nakachalet

:haha: you deserve more than 3 cheers, but 3 is sufficiently statistical....

but mightymouse.... many supposedly trade forex without stops.... at least that is what they claim.... perhaps, most are brokers advising their acct holders that it is better to trade without stop.... so they can make more money, quicker and easier.... :crap: really, in terms of reality, i do not really know who is right or who is wrong.... and not that i care much if anyone is trading any product with or without stops.... i can only say that i trade with only 9 tics stop and sometimes try to scale down to a 6 tics stop too.... lol YES, I USE STOP TO LIMIT MY RISK EXPOSURE FOR EACH AND EVERY TRADE.... AND I AM STILL HERE TRADING.... HAPPILY, PROFITABLY AND CONTINUOUSLY.... hopefully for many more years to come.... i guess it must be mighty exciting to go into any biz without knowing what the limit is going to be and what or how much you are personally responsible for.... yes, that is exciting.... for many.... :missy:

Flipping a coin and it landing heads or tails is analogous to entering a trade and it going up or down. may i beg to disagree, pls. this is where your brilliant mind errs enormously.... sorry.... for an experienced trader, to go long or short is NOT and IS NEVER.... a 50/50 chance occurrence.... like coin tossing which is always a 50/50, unless of course the coin is loaded.... for a profitable trader, before pulling the trigger, he/she already picks out the trade before the price is even getting to that point.... his/her selected trade does not occur at random, not at all.... the selected trade therefore is never a 50/50 chance occurrence.... do you see what i mean, russell? whenever the profitable traders choose to trigger.... he/she choose the trade and price according to his/her pre-tested, pre-proven and pre-determined trading plan, statistics, strategy and r/r management.... which already constitutes tremendous trading edge.... imho, experienced traders' trigger is much more than a 50/50 chance occurrence.... rebutt if you like....

you are stating the facts.... as they are.... and i love that.... but most funds managers would unequivocally deny such obvious facts.... try to google.... prop traders.... :helloooo:

it is easy to give a concrete example in roulette.... to lose 13 times in a row is not uncommon.... in any given night in reno or vegas, according to my aged memory, there were about 5 or 6 times or sometimes more.... that i would lose 13 times in a row, betting either with or against red/black, odds/evens, 0/00, or just any single number or multiple combination of numbers like most do.... et cetera.... :frustrated: realistically, gamblers do not bet 1 unit, 1 unit and more 1 unit.... as example you used to illustrate your point to cover the bankroll of (MAXIMUM?) 13 possible losses.... there had also been many gamblers who sat down with 500 dollars betting 10 dollars minimum per hand.... and walked off the table within 30 minutes with zero sums.... however, i was luckier, i never stayed more than 30 minutes at any given table.... LOL also as a trader, i stand a much better chance.... i can boldly and proudly boast to everyone that.... i never lose more then 4 trades consecutively.... and that is the fact, my friend.... on my fourth and last trade, if and when the market is not giving.... i just simply record that day as a statistical aberation and take my family out to PICNIC.... with the like of kim novak .... :o :shocked: in my humble opinion, statistical analyses and applications are great and absolutely imperative to any serious traders.... however, i would also be very cautious when applying it to trading....! there are several trading setups used for different products and market conditions, however, i would never consider mortgaging my rental unit when that same most favorable and profitable setup appears about twice or thrice a day.... NO, it is not that i do not have absolute confidence in my most profitable setup.... but rather.... i do not have the absolute confident that the similar market conditions would recur and present themselves in the exact same vengeance, volume and velocity et al again.... EVEN THOUGH STATISTICALLY IT CONFIRMS TO THE 99.99 LEVEL OF CONFIDENCE....! :doh: many trading guru would encourage subscribers to add on to their profitable positions.... do it only if that adding on strategy in already personally researched out and well written out in your trading plan.... otherwise, just better stick to your humble but profitable trading plan and strategy.... is my one man opinion and experience.... thx for your time traders.... :missy:

