Tales you Win, Heads you Lose

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patterson.bill

New Member
Hi,

I would like to highlight to prospective traders a book that I wrote covering the ten year trading journey I went on. The book covers the confusion experienced at the beginning of the journey, to the highs of making many thousands a days, to the lows of losing 15k in a week.

Amazon - Tales you Win, Heads you Lose - Bill Patterson.

With a trade sample size of 30,000 and >1/2 a $ trillion of notional traded there is a good lessons and tips hidden within the book.

All the best,

Bill.
 
patterson.bill said:
Hi,

I would like to highlight to prospective traders a book that I wrote covering the ten year trading journey I went on. The book covers the confusion experienced at the beginning of the journey, to the highs of making many thousands a days, to the lows of losing 15k in a week.

Amazon - Tales you Win, Heads you Lose - Bill Patterson.

With a trade sample size of 30,000 and >1/2 a $ trillion of notional traded there is a good lessons and tips hidden within the book.

All the best,

Bill.
Click to expand...
That sounds like an intense journey! What inspired you to document your trading experiences into a book, and did writing it change the way you approach trading now?
 
patterson.bill said:
Hi,

I would like to highlight to prospective traders a book that I wrote covering the ten year trading journey I went on. The book covers the confusion experienced at the beginning of the journey, to the highs of making many thousands a days, to the lows of losing 15k in a week.

Amazon - Tales you Win, Heads you Lose - Bill Patterson.

With a trade sample size of 30,000 and >1/2 a $ trillion of notional traded there is a good lessons and tips hidden within the book.

All the best,

Bill.
Click to expand...
And what are the main conclusions? Survival rate in FX is very low or something like that? But this is precisely where high returns come from!
 
Reffo said:
Was there a specific turning point that changed your mindset or strategy the most?
Click to expand...
Significance of overfitting problem. It is subtle many tends to overlook it due to wishful thinking (finally I found something!)
 
I think many traders fall into that trap without realizing it. Looking back at your journey, what helped you finally recognize real edge versus something that just looked good on historical data? Was it more about data-driven validation, or did your mindset shift first?
 
this is the whole game: cap losses fast and let winners compound so your R-multiple distribution is right-skewed.
 
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