"Can you link me to your web site address or sell me your system ?" -Gavinlee888 Obviously you do not understand trading. Unless that was a sarcastic remark. More people use the same system less effective it becomes and at one point stops working all together. Any system you'll buy will not be effective unless you shell out millions and are the only person with that system. Besides trading is not about certainities, its about probabilities and any trading system or technique one has developed will stop working at one time because the conditions that made that technique work has changed. Trading is not a destination, its a journey; you have to continually work on your process, technique and adapt to the continually changing environment. So instead of buying a system invest in learning trading, especially the psychology. Best of luck!
Oilfxpro: I called 3 trades today as well (didn't trade yesterday), all with initial stops in the range of 6 pips (would require even less heat after the entry), all realtime for a total of +40 pips. Check them out if you are still interested.
May be there are not enough trends in day trading for day traders to make money?How many trends are there in a week?
Actually, in my opinion, you've got it dead wrong. Getting the entry right isn't that important. You can always average down to a certain extent. Its getting the exit correct. Knowing how to read the price action once you're in a position and nagivating it correctly so you come out ahead.
Some fail, some not, there are enough of them to make money, that's all any trader should care about, not about definitions of what is trend or not. BTW, ranges can be just as (if not even more) profitable.
There are 6 buys and 5 sells , so net loss is potentially $800 , but before we get to that situation , mental stop will come in.There will be other trades making a profit , before we get there. The brokers I use allow me to do have buys and sells. Sorry about delay in response.
How much is noise or what appears to be a trend , but is infact random movements?You can see trends where none exist. Even coin tossing can be profitable, if you know how.