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taxmem · 29-04-2005, 14:41

Thanks Tim_nn ........ and Midge,

[quote=tim_nn]No.

That would mean that out of 100 trades, you would win 2100 pips and lose 1400 pips. Net profit 700 pips = 7 pips per trade. Do you see what I mean?

Guess all three of us are right.1.There is no way to predict. 2.Never the less the trend is always right.3.Of course it can turn on me if i over ride it.4.I should maximize my wins and cut my losses that way i'll be a winner even if the trend is mostly against me.

Fine i'll try only that and try and forget the rest of the TA theories for the time being.Wish me luck.

29-04-2005, 14:41	#83
taxmem level 1 Join Date: Apr 2005 Posts: 3 Downloads: 0 Uploads: 0 Rep Power: 0	Re: The learning cycle for a newbie trader Thanks Tim_nn ........ and Midge, [quote=tim_nn]No. That would mean that out of 100 trades, you would win 2100 pips and lose 1400 pips. Net profit 700 pips = 7 pips per trade. Do you see what I mean? Guess all three of us are right.1.There is no way to predict. 2.Never the less the trend is always right.3.Of course it can turn on me if i over ride it.4.I should maximize my wins and cut my losses that way i'll be a winner even if the trend is mostly against me. Fine i'll try only that and try and forget the rest of the TA theories for the time being.Wish me luck. Last edited by taxmem : 29-04-2005 at 15:47.