As a trader what are you trying to do?

Discussion in 'Trading' started by padutrader, Nov 5, 2023.

  1. Overnight

    Overnight

    You had another opportunity over the past week and you blew it. If you went long on Monday morning in ES with 100 contracts, like you said you would, by EOD Friday you'd have had over 1 million dollars.
     
    #21     Nov 5, 2023
    MACD and padutrader like this.
  2. steve42

    steve42

    Eat f*** live
     
    #22     Nov 5, 2023
  3. steve42

    steve42

    There is a maximum rate at which you can approach risk there's a reason that the best volatility traders top at about 55% a year because you do more than that and you're cruising for a bruising without some very specialized in automated hedging
     
    #23     Nov 5, 2023
    MACD likes this.
  4. Zwaen

    Zwaen

    "Getting rich quick" always was the Pandora box for me which opened bad behaviour, always ending in a loss eventually. Compounding slowly -though leveraged/hedged - was the only thing i got to work for me.

    I would guess it's a somewhat universal law that the more time is compressed to achieve a certain result, the difficulty to get there rises exponentially
     
    #24     Nov 5, 2023
    steve42 and p0box4 like this.
  5. padutrader

    padutrader

    i am 67 and an idiot so all i do is look at 5 min bars and talk about it.

    i never looked at girls so
     
    #25     Nov 5, 2023
    SimpleMeLike likes this.
  6. steve42

    steve42

    A lot of them aren't much to look at but some of them are you might enjoy it then again if you're 67 and haven't been driven crazy by now I don't know maybe you should just not not get pissed off and realize what you missed
     
    #26     Nov 5, 2023
  7. padutrader

    padutrader

    i was born crazy
     
    #27     Nov 5, 2023
    steve42 likes this.
  8. padutrader

    padutrader

    poor quick that is easy i can lose 10000000000000 usd in one min
     
    #28     Nov 5, 2023
    steve42 likes this.
  9. padutrader

    padutrader

    according to Al a trader main goal is find areas where is an imbalance at extreme of bar.

    as usual Al will say something which is not obvious or easy to understand
     
    #29     Nov 5, 2023
  10. Leob

    Leob

    Imbalance is very easy and very visible with footprint charts. This is one of the main reasons to use footprint chart, to spot the imbalance.
     
    #30     Nov 5, 2023
    steve42 likes this.