Need Help Need Perspective!

Discussion in 'Trading' started by Leob, Nov 9, 2021.

  1. Leob

    Leob

    I do already.
    Doesn't work in intrady day scalp.
    Chart, mouse, edge and mentality.--I do.
     
    #21     Nov 9, 2021
  2. yes with a few minutes every day you can scalp your way to riches! :rolleyes:
     
    #22     Nov 9, 2021
  3. volpri

    volpri

    :rolleyes::rolleyes::rolleyes::rolleyes::rolleyes::rolleyes::p
     
    #23     Nov 9, 2021
    MACD likes this.
  4. There's very little, if any evidence, that chart trading works. When you think about scalping you should understand what is creating the opportunity. I highly suggest reading into market anomalies and then spending your time to 1) analyze a handful and 2) find your own. For the past 60 years, people have been using statistical analysis on price and volume data, which is much more robust than anecdotal or visual analysis. Human brains are wired to see patterns (see: Thinking Fast and Slow) and are not prepared to think statistically. These biases can be lethal for traders, and helps explains why most fail.
     
    #24     Nov 9, 2021
    MACD, sandy_s and Leob like this.
  5. Leob

    Leob

    Indeed!
     
    #25     Nov 9, 2021
  6. sandy_s

    sandy_s

    This is a good advice @Leob

    Leverage what you have that others don’t. Start with small automation...build on top of it..

    This is an edge you have got...use it!
     
    #26     Nov 9, 2021
  7. MACD

    MACD

    #27     Nov 9, 2021
  8. MrMuppet

    MrMuppet

    Seems to me that you trade as a hobby. And that's fine, too
     
    #28     Nov 10, 2021
  9. volpri

    volpri

    :D
     
    #29     Nov 10, 2021
  10. I don't believe anyone in this thread said that?

    However, the point is if someone is exhausted after a few days of trading and needs to take days off, something is wrong.

    Day trading is a performance based activity, so taking the day off if you're not on top of your game makes sense. However, if you need to do that as a routine, then something's off.
     
    #30     Nov 10, 2021