uhh...considering this thread made it to the top 3 most viewed this week, i'd say it's beyond expectations
It's interesting that some people entertain the "fade yourself" approach..... problems are more trade mgmt vs directional bias
This is the logic that is used by OP: 99% of all cars that have an accident at night, have their lights on. If we forbid to drive at night with lights on we will reduce the number of accidents by 99%. People who believe that doing the opposite of what the losers do, will be winners, should stop immediatelly stop to trade. They clearly have no clue or edge about trading. To fix a problem you should first find the REAL cause.
They mostly lose. You have reoccurring frictional costs when you trade, as well as other things to fade.
Why is everyone so toxic in this forum? Can't people ask a question they don't know the answer to and not get harassed? Did he do something to deserve all this hate? I tried fading myself. I realized it didn't work. Why didn't it work? The trading reverses and you end up making the same mistakes. You can't not read the market. It turns out it's bad decision making based on bad math. Honestly, best success I had was a 1:1 Risk/reward trade. I figured I had a 50% chance of hitting, and then I just tried to trade off areas that I assumed it would react, and aimed for a higher win %. It seemed to do a lot better than 2:1 or 3:1, and I'm guessing those larger R/R trades must be earned, so to speak, once you're able to read the market better and know how much to take. IMO, it's mathematically advantageous for someone new (like myself) to trade 1:1 R/R so you don't die by 1000 cuts and never hit your bigger profit target.
Why does everyone just advise someone quits if they say something you don't like? Maybe teach them, or tell them to look at it from another perspective? Why is the default 'you suck, just quit'? I guess people aren't allowed to improve? Did you come out of the womb knowing how to trade?
First I showed him that he made a "logical thinking" mistake. And second I told him what to do: find the REAL cause. I never said: you suck. Or anything similar. Is this post better? Almost all posts are like mine. You probably are a new nick for somebody else that I have blocked. And nobody ever told me how to trade. I had to find it out myself.
Just keep on trucking, man. Read this if you have a few days... https://www.elitetrader.com/et/threads/and-they-have-a-plan-live.306838/