It’s difficult to trade and have a 9-5 at the same time. However, it can be done. Robust trading systems and setups can within reason work across all time frames. Some though they work well across all time frames. They turn to work even better on the longer time frames than in shorter ones. Some the other way around… Read more
So, I designed an experiment with my niece to see the impact risk management has on a trading system. To ensure the odds are on her favor, I gave her a 1:2 risk: reward system over 30 tosses.
She had to guess on the landing on the flip of coin, wining twice as much as she bet when she guessed right, and only loosing as much as she bet when she guessed wrong. With 50% probability of winning on each toss, over 30 coin tosses she should be profitable…. Read more