As a DAY trader, you must make money EVERY...SINGLE...DAY. Otherwise you just suck and wasting your life - Paul Tudor Jones' 2nd cousin.
Historical, but may help you spot future red flags... Again for INVESTING, knowing a balance sheet is very important... A company with large debt (when rates are near zero), is so much different than at seven to ten percent... Just my thoughts...
Good Evening deaddog, Do I think I will win on this trade? If yes, click Buy or Sell Button. That is it. Just one question I ask myself per trade. Simple.
Good evening SML That seems simple. Almost too simple. I have a very complicated plan but it answers the question what do I do next. For every thing I think might happen I have an if/then chain of events that I follow. If ES does that then I will do this. What makes you think you will win on the next trade? What do you consider a win? What do you do when you don't win? What do I do next??? All these damned questions are a pain in the ass but when you can answer them all you will be able to make your million dollars in a year.
Hello deaddog, If Beyonce tell you to come to her house and have sex with her, are you going to ask any questions at ALL? No, you are not , you going to say "Yes, mam" and go to her house and sex her. That is how easy trading is for me. When the ES wants to give me money, I take it. I do not ask questions. So why do I need to ask all those damn questions just to click the buy or sell button on the ES futures market. I hate working hard in trade, and hate over thinking. If the trade looks good and I think I can win or feel I can win, I click buy or Sell button. Simple
Hey SML LOL If Beyonce called i'd have all sorts of questions. Probably why I'll never bed her. You need to ask all those damn questions in order to make that million that seems to alluding you for the past few years. But you gotta do that shit to make your million Of course it's simple, and it would be great if it helped you achieve your goal but that doesn't seem to be the case. You want simple.... If you want different results you will have to do things differently... Simple!!
Here's a principle I wish I knew in the beginning: There are times when the market is basically raining money on you, and all you need to do is get a container and collect it. Buy anything that's going up. And other times, everything feels like your tail is caught in a screen door, all trades immediately reverse direction, range prevails and so do false breakouts. "Obviously" you need to know which mode the market is in, before you do anything!