How to identify 2% club of succesful traders in ET?

Discussion in 'Trading' started by rajesheck, Jun 3, 2023.

  1. Buy1Sell2

    Buy1Sell2

    I've identified myself
     
    #61     Jun 5, 2023
  2. newwurldmn

    newwurldmn

    This is not an answer. This is pseduo-philosphical babble.

    Eagles are nearly extinct. There are billions of crows. I'd rather be the animal that has a higher likelihood of survival.

    Here's how i define a broad mind - someone who understands how various asset classes move and what would motivate people to trade them. Defining scalping the way you do is not a broad minded definition.
     
    #62     Jun 5, 2023
  3. #63     Jun 5, 2023
  4. hilmy83

    hilmy83

    @rajesheck are you getting paid by the thread?
     
    #64     Jun 5, 2023
  5. The opening stock price is defined by previous day's news and other potential factors.

    But what happens after the market opens is entirely under the control of the traders. That's why day trading is a reality of its own. Here the only tangible thing is the chart. In other words he who understands the day chart better can make better profits, regardless of what the world is thinking or doing.

    Of course every rule has some exceptions but exceptions won't make the rule.

    Intraday chart is a world by itself. Extraday chart is not, because of gap-ups and gap-downs.

    This is "outside the box" thinking.
     
    #65     Jun 5, 2023
  6. What makes you think that?
     
    #66     Jun 5, 2023
  7. ph1l

    ph1l

    I did a little research, so ...
    And ...
    So I conclude eagles bully crows, but crows can defeat eagles using teamwork and their superior intelligence.

    And some here thought there was nothing to learn from this thread!:D
     
    #67     Jun 5, 2023
    newwurldmn likes this.
  8. People who are not yet ready to perceive trading as a business continue to pursue trading as a technical skill. They look for more knowledge, techniques, secrets, etc

    Such people won't find any from my threads, because I am sharing mainly broad aspects of trading.

    (From the perspective of "broad mind and big picture", eagle/crow example is classical)
     
    #68     Jun 5, 2023
  9. newwurldmn

    newwurldmn

    this is not outside the box thinking. This is the majority of the people here hold these views and would not be considered in the 2%.
     
    #69     Jun 5, 2023
  10. newwurldmn

    newwurldmn

    It's all outside the box thinking. Something you wouldn't understand with your 100% winrate and daily sharpe of like infinity.
     
    #70     Jun 5, 2023