Way too many people put an emphasis on trading being this completely linear, left brained, mathematical, fixed formula, surface level activity.....while very few emphasize the right brained, art, deeper side of the overall equation picture. And this is quite a huge error in misjudgement that prevents most people from achieving true yield potential,,,,... PriVol
The psychological ramifications of trading come to light when actual trading starts. They have more influence maybe more than strategies.
You can GUESS, point, click and hope. With or without goals and stops. Or you can put in the hard long work to FIND THE TREND - TRADE THE TREND, since the price and the trend do not always go in the same direction at the same time. That's why you get whipsawed! Whatever works for you, but don't name call other people because you are not willing to or capable of finding the tradeable trend!!
Sometimes...but not ALWAYS. There's a theory that restricting trading hours to only when the orange moron is tucked up in bed with his teddy and his smartphone has been taken away and locked in the toy box for the evening could be the most beneficial time to trade. Maybe after the dust settles on the European open? Needs a little more research, but trading heavy in lower TFs in very specific time periods might be a lot more risk averse than having positions open on the daily chart and being exposed to all the political nonsense at the moment.
There is no such thing as noise in the markets. I settled that issue in my mind a long time ago and when I did a world of new previously unknown trading opportunities flooded my mind. THERE IS NO NOISE THERE IS ONLY PRICE MOVEMENT. There is shallow movement and there is deep movement as well as up, down, and sideways movement. In any session there are way more market shallow movements. Money is made through trading price movement with winning trades. Hence the shorter the time frame the more tradeable OPPORTUNUTIES for profit. However to capitalize on "more opportunities" a trader needs to have: 1) strategies, principles, setups etc that facilitate more winning trades than losing trades (aka as high win rate). 2) the ability and experience to read PA pressures in short TFs and shallow movement contexts. 3) viable ways to quickly get back losses when they occur. 4) they need a trading platform that facilitates trading shallow movements. 5) they need to have developed the ability to make quick decisions on unfolding PA not on hope and that needs to be coupled with the mindset to swap gears very fast, even reverse directions, when one's decided upon direction (long or short) is not forthcoming, favorable or when lingering at a near stand still. Sometimes it is better to flatten a position with a smaller than targeted gain, small loss, or a BE. 6) proper SL placement to capitalize on. quick shallow moves in x direction because there will also be quick shallow moves in the opposite direction. When trading for small quick gains many traders utilize too tight of a SL (because of the concept of R:R that as been hammered into their head by gurus). Short-term, quick, shallow moves have natural oscillations and probings that will take out too tight of SLs even if one in the end gets the direction correct for a profitable trade. Traders of these short-term shallow moves must understand that most of their trades are going to have (because they need to have) upsidedown INITIAL R:R because that is the only way to maintain a high win rate. Just look at the video I posted in this thread. 9 trades, 7 winners. 2 losses (right at a 78% win rate). My initial R:R was upside down. INITIALLY Risking 10 points to make 5 points in the NQ. However the actual risk endured in the winners was of course less than the initial risk. But the larger initial risk had to be employed because of the natural probings of small movement trading. Even if the price movement in the end renders me my 5 points it may first go against me 9 points. Hence to avoid being taken out of a trade an upside down R:R serves to keep me in and soon renders me a profit. This leads to the next point I make. One other concept to remember in this same line of reasoning is that size of the R:R has to correlate with the present volatility. In others words in today's session I may trade with a 10 point loss and a 5 point profit. But tomorrow that may change to a 15 point profit and a 50 point SL because volatility has changed. I will sometimes test a market for feasible SL and PT settings with a demo first before settling on one if it appears that my present settings are not in sync with what the market is doing in this session at this time . 6) Have a strategy or tactic in place to get back a loss quickly when that upside down R:R does not go in my favor. I show one way that I (deal with a loss) recover a loss in the video on the two losing trades. There are other ways beside what I show but it is one way I recover a loss in a poor R:R trade that happened when my SL got hit in a FIXED HARD SL strategy. There are other ways to recover or avoid losses until ones trade evolves into a winner. Things such as utilizing a flexible SLs (still hard but moveable), whittling down (which I discuss in my journal), and averaging down (also discussed in my journal). The probings of small price movements create their own e particular environment of MFE and MAE and a short term small movement trader has to develop strategies and tactics to keep him in a trade until it moves enough in a favorable direction to render a profit AND he needs strategies to get back losses when they occur. The latter two requires good discernment on larger and intermediate contexts of PA to employ them or a paper loss just can grow and grow until the pain is no longer bearable. In other words to average down should only be done in the right context otherwise it magnifies a paper loss. The same thing goes for what I call "whittling down". So, context (larger..intermediate..and immediate) and "how" (fast or slow, shallow or deep..large or small volume) price is made ALWAYS trumps any single setup a trader may employ. 7) trading has to fit a persons personality or they will never be happy as they trade over the long haul. If they detest detail and cannot focus well, cannot make quick decisions, and have greed problems then they will not be happy scalping small moves. They will regret jumping out when the move continues after their exit. How I personally overcame that was by coming to the realization I CAN grab profits when the market hands them to me thus locking in gains and I CAN always enter again in the same direction again should the move continue and I CAN EVEN also go back in with an even bigger size thus rendering even more profit than staying in with a smalker size hoping for a bigger move and not grabbing "what" and "when" the market gives me a profit. Nowadays low commissions make multiple entries and exits in a move feasible.
Lol are you talking about TDS trading... a disease that has infiltrated the waking and sleeping environments of some folks? Seems that is about all they can think about and their outlook on life is encased in TDS. Consumed with TDS.
Oh jeez..Tonto is back? Thought u'd packed it in to take up gardening ? TDS? No idea what you are talking about or how that would relate to trading the statistics of a particular period of time in the 24hr daily cycle.
Him and the wife in their cardboard box Hilton:- Funny how the deranged tRumpers think everyone else is.