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Trading is easy: BLASH and SHABL...

I have been trading Forex consistently profitably for some time now and even if I have a very high rate of winning trades vs. losing ones I only use a small part of allowed leverage (max 5x of the 40x I have available). Why is that? well, using leverage is very dangerous since if you can easily...

Yeah, the horny beautiful woman would be a great help, in any sense! so, let me requilify my previos statement: it is very hard and painful journay that that may bring the aspiring trader into consistent profitability, no doubt about that. Moreover, most will fail, part because they do not do...

H, I agree with you, emotions screw the trader all the time, but then, I have found my own way around that. My Trading ways could probably be improved if I would get out of bad trades , if I used stops (I do not, usually) or if I had the constant discipline and attention to do the right thing...

Discipline is easy enough once you know what you are doing when you trade, at least that's my story...

RN, as it has been said many times over in this thread and in others, you need to Not be a gambler to trade, meaning that when you trade you gamble but if you have a gambler attitude you are screwed as you will likely behave like a gambler! I also agree with you that you need to let go of the...

well, if done properly you can profit even being on the other side of my trades, that's the beauty of the obvious...

K-Pia, as I was saying... figure out your own way to exploit this, that may include robust risk management, as it may include many other things, things different for each trader.

well, there is one very obvious thing price do all the time, over time, in any time frame... figure out your own way to exploit that and you will start making money consistently, it is as simple as that...

Man, I am sorry but you have a long way to go... my 2c: trade high volume stock that have at least 50c ADR and cost more than 20$, keep the Stop wider (I do not use hard stops) and look at D TF and 30M TF but trade 5M TF...

I hope you are asking just to provoke and are not serious... a 5 years old child should be playing with Lego not trading

RR, as said by many others setting a daily target may distract you from the process and get you into Greed/Hope/Fear mode which is the death of most traders. So, my humble advice is focus on your process and leave the daily target for after trading statistics. This said, on average anything...

ET, I agree with only the first point you made: to be a successful trader you need very strong motivation. as for prop firms, unless you retail trade with M$ you will not be able to trade like them (though you may get some insight on what is really going on in the market). IMHO you can become...

BC, I totally agree and I have the F...ing proof, unfortunately! After a great couple of months trading with almost no day at a loss, went on vacation for 10 days, I came back and told myself: I need a few days w/o trading to get in synch with the market, unfortunately i did not follow my own...

Those who can't DO teach (or write books) this is the absolute truth about Trading. if you want to get even a small chance at being profitable with trading the fist thing you need to do is to throw away all your trading books and start from scratch. Find an instrument that gives you...

BC, I agree 100% with all J_S just wrote. I will just add from my experience that being consistently profitable is the key to make a good living with Trading as once consistency is achieved it becomes a matter of Capital and fine tuning to start making the good money. What I mean by...

TO, here my 2 cents: KISS always! focus on the process not the money trade small until consistency (even paper trading is OK if treated as real trading, i.e. applying the process) MTFA look at higher TF and trade the smaller ones so that you figure out where low and high (as they relate to...

Lylec, what 1% gain of capital daily average through day trading is not good enough for you? That's what I make and I still leave a lot on the plate so there is space for improvement...

Find a stock with ADR above 0.5$ and possibly above 2% of its value, spend a year or more observing PA for the stock (you may paper trade it if you want but the important thing is observation). Once you are able to anticipate PA with a good (would say more than 70%) rate. Start trading (BLASH...

Thanks RN Don't spread that around - some think you're nuts / spreading bullshit You are probably right... I'm not one of them of course A caution - don't focus on the results - keep your attention on the process & routine - on managing each trade..., independently of all other trades - on...