I agree to 75% (3 out of 4) of your points. It's obvious which point I don't agree unless you never lose in all your trades.
What is your valid reason for having a losing trade? For me there are only two valid reasons. Either your strategy is not good or you didn't stick to it. One of the two. There can't be any other reason. For me personally when I have a losing trade it is because I didn't stick to my strategy.
It's very possible to have a solid strategy and you follow it perfectly and still have losing trades 50% of the time!
I disagree, you have to have a rare combination of attributes to be a successful discretionary trader. You also have to have a high aptitude to develop logic and build an edge. If you stick to your technicals, whales are irrelevant, it's nothing to do with advantages of being a smaller player. Its when you start taking risky trades I.e try to pick tops/bottoms without a reversal, continue holding onto positions after receiving an exit signal and divert from your trading plan, that whales become an issue. Lol, you're kidding yourself if you think you can avoid losses. I think I understand what you mean though, you don't spend the bulk of your time dealing with losses if you have a good method which is contrary to what many imply. Some suggest that the bulk of your time is dealing with losses and if you let your profits run and have a positive expectancy you'll somehow get into the green. Good luck, there's very few top traders in the world that haven't blown-up an account. Blowing up teaches you the level of prudence and discipline required to survive and that's before we delve into logic and building an edge which takes 5-10 years minimum. I smell a lot of BS in your posts.
imo, correct observation. Long time ago, I learned it from ACray that in trading other people are actually your opponents. Trading is just a zero-sum based game theory.
Just buy on the green arrow, and sell on the red. Com'on, be honest, you bought that "system" too. Okay, I'm the only one. My new favorite, Click this link. What can possibly go wrong with that advice?
Here is another one: You need 5-10 years to develop an edge. Wrong - It took me 6 months to a year to develop an edge. The key is to observe the market live, keep things as simple as possible, stay away from complex indicators etc and adopt the KISS approach. Once again to be successful at trading is not rocket science. These are just statements to scare newbies away or sore losers who couldn't make it so they want to discourage others from succeeding.