Do daytraders profit everyday? Or are they like me: one huge win one day, 10 losses in a row after?

[qxr1011]

Trying to make a regular income is what keeps killing me

one can look at regularity as one withdrawal in a quarter

 

[Scataphagos]

it does not

Yeah, I get it. You're the exception.

I should have stated, "for most of us".

 

[qxr1011]

Yeah, I get it. You're the exception.

I should have stated, "for most of us".

r we talking about me already?

what a miserable habit: trying to switch from discussing the subject to discussing your opponent

 

[Scataphagos]

r we talking about me already?

what a miserable habit: trying to switch from discussing the subject to discussing your opponent

YOU are talking about you, that's for sure.

 

[qxr1011]

YOU are talking about you, that's for sure.

good bye

 

[schweiz]

No one profits Everyday, to profit every day...is to imply you have 100% sure-fire prediction/trading/management skills. Which is, of course, ridiculous and fictional.

Wrong. If you do several trades a day you don't have to be 100% sure. You can recover a loss in another trade the same day. Total profits of the day should be bigger then total losses of the day. That's all.

Showing a profit everyday, is not that difficult or impossible, however. -- If you are open-minded enough to realize a turn or reversal and ride that big wave, Boom...your relatively tiny loss has disappeared,

1. Trading for the bigger moves implies that sometimes you give back a smaller profit and turn it in a loss because you want the big moves, but the big move does not occur.
   
2. Trading the big moves is more difficult then making small profits.
3. The number of winning trades is higher when trading for small profits.

Because of these 3 things I noticed, my strategy is a follows:

• I go for the big moves. That's where the real money is made.
  
• If I take a loss I switch to the small moves till my loss is recovered.
• Because my number of winning trades while trading for small profits is much higher, my risk is lower and I recover easily my losses. But in several, smaller profits.
  
• If I would continue to trade the big moves and get hit with a second (consecutive) loss, it becomes much more difficult to recover.

In this way I normally recover all losses within the same trading session, so ending without a losing day. Over 80% of my winning trades are big moves; less then 20% are the "smaller recovery from a loss" moves.

 

[schweiz]

80% of your profits come from 20% of your trades.

Just checked for last week: 80% of profits came from 58.88% of my trades.
So not 20% at all. Had no losses last week, but I think 80% of my losses come from less than 10% of my trades.

 

[Scataphagos]

Just checked for last week: 80% of profits came from 58.88% of my trades.
So not 20% at all.

Well.... Excuuuuuse Me! (One week?)

 

[schweiz]

Well.... Excuuuuuse Me! (One week?)

That's all info I want to share.
Others weeks, months will be about the same.

I don't believe in KISS, and I know why. That explains also why we have a different opinion. We have different results.

 

[Scataphagos]

That's all info I want to share.
Others weeks, months will be about the same.

I suspect that if we gathered data from lots of traders, "80/20" would be more the norm.