I’ll let you find this out for yourself… obviously this is still an unknown for you. Great results so far on your 17 day stint, but after 170 days…not so optimistic. Like I said, an overall losing day is inevitable, and it will happen. Saying that it will never happen is just idiotic. Even the most profitable trading approaches are more than open to losing days, it’s a natural process.
Since you bought up “common sense” - 17 days in the great scheme of trading holds no evidence to this argument.
I’m not going to argue such a simple point anymore.
17 positive trading day outcomes from 20 possible is pretty good i venture. I doubt anyone but you differs to argue the same. I didn’t say I did that but that I will …in realtime prove it is possible thru scalping.
I’ll post every trade here in a journal as quickly as I can, take 10-30 pips per trade, and end positive 17 out of next 20 days. Is this something you’re interested in seeing, and would you renounce your assertion that this can’t be done?
I didn’t disagree with your performance, and did not doubt you have done well. This is not a personal disagreement.
Sure, start you’re own thread, i’m sure others would appreciate to see this, even better open up a myfxbook account. Posting trades here retrospectively will form no source of proof - as im sure you can appreciate we can all do that, no trading skill required.
What you are talking about is…get ready for this… a statistical improbability. Unfortunately every new trader thinks they are the exception to this proven rule.
17 profitable days is not enough to justify it if you have a good system working for you or not…Or maybe it is just a fluke. I have had 3-4 straight profitable months from 10%, 15%, and the highest one was 28% then a month or 2 is a losing months. What I have learn is that always expect that you will have losing days/ weeks or months specially at the early stage and even if I have 5 years and beyond experience in my belt. Expect that losing will come and it will be easier for me to deal with rather than expecting that I am immune to losing in which it is not true and when that reality hit it will be hard to deal with…so just relax, give it some time… You’ll see.
Your question needs clarification. A winning trade on any currency possible out of how many attempts?[/QUOTE]
I am sorry if I wasn’t clear pip puppet, I was wondering is it possible to win on any currency pair? Rather if you are scalping the market or a position trader if you have the perfect system?
Is there a such thing as never loosing a single trade? Do you or someone believe that a perfect would allow you or anyone to never ever loose a single trade? Can the market be predicted? I was just curious.
I didn’t say I do this or have done this …I don’t scalp … my trades are intraday swings …but I think a good scalper could be net positive almost everyday …think I could do this should i try?
Sure feel free, perhaps I misread your previous replies then. I assumed when you said you traded for 17 days out of 20 in a month that you were trading “every day” - I guess that’s the problem with typing replies, easy to get mixed up.
Do what ever you feel comfortable with, every public account or journal will get scrutinized though by other traders who either want to knock you when you’re down or are jealous of when you’re doing well - so don’t let this effect your performance.
There’s about 20 trading days each and every month, a good scalper may make positive pips in 17 out of those 20 trading days. In your experience is that possible or reasonable?
I guess it could be possible, but the question is of course for how long can that be maintained and what degree of risk management is being employed.
Also, assuming you could make positive pips per day, you need to consider the draw down in the day in question. You could drop 100 pips in a day and then make 120 in your last few trades. How relative is this 100 pip drawdown, how much of your account was exposed? It’s these kinds of questions that can’t be answered when considering such a simple question.
It’s just the same when watching the price of a currency pair, it may fluctuate within a 100 pip range in the day in question, but yet only close 5 pips higher than the daily open price. So if you bought at the day open and closed at the end of day you would have made 5 pips but were exposed to a 100pip drawdown.
You would see traders who use the martingale trading approach end almost every day in profit because they double down on all losing trades to make back the previous loss plus the original stake… until one day they lose everything because by doubling down the loss’s grow exponentially - a statistical improbability.
I dont scalp but to answer your question if it is possible? Sure… Is it sustainable? That is a question especially if you are looking at long term not short term. Have you asked other scalper if it is sustainable in long term prespective or have you meet any successful trader who do scalp?
Don’t think a good scalper would allow “100 pip drawdown” …scalping by definition means in and out quick capturing very short term price fluctuations …
