How can I improve my trading?

[zghorner]

Because you are closing a trade based on time lol for no other reason.

This is a smart statement...although some consider time stops to be highest in importance, Mark Fisher has made that claim.

I don't decide to sell a car just because it's Wednesday and the guy is offering me 1k less than I paid for it this morning.

meh, less so.

You can't blame day traders for closing by the end of the session. Most movement happens overnight so you eliminate gap risk by doing so. Not being able to manage your position for several hours sucks.

I think the heart of your argument is "day trading is stupid"...and that's hard to refute lol.

 

[DupontDu]

To overcome this, you must have a trading plan in place. It tells you what to do and what not to do. Your trading plan must include a detailed understanding of the forex market fundamentals like currency pairs and pips etc. Especially your risk management strategy and your entry and exit plan.

 

[ironchef]

All of the above...well what is day trading to you? To me day trading is 0 dtes so a totally different animal...if you are referring to day trading as in buying stocks and closing positions every day no matter what well then that's just the dumbest form of trading possible.

You misunderstood the intend. For me it is about risk management & control.

If I am not watching and managing my trade, I want to be flat.

 

[Concinnity]

All of the above...well what is day trading to you? To me day trading is 0 dtes so a totally different animal...if you are referring to day trading as in buying stocks and closing positions every day no matter what well then that's just the dumbest form of trading possible.

Come on man we already know 99% of traders and investors only know how to use time, account size/position size and natural bullish bias of major US equities as way to turn a profit. That's my slogan I repeat ad nauseam, but that doesn't mean those are the only edges out there.

 

[Ethan.ishere]

Focus on your own strat and keep going forward, it takes time to get there.

 

[Franziskaschulz]

The best I can say based on my experience is to try to simply learn from your mistakes and add what you have learned to your trading, and then you will see results.