Millionaire in 10 weeks & Conversation with broker | Psychology and Money Management - futures trading strategies, market news, trading charts and platforms

Psychology and Money Management

This forum is where successful traders spend most of their time and where struggling traders never visit. The psychology and money management forum is where you learn to become a profitable day trader


Millionaire in 10 weeks & Conversation with broker

  #276 (permalink)

Site Administrator
Manta, Ecuador
Trading Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
Big Mike's Avatar
Posts: 47,643 since Jun 2009
Thanks: 30,377 given, 89,961 received

Don't equate passionately conveying experience for disparaging remarks.

As a member from 2012, don't you recall the thousands of posts just like this one, all of which were proven failures with science and forward testing instead of hypothetical over-optimized backtested results?

The OP has continually dismissed every piece of wisdom experienced traders have tried to convey, because he is convinced he knows better -- without even reviewing the evidence.

Willson View Post
I am disappointed and surprised at the venom and dismissal attitude expressed in so many posts. I thought the members were largely analytical people with respect for analyses of factual information. I was wrong. Most complaints just wanted to disparage the entire concept out of pocket. Seldom or never did I see a scientific analysis of the weakness arears of Merlins system/concept. Is the assessment of risk analysis in error? is the choice of a trading system inadequate? If so why and does it change the results and by how much. Do you have suggestions for improving the trading system? If it even matters. Is the selection of Russell a bad choice? What is a better choice? To me, Merlins system will work. It always has. But the reliability and time scale, profitability and other factors and unforeseen risks are not proven or quantified. So why so much "hate" over the need for optimization and learning ???

Sent using the mobile app

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member (see why)

Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal
The following 4 users say Thank You to Big Mike for this post: