Unsuccessful trading with full-time job

Discussion in 'Professional Trading' started by th3moneytrain, Jan 3, 2014.

  1. I suppose I should clarify that I watch for intra-day moves and scalp those. Typically there is always a scalp, but either its overpriced/reverses too fast. One of the things I am trying to improve is finding a good scalp that doesnt reverse too easily
     
    #51     Jan 4, 2014
  2. You are all about the "plan". I don't think it's bad advice. Can you provide examples of plans that have worked for you?
     
    #52     Jan 4, 2014
  3. Thanks. I'll consider all of that to create a plan.
     
    #53     Jan 4, 2014
  4. My job isn't demanding anymore than demanding my presence for at least 8 working hours.

    I'll have to take a look at futures.

    Which platform do you use?
     
    #54     Jan 4, 2014
  5. Thanks for the book recommendation and link. I'll check it out.
     
    #55     Jan 4, 2014
  6. Gringo

    Gringo

    Here's one way of doing it. It's only a start.

    Gringo
     
    #56     Jan 4, 2014
  7. So basically futures and forex. Can you elaborate on how you trade Korean tickers? Do you mean Korean stocks? I didn't know that Americans could trade Korean exchanges.
     
    #57     Jan 4, 2014
  8. dbphoenix

    dbphoenix

    #58     Jan 4, 2014
  9. This is exactly my style. But I'm lacking confidence in it because of my failures and becaus all I hear is buy low/sell high. My experience has been the same as you have seen. Some days the buying of highs goes even higher beyond belief and that's where I have made most of the money. However I lose it eventually b/c I try doing that with similar plays to have those plays reverse on me. I haven't been able to quantify this buy when high move because I don't know how to discern which one will run and which one will turn.

    Do you have link to his posts?
     
    #59     Jan 4, 2014
  10. I wasn't try to fake humility. I just wasn't clear in my writing. I should've said, "I don't want to discredit your response until I know what you were trying to say exactly".

    In any case, I appreciate your response and opinion regarding the right mindset. Thanks.
     
    #60     Jan 4, 2014