars with means! If you simply get the moon just don't be disappointed. I believe that it was Confucius who observed that the majority of people don't shoot.
Ah too accurate, it requires me to the writings of Nicholas Taleb and his room of monkeys typing away. When there was an unlimited number there would quite literally must be 1 that would eventually type the Illiad word for word. This is very relevant to your post and that it would be subjective to todays results. The next challenge would be relevant to Nicholas' second query, would you spend you life savings, or a percentage on it that the method and its working from now onwards, similiar to would you invest in that particular hero monkey to write Odyssey.Originally Posted by ;
It's interesting that there are some out there that feel the compelling need to hold what could only be described as the holy grail, when there are plenty of challis' that offer sustanable results. I myself would prefer another challis', I at least know in a conscious level that I want to worker a level of discipline in future trading. The question is when you had the challis away 100% perfection, would you place your life savings to another trade just because it's performed that way previously.
Having such a thing is like playing russian roulette. There is absolutly no certainty, in spite of a 100% platform, that the outcome of future trades will be 100%, therefore I would wager that many Sane traders would still approach the model with risk management in your mind, which actually surpasses the need to find it if there are thousands of egies to trade exactly the exact same egy.
Truly the preceding, after re reading sounds like a heap of philosophical dribble however because I has taken me soooo long to write and methodically (randomly) think will hit the submit button
Razor
hehe, yeah you did rather flub that last sentence.Originally Posted by ;
But what's 100% wins anyhow ??
One men career is one trade. A winner. 100 percent
Another goes for 1 pip. He very carefully takes just solid breakouts and has not lost yet. In that scenario - 1 pip is not a very smart goal. Still, he's just 100% before that dreaded stop reduction takes away his precious record.
And for what ?? What's the point ?? You don't get paid to get a record that was perfect.
Discuss about looking for achievement in the wrong places.
100% account expansion could be a worthy aim. However, win rate has to be multiplied by risk/reward to have any actual meaning.
(I might have challenged on that last sentence, but I believe you get the idea)
I could not say it better, my buddy!Originally Posted by ;
The platonic fold is where we see this in concept, it is possible to some fighter in this infinite amount of monkeys to write the Odyssey. But what's the chance? It's pertinent to the point that it is well worth the time you have to sit and wait for the monkeys? I guess it is not. I guess we don't have sufficient life to view it...
As I said before, nobody needs a 100% system, only if it's only for the purpose and sense of being right... a 40% accuracy system, if aplied with correct MM and since the winners are bigger than your losers may earn a profitable run...
Cheers!
PS: I simply love my signature...