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Neither is any good and is too high risk for most people. I would advise long-term TRADING off daily charts. Be prepared to hold overnight obviously but also across several weekends. Therefore target selection is important.

Maybe if I'd done the same as Warren Buffett I'd have as much as warren Buffett. But that would exclude me from trading.

Point is, he is not and was not a trader, he's an ex-stockbroker who became a businessman. He didn't become rich and well known being a private retail trader trading his own money on financial derivatives while working a horrible full-time job out of some cr@p little local council's offices...

Not in my experience. These are smart, experienced and well educated guys (sorry female traders, generalising, but the ratio of male:female in these sectors is maybe 20:1) but everything they have absorbed from infant school onwards makes for a bad preparation for trading. (same can be said for...

Like what you say about there being posters who don't actually trade. We must all know that some posters just have to criticise others to feel good about their sad selves, some have to brag about how good they are. But maybe some are simply spewing nonsense they've heard from their dumb...

Not saying you're wrong in principle but I just live for the day when I can go online on a traders' forum and DON'T hear the name Warren Buffet.

At current price, there's a short but strong uptrend into an ascending triangle which should therefore become a continuation upwards. But this is more of a pattern trade than a trend-following trade. Its there but I wouldn't take it as doubtless there will be better opportunities at this minute...

Hedge fund managers lose business when individuals know how to trade their own accounts. I don't see that what a hedge fund manager says should be trusted by traders.

Certainly harder for engineers and scientists. All the ways they learned of being good engineers and good scientists are opposite to being a good trader.

No, a forum is like a market, like an exchange. You give something, you get something else in return. Supply and demand. What a new trader demands is the supply of information to help them trade. What an experienced trader demands is more detailed knowledge of finer points of trading I suppose...

There's no trend. I would stay out.

Considering you started this thread 18 days ago to get some help and guidance, you don't seem very keen to discuss what you're doing. Fair enough, its no skin off my nose. Good luck.

Part of the function of a forum is helping the community of users to trade better. So, a good answer to your question would be, Yes, help them trade better.

If true that's pitiable. Why not you commit and take part? you might have some fun but just as importantly you might learn something useful.

I still think this is a terrible job. Day-trading your own account might or might not work for you, it doesn't for most people. But at least you'd avoid all the BS of a horrible job.

Actually, they do. You might have to give a little, maybe it takes a little time, but they do. with all due respect to you and all the successful traders using the forum, pretty much every strategy imaginable has already been tried and used, so giving away a little part of a personal twist on it...

No, its really dumb.

I kind of agree - its nobody's business how much I make and I don't care how much they make. I don't respect the shrill calls for posting "live trades" and account statements. But its interesting to learn how people do what they do: some things they do could actually be good for me too.

My argument is it lets me take plenty of opportunities at low risk. What I mean is I only make trades off daily charts, finding that the constructs on these such as range boundaries, channel boundaries, support and resistance, trump those on 4H, 1H or lower. Of course lower and lower and lower...

Trends are inherently reliable compared to most other chart patterns. R/r is readily improved in a trending position by pyramiding, something which would not often be possible with a ranging position (or any other chart pattern based trade, unless it happened to evolve into a trend). Pyramiding...