Btw you're not wrong. I've been trying to fast all weekend lately, saw a version of this which piqued my interest.
How much do you aspire to make per year trading
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Btw you're not wrong. I've been trying to fast all weekend lately, saw a version of this which piqued my interest.
No time like the present to try it.
Yeah I did it last weekend and a couple of weekends before that. It's actually not hard once you pass the "I usually eat here" time +2-3 hours and possibly sleeping. For me, the best time to start the 48-ish hour fast is Saturday night because I can easily skip eating Sunday, then Monday I'm busy till market close anyway.
The first time I did it, I was actually very surprised how not hungry I was by day 2.
Here is the all important question... Did you consume any liquid carbs during that time? I.E. beer?
Just water. Why cheat myself lol.
Excellent!
Someone asked about specific trades, it's probably more useful to talk about how to think about trading.
My idealized philosophy is as follows:
1. I don't have enough money to move the market (corollary: my job is to figure out what those with money are doing)
2. I have the luxury of not being in the market all the time
So if you look at this 5 minute chart on ES1, you can see I've drawn a simple OBVIOUS line of support/resistance:
What you would do in a downtrend is look for a breakdown of that line, and look to scalp short and hope you get lucky.
I don't know why people think this is hard, it's really not.
My idealized philosophy is as follows:
1. I don't have enough money to move the market (corollary: my job is to figure out what those with money are doing)
2. I have the luxury of not being in the market all the time
So if you look at this 5 minute chart on ES1, you can see I've drawn a simple OBVIOUS line of support/resistance:
What you would do in a downtrend is look for a breakdown of that line, and look to scalp short and hope you get lucky.
I don't know why people think this is hard, it's really not.
To be clear, the difficulty is in the extended focus that's needed. If I'm used to only focusing from 8-10/1030 and now I have to focus from 8-noon, that's difficult. The setups were the same, but I was having trouble staying focused. That's why I think the best thing for me to do is size up.
All forms of trading are hard over the long run.
You are starting to sound like the snake oil vendors who sell snake oil trading courses to new traders. Telling them its so easy.
This guy was a big snake-oil vendor from 10 years ago. Very slick.
So in another words, you do not have an answer. And if you did it would be a lie.
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