The opinions expressed in these forums do not represent those of C2, and any discussion of profit/loss is not indicative of future performance or success. There is a substantial risk of loss in trading. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. You should read, understand, and consider the Risk Disclosure Statement that is provided by your broker before you consider trading. Most people who trade lose money.
As a trader I am always looking for new trading ideas, and right now I am studying these manipulation patterns very closely.
Please feel free to share your knowledge on that subject, when you have a chance, or simply recommend a good book.
The one I am reading at the moment is “Richer, Wiser, Happier, How the World’s Greatest Investors Win in Markets and Life”, by William Green.
Fantastic trading book. loaded with terrific trading ideas.
I personally don’t believe in trading education. There’s an over saturation of it, diluting valuable information to basically non existence. In theory though if you find a manipulation pattern you like you still have only a piece. You have to know when it will and wont work and when to focus on one sided movements like trends.
Do you think it is on the rebound?
I just went long silver, so let’s see if the rebound is real…
Impossible weekly or even monthly. Maybe annually.
Yes, that seems to be the case.
If we visit the Leaderboard for instance, we notice that there is no strategy with a 100% winning rate, on a monthly basis.
The average monthly winning rate for these 38 systems (see link below) is 60.95%, meaning that each year these systems have 7 winning months and 5 losing months (total = 12 months), on average.
Of course the monthly winning rate is a rather useless metric, what truly counts is the total profit (or loss) at the end of the year.
My friend, traders should always keep learning, from trading books, forums, mentors, coaches, YouTube, you name it.
Personally I read about 2 trading books a month, at least.
Trading education (not to mention backtesting) is a never-ending process.
