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After all, what do you prefer - automated trading or manual trading? What trading strategies do you employ? (From your name, it seems you involve in scalp trading)

Yes, and it seems automated system cannot achieve such high percentage of succuess some manual trader may attain (eg 80-90% accuracy). The drawdown is thus larger. Another problem I could think of is flaws and bugs. If the system malfunctions, how seriously would it hurt us? If the trading...

Thanks scalper21 for your great inputs. Thanks to cashmoney69 too. One of the nicest thing I found in automated trading is it can trade 24 hours a day non-stop. I can earn money even if I'm sleeping. In addition, it's nearly effortless after you have developed your system. It is run...

Ditto. No one knows anyway ;)

steve46, thanks for your charts although I haven't traded this market yet! :)

Trading is just a probability game anyway. Who can switch the probability in its favour, with proper money and risk management, you will be the king of the market. :D :D :D

New ideas about sim trading The following is my TWO CENTS only. Read it as you own risks: ======================================================== I think most people will misunderstand or misinterpret the following for all sorts of reasons. Anyway I try my best to explain it. This is...

There must be a lot of misunderstanding or misinterpretations in the first few goes. It's just normal. Just like I may misinterpret your points too. Sorry about that! Anyway you have misinterpreted me too at least in 2 parts (although all should be my own faults of unclear elaboration): -...

...simple keystroke error! :( That's really a headache. I suffer from it once in a while. I heard one news which a prop firm entered an order wrongly (input error), resulting in a huge loss. It happened in the Japanese market. It is said the drop of NIKKEI 255 on that day is due to this...

You don't know me (personally). I don't know you either. I may or may not be a newbie, but that's not the point. The main point is, be objective. :D If the points are correct, then agree. If not, be calm and state the reasons. It doesn't matter where the points/posts come from. Even if...

I like saving more. The more you save, the more you invest. The more you invest/trade, the faster you get rich. * :D :D :D :D :D *: It's true only if you know how to invest/trade properly.

Some ideas: - analyse the market you are trading. Read chart by chart, and you may notice they have something in common before they break out. When you spot their commons, you are one step towards billionaire! :) - even if you can't predict the breakout, so what? Unless the breakout is too...

I'm the reading master! :D How many did I read? I don't know! Too many! Lazy to count! Neverthless, quantity of reading isn't always proportional to trading performance. :D

This statement may attract a lot of laughs. Just don't get too angry about that. But I do understand why newbie will say that. So you chose daytrading. Daytrading is one of the hardest part in trading, so you get the idea. for a newbie, daytrading may be the fastest way to lose all...

Here's my two cents. STOP TRADING if you are doing. A total newbie entering into a market is similar to engaging in a war unarmed. You are only waiting for slaugther! Actually you shouldn't treat trading as playing. Treat it as a business. You need to study hard before you run a business...

Does a long-time winner suffer from psychological disorders too? :D

Let me give mine first. 1) Probably no. Reasons: - risk/money management will help me out before the crash occurs or become serious to hurt every investor. - bears can be my friends too. I can, say, short stocks and dance with bears. 2) Risk/Money Management - Eg: if the drawdown goes...

Why would you trade OR invest in the market? Are you afraid of market crash (ie the deadly bear :D )? How do you manage to avoid such a crash from injuring you badly?

I get a picture, but I wonder if my picture is the same as others. That's the main reason of this post - to know each other opinion. Anyway, thanks for your post. :)

Yes, you are right. The "day" here should mean "trading day".