What are your favorite trading myths? - Page 15
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Thread: What are your favorite trading myths?

  1. #141
    Quote Originally Posted by ;
    quote (assuming that we're using Ryan Jones' definition of MM, i.e. edge = entries exits; MM = position sizing. Some traders see exits as part of MM, which adds unnecessary confusion IMO)
    Yes this is correct, MM is only the place sizing, climbing and other strategies, hedging,etc.. While the advantage itself is the probability of every trade to be in your favor such as the payout size that's defined as (EXIT-ENTRY) in BUY, (ENTRY-EXIT) in SELL, or in short the anticipated payout or expectancy that includes but not restricted to the winrate.

  2. #142
    Quote Originally Posted by ;
    quote Okay but whats the purpose of BE, a long term gambler, if lucky at the end of his career gets to breakeven, very few very lucky people get to take out some by a casino. My study shows perfectly the FX market (stock market is not) is just like a slot machine. It's a wealth redistribution mechanism, in which clearly the big banks extract the most wealth from it. The one thing that separates the FX market in the classical gaming mechanics is that, the probabilities aren't constant. While a slot machine has the same payout and identical...
    This really is a great response and I completely admit your post. Thanks.

    However, here's the rub. .
    How is there some advantage long term if there is no continuous chances?
    A system can have a positive advantage for a While but the advantage can disappear at any time

  3. #143
    Though I'm new trader now I am trying to learn Price Action system. So far find out something and trying to make some profit with this

  4. #144
    Quote Originally Posted by ;
    quote This is a fantastic response and I thoroughly acknowledge your article. Thanks. But here is the rub. . How can there be any edge long term if there is no continuous chances? A system may have a positive edge for some time but the edge can vanish at any time
    Due to time, its not enough to know that you've got and edge at this moment, its also important to know when it may dissapear or weaken.

    When there is a CB interest rate increase sentiment, you may want to watch the news what they discuss it, if the press begins to ignore that, then likely the egde of that will dissapear too.

    Its a matter of time, trade or not trade principle.

  5. #145
    Hi Friends,

    I have confusion, which trading system more useful, Using indior or Price action system?

    At this time I am trying to find out Price action system following https://www.forex4noobs.com/ and http://www.theforexguy.com/

    Thus much I think Price action system more helpful if we can find out well. In this. If anyone know more please discuss. I Would like to be a Fantastic trader and trying to learn trading egy

  6. #146
    Quote Originally Posted by ;
    quote . My study shows perfectly the FX market (stock market isn't ) is exactly like a slot machine. It's a wealth redistribution mechanism, in which clearly the huge banks extract the maximum riches from it.
    Does one prove it?

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