Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
What is their motivation to share knowledge with the public retail traders,
do they think that someone not sharing knowledge can be successful in trading ?
In all my years of trading I find those that think success is based on some secret formula are only those chasing such a ridiculous notion, or selling one.
How important is RR in trading? Said another way, is scalping for ticks with an RR of 1:1 or worse really a viable strategy?
Regarding adding size, the carrot being dangled is if you can just make $100 per day consistently with 1 contract, you can size up to huge size and make millions. From psychological and practical points of view, how realistic is this? What is a realistic income one can expect from day trading?
Not to intrude, but how do you define talented? The word talented is very ambiguous. For example, there maybe a trader who can consistently pull money out of the market day in and out but has never made a million dollars because he doesn't have the psychological tolerance to add contracts while trader b has made a million dollars on a few trades because he is more confident but he doesn't have the patience to pull it off again and again.
R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
1) Consistency and discipline are essential to trading success. To this end, what tools/approaches/methods do you use to achieve these objectives?
2) Trading is associated with numerous myths. If you had the opportunity to correct one, which one would it be?