Has anybody attempted to track a really poor trader here and do the specific opposite of what they do? Just curious.
Has anybody attempted to track a really poor trader here and do the specific opposite of what they do? Just curious.
This precisely right! Very good explanation on the topic!Originally Posted by ;
Still, if a broker trades contrary to all clients trades, the broker will be very, very profitable... After few poor traders might not operate in addition to following all traders' trades. Surely, if you can do that, an individual will become very wealthy, very fast...
Or study 95% of traders of what they're doing wrong. They generally cut their winners and letting their losers run. They do not have any ideas on risk or chance. Sometimes they overtrade.
I have been studying cognitive biases and why humans generally aren't suited to trading. Your money blueprint also plays in.
They have a tendency to overcomplie egies as well. 1 individual suggest an extremely simple and profitable egy in here... 5months later, the owner of the post left, and 10 other users are still trying to remove their feelings of doubt with coordinated indiors and martingale money management.
Study other traders weaknesses here on forexsoutheast.asia and other forums is my suggestion :-)
No, not actually. With folks like this you can never be sure when they'd have a hit of brilliance and do a really fantastic trade that you'll miss.
Money management and risk reward are practically ignored by poor traders, so if you do the opposite you're likely to make money. You take out the emotion by doing the exact opposite of a poor trader.
Tillionaire,Originally Posted by ;
Could you please elaborate on,
as they already understand what egy these traders will execute with their MT4 Managers
How will they know what egy is used?
Due
Interesting subject. We all know that 'poor' traders exist, many br0kers intentionally target them and take the other side of their positions, as ex-Goldman Sachs trader Anton Kreil explains from the movie here. Additionally some interesting info in this thread.
But we will need to distinguish between a 'poor' trader (one who'd be 'skilful' enough to lose money, even if there were not any br0ker costs), and an 'ineffectual' trader (one whose egy is impotent, bringing zero expectancy without prices). The vast majority of losing retail EAs fall into the latter egory -- if you make an effort to undo the signs, they'd still lose (explanation here: Part 1 and part 2).
Maybe you can shadow the bad trader's moves with an opposites portfolio in double the lot sizes.
That seems too risky to me, to be honest. You would be hoping that they'll always be a bad trader, but if people evolve and learn.Originally Posted by ;
One or 2 out of thousand become great traders, it is a positive thing for me personally. The majority of them earn their money by getting people to deposit more cash and increase their quantity until they run out of money tho.Originally Posted by ;