Strike Rate (Poll)

[jamesg46]

I was doing some pondering earlier and would appreciate if you guys would take the time to answer the following. I've come to my own conclusion but I'm still very much interested in what the majority of people think. Thanks in advance.

[jimibt]

i'd go with Skill. Tho that said, you need confidence to employ your perceived skill, so a combo of both. the generosity of the market is a reflection of navigating the markets in rough weather - a measure of your skill, as a few well chosen markets can reward you far more than a bucket load of you know what!!

I think another option to consider would be your ability to change approach on a given strategy, whilst maintaing the aforementioned strike rate. it's all too easy to tweak the life out of something, just to try and save a few points (been there, done that).

[Derek27]

I selected skill because you can only select one option, but let's face it, some green books are handed to you on a plate rather than needing to exercise much skill.

[Archery1969]

I selected skill because you can only select one option, but let's face it, some green books are handed to you on a plate rather than needing to exercise much skill.

Spill the beans ?

[Derek27]

I selected skill because you can only select one option, but let's face it, some green books are handed to you on a plate rather than needing to exercise much skill.

Spill the beans ?

The charts of the day thread is full of examples of market generosity - somebody likes to give money away.

[ruthlessimon]

i'd go with Skill. Tho that said, you need confidence, so a combo of both.

I'm in the combo camp too.

Skill is the easy choice. But confidence can have a huge bearing (especially lack of it).

[ShaunWhite]

Skill.
Market generosity is tempory so doesn't affect anything mid/long term.
Confidence affects your results but lack of confidence is a condition caused by a lack of skill.

If you have the skill, it gives you the necessary confidence and helps you capitalise on market generosity and mitigate the effect of market meanness.

[Derek27]

Confidence can be a reflection of my strike-rate, but it doesn't work the other way round.

[ruthlessimon]

Tbh I'm uncomfortable with the question, because the assumption "more skill = higher strikerate", aint right.

My nan could 1tick scalp with no stop, & she's gonna have a nice strikerate, but naff all skill Also I was thinking of the betdaq thing, where the goal was 40/40 markets (or something like that). But the people who won that, were less profitable than they could've been

[ShaunWhite]

Tbh I'm uncomfortable with the question, because the assumption "more skill = higher strikerate", aint right.

No need to be uncomfortable. I think 'strike rate' here is just an analogue for returns/profit/success. You're defiantly out of the same mold as the people who fill the post bag in the More or Less office.

[Kai]

Strike rate is probably a misleading word, since you can be a successful trader with a low strike rate, and an unsuccessful one with a very high strike rate? Not sure if you meant to ask about (profitable) results instead, or directly about strike rate.

Confidence in itself is obviously one of the soft skills, it's not really a character trait that you're born with, it's just another skill that anyone can learn and develop, but also lose completely as well.

So in a way you could say that if the market is generous enough to provide good opportunities you need to be skilled enough to recognize them and be confident enough to execute your trades.

[ruthlessimon]

I think 'strike rate' here is just an analogue for returns/profit/success.

If that's true, I agree, all skill.

However, if it genuinely is strikerate, I can't ignore these threads

viewtopic.php?f=17&t=12939
viewtopic.php?f=17&t=12386

[Derek27]

I think 'strike rate' here is just an analogue for returns/profit/success.

If that's true, I agree, all skill.

However, if it genuinely is strikerate, I can't ignore these threads

viewtopic.php?f=17&t=12939
viewtopic.php?f=17&t=12386

August 2016 he was 'connstantly' losing after 8 years of trading. Then, 3 months later, he cracked it and was able to give others advice. That's confidence for you.

[Kai]

I think 'strike rate' here is just an analogue for returns/profit/success.

If that's true, I agree, all skill.

However, if it genuinely is strikerate, I can't ignore these threads

viewtopic.php?f=17&t=12939
viewtopic.php?f=17&t=12386

August 2016 he was 'connstantly' losing after 8 years of trading. Then, 3 months later, he cracked it and was able to give others advice. That's confidence for you.

His sniping strategy in grid view has got to be one of the worst strategies I have ever seen : https://www.youtube.com/watch?v=J1kZXbCDxTQ

After a decade of trying to find an edge and a Forex waifu this is the best that he has come up with. Clicking on whatever price randomly comes up in grid view on a horse that has "clearly won".

[Derek27]

Did he ever learn to use the ladder? I've never used one-click grid for that very reason - you never know what price you're taking.