How can you even claim that technicals matter?

[farmerjohn1324]

Joking aside, just stick to building houses...good money in that and you're putting a roof over peoples head too.

Trading is not for everyone but unfortunately some get a little extra money and think they can do trading as a side gig or something whenever they get bored.

You already made your decisions or come to your conclusions...nothing bad about that. Trading is just not for you.

wrbtrader

Last post I made before this thread was 17 days ago (seems a lot longer). Since then, I deleted all my trading apps and decided it wasn't for me and that it was just gambling. That it would be foolish to risk so much money on such uncertainty.

But I got drawn back into it looking at news recently.

 

[trdes]

Last post I made before this thread was 17 days ago (seems a lot longer). Since then, I deleted all my trading apps and decided it wasn't for me and that it was just gambling. That it would be foolish to risk so much money on such uncertainty.

But I got drawn back into it looking at news recently.

News is terrible to trade off of if you're trying to make a long term career in trading particularly day trading. How do you make a career out of trading on news? Sure, if you get the news fast and understand it, put on a big trade and you're correct you can make good money... that's a lot of if's and even if you get all of that right you're still now waiting for more news.....

Oh yeah that's also assuming the trade doesn't run against you first to your pain point before it goes in the direction you're expecting.

 

[Sekiyo]

Doesn't mean you do it every year. Doesn't mean it was "easy". I've trade a long time and have made >50% in a year only 4 times. (And I'm smarter than the average duck. Don't believe it, just ask me.)

I’ll make a journal soon about it.
How to steal topsteptrader.
x400 return in a year.

 

[farmerjohn1324]

News is terrible to trade off of if you're trying to make a long term career in trading particularly day trading. How do you make a career out of trading on news? Sure, if you get the news fast and understand it, put on a big trade and you're correct you can make good money... that's a lot of if's and even if you get all of that right you're still now waiting for more news.....

Oh yeah that's also assuming the trade doesn't run against you first to your pain point before it goes in the direction you're expecting.

Couple what you just said with the fact that news has been the biggest driver of markets. See the difficulty?

 

[trdes]

Couple what you just said with the fact that news has been the biggest driver of markets. See the difficulty?

I trade on what I know, not think . I certainly can think news is driving the markets, I genuinely don't KNOW. What I do know is what I use to trade off of and my experience is still working despite the larger moves in the markets. So, I just don't buy the news thing and even if I am wrong on the news driving the markets it isn't affecting how I trade.

Does that make sense?

 

[farmerjohn1324]

I trade on what I know, not think . I certainly can think news is driving the markets, I genuinely don't KNOW. What I do know is what I use to trade off of and my experience is still working despite the larger moves in the markets. So, I just don't buy the news thing and even if I am wrong on the news driving the markets it isn't affecting how I trade.

Does that make sense?

Give an example of something that you know.

 

[Scataphagos]

I’ll make a journal soon about it.
How to steal topsteptrader.
x400 return in a year.

That's BULLSHIT! you can make a THOUSAND PERCENT RETURN on a tiny amount of money... big deal... if you lose it all, it doesn't mean anything to you. Risk significant money.. like "all of what you've got + all of your mother's money"... and if you lose it all "you and your mom will be living in a cardboard box under the viaduct"... and tell me about those the results.

 

[SimpleMeLike]

Wouldn't this limit me to very short timeframes? Which I have no problem with by the way.

Correct, that is right. This could be daily, hour, or minutes. Or range or tick chart. I like the lower timeframes and short term daily moves for a decent profit. You really think I give a rat ass what caused the moves. I got better stuff to do. I have to manage the damn trade, manage my emotions, record in journal, get ready for the next trade. I ain't got time to be worry about what Trump did or some virus or the pro trader and all that bullshit, just give me a piece of the money man.

You do not have to know exactly where or when the market will turn, but know when you want to get on board when it turns.

 

[farmerjohn1324]

Correct, that is right. This could be daily, hour, or minutes. Or range or tick chart. I like the lower timeframes and short term daily moves for a decent profit. You really think I give a rat ass what caused the moves. I got better stuff to do. I have to manage the damn trade, manage my emotions, record in journal, get ready for the next trade. I ain't got time to be worry about what Trump did or some virus or the pro trader and all that bullshit, just give me a piece of the money man.

You do not have to know exactly where or when the market will turn, but know when you want to get on board when it turns.

Is there a good platform for trading mini futures that has little or no "bid-ask" spread?

I've found the spread gets in the way on short-term trades I've done on Forex.

 

[trdes]

Give an example of something that you know.

Sure, I know there's a lot of managers who manage a large amount of money who are not allowed to short the markets. I also know most retirement money cannot be short the markets. So, guess what? Even if markets go down I know (more than likely not 100%) there will be certain areas where people will buy large amounts of futures / stocks.

Why would they do that you ask? It's simple a lot of them get paid a management fee and it isn't THERE MONEY so they are happy to risk it.


Now do I just buy big dips knowing this? absolutely not there's many other factors and things that I use. But there's just a small example.