What if there were zero rules?
No consistency rule. No mandatory buffer. No minimum trading days. No trailing drawdown. No daily drawdown. No daily profit cap. No activation fee. No Path to Live policy.
Just you and the charts.
E8 Zero is coming โ and it's coming sooner than you think.
This is the trading freedom you've been asking for. One phase. Static drawdown. Daily payouts. 100% payout share. Forex, Futures, and Crypto.
Everything that holds traders back โ gone.
Stay close. This one's different.
You have a lot to learn.
If you ever touch your trade, your plan mid trade, you are gambling.
Closing out trades early at any point, is you acting out of emotion.
Never feed into your emotion.
If you are wrong, or like me today being a tick off, you let your trade pan, then refine after.
Win, lose, or breakeven, there is always tons to learn.
Develop a system, and follow it pure.
UPDATE: The suspect in this morningโs fatal hit-and-run incident in Ocho Rios, St. Ann, has reportedly been handed over to the police by family members. Investigations are ongoing #Jamaica#StAnn#Accident#OchoRios#June#Saturday#Crash
Not every single trade has a reason that it was a losing position.
Statistically if that is the traders edge trades just lose itโs part of the edge they have variance.
You canโt expect to dissect each entry and pinpoint fractional details of why a position lost.
You canโt say his entry was bad or invalid based off criteria for your edge two totally different individuals looking at the charts and itโs completely subjective and also hindsight.
FRIDAY CLOSING LOSS RULE
My trading policy is to liquidate any trade that shows a loss on a Friday for two reasons
1. Enjoy a weekend without sweating a loser
2. Friday losses often get worse the following week
Rules rule
Amazing, thank you, this definitely answers my question. I am going to review the trading architure manual as well. I appreciate the feedback more than you can begin to imagine
This is an important point to clarify.
A large sample size does not mean trades collected randomly from anywhere.
It means samples generated by one clearly defined system.
What matters is not how you divide the number.
What matters is what you count as one system.
A system is a complete rule set.
It includes entry rules, exit rules, invalidation rules, skip conditions, risk management, and even the market condition filters that decide when you are allowed to trade.
Once you define what counts as one system, the counting answers itself.
If your setups were designed from the beginning as parts of one complete system, every trade they produce is a sample of that one system.
If a setup runs on different logic and different rules, it is simply a different system, and a different system has its own edge to extract through its own large sample.
The same applies to market conditions.
You do not split everything afterward and force a number onto every market label.
If a market condition changes the rules, that condition is already part of the system definition.
And if the rules change enough, you are no longer looking at one system.
I explain this way of thinking and the specific testing process in detail in my manual, Trading System Architecture.
So define the system completely first.
After that, every trade it generates is one data point for that system.
The purpose is not simply to satisfy a number.
The purpose is to reveal the systemโs variance and distribution through a sample large enough for the law of large numbers to work, and to build the trust that lets you execute it consistently.
In your book you recommend atleast 1000 trades for a trading system. Does the 1000 trades have to be per trade setup per market condition or just 1000 overall trades? Re-read and didn't get clarification.
Trading does not pay you a fixed salary every month.
But your living expenses will always appear.
The advantage of trading is that compounding can work.
But you want to withdraw trading profits.
And when you withdraw them, the power of compounding is reduced.
Assume that the short term profit you make from trading will be lost soon.
You will have winning streaks.
You will have losing streaks.
Healthy trading means your capital grows little by little over the long term while wins and losses keep appearing inside that variance.
Having work outside trading is not shameful at all.
The belief that full time trading is superior only makes you suffer.
I saw someone say, "A negative expectancy system can still make money if the RR is good."
This shows a misunderstanding of expectancy.
Negative expectancy does not mean a low win rate.
Expectancy is calculated like this.
Expectancy = win rate ร average profit โ loss rate ร average loss
The balance between win rate and RR is already included in this formula.
A better RR improves expectancy, of course.
But if the result is still negative after RR is included in the calculation, that is negative expectancy.
And if you use the word expectancy, a statistically meaningful sample size is assumed behind that calculation.
If you are talking about the fact that the next trade can still make money, that is not expectancy.
That is short term randomness.
Understand this because it matters.
If expectancy is negative, profit will not remain over the long run.
Because that is what negative expectancy means.