I am kinda new and want to learn basics for short term trading

Discussion in 'Trading' started by curiosity, Nov 16, 2020.

  1. Overnight

    Overnight

    Here is your context.

    "you cannot ever have a system that wins 100% of the time because that would mean someone has to lose 100% of the time......and they will either stop taking the other side of your trade or get wiped out so in both cases you lose that 100% win."

    The fack kind of context is that?!?

    So if someone has a 100% win rate, someone else has a 100% lose rate?

    Fer crying out loud, that is so pedantic it requires more music. Get some groove! Get some analog in your digital world!

    Doesn't India have any soul?

     
    #31     Nov 29, 2020
    DevBru likes this.
  2. Bar charts and point & figure. What made Wyckoff successful has more to do with managing risk and trading momentum than his analytical process. There are better techniques to manage risk and evaluate momentum today.

    The truth is that trading and investing are highly specialized fields driven by experts (thousands of phds with trillions of dollars). You are not going to find an edge through Wyckoff.

    A retail traders advantage is in portfolio composition, mandate, and risk tolerance. However, the lesson you can take from Wyckoff is that you need to hold yourself to high standards and operate intelligently (have a systematic approach to risk management and limit your portfolio drawdown).
     
    #32     Nov 29, 2020
    Ivano likes this.
  3. DevBru

    DevBru

    It all depends on the market you want to trade.

    For example if you want to trade ES or NQ, it could be smart to also keep an eye on the market internals ($TICK, TRIN, advance/decline, ...), the spread between ES and NQ and maybe also spread with other indexes like YM and RTY. Even VIX can give some very good clues every now and then.
     
    #33     Nov 29, 2020
  4. deaddog

    deaddog

    What techniques would you suggest I use? I evaluate momentum with price action and volume and manage risk with stops.

    Wyckoff is more about price action than bar charts and P&F. The charts make it easier to see.

    I must be really lucky then as I have been quite successful.

    That is more or less what I do. I have a systematic approach, based on Wyckoff teachings, to enter trades and a risk management strategy that limits drawdown.

    And most importantly the discipline to follow my plan.
     
    #34     Nov 29, 2020
    comagnum likes this.
  5. padutrader

    padutrader

    do NOT get personal

    if you do not give respect it only means you have none to give.......no self respect
     
    Last edited: Nov 29, 2020
    #35     Nov 29, 2020
  6. padutrader

    padutrader

    yes according to me.
     
    #36     Nov 29, 2020
  7. padutrader

    padutrader


    Context is that perfection is not possible in trading.

    THAT WAS WHAT MY POST WAS ABOUT......NOT ABOUT SOUL OF A COUNTRY
     
    Last edited: Nov 29, 2020
    #37     Nov 29, 2020
  8. padutrader

    padutrader

    it is not luck

    congrats for your success and ability
     
    #38     Nov 29, 2020
  9. DevBru

    DevBru

    Omfg :banghead::confused::rolleyes:.
     
    #39     Nov 29, 2020
  10. padutrader

    padutrader

    yes that is your opinion

    i respect it.

    but it appears some do not like an opinion other than theirs
     
    #40     Nov 29, 2020