Any Day traders here?

tiddlywinks said:
The kitchen is on the first floor. :D
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And that is good for the health...as I do 30 odd flights of stairs a day :D. But it's that nasty devious fridge lurking in the corner of the kitchen that is the REAL problem...with it's nice cold beers :mad::caution::banghead:
 
SunTrader said:
Markets looove those who never lack confidence.
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%%
:caution::caution: Bankruptcy lawyers do 2;
but my comment = general + its free for all.
I figure most above average businessmen+ business women blew up or ground down an account to zero [or less LOL]= 2 @least once.
The hardheaded + slow learners keep doing it wrong;
b lawyers love their business LOL:D:D
 
PPC said:
Obviously, mindset used to my issue as well. What changed was that I began to trust myself and I kept my position sizing at a level which would not affect my objectivity. If you get FOMO, then you’re trading your emotions and not your strategies.

I do find intraday trading the equity markets psychologically relatively easy, but FX much harder. (I use different approach for FX than for stocks, because they trade very differently)

If I daytrade more than six FX pairs at once, then I can start missing some subtle PA clues.

If I focus less on PA reading and focus more on just trading setups across multiple pairs/TFs mostly in isolation then I need to accept lower win rate.

If I focus more on PA reading and thus focus on less pairs, it allows me to know the PA of those few pairs on higher TFs in more detail and thus this approach has a higher win rate.

Mixing the two approaches doesn’t work for me.

When it comes to day-trading, working within your own circle of competency is key.
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Stocks are slow and steady with limited opportunities, they drains my energy. Fx are so better than stocks with way more opportunities and volatility. What's your strategy if may I ask?
 
Traderwithnoname said:
Stocks are slow and steady with limited opportunities, they drains my energy. Fx are so better than stocks with way more opportunities and volatility. What's your strategy if may I ask?
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Hmm. I'd say it's mostly the other way round with volatility..then Indices/commods..then Forex least volatile.. maybe u r taking much larger positions on Forex compared to other instruments?
 
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I don't trade fx but I have been keeping my eye on, mostly on gold. I'm more of a scalper but don't mind holding my winners. What do you trade and for how long? There are many traders who made big with stocks but they mostly are swing traders.
 
Ricky Roma said:
Hmm. I'd say it's mostly the other way round with volatility..then Indices/commods..then Forex least volatile.. maybe u r taking much larger positions on Forex compared to other instruments?
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I don't trade fx but I have been keeping my eye on, mostly on gold. I'm more of a scalper but don't mind holding my winners. What do you trade and for how long? There are many traders who made big with stocks but they mostly are swing traders.
 
Traderwithnoname said:
I don't trade fx but I have been keeping my eye on, mostly on gold. I'm more of a scalper but don't mind holding my winners. What do you trade and for how long? There are many traders who made big with stocks but they mostly are swing traders.
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Uhhh Gold is a commodity.
 
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