Yes there are great traders with low win rates. I haven't ever traded a method that regularly produced more than two to maybe three losses in a row. I couldn't. I am with Marty Schwartz on this. I use this to pay my bills. I rarely have a losing ...

What is the most important question for a new trader?

You seem to be stuck on one type of trend follower. Yes long term trends are tougher and fewer today. There are many more market participants and they are far more educated than they were then. I trade with the trend of now. I am in and out of the ...

How can an "edge" wear off - Shouldn't it be the opposite?

Go to Youtube and search Mark Douglas Trading in the zone. There are videos of his seminars. Very valuable.

What is the most important question for a new trader?

If you are not losing money you are ninety percent there. Discipline is key. If you have identified a method that has edge you must be very careful to only take valid entries but also take all valid entries. If your capital doesn't allow you to take ...

What is the most important question for a new trader?

Even better is a method that ignores large trends but capitalizes on the small local trends that occur on a daily basis.

How can an "edge" wear off - Shouldn't it be the opposite?

Are you profitable with the one contract? Have you considered something like Top Step or one of the other prop firms to help you with capital? Will your method translate to a different market like S&P or Dow futures? Restricting a profitable method ...

What is the most important question for a new trader?

No, it is 100% about following rules and discipline. You have decided that a math based automated approach is the only way to do this. You are wrong. There are thousands of discretional traders making a living in the markets. Is a small percentage ...

How can an "edge" wear off - Shouldn't it be the opposite?

So why am I posting here again? Fair question, I watch a lot of Youtube while I trade to defeat the boredom. I like to watch live trading and see what other people are doing. I was watching a futures trader yesterday and as price moved down you ...

What is the most important question for a new trader?

You have confused coincidence with causation. Just because YOU can't do something you assume no one else can either. Very arrogant assumption.

What is the most important question for a new trader?

You missed the entire point of the post. Please quote the part of my post where I said anything about trading with the Turtle method.

How can an "edge" wear off - Shouldn't it be the opposite?

Successful trading actually has little to do with addictions or luck. Discipline is the one skill that separates winners from losers. I have known failed traders that had very good methods with edge but lacked the discipline to follow them. This is ...

What is the most important question for a new trader?

Jim Simons is the only one I know that is purely math and coding but Renaissance is very secretive so we can only take what he says in interviews to know. I know several traders and have not known any that were successful long term without some ...

What is the most important question for a new trader?

This is very important. You cannot completely detach completely from the money. You have to come to terms with the fact that it is part of trading to lose money. The best traders have win rates in the fifty five to sixty percent range. This means ...

What is the most important question for a new trader?

I had a thread on here where I went into detail on how to set stops. I use ATR so the dynamic nature of the market is taken into consideration. I don't advocate using fixed stops but either structure based or ATR based. You can also use an arbitrary ...

How can an "edge" wear off - Shouldn't it be the opposite?

I am not sure how much time I will spend on this thread but I do plan to post up a few questions in the coming days to make newer traders and unprofitable traders think about what might be holding them back. Before anyone asks, I am not seriously ...

What is the most important question for a new trader?

Ok, now I follow. Absolutely, we also all have days where the first one or two trades go against us. Makes it hard to set the stop on the third and let the trade go.

What is the most important question for a new trader?

Ok, not sure I follow you but that brings up another question for the discussion. Do you always set a stop loss and never touch it?

What is the most important question for a new trader?

Richard Dennis once said he could advertise his trading rules on the front page of the Wall Street Journal and it would cause him no trouble because almost no one can follow the rules. He was right. You can post your winning strategy here and ...

How can an "edge" wear off - Shouldn't it be the opposite?

Never, never, never, never, never, never, never, never, ever, ever, trade borrowed money.

Take a Loan to Trade?