Day trading is losers game
- Thread starter oilfxpro
- Start date
LOL ... there are a lot of succesfull prop trader, they are daytrader.
"it was time to ask why is there no successful day trader in the popularity of George Sorros , Jim Symons etc."
because as a daytrader it is impossible to move thats much money as they do! for institutionals daytrader just moves smal amounts (lol smale like a few million$)
trading is more about controlling emotions and managing the money properly.
Keep the losses small,
let your profits run,
trade the trend,
have defined entry and exit criteria,
and forget about success ratio of your method.
These are the basic things that all of us know from day one of our trading but only 5-10% traders follow this, and those 10% are the rich guys who take home rest 90% of the money
keep it simple people
follow the basics, get your emotions out of it, and definitely you will experience better trading. It helped me, maybe helps you too
have a nice trading week ahead.
Keep the losses small,
let your profits run,
trade the trend,
have defined entry and exit criteria,
and forget about success ratio of your method.
These are the basic things that all of us know from day one of our trading but only 5-10% traders follow this, and those 10% are the rich guys who take home rest 90% of the money
keep it simple people
follow the basics, get your emotions out of it, and definitely you will experience better trading. It helped me, maybe helps you too
have a nice trading week ahead.
I have spent many years devising profitable systems .I devised an automated package of 44 different systems combined , the systems returns fell to a meagre 15 % in the last 3 years from 23 % over last 10 years. .The bucket shops with their requotes is where one could trade these automated systems , it is no good to trade with these bucket shops , so I stopped using them.
Based on my huge experience , I have devised a system which should and would work intraday .These systems run profits and cut losses.To trade the system , one has to be very quick to exit and calm enough to run profits , we achieved this by running two positions ,one for running profits and one for a small lock in.The system trades an average of 10 to 15 trades a day ,and relies on one or two trades to make the profit.The high number of trades ,the quick exits and re-entries ensure the fakes don't catch us out.I have seen enough fakes designed to shark feed trend traders.
We are as quick as the sharks and we are changing direction and going with the strength and market flow , above all we are following the sharks with quick exit strategy.
I devised the system based on my previous experience and knowledge of the markets.
I have seen the system make profit all week every day , where most other systems have failed.The more people follow the system , the more sharks get eaten , one hedge fund trader was more worried about the army of little guys slaughtering them.
People get all stupid about chocolate killing dogs. It's like us eating caffeine and yes it most certainly can kill you but people love it can't go without it yet a 10 gram dose (depending on your weight )is likely to kill you .
So yeah chocolate is safe for dogs in small doses and they love it just like we love caffeine in the morning to get going.