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I prefer trend following though. But fade can be good for intraday.

Lettig winners run is key, but for your psyche you should take some profits and let some run till the trend reverses.

Go watch some Youtube channels on how to trade. "Trading with Rayner", "UKSpreadbetting" ,"Chat With Traders" and "Day Trading Addict" are some I follow. Start small at first. My mistake is that I started big. If you start small you will lose small and at the start you are going to make a lot...

All you need is 1) Edge 2) Risk Management 3) Risk Management 4) Risk Management 5) Risk Management Of course you also need the psychology and discipline to go through the drawdowns and stick to the system.

Shorting is difficult cause the timing needs to be very precise. Reward is also limited cause at most you can only get close to doubling in a trade but you risk losing it all if it doubles.

It matters. If a price moves certain way it will likely move in that direction for the future but it's not a guarantee. In trading, you just need that edge and money management to bring in profits and not have risk of ruin. For e.g. in roulette you have red and black and a green zero. Casinos...

$300k is definitely not enough to "retire". Even $900k is not a lot in this day and age and it's going to be worth lesser in the future due to inflation. Hope they do have a trading plan and are not one hit wonders.

He supposedly held the word record for the fastest annual gains in a year. He turned $13k to something like $2 million in a year and then proceed to turn it to $47 million or something the next year in the dotcom boom. No idea what is his net worth now though.

Code all your parameters into 1 strategy then use the optimized parameters for the best returns.

Same. My mother is negative but then I know this is what I want. If you want it that bad go get it and ignore the naysayers.

I have a system on the daily candle so far has been profitable for a few years. I used the same exact system on the minute candles. (I had back tested it to have an edge on lower timeframe too, but when I actually use it in real life I kept losing a lot). I know it could just be a very bad...

Most people say cut your losses but doubling down can be effective but you have to do it in very strong stocks/crypto.

You can't ever find the top, you make money getting the bulk of it. You can always sell incrementally rather than all in one shot.

The edge that you found is heavily curve fitted. Therefore you have to assume it is a much lower edge in reality. Also, nothing works all the time as movements of prices changes.

Dan Zanger only got famous when he is 47.

You will be surprised. I can't 100% prove that psychic abilities work to someone who is a skeptic since there is no way to quantify it. But from my experience, I have seen enough to feel there is a degree of correlation more than just sheer luck.

If you use big exchanges there is liquidity for the bigger coins and spread is thin. You can short cryptos. I think same logic as stocks. If there are some small caps that you flag as pump n dump run up 200-300% in a few days you can try shorting upon weakness. I think you can try swing, I...

Think of it this way. Prices trend because either of more demand or more supply. For e.g if prices are going up. More people are buying up the ask prices and sellers aren't taking the bids but are constantly revising their prices higher and higher. Thus buyers has to keep chasing and it pushes...

The limitation will be removed once you back tested your strategy extensively and know what to expect and you have experience from winning consistently.

Yes, I have experienced this. You have to be very very obsessed about trading to succeed. Like you live and breathe trading. Actually, this can literally be said the same for anything else in life. Seriously, only you yourself can change it and no one else. Anytime you want to revenge trade or...