[schemer]

I do this and I make money in 1 out 2 trades. Do you know what the heck you are talking about ?

http://www.brettsteenbarger.com/articles.htm

[dpapathanasiou]

Half your momentum trades are profitable? Is that before or after trading costs? How often and at what volumes are you trading?

[schemer]

All I can say is that 8/10 are losers is highly improbable. Given no other information, if you enter a trade there is a 50/50 chance that the next tick is going to be up or down. But notice I said given no other information, there is much more information from the behavior of the charts. If you are a small player the charts will help you be right more than 50% of the time. The rest is how your algorithms and trading methodology take advantage of the information.

[dpapathanasiou]

That is a gross oversimplification.

It also seems you've backed off your claim that 50% of your trades are profitable (if you actually trade).

[schemer]

Here is something a little bit more complicated. 70-80 % win ratio. Please stop with the 8/10 losses misinformation.

http://www.tradingtheodds.com/strategy-performance/

[create_account]

Then you must be fabulously wealthy.