I think a consistently profitable trader is more likely to attribute his success to skill whereas a consistently unprofitable trader may look for excuses. It's not an opinion backed up by anything scientific, just a hunch. Does it take skill to ...

Admit it - your profits are based on luck

....and if all else fails you could just wear the market down until it submits Why do I feel like I've just gone 10 rounds with Iron Mike, I was an honorary member of the debating society at skool!

Admit it - your profits are based on luck

lol, perfect!

Admit it - your profits are based on luck

Believe me if you fail at trading you have an excellent career as one of those interrogators who extract confessions from people, you'll make water torture redundant! The words dog and bone spring to mind

Admit it - your profits are based on luck

Oh no, pleeeeeeese no more, I can't take any more And I thought trading was stressful.....

Admit it - your profits are based on luck

Mission accomplished then! I don't believe there is anyone left in any doubt about where you stand on the subjects of luck, chance, randomness, pips, risk tolerance, gambling, trading.......

Admit it - your profits are based on luck

The risk tolerance of an individual trader makes no difference when measuring performance, performance is the measure of return against risk not the number of pips a trader makes or his own particular tolerance for risk. Regards your other ...

Admit it - your profits are based on luck

In my opinion you and your father, along with the vast majority of consistently profitable traders, would be right

Admit it - your profits are based on luck

This is getting repetitive and slightly tedious, not to mention pointless. Trading performance can't be measured in pips, alone they mean nothing. For example you made 300, I made 600, does that make me twice the trader as you suggested? No, of ...

Admit it - your profits are based on luck

Evidently

Admit it - your profits are based on luck

300, that's good. It doesn't actually mean anything but it sure sounds impressive! I'm up 4% since Friday, oh sorry you want it in pips, over 600. Maybe we should substantiate our claims and post trading blotters.....or maybe not, eh

Admit it - your profits are based on luck

In one lucid paragraph what I've been trying to convey in a dozen slightly muddled posts!

Admit it - your profits are based on luck

Pointless argument but anyway.... I asked "So your definition of 'luck' is random chance?" You replied "Kind of. I would say luck is a non existant supernatural force, invoked by those who do not intuitively grasp the random nature of existence." ...

Admit it - your profits are based on luck

That was a bit uncalled for. If you're unwilling (or unable?) to reply to the reasonable observations I made in this post then it might have been better for you to say nothing. Perhaps you're right, maybe I'm not very bright, but at least unlike you ...

Admit it - your profits are based on luck

Huh...... If you're saying luck is "a colloquial way of describing an unforseen outcome" then I agree (although that's not the traditional meaning of the word), but if you're saying "luck is a non existant supernatural force" then I disagree, and so ...

Admit it - your profits are based on luck

EUR/USD -24.70 for a long and 9.10 for short, and AUD/JPY -8.89 -4.22 I know interbank interest rates are volatile but jeez!

how good is interbankfx

Well ok then "a COMPONENT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!" is luck, so the answer to the questions would be.....? ...how do you propose to become profitable, are you relying on a (long) run of good luck to see you ...

Admit it - your profits are based on luck

I have a couple of questions. If the outcome of trades is based on luck or chance then...... ...how do you propose to become profitable, are you relying on a (long) run of good luck to see you through? ...why is it that most new traders have bad ...

Admit it - your profits are based on luck

I think there's a fundamental misunderstanding of what trading actually is. A trader isn't trying to control what happens to price after he clicks Buy or Sell because that is obviously out of his control. The only thing he can control is how much he ...

Admit it - your profits are based on luck

So it's limited only by my own imagination? I think I'm more of a practical realist than a hopeless romantic, I believe there's a logical explanation why most things happen which probably explains why I don't believe in luck. Random events are just ...

Admit it - your profits are based on luck