No offence to anybody, but you can clearly see how seasoned traders accept randomness. Let's start from the basic simple fact that using sentences like "the market is NEVER random" says a lot about a trader's mind flexibility. Then, when comparison ...

Do you believe this market is random?

What I find amusing is that lots of mathematicians and risk analysts who make a living employed by the city and wall street accept randomness. Once again, not that the market is random, but that randomness needs to be considered for survival in this ...

Do you believe this market is random?

great post To prove that the market has not randomness, 1 chart is not enough, what about 1000 chart with perfect mathematical pip touch and bounce? There are no valid research done out of one sample, not even 10... If the market did not ...

Do you believe this market is random?

"If you put an INFINITE number of monkeys on typewriters one of them will eventually produce Hamlet, Shakespeare". Although there's no chance that the same monkey will produce Romeo and Juliet if given time. Pattern exist because humans form them, ...

Do you believe this market is random?

I don't know if you guys are aware of this, but with today technology you can manage risk on a 10$ account. So the old story that you need to be capitalized to be profitable is relative. The Turtle experiment proved to make hundreds of thousand from ...

Do you believe this market is random?

Factoring randomness does not imply that a person is not profitable. Not factoring randomness implies that risk of getting caught by the unexpected event is high. People who believe they can predict price like they can predict tomorrow weather by ...

Do you believe this market is random?

You can discuss forever if the market is or isn't random. Fact is, without factoring randomness, you will not succeed. Trading is not an exact science, and unexpected events are part of it. Patterns would work 100% of the times if they weren't ...

Do you believe this market is random?

Statistic will not work in the long term because they can't factor in the unexpected. They help... but they will not protect you from the "black swan" event, the uncertain thing the burns the account. If you are a mathematician you might enjoy these ...

Do you think statistics work in trading?

1% a month is low... but to consider trading like a job where the money you have to make need to make sense per hour, is not the best psychological approach. Then if that pressure doesn't affect you, fine. A trader should treat a 500$ balance like a ...

Do scalpers make money in the long run?

Great return in % can be made by intraday traders and mostly scalper. The question is on the thread title, for how long? before burning out, or become all victim of randomness. Charts says it all, you have long term move, and the short term scalp, ...

Do scalpers make money in the long run?

I believe that most people didn't get Peter Crown point. The DIBS method was not meant to be "The System" with an edge that will make trader profitable. I am not surprised to see its failure when used with discretion, and on set values, like a ...

Peter Crown's DIBS method revisited

When funds and banks employ a senior trader they will sometime prefer the one who knows what a huge loss feels like. Did you go from 1k to 5k quickly? now you know you can burn them all even faster. J Livermore story is very appropriate, he was an ...

Crazy day and lost it all

Anything close to 50% per month, is a short term illusion. Not saying it's impossible, just short term. To be positive and realistic, 20% to 50% average per year over a long term should do it. Now, let's reason backward. What do you need to live on ...

I trade my own account for a living. Tell your story

Great article!

I trade my own account for a living. Tell your story

The easy way. How much are you willing to loose? remember that you should make more then you loose... so let's say that 10% per month is good as a profit, it would be reasonable to stop trading at -5% for the month, right? ok... now, how many trades ...

Lot size and margin call

Great! this is the perfect approach. You will be a billionaire in a couple of years max. Please take care of the starvation around the world. And if you can help the peace process by showing the central bank the way to fix this mess... we need your ...

Lot size and margin call

Guys, there must be something wrong here. At the end of the day, the goal is making money in the long term. If you do them one way or the other, it's your fbzines. Here someone opened a thread asking what was wrong with his MONEY MANAGEMENT. And ...

USD/CAD went wrong, tips on money mgmt

Thank you gentlemen, I have not been around the factory for some time and I was wandering if something changed in here big time or if it was just me.... Good trading to all!

USD/CAD went wrong, tips on money mgmt

you will ultimately loose at black jack, playing against the house.... unless you count your cards... and if you do, you get kicked out. Poker is a different story. Trading, another story again.... I am not saying that you can toss a coin, use the ...

USD/CAD went wrong, tips on money mgmt

The thread subject is about money management, which is more important then the system used. If we had a system that "worked", money management would become irrelevant, and then you could go in with 10%... 50%... The system is only there to help us ...

USD/CAD went wrong, tips on money mgmt