only for losers
thanks for paying for the cupholder in my boat btw....if you blow up another account, do it before june, I gotta get some things.
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Day trading is losers game
- Thread starter oilfxpro
- Start date
only for losers
thanks for paying for the cupholder in my boat btw....if you blow up another account, do it before june, I gotta get some things.
Quote from RCG Trader:
That's just the point, FX does not have those kind of crazy Swan events.
If you get caught on the wrong side of them, yes, but there are measurements you can take to limit your losses. However if you are on the right side you can ride comfortably for large gains.
Considering the above, don't see problematics, but merits.
Unless your strategy is to average down in such instruments not sure, you arent being very clear, could you please expand?
Quote from FreakofNature:
If you get caught on the wrong side of them, yes, but there are measurements you can take to limit your losses. However if you are on the right side you can ride comfortably for large gains.
Considering the above, don't see problematics, but merits.
Unless your strategy is to average down in such instruments not sure, you arent being very clear, could you please expand?
Averaging down is an option, but you must have a very wide capital base to do this correctly.
In stocks, these corrections often come pre or post market where liquidity is thin and if you are on the wrong side, you are screwed.
As far as being on the right side, if you go back and look at Swan events, usually they occur in a technical environment that does not alert the trader to the existence of a problem until it is too late.
Anyone can post Swan event charts, and there is almost never any indication of a problem, until you have a problem. This does not go on in FX. Even when the central banks get involved.
Quote from RCG Trader:
Averaging down is an option, but you must have a very wide capital base to do this correctly.
In stocks, these corrections often come pre or post market where liquidity is thin and if you are on the wrong side, you are screwed.
As far as being on the right side, if you go back and look at Swan events, usually they occur in a technical environment that does not alert the trader to the existence of a problem until it is too late.
Anyone can post Swan event charts, and there is almost never any indication of a problem, until you have a problem. This does not go on in FX. Even when the central banks get involved.
There are custom indicators which show you the right side of the market, so there is no need to average down ,just average up .
I don't trade currencies, so I won't pretend to know. But I didn't think any market was immune from significant and unexpected events that would be characterized as black swans.Quote from RCG Trader:
...Anyone can post Swan event charts, and there is almost never any indication of a problem, until you have a problem. This does not go on in FX. Even when the central banks get involved.
Quote from oilfxpro:
You don't have to be precise or accurate on forex .
So you mean if I put several charts and some of them were Fx and the others were stocks, you'd know the difference if you couldn't see which were which. After all if they behave differently and the Fx charts don't require as much precision or accuracy, telling the difference would be a piece of cake.
I'd like to see the proof of this theory as it sounds like a losing day traders fantasy. I hear this all the time about different markets and also that it's all noise on the 1m chart so stick with the big time frames, but no one ever seems to want to prove how accurate or precise or factual their reasoning is.
Wanna step up to the plate?
It's like saying day trading is a loser game, therefore you'd know an intraday 1min chart from weekly chart because somehow the rules are different for each time frame. You'd be a loser if you can't tell the difference between a stock and an Fx chart or a weekly and a 1 min chart. Huh?