A Retail's Day Trading Experiment
- Thread starter ironchef
- Start date
I don't have the ability.
By the way after trying indicators for a few days, none worked with enough regularity to produce net profits. The time lags incurred too much losses due to out of sync triggers (entries & exits).
I am glad it was all paper trades.
%%
OH, now you tell us;
i was goin to put a good word in for occasional trade$.
Back to my metals business + 50dma trends.......................
Seldom happens, metals dealer sells a bunch of iron skillets, for real cheap,;
buys that iron by the ton cheap LOL .......................................................................................................
I don’t use any indicators. The logic is if any indicator works consistently like VWAP
then people will quickly start to use it making it useless again.1500 trades in 48 days sounds CRAZY.
This is like 30 trades each day
When i had a lot of trades it was because i was just trading "randomness" on lower timeframes. You try to make some easy quick scalps, but it's pointless. And it always ends up with just doing random stupid shit and missing the actual move.
You are lost in the noise. You need to zoom out.
Even you said yourself that you don't know if you have an edge... So you are just doing something random i guess...
You need to figure out what's going to happen and then trade that. You need a context/idea to trade around. If the volatility is very high, then lower timeframes are more likely to work as volatility by itself can be taken as a context. But this is a rare occurence.
Always prioritize context. For example you could look at the higher timeframe charts and see that we are in a massive bull market. And then if you were just buying, you would be more likely to win than lose.
You have to figure out the context - some say you have to figure out the "game" market is playing.
This is like 30 trades each day
When i had a lot of trades it was because i was just trading "randomness" on lower timeframes. You try to make some easy quick scalps, but it's pointless. And it always ends up with just doing random stupid shit and missing the actual move.
You are lost in the noise. You need to zoom out.
Even you said yourself that you don't know if you have an edge... So you are just doing something random i guess...
You need to figure out what's going to happen and then trade that. You need a context/idea to trade around. If the volatility is very high, then lower timeframes are more likely to work as volatility by itself can be taken as a context. But this is a rare occurence.
Always prioritize context. For example you could look at the higher timeframe charts and see that we are in a massive bull market. And then if you were just buying, you would be more likely to win than lose.
You have to figure out the context - some say you have to figure out the "game" market is playing.
what instrument do you trade, and Whats your Profit factor?
Averaging $3 a day is too low to make a living. With that and most of your day is winning day smell even more trouble to me.
Averaging $3 a day is too low to make a living. With that and most of your day is winning day smell even more trouble to me.
1500 trades in 48 days sounds CRAZY.
This is like 30 trades each day
When i had a lot of trades it was because i was just trading "randomness" on lower timeframes. You try to make some easy quick scalps, but it's pointless. And it always ends up with just doing random stupid shit and missing the actual move.
You are lost in the noise. You need to zoom out.
Even you said yourself that you don't know if you have an edge... So you are just doing something random i guess...
You need to figure out what's going to happen and then trade that. You need a context/idea to trade around. If the volatility is very high, then lower timeframes are more likely to work as volatility by itself can be taken as a context. But this is a rare occurence.
Always prioritize context. For example you could look at the higher timeframe charts and see that we are in a massive bull market. And then if you were just buying, you would be more likely to win than lose.
You have to figure out the context - some say you have to figure out the "game" market is playing.
That has been my experience too. I tend to do lots of small scalps with wins and losses and usually end up breakeven overall. There’s no true edge in it. Got to have some real edge to do consistent big wins (and inevitably small losses) to make real money. But that’s easy said than done. Often I got out of big winners way too early, either I couldn’t wait or I got shaken/stopped out by the market.
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Better late than never sir.%%
OH, now you tell us;
i was goin to put a good word in for occasional trade$.
Back to my metals business + 50dma trends.......................
.......................................................................................................
Maybe I should go back to your 50dma and 200dma. But but, it is difficult to wait 50 days when I trade with 1 min charts.
I trade stocks, individual names only. On average, 0.4% profit per day.
I only used ~ $1K per trade and only 1 trade at any time, sequentially. Mental stop loss is < $5 each trade.
Your third point, I agree.
I don't think I have any edge. It smells more like a type of "Martingale": like in a coin toss, I have a 50/50 of getting head or tail. If I stop everyday after a net positive head or stopped after X tosses, it duplicates my results.
%%Better late than never sir.
Maybe I should go back to your 50dma and 200dma. But but, it is difficult to wait 50 days when I trade with 1 min charts.
OK;
50 + 200 are just starting points.
I dont wait 50 days in metals business also
Looks like you are already ahead of ''the never loses LOL'' PT Barnum system buyers
