if you can understand Brooks which 99.9% don't then you will be a King like Brooks
Finally learnt to swing
- Thread starter padutrader
- Start date
So you are going to go from not being able to make a consistent profitable day to being the greatest trader ever in 6 months?
Are you taking drugs or do you have brain damage?
That sums up my scalping experience too. So I have been paper trading for the last six months to learn how to limit those one big loss every 20 trades.
As a result I am going shorter and shorter time frame. Soon I will become a HFT competing against those supercomputers.
Please give him a break. He didn't say he was going to make money, just want to be the greatest trader ever.
Me, I am doing the same, I want to be a good paper day trader, super paper scalper.
Being the best trader ever and not making money sounds like it shouldn't be mentioned in the same sentence.
That sums up my scalping experience too. So I have been paper trading for the last six months to learn how to limit those one big loss every 20 trades.
As a result I am going shorter and shorter time frame. Soon I will become a HFT competing against those supercomputers.
Shorter time frame or shorter holding time?
What is your definition of "the greatest trader" and how will you even measure it? That in itself, which sounds to me like you're just a pompous jackass, tells me that you will never make it.
Like I said above, a wise fool doesn't only talk. He walks the talk. You need to do the same. Currently, you're just all talk.
Padu,
Being a great trader is not really a big deal. Many of us have had those spurts of good performance sometimes running into months. Now, I don't trade very often. I don't need to. Your definition of swing trade is still a very short time frame. Maybe the firm that you trade with, is forcing you into such a time frame. Padu, try buy and hold strategy with good stocks. Indian markets are in a sweet spot. I am myself doing that. I don't visit this site often these days. This week, I came across a person who retired about two years ago and put in all his retirement fund into a fundamentally well researched stock and the magic he created is impressive. Day traders cannot match such a performance because of transaction charges and taxes. I documented that story here:
https://compellingstocks.com/2024/0...-patience-from-the-mazagon-dock-analyst-call/
BTW, Padu, you wanted to come down to my office. Let me know when you are free during weekends.
Being a great trader is not really a big deal. Many of us have had those spurts of good performance sometimes running into months. Now, I don't trade very often. I don't need to. Your definition of swing trade is still a very short time frame. Maybe the firm that you trade with, is forcing you into such a time frame. Padu, try buy and hold strategy with good stocks. Indian markets are in a sweet spot. I am myself doing that. I don't visit this site often these days. This week, I came across a person who retired about two years ago and put in all his retirement fund into a fundamentally well researched stock and the magic he created is impressive. Day traders cannot match such a performance because of transaction charges and taxes. I documented that story here:
https://compellingstocks.com/2024/0...-patience-from-the-mazagon-dock-analyst-call/
BTW, Padu, you wanted to come down to my office. Let me know when you are free during weekends.
both.