Attention day traders

SimpleMeLike · Jun 18, 2018

met1989 said:
how low is the s p going today?

met1989,

I have no idea on earth how low its going

schweiz · Jun 18, 2018

met1989 said:
how low is the s p going today?

I don't care, I just follow the trend. I am trading to make money, not to guess. For guessing I go to a casino.

While you were guessing how low he will go, he went up +15 points.

met1989 · Jun 18, 2018

OptionsOptionsOptions said:
When it hits your stop.

Then it reverses without you.

real traders don't use a stop loss

met1989 · Jun 18, 2018

schweiz said:
I don't care, I just follow the trend. I am trading to make money, not to guess. For guessing I go to a casino.

While you were guessing how low he will go, he went up +15 points.

so the trend today was up or down?

met1989 · Jun 18, 2018

u

tommcginnis said:
We *all* prefer a number, Jonesy. Where's yours?

(At any rate, this is global event-following. We follow the DAX. The DAX put in a bottom at 8am.)

Ooop!! Clarifying edit: "We follow the DAX by half its relative change." So, at this moment, the DAX is down by -1.63%, I would expect the SPX to be down by -0.81%. As we're down by -0.56% and rising, I would expect the DAX to rise, or for U.S. to resume slide after Euro-close in ~1 hour.

see its not even close to what the dax did

schweiz · Jun 18, 2018

met1989 said:
so the trend today was up or down?

I had to go long...

met1989 · Jun 18, 2018

U

schweiz said:
I had to go long...

were right

tommcginnis · Jun 18, 2018

met1989 said:
u
see its not even close to what the dax did

You're really lost, huh.

SimpleMeLike · Jun 18, 2018

schweiz said:
I don't care, I just follow the trend. I am trading to make money, not to guess. For guessing I go to a casino.

While you were guessing how low he will go, he went up +15 points.

schweiz,

I agree with you. I am just trying to make some money every day. That's it. All I can do is get on board whatever they market wants to do every day and try to make alot of money.

Handle123 · Jun 18, 2018

SimpleMeLike said:
schweiz,

I agree with you. I am just trying to make some money every day. That's it. All I can do is get on board whatever they market wants to do every day and try to make alot of money.

That is one of the "secrets" of trading is getting just consistent, when you find the signals you like best and you don't need many, get that losing percentage real low, then you can pile on size. What most day traders will believe is the getting in is most important, and after awhile, you can get in anywhere providing you can read charting well. Where you actually get in is matter of how much you risking based on back testing, but truly, if you do breakouts, you are expanding your risk and shortening you profit. Going up is way different than down trends as well, going up is more ragged cause more traders like to buy any market- so more fake moves, whereas many don't feel comfortable of first selling the market, but I always prefer selling than buying.