have you seen the chart of what i mentioned? you need hand downs for this? that is why traders lose because they do not sit on their hands what else are you going to do when you see this chart of eurusd? do you need an expert to know what to do or you need some great amount of skill?
I was a chartered investment manager at an IIROC financial planning firm managing model portfolios in an advisory position - $75 million at it's peak. Same firm for ~13 years. During that time I was swing trading and day trading just after the open and was able to do this since I'm on the west coast. I run 2 separate trading groups and I'm amalgamating them into an advertised entity to try to attract other successful traders, especially those who want to automate their strategy as I have partnerships with seasoned programmers. An opinion of someone who is just becoming profitable now, from learning how to trade ~20 years ago, saying they think you don't need to monitor trades as a trader does makes sense to me.
be that as it may....i wish i could make it..... make sense to you. does Chinese make sense to you? and if it does not.... you will call it BS?. whatever does not make sense to you is BS? are you so knowledgeable?
you are misquoting me.... i said i am not hands on.....i do monitor trades but even if do not..... i have stop in place so why the hell should i stare at it
IDK. To be profitable? In 20 years you haven't thought to monitor trades more closely and learn to adjust. You think it's crazy for anyone to point out that this may not be the way to go? I don't have anything else to say. Stubborn.
you need to monitor closely only if you are scalping....a trend does not change very often...it may weaken a bit and then it will continue..... so 'monitoring' it or having a ' hands on ' approach means you will be shaken out at the worst possible time i failed miserably at scalping and after 13 years of trying-since it is very lucrative to learn since you can make money by the minute- i tried a lot but i have given up that. but i do actively monitor a chart , if it is like that of gold right now and i have position. I hope it makes sense to you now
Traders using automation OR trading only certain hours can post messages during market hours. Don't assume everyone is constantly sitting around glued to the screen.
i read Brooks books and tried to do just that for 13 years. not good at it. now i just see the overall trend and go with that. doing much better. since i had the time to actively monitor, adjust to market conditions and trade i tried to that: lost money consistently.
This doesn't sound like an opinion at all, sounds more like you are trying to say it's a fact that only if one is scalping then you don't need to monitor positions but sorry this is wrong.