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yes..the hard part is accepting how silly you have been for all those years..chasing elusive edges and downloading every trading pdf under the sun..to eventually discover..by experience..that 99.99% of it is pure bull..and the other 0.01% is skill :)

I don't think so..the more things you look at the lesser your concentration..the only valid reason I see to trading different markets is different time zones..eg..Dax and Hsi..but even they normally follow the US financial futures..the ES is the main one..which makes it the hardest.. easily seen...

the entry criteria is much more important than the exit criteria..much better to win $100 than lose $1,000 anytime..so..we are now getting somewhere..as after risk management..we have identified entry criteria as the next most important thing..seems real easy does it not!

your real edge is to be debt free..owe nothing to anyone..be retired with a pension..and have some money saved..or access to money belonging to close relations with whom you have a good relationship and trust the next requirement is to never be in a hurry to make..or more...

no matter what you think you know..the reality is that there is a lot of luck involved..you could make 10 winning trades in a row..in fact I had much more than that in the past..had more than 50 without one loser.. thought I knew it all..so decided to make more..like your $5k a day..then .the...

that sounds like a bit of luck..which of course happens a lot..but..which will eventually lead to that big loss..more than once..again..how do I know this..been there and done that most seem to forget that the only way to make money is by trading..talking is great but will not make you any...

the best narket to trade will always be the one that poses the least risk to your money..whilst volatility can make you money very quickly..unless you are disciplined and experienced..then it can lose you much more than you make even quicker..how do I know this..cause been there and done that...

is that trading with real money or sim..if sim trading then ok..if real..what is the % value of commissions to profit!

what was I thinking..how silly of me..after all..how can your posts be wrong..you are not silly :)

no matter what you trade it is wise to look at the big picture..set your rules based on the bar charts..do not break the rules for any reason..the tricky but is timing the entry to give you a low risk trade..which is easier to do by using multiple charts

if you really want to make some money trading then you need a solid plan..which involves adequate cash.. adequate market/s..tested approach with a little sim then live trading with small size at first..if one has all this then 6 months to 1 year should suffice..providing the person sticks to the...

yes..have a think about it..what matters most in relation to a low risk entry..forget about winning for now..if one can get enough low risk entries during the day..then..making money will follow..do you agree?

overtrading for one reason and one reason only..make some money to supplement retirement income..and..to keep the brain active after risk management..the most important thing is discipline..easier said than done..which is why I am waiting for the micro e-minis next month..I know only too well...

you should team up with tradergod..it really is amazing how human behaviour keeps repeating over and over..doing the same old dumb thing day after day..and then they wonder why they really get nowhere..as I said..cannon fodder to be maintained at any cost..and boy have they done a good job of it!

what planet are you from tradergod..would it be a place called cloud cucko land "some people never learn"!!!!

it is a big part of it..but there are other parts also..no experience..naive..bit slow..lazy..easily led..and so on..but I have to agree..a dumb ass trader with good risk management can make money..once he keeps his bets small and learns from his mistakes..adjusting his entries and exits until...

you sound like me years ago..and..fwiw..I made some good money..but just gave it all back again..many times over support and resistance. .yes..definitely..as for the rest..not in my book anyway candles..bar charts are better I think..there is a reason why and it has to do with something called...

I have to agree with you here..intuition should not be allowed when trading.. it's a numbers game..simple maths..but the powers that be put every obstacle in the way so that cannon fodder is maintained..at any cost! an inexperienced trader..with good discipline and good basic math skills..can...

to daytrade the ES is not easy..you are competing against the best trading professionals in the world..who spend millions on algo programming ( remember it is not their own money which is why they can do it)..so..in order to try and get a slice of the cake..or maybe a few crumbs would be more...

you need to up that to a $30k account with another $5k in reserve..then it is possible to daytrade some US stocks effectively..as with any market..timing is everything!