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Ah, dear old Bristol.

This is the heart of the crypto debate - at least for traders. We can trade trash, we can trade the future, we can even trade stuff that doesn't exist and maybe never will. Doesn't matter. What matters is make a profit and pass the parcel.

Well, admittedly its just my supposition. "mechanical" ??? Jeez mate, am I going to have to fill in one of these captcha things so we all know I'm not a bot.

I saw a picture of Rorschach once. At least, I think it was him........

So if his analysis of the clouds was different he had a different plan for action based on the analysis. Like if you see a range and he sees a range and he plans to go short off the upper boundary and you plan to long the break-out through the upper boundary - same TA, same market, different plans.

I love this comment. Probably not why you expect. My position is that 99% of all of us traders are left-brained. But about half of us don't like to recognise this in themselves. Abandoning the labelling "discretionary" trader seems to present a threatening loss of creativity and possibly...

You must have a plan as to what you interpret, what you don't interpret at certain times, and how much weight you give your conclusions on each factor. To not have a plan would suggest you don't consider the same factors every time, or you weight them differently today from yesterday. Of course...

If they trade differently off the same plan, its two different plans. Or else one doesn't have a plan at all?

Experience is crucial. But what factors has your experience identified as being important to a trading decision and how do you weight each?

What factors affect your decision as to which MA to give more weight to?

Its very wrong in trading.

Intuition is not joining two dots to make a line, that is logic. Intuition is taking one dot and making a line. Discretion is making a line out of "some" dots.

I don't go along with this. Gut, feeling, intuition and discretion are emotional responses to a situation. Along with a feeling in your water, or a vision, or that strange ache in the upper stomach when you're about to do something risky which you didn't think was risky. But if you can define...

Three of the scariest words in trading - discretionary, gut, feeling. Funnily, they don't come up much in trading plans.

It can be done, but the numbers of winners are so low, these could be just outliers surely? And I said "almost" impossible, as I know of winning daytraders myself.

I keep hearing that its almost impossible to make a living wage by day-trading. Also that long-term traders make more money per year than day-traders. I am told daily that day-trading forex is suicide and the market is rigged. Day-traders say its a terrible, lonely, boring, mundane and badly...

UK - For the individual - If you trade via CFD's you would be liable for Capital Gains Tax (but only payable if profits exceed the annual 0% allowance). Traded and binary options would be regarded as financial investments and would need to be declared as personal income. For a business - If...

Day or any trading via spreadbetting is counted as gambling and the gains are therefore exempt from UK Income Tax. The tax authorities have said so repeatedly and over a long period to my knowledge. The story is they don't want to subject the winners to tax as then these same traders could claim...

Living off your own resources without claiming benefits, while still paying indirect taxation through everything you buy, still paying local taxation and also for so many government services, is something to be proud of. Recognise that the SB firms pay tax on their revenue so in that sense SB is...

Its been said before that spreadbetters winning a "living" must pay UK Income Tax. I can't recall any one of these traders coming forward and saying so on a forum. However, there have been posts on forums that I have seen in which a trader said he had attempted to be classed as professional by...