They dont have to - I set tp and limit order, the see everything I'm going to do. The only problem THEY might have - I dont use stops. Of course this can turn tu be MY problem if the market moves strongly, but I take the risk. The same statistics ...

How long can I use compounding?

sure there is. if I look 2 years back and still dont see any move where the 1/3 resting margin might exceed, then ....it doesnt mean the critical move can or cannot happen tomorrow....but is says very much about the probability - it probably doesnt! ...

How long can I use compounding?

I mean I involve 2/3 what is not equal (i think) to RISK 2/3 The biggest loss in one trade was about 3.5% The biggest row of losses made ca. 9% I play already 15 weeks My way: Safe pair is not enough, my key is the right timing - it makes miracles, ...

How long can I use compounding?

I invest about 2/3 of my equity in every trade. I dont use stops since I play on a safe pair.

How long can I use compounding?

thanks a lot, I will study it I didn't give up my current job, since I feel also the return is quite high and risky, however the biggest drawdown I had by now was 3 weeks ago and it was ca. 9%, so it is still allright I think.

How long can I use compounding?

basically your idea is about closing the positions, no matter short or long or when opened. to simulate the behaviour of a "fear trader" you need to set tp very close and sl fery far if any, right? so you dont have to look for a "fear trader" - just ...

I am back with new ideas :)

Simon, why don't you use an API to automate your trades? You will have much more time to develop new systems!

A trader's job

ForceIndex(200) - for long term players

Favorite indicators for exiting a trade?

Lol — we could be insiders if you shared the order here

I can't understand this enormous spike...

one more difference — totally disagree - to live off scalping one needs to have a complete system. just like those playing long term. what is more, I could say: all long term players are lazy since they don't want to make decisions too often ...

Mathematical reasons why MOST DayTraders & scalpers fail?

thanks — Great comment - it made me feel better

Mathematical reasons why MOST DayTraders & scalpers fail?

just an observation: it is worth attention, that in other chapter Tharp proves that: taking profit by closing a part of your position when the market goes in the right direction IS WRONG, because trader risks the whole trade size and wins only with ...

MM by Van Tharp

I think about it again and again. And I think I don't agree with that approach. Every trader calculates the probability of success: I think - if it is over 50% - stay 100% in the game. if less then 50% then get 100% out. By closing 20% of your ...

MM by Van Tharp

Thank you narafa, now I understand what van Tharp wanted to tell. I need to re-read the chapter again

MM by Van Tharp

ElectricSavant, I read your last posts and I got the feeling that you needed an enemy to say all these...useful things. Why not just give advices without fight? Actually I think I also belong to the scalpers with 20-40 trades an 30-60 pips weekly. I ...

Mathematical reasons why MOST DayTraders & scalpers fail?

what's more — He is having a bird in the hand and he dares to say he is disappointed

Mathematical reasons why MOST DayTraders & scalpers fail?