I don’t doubt for a second that traders can make money and sometimes big money. However, to consistently make profits is a rarity. I think that’s...
There’s hope but you won’t find one indicator/predicator.
The right question is how did it go back to the market? At least that’s how my winnings went. Lol
I don’t believe stock price movement is random.
Trend in real time is a pure illusion. The best thing you can see is a high probability of long (uptrend) or short (down trend) bias within a...
Most likely unless what you did is so special that no one has ever tried before. Remember so many smart people have been trying with all kinds of...
This is so true! I would call it the human cognitive deficit, as opposed to the more common human emotional shortcomings. We just don’t have the...
If you stick to risk management and your process, you won’t lose big even you don’t have a significant edge. Mostly the results will be random...
As for spotting a trend early on, I got to say it’s a big fallacy. I myself used to think that way and found out that I could never capture a big...
My point is a few times a day I can see the market clearly. But my psychology and execution often get in the way. Also, I think edge is not...
Today’s example below. I entered long at $236 around 2:40pm. Price immediately went up. I moved stop to $236.25 and set profit exit at $237.75 and...
PRM = take loss quickly. What about winners? How do you decide when to exit/take profit? A winner can easily become a loser. I think deciding when...
If you have the infamous 10,000 hrs of screen time you’ll be good. Nothing can beat that.
Do it with a family member, like spouse or kids. Just need to do some training. My wife has been watching me trade for years. I bet she has more...
A team of 2 traders can achieve that, with one as the spotter and the other as the sniper, so to speak.
Yes high probability of small reward or lower probability of large reward or even loss.
Use long term timeframe to determine trend, i.e., long or short. Then, use local PA to determine entry point. Best of both worlds. Lol it’s not...
Either way just keep testing.
Or you can scalp within one 5-min bar.
If you scale up 2x to $2k size you won’t lose a lot even you’re wrong. I’d say scale up to 2x and see what happens.
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