. If I would have listened to garbage like that I would have been stuck being a loser for the rest of my life. Which is probably your case.Quote from emg:
More than 90% of small traders lose. They just lose!
Day trading is losers game
- Thread starter oilfxpro
- Start date
I have finally found an article which really sums up day trading.It is well worth a read.Day traders are doomed for failure.
http://www.rb-trading.com/article10.html
However, even trend-following tools that work in intermediate to long-term time frames won't work in day trading. This is because the trend component is so very small in short-term data that you must use a highly effective method to overcome the costs of trading.Tradeable trends do not show up often in the very short term. They certainly are not present every day. That is why the person who tries to day trade at least once every day, and perhaps even more often, is doomed to failure. The more often you day trade, the more likely it is that you will be a long-term loser.
http://www.rb-trading.com/article10.html
However, even trend-following tools that work in intermediate to long-term time frames won't work in day trading. This is because the trend component is so very small in short-term data that you must use a highly effective method to overcome the costs of trading.Tradeable trends do not show up often in the very short term. They certainly are not present every day. That is why the person who tries to day trade at least once every day, and perhaps even more often, is doomed to failure. The more often you day trade, the more likely it is that you will be a long-term loser.
R-MESA
10 yrs + top rated by Futures Truth.
The exact same multiple trends exist in all time frames. Goes to show that one mans mathematical proof of failure is another man's mathematical opportunity.
I could show the logs of how I called a switch from a 30 second trend to a 2 hr trend last week, but then that's impossible, or it's just a fluke.
10 yrs + top rated by Futures Truth.
The exact same multiple trends exist in all time frames. Goes to show that one mans mathematical proof of failure is another man's mathematical opportunity.
I could show the logs of how I called a switch from a 30 second trend to a 2 hr trend last week, but then that's impossible, or it's just a fluke.
Think about it: if 80% of trends fail, it means market generally does what? Right, ranges... So now what stops you from day trading reversals based on this valuable information, huh?
P. S. Actually intraday trends are just as great as multi-day trends, they indeed happen not often, but when they do, they provide excellent profit opportunities.
P. P. S. Stop reading someone else's B. S. and just WATCH the stuff yourself until you see the reality.
How can a trend fail? It's impossible. Logic says if it fails then it was not a trend OR it was a trend and has completed it duration and that calls for a reversal.
If you expect it to continue forever then of course it fails.
A trend can change: it can reverse - a new trend can set up, but it is a misnomer to say 80% of trends fail. This is seriously poor trend reading.
When you start off with the wrong assumptions of what a trend is you soon get the results to prove what you believe. For over 10 yrs R-MESA proved cyclical trend analysis worked and Futures Truth confirmed the results throughout that period.
The exact same trends are present in all time frames even below 1 min. A 1 min TF cannot control a 1 hr TF, but when both line up then the 60m TF becomes the master trend. Inside this the 1 min TF the trend will change many times but the master trend is up.