Do you have any piece of advice for a novice trader? Anything that could be helpful?

Discussion in 'Options' started by newbie003, Oct 27, 2019.

  1. themickey

    themickey

    Would you care to offer an example?
     
    #31     Oct 28, 2019
  2. IAlwaysWin

    IAlwaysWin

    I sure will. Below is an example of a MTF strategy using transient zones and a divergence formula for entries. All custom coded but only semi-auto at the moment. When you get a buy signal, all you have to do is look at all the time frames and see if it's a proper signal. Two green dot on each time frame would indicate high probability of that signal being accurate. It's accuracy is on the level of predictive at this point. This gives you that edge!
    exp.PNG If you know how to code or have a dedicated programmer, that also puts you at an advantage. I'm hiring if you know anyone.
     
    Last edited: Oct 28, 2019
    #32     Oct 28, 2019
  3. TradeZero_Billy

    TradeZero_Billy Sponsor

    Practice!!! Practice!!! Practice!!!

    We have free demo trading platforms for you to ask for advice and perfect your skills. Check us at www.tradezero.us

    Thanks,

    Billy
     
    #33     Oct 28, 2019
  4. Can you show us some stats (not charts) that can back up that claim, which outlines the high probability/positive expectancy of transient zones, two dots, and indicator divergences? Just some supporting research data would really spark my/our interest. It's really hard to take seriously otherwise.
     
    #34     Oct 28, 2019
  5. IAlwaysWin

    IAlwaysWin

    You don't have to take me seriously, I'd would rather not share my method with the world.
     
    #35     Oct 28, 2019
  6. Turveyd

    Turveyd

    Bollinger Bands, that's my advice, master Bollinger Bands
     
    #36     Oct 28, 2019
  7. Ok. It'll cost us some sleep, but we can live with that.
     
    #37     Oct 28, 2019
  8. No, not so good :)
     
    #38     Oct 28, 2019
  9. Turveyd

    Turveyd

    You just haven't embraced them into your heart yet, I tried a few times and thought rubbish, but cracked them recently :)
     
    #39     Oct 28, 2019
  10. raVar,

    I thank you very much for a well written post. How I know this is a well written post? Because I am currently at point #2, and its not about entrance, and discomfort takes experience getting use to.

    I am not a profitable trader , yet!! But i am on my way based on my trading stats I have gather in sim. And everything you said is absolutely right.

    Point #2 is where I am at.

    You are right. I am witness. I jumped from strategy to strategy to strategy for about 2 years. Maybe after about 4 months of trading.
     
    #40     Oct 28, 2019
    raVar likes this.