I agree, good post. I also think that to get any sort of meaningful understanding behind the statistic you need to analyse what sort of people make up the 100%, very often totally the wrong type of people are enticed into this business on the ...

95% failure rate?

Invite nubcake and you're sure to get candid opinions! He's a grizzly old f'ker but a pussycat at heart! C'ya.....

Scalping 20+ trades per day

Hey I'm not knocking it, I used to trade in a similar way but it got too intense and I ran out of stamina, focus, and energy! I made a few stupid mistakes and that was my cue to take my foot off the gas and move up a couple of time frames. A trading ...

Scalping 20+ trades per day

Old news, old dog, but it's always interesting to see/learn new tricks! You do realise a lot of people will be dismissive of this type of strategy, averaging and scalping tend to get frowned upon around these parts, not that that bothers you ...

Scalping 20+ trades per day

With the same strategy? It's ok, it just reminded me of another thread....

Scalping 20+ trades per day

Uh oh.......well ok, we're not sunk yet Hang on, I'm getting a feeling of déjà vu here...you don't have a terrier by any chance do you? How long have you been trading this strategy?

Scalping 20+ trades per day

....ooh ooh, I got another one! If your profit is ~5 pips then what's your stop?

Scalping 20+ trades per day

I got one! What's an 'addin', is that like....averaging down?

Scalping 20+ trades per day

Of course it is

One thing you would pass on

Unique? How so?

Fibonacci is like a guessing game

Now you're talking! Have a good one! image

One thing you would pass on

lol, presumably someone has to model for them as well! Gives a totally new meaning to a 'hard day at the office'!! Yep. I didn't, maybe that's why I'm so much in favour of that path. Few regrets though, hey at least it beats moulding rubber dicks ...

One thing you would pass on

Financed by student loans? Great! Foreign students aren't in the same boat though, fees are extortionate. Not totally reliant by any means, parts of it actually produce a healthy profit. Without the additional revenue generated from trading though ...

One thing you would pass on

It's a hot debate here, especially in our household at the moment (our daughter wants to get a job rather than go to Uni!) I'm not naiive enough to believe degrees create jobs per se but I do believe they create better opportunities and life choices ...

One thing you would pass on

Ummmm...that would be a no. Trading and the revenue it generates is, like I've said, a means to an end, that's all, period. They are two completely separate things. Let's say rather than trading I was flipping burgers to make the money needed to ...

One thing you would pass on

They're two separate things entirely. Even though I enjoy trading I have no particular feelings about it one way or the other, like I say it's simply a means to an end, the end being an achievement I'm proud of.

One thing you would pass on

You're right, we clearly have a different perspective on life....

One thing you would pass on

The article's crap as well, I can see plenty of trading opportunities on that chart, it's no different in that respect from any other time frame. News is news, it can have a limited short-term knee-jerk reaction or it can change market sentiment ...

Fundamental trading

Yes I do think life is about achieving something to be proud of, I wouldn't really call making money and enjoying oneself an achievement. Ok compared to a mediocre and mundane 9-5 then being a successful trader would obviously be a better option for ...

One thing you would pass on

I don't think anyone is saying 'go back', it's more 'if I knew then what I know now', and what would be the most significant thing to pass on to someone starting out. With hindsight if you can't think of one thing you could have done better then ...

One thing you would pass on