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sergso
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Posts posted by sergso
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Every once in a while it's rewarding to see a little bit of realism onlineOf Two Minds - Hey Advertisers: The Data-Mining Emperor Has No Clothes
just sayin'
Good article. Thanks.
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70-30, trade small and more frequently, big bets will get you at the end.
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This is good timing for this post:)
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You must have an edge to cover trading expenses and adverse moves from market makers. This is an excellent blog that provides statistics for day trading efficiency.
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Hello,I have traded day, night and whenever, lost all my trading accounts because of ignorance and lack of self controls with trading rules, and listening to brokers .... bad idea ! But I am seeking a come back and hopefully recover all my losses of 7 years ago and regain my place in the annals of "not a bad day" $$$$$$$
Thanks
motor
I have three suggestion to make to you
risk management, risk management and risk management
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Is there an equivalent in Forex to covered calls in options?Thank you,
You can do that with currency futures. they have options.
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Yes, it is psychology combined with math, a difficult match.
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A futures broker I've worked with, who has been in the business over 30 years, told me directly that he has never had a client that was profitable over the long term.Honest and true answer.
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The 95% failure rate comes from the 5% confidence level that is necessary to guarantee profits in the longer-term.
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Because you I can backtest them.
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Yes I too wonder if this is right because as a new trader this is not a good figure to look forward to. Maybe it is just a myth to scare people.But I was reading this persons post...
Do 95% of traders really lose money
He says studies show that mostly day traders get washed out.
Day traders with small accounts mostly that cannot cover the spread long term. This is another good article with analysis:
Frequent Retail Forex Trading is a Losing Negative-Sum Game | Price Action Lab Blog
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They probably live in Bahamas:)
There are always extreme outliers. Take a kook at the maximum return for trading with tossing a coin on the first chart in this article: 722% Now add 100:1 leverage and you are there. Simple stuff...
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DBA, GLD, UCO, there are commodity ETFs for everything.
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As long as USD goes up gold will go down.
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I have heard that below like $40M in AUM is not economical to start your own because f high cost.
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This is an interesting article but with a little research, traders can avoid these problems. There are many low spread brokers that guarantee their rates. Paying more than 1 pip for EUR/USD is ridiculous at this stage.I agree but during fast markets they widen spreads and take most of what you save back.
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You should read this article. The spreads in forex are wide enough to consume small accounts the longer they stay in the game.
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I think this is a false analogy. The difference is that professionals have a lot more money and can effort to correct mistakes. The most fundamental difference is the depth of the pocket.
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Gold is going to new lows if dollar picks up strength. Watch for the USD first.
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I found this article quite interesting. The idea is that consistent losers do not exit in reality because they could reverse what they do and become consistent winners. The consistent losing is probably due to overtrading and high commission cost and slippage. or even due to destructive behavior or maybe a special situation like being manipulated by a malicious broker.
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I guess you assumed he is interested in EL.
Free Strategy Development Software
in Commercial Content
Posted
http://priceactionlab.com/Demo/demo.html
DLPAL S is free for two months for anyone interested. I tested the code in Multicharts, Amibroker and Quantopian and it works. This is a good program. Why buying anything when you can use this for as long as you want in a backup computer you can reformat after trial expiration.