Dude, Are you still trying to trade trends?

[Trading Education Buyer]

So 2-3 trades a day on average. Yesterday I was mostly just waiting, but today I am more busy as the holding times are shorter.
I have no problem with waiting to get in or out, because I know that the alternative will cost me money. So I learned quickly. Not being patient damages my account, so I have no other option then to do what I have to do. Which is most of the time: wait.

what is your percentage of longs/shorts?

Long traditionally do better on s and p , market is long investment biased.

Have you traded german 30 dax ?It is more volatile and trendier.

 

[Mtrader]

what is your percentage of longs/shorts?

september so far:
number of trades:57% of trades are long, 43% are short
profits of trades:53% of profits are long, 47% of profits are short
I don't watch these stats anymore. Trade long enough to know now already where it will go in future.

Have you traded german 30 dax ?It is more volatile and trendier.

No, trade ES because of volume available. Can make more money then I need. Look for balance between living for working and working for living.

 

[Jamie J.]

People like trends and everything connected with them. One goes away, another comes. The main thing is the skill to make money with the help of this.

 

[MarketAddict]

Bar patterns and price action are huge for me. !

Same here.. When price hits my level, I only enter if I see a certain pattern (I have three that I like ).

 

[SunTrader]

A sucsessful trader is ... a successful trader.

And doesn't bother concerning themselves with how someone else defines what a successful trader is.

 

[Xela]

There's nothing wrong with trading trends, but when you make that your primary weapon, then you will most likely never become a full time trader.. Why? Because trends are just one way the market behaves..

It's the word "because" that causes the problem there, I think.

The fact that trends are (undeniably) just one way the market behaves simply isn't a reason for trend trading preventing anyone from becoming a full-time trader.

It doesn't make any sense if you only do good with trends and don't do good when the market ranges.. All of your profits will disappear when the market is choppy..

Only if you trade when the market's choppy.

One doesn't have to.

One can simply trade another market/instrument instead.

Or wait patiently - most markets are trending about 15-20% of the time. It's not that difficult to find something that's trending, and trade it.

(I'm not entirely a trend trader, myself, for what that's worth, if anything: I'm just questioning the logic of your assertion, here.)

 

[MarketAddict]

It's the word "because" that causes the problem there, I think.

The fact that trends are (undeniably) just one way the market behaves simply isn't a reason for trend trading preventing anyone from becoming a full-time trader.





Only if you trade when the market's choppy.

One doesn't have to.

One can simply trade another market/instrument instead.

Or wait patiently - most markets are trending about 15-20% of the time. It's not that difficult to find something that's trending, and trade it.

(I'm not entirely a trend trader, myself, for what that's worth, if anything: I'm just questioning the logic of your assertion, here.)

I hear you, but I don't think people are getting what I'm trying to say here... I notice most people don't know when the market is about to chop until they are losing their money.. Been there done that.. Don't believe me? Go search the internet.. There are a lot of people having problems knowing when the market is about to chop... I can glance at the chart and I know when the market is about to chop... Because I consciously trained my brain to look for it..

This is why I'm trying to introduce something that no one hardly talks about.. I'm telling people instead of trying to just focus on trading trends.. Also study how a range market works.. But not just ranges.. Reversals , breakouts and consolidations too.. Because when you are in a trend, there are signs that will tell you the market is about to reverse.. Etc..

 

[manstein]

There is always an asset trending

There are hundreds of thousands in the world...you know

The world of trading does not end with the SP500 or the EURUSD

 

[SunTrader]

And trends by their very nature last longer which means you - don't have to call a top or bottom to profit. They happen less frequently but are more predictable, relatively speaking, when they do.

 

[Trading Education Buyer]

Too many words.

Instead just define the trend as the price movement between support and resistance.

isn't that a ranging market ?every time it makes a move , it un trends and chops out trend trader