Failure to understand risk/reward and why you're losing as a trader.

Or, you arent day trading

 

Here are the book excerpts I mentioned above. Finally got around to posting them. Read and study Wxy. You might assimilate a concept or two!

 

You rest like a baby yeah right. LOL bet you check your positions multiple times during the day and any other chance you get. And first thing in the morning. You have heard of gap up or gap down? Size isn't the issue. It is what the market can do because it is uncertain. BY being flat I have removed that uncertainty till the next trading session wxy. Please try to understand. You are the one embracing risk not me when the session is over.

 

Actually it is the very opposite. You have become fodder for a scalper and I might add the big boys too!

 

That makes no sense at all lol. You probably have 6 monitors and multi scans going on all the time lol...you are a trader because you like people to think that's how you make a living.

 

wth are you talking about?

https://www.elitetrader.com/et/threads/i-missed-the-whole-trading-day-by-accident.382068/

 

At least be fair..

For better or worse, you are not an advocate of risk management..You are the trader who turns investor when dead wrong or assigned on short puts..

You are good at position sizing..

If you are good at your craft, it doesnt matter what time frame you trade..

 

Today I tried to scalp the NQ. I made about 740 in 25 minutes. This shit is dangerous. I can understand why you guys get so addicted to it.

It could have gone the other way around, easily. There's no fundamental reason why I made those bucks. I just triggered the trades based on some keikin ashin candles and a level formed by the 2nd standard deviation of the VWAP. Two trades. Both shorts.

This is like betting on the horoscope.

 

Do whatever makes you money. Who cares if it is swing trading, day trading or scalping?

Only daytrading scalpers are competing against HFTs. There are other forms of daytrading.

 

Strawman.

No one is making up random risk-reward ratios. After you trade one strategy over and over, you figure out quite quickly the general probabilities for different rewards given your risk.