This entry was posted on Tuesday, May 8th, 2007 at 1:32 pm and is filed under Live Trades. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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Another nice trade into decent support.
In the video I mention about the guy saying he’s doing 3.5 points per day - and he’s an below average trader -thats PER contract.
Maybe someone with some exposure to some good traders can give me an idea what percentage of traders have this performance.
Dr. Brett can you help me on this. I have tested data inside and out on the ES. Is this a number below average traders do? Somehow I doubt it…..
Have a Great Day!
Dave Johnson
May 8th, 2007 at 8:40 pm
I would think the number would have to do with a few factors:
1) Variance. Sometimes, all your trades seem to work, even over what seems to be a large sample, bloating your trading figures.
2) Market conditions. Sometimes, your trading strategy is very well suited to the current market conditions, allowing you to do very well. Obviously if you don’t adapt to changes, your results may start to suffer.