RUSSELLHQ permutations? are you absolutely serious? i'll bet 100 to 1 that less than 0.05% of the population inherited in tl, would have some understandable idea of what permutations are....! shall we just begin by the answer to permutations of :haha: 1 to 3.... :helloooo: alright, you smarty.... how about permutations of 1 to 4.... :crap: most traders just love it simple.... or simpler...., or even better yet-simplest.... whatever anyone has to offer around here.... :missy: seriously, i am afraid only a handful of traders on board would have any working idea as to what permutations are in terms of statistics, applications and implications to superior trading strategy and r/r management.... 3 cheers for your thought....

it is not fair at all that you beat me to it.... to say what you said.... in your exposition.... love it..... clear and concise and summative as well. thx, enjoy reading it and reflecting best to you and yours and your company

hunter1 thx for your elaboration on how you traded profitably.... i would be even much more interested in seeing how you trade in graphics terms.... wanna show us your trading techniques as you described.... by capturing your screen and post here for everyone of us.... to perhaps learn from your profitable trades, pls.... many can write a beautiful dissertation but then it remains a weighty dissertation.... with no real practical use nor profitable application for any one.... now i am not challenging your honorable self now, ok? thx in advance for taking time to show us how you traded profitably by not words alone but also showed some graphics presentation to accompany your dissertation, k? thx agian, hunter1....

it is a popular belief that using 1 min chart to get in and out is a proper thing to do.... no, there is no way that anyone's 1 min chart would provide longevity for you to go long or short in your trade.... the 1 min chart would only chop you up and spit you out like fermented chinese tim-sum.... you need more than your 1 min chart to trade or to scalp.... many of you might retort.... ok, smart alex.... if 1 min chart is NOT THE CHART TO USE to get in and out like so many people and guru proclaim.... then what is....? every trader before becoming successful and profitable must find out first.... what kind of trader am i? until you can find out for your important honorable self.... what sort of trader you are.... you are better off, not trading live yet.... it is very much like if you are unable to find out what makes you sick, why bother to waste money to buy med to cure your yet unknown illness.... cheers everyone and hope you'll be profitable soon.... :helloooo:

---------------------------------------------- Anyone who has done this for a while says the money comes in letting winners run. Scalping doesnt achieve that. ---------------------------------------------- i am just curious, just why does scalping.... not allowed any trader/scalper to let the runner run on and on.... perhaps, just too many here have not been exposed to nor associated with those scalpers who could, who would and who rather remain way back in the room.... :missy: cheers every one, particularly those scalpers who are learning how to scalp.... just sim trade for at least several months.... until you are able to demonstrate to a second or third significant others that you are indeed profitable.... before trading real time.... first time.... wishing everyone the best of luck in your trading live or otherwise....

those who are successful and profitable most probably would not care to stand up, nor stand out nor to be viewed as such.... :crap: excepting those pretenders who want to merchandize something in exchange for your hard earned money. most are truly busy.... further fine tuning their setups to scalp even more with maximum favorable excursion and such.... :haha: just curious, just how does anyone know if there are not a lot more scalpers daytraders alive and doing well....

stpips89, pls do excuse me.... what you describe is just like trading with your emotion and like and dislike.... which are all a NO NO in trading for profit.... :doh: if you do not have a workable and agreeable trading plan to guide your trade, why trade at all? if you do not yet gather enough personal statistics to back up each of your trade, why trade at all? if you do not yet develop a trustworthy strategy while risk your hard earned money? if you have not yet worked out a personal risk/reward management plan, why throw away your money? your emotion is your very worst enemy in trading.... :missy:

you have been advising pretty good so far.... and now.... In trading it's strange to think sometimes the less you do, and the more you cut out the work the better you can do overall. I'm not saying it's a recipe of success for everyone but I'd bet anything that more people would survive and make it, even if that's still a smaller percentage of they scaled back their frequency. it is so unlike something coming out of someone who has been successful in trading.... what you are trying to do here?.... are you trying to sell something here later on, perhaps? anyone wishing to become a successful and profitable trader needs to have the following four components in the trading arsenal; a personalized trading plan, a private stats, a sensible strategy and an equitable risk management plan, be it 5k or 100k.... it matters not one bit.... do not even attempt to trade live, if you are not already completely settled with the aforementioned four factors in trading.... :doh:

midknight.... YOU ARE THE MAN.... that is also the first and foremost element in good and profitable and fun trading.... know yourself, your style and your tolerance level before you ever ever trigger your first sim.... three cheers

i wonder if you have a confidence building trading plan, stats, strategy and risk management in place before you even trigger a trade.... well, do you? if you still do not have confidence in your trading plan, stats and strategy and risk management.... why give away your money so easily and so defenselessly....? have been doing exactly that and relying on those four factors completely and unabashedly for multiple years.... they are independently good for your health as well as your wealth....

