i believe what you stated is generally accurate for those occasionally profitable traders. however, for those groups of traders who are leaning toward almost always profitable, their trading setups and strategies are, i believe, quite different from general traders or wannabe.
for one, most of these groups would only trade their own setups and strategies, specifically, when their setups show up, they are not hesitant to pull the triggers each and every time. the rationale behind their seemingly unrationale behavior is, if and when that trade is going into faulty mode, they would not hesitate to get out, giving away only 2 or 3 or even 4 tics for each lot.
however, if the trade does go their way which is most often true, most likely in the neighborhood of 60%+, most would tender their first lot just as soon as the volume diminishes, but still hold on to the rest of the 2nd or 3rd lot which will be methodologically and sequentially liquidated at different stages meeting the criteria of their own money management setup.
andrewtrader, personally now, i would not even consider looking at any of my own experimental modules that generates anything less than 60% profitability, percentage wise. probability speaking, 50-50 is considered randomization as in the case of tossing a head/tail coin and anything less such as 40% you mentioned, is absolutely not acceptable for those trading for a living, speaking from personal knowledge and limited experiences, of course.
my rationale is, great amount of time has been expanded, experimented with and tested out in sim and real time, before any one setup can be concluded as profitable. and by then, whatever setup it is, it will be much better than 50-50 for sure; again, personally speaking with limited experiences.
am sure others if and when they can spare a few moment, they would have their own success stories to tell as well. however, believe me, most would just rather roam among their own familiarities than talking or expounding with others. the present companies on the forum are a rare exception, they give their time, their discoveries and results of their sweat and toil to practically everyone who wants it.
my utmost esteem, respect and adulation to everyone giving selflessly and unselfishly to help other traders.... may you live long and happy and filled and overwhelmed with every humanly comfort.
Nice job throwing Dennis under the bus when he can not defend himself. He did some bad things and is now paying the price, but I know he had a lot of info that showed you are not who you say you are. Anyone that believes this guy is above board will eventually realize they are wasting their time.
an old pitiful old man who refuses to trade live one contract
just wondering if we are speaking of the same entity....?
are you referring to the one and only pitiful old man who refuses to trade live--even on one contract in his own trading room that charges 99 usd fees, plus an additional 200 usd for using his or should i say--MR. A's TRULY'S CHART; if any student wishes to have the chart on own screen....?
and to further advise our family members who might unbeknowningly venture into his sphere of radiation, may i pls post some info from one of his former fees paid student....?
are we talking about the same entity here, you think? Not that it materially matters for me nor you.
I think not, I was pointing out that Woodie is not who he claims to be. Dennis Bolze was very active trying to expose him, and it is rather ironic that he is the one in jail. I am sure Woodie is very happy that one of his biggest critics is not around anymore.
I was wondering your thoughts on the best way to detect a reversal using the better renko?maybe another oscillator etc? BC as you know if you wait on the reversal bar to show using a 4 or 5 betterrenko you lose alot of your profits. Thoughts?