Day trading is losers game

Quote from Visaria:

Other way around, you should look towards making money in longer term time frames and only if you are successful, look at shorter time frames. You'll probably realise you don't want the hassle.

This is only a generalisation, if somehow you are the new Marty Schwartz, then sure go ahead and trade v short term.
More...

I'm trying it right now, scavenging longer-term trades ... so far only costing me money by turning sooner than anticipated. I need to watch all the time and be able to react to every turn to be profitable, it seems.

When trading longer term I aim for the big move; when scalping I take profit at the first sign of topping. The latter works better for me so far.

I can try still longer timeframes though; patiently waiting for the right chance and setup. AAPL for instance; should be a nice long after it bottoms around 540.
 
Here is last weeks price action.All the trend moves were sudden and single moves, most trend traders would have missed them or gotten chopped out.

Here trend trading does not work.
 

Attachments

Quote from oilfxpro:

Here is last weeks price action.All the trend moves were sudden and single moves, most trend traders would have missed them or gotten chopped out.

Here trend trading does not work.
More...

So what's your point???

The thread I thought was about u trying to make a case on why day trading is a loser's game??? You've done nothing to bolster your case with this meaningless post.

Day traders will spot these short term opportunites to make nimble profits up and down with these swings.

Keep looking oilfx...
 
Quote from Riffraffpatrol:

So what's your point???

The thread I thought was about u trying to make a case on why day trading is a loser's game??? You've done nothing to bolster your case with this meaningless post.

Day traders will spot these short term opportunites to make nimble profits up and down with these swings.

Keep looking oilfx...
More...

Small profits in high volatility will result in stops getting hit faster than take profits.To have small profits ,one must have smaller stop to make be profitable , and smaller stops get hit more frequently and it messes up positive expectancy.This is not good for the psyche,discipline and emotions of the trader.

Those image shows hardly and major trends , most of those obvious trends break down in a few pips.

If I was selling trend trading courses ,I wouldn't want people to believe they don't work.:D
 
Quote from oilfxpro:

Small profits in high volatility will result in stops getting hit faster than take profits.To have small profits ,one must have smaller stop to make be profitable , and smaller stops get hit more frequently and it messes up positive expectancy.This is not good for the psyche,discipline and emotions of the trader.

Those image shows hardly and major trends , most of those obvious trends break down in a few pips.

If I was selling trend trading courses ,I wouldn't want people to believe they don't work.:D
More...

That's why u only enter on high probability, high profit potential (relative to risk...ie stop loss distance) low risk trades. It's not rocket science...
 
I could be wrong but we look at most of the big success in trading markets most are not day traders. Does market wizards have any day trader interviews?
 
Quote from luckyluciano:

I could be wrong but we look at most of the big success in trading markets most are not day traders. Does market wizards have any day trader interviews?
More...

Several.
 
You must log in or register to reply here.
Back
Top