fear of doubling down, especially when you have a pair of aces....? wonder if those so called traders.... do they think they are trading or playing on a blackjack table....? show me someone who is doubling down chasing the ticker up and down.... and i'll show you a successful traders with a depleted acct.... :crap: i ought to agree with you.... there are plenty of fears.... but they are only surfacing inside of those who are learning to how to trade.... for someone trading for a living, whence a trade is triggered, the particular trader is also in the mind set that he/she is willing to accept the consequences that.... if and when the market goes the other way.... the stoploss is already predetermined and presetted and conclusively agreed in the trading plan, the trading strategy and the money management risk.... just for the purpose of preventing the emotion from running rampant.... BUT IF YOU ARE FEARFUL AND DO NOT have a trading map, then withhold your trading live until then.... good luck and have fun trading live or otherwise.... everyone.

i am afraid, what you guys and gals are getting is not from original ninjatrader at all.... the life time payment for ninjatrader is around 1,000 usd which can also be paid in 3 installment around 400 usd/month or pay the monthly fee of.... if interested pls go to NinjaTrader stock, futures and forex charting software and online trading platform. i am not in anyway associated with ninjatrader. just one of the user of the platform. and i can say that it is very reliable and accurate to date.

you are on the right path to trading profitably.... most profitable traders are already taking it as a given when they initiate their opening positions, long or short, that if and when the market turns against their positions, they are willing to accept that pedefined, precalculated and predetermined risk of whatever dollars amount.... according to their plans, strategies and risk management.... great insight.... eqsys.... cheers :missy:

:haha: are you or are you not being a little tongue in cheek in your response? perhaps, you are one of those brokers or brokerage associates or seller of certain trading wares.... trying to promote yourself, your wares, your company or your services....? your response is outrageous and misleading to those learning how to trade profitably....? yae, you idiot, you like many others.... are all looking for 100-400% or more in your monthly or yearly returns.... and that is all you can do.... looking and dreaming for 100% returns in your scheme.... traders lab should really ban all those who fallaciously trying to mislead traders into joining and paying for something practically useless toward learning to trade profitably.... yes, i call you a bluff.... and afford you an opportunity to rebut.... most successful traders are very guarded in what they say and do, especially when they try to advise others.... how to trade to profitability.... there is never any assurance that anyone's trading day or session would be profitable reaching the r/r ration set in their trading plan and strategy.... all we can do is.... trade according to our plan and strategy.... and that the market would oblige and would go along.... LOL which only an idiot would shoot for 100% return as you shamelessly proposed and claimed.... shame on you Maelstrom;121947....

just where did you find the ad that requires $600 for ninjatrader, pls? thx

finally, u r openning up.... there is hope around here.... lol i like your trading philosophy.... too....

three cheers....

any trader using what you described is doomed from the very beginning.... trading is synonymous with flexibility and adjustability. anyone using a fixed price, fixed chart or fixed whatever.... is also fixed to drawdown, inevitably. it appears as you are already a successful trader, why asking a philosophical question on entry and exit.... or perhaps you have already worked out the answer for.... chick or egg first....? any trader without a properly preconceived and predetermined entry and exit point is really just playing and trading for fun and just gambling his capital away.... imho

ask hubert and john and bob again.... they have their own wares and setups to promote.... 400usd a month.... plus additional sums if you care to lease one of bob's setup.... i know, some of you wise guys will immediately ask.... you mean that bob h.... who lost millions.... recently....? by the way, hubert disavowed that he ever mentioned or approved such scheme for trading.