The secret of daytrading

Discussion in 'Trading' started by TTT, Jul 25, 2018.

  1. One thing that has helped me is viewing my trade statistics. One thing I have discovered is that on my winning trades I have very little open average loss before the trade became profitable. And conversely I have very little average profit on my losing trades before they become losers.

    This tells my that I am either right very quickly or wrong very quickly and has helped give me the confidence to cut my losing trades more quickly.

    The "secret" in all of this may be that what you don't lose on your losing trades may make the difference in being overall profitable.
     
    #221     Nov 1, 2019
    jeffbader, comagnum and themickey like this.
  2. Overnight

    Overnight

    Logic error. Cannot compute.

    I really need to hit the hay. The HELL does that concept mean? Don't lose on losing trades!

    *Runs away from own brain*
     
    #222     Nov 1, 2019
  3. Think about it after you wake up and are more rested --- you will get it.
     
    #223     Nov 1, 2019
  4. artak

    artak

    The secret of day trading is - everyone who does this lost money, everyone who is doing this will lose money.
     
    #224     Nov 2, 2019
  5. Overnight

    Overnight

    I figured it out!

     
    #225     Nov 2, 2019
  6. themickey

    themickey

    Pray tell, what do you trade and don't lose money?
     
    #226     Nov 2, 2019
  7. Insults.
     
    #227     Nov 2, 2019
  8. I think what @themickey is saying is that we have a thread here that members are giving their tidbits about what may make them a better trader and we have a poster with 3 posts jumping in and pouring hot oil on everyone saying basically "everybody loses so why bother".
     
    #228     Nov 2, 2019
  9. Mnewton

    Mnewton

    Try the lost art of prop trading.
     
    #229     Nov 2, 2019
  10. artak

    artak

    I don't do day-trading, not even week-trading or month-trading
     
    #230     Nov 2, 2019