I am 98% convinced that the way to profitably trade by yourself is like this

misterkel said:
m-m-maybe... If you're picking reversals, then you're not following the trend, you're leading it. It seems to me an important distinction because the methodologies are different.
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It's all semantics. Trend follower? Or trend anticipator? Who cares? Either way, both require trading on the right side of a trend to profit. Old or new....
 
Hotcakes said:
both require trading on the right side of a trend to profit
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Not really. See a reversal is before the trend is established. So you're actually trading prior to any trend.
And picking reversals is way harder than spotting existing trends.

But yeah, as a general rule, without any benefit to a trigger-puller, you want to buy low and sell high (sell high then buy back low).
 
misterkel said:
Not really. See a reversal is before the trend is established. So you're actually trading prior to any trend.
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But the profits are made trading WITH the trend. So "both require trading on the right side of a trend to profit" is correct.
 
mbondy said:
After 10 years of membership and 2882 posts if you still haven't discerned how to trade profitably, perhaps you're wrong about everything.
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To me, 1a2b3cppp is the only person on this forum who has posted a profitable journal with entries called in real time. So I'm not sure what you're talking about.
 
1a2b3cppp said:
There are a few concepts in trading that I dislike.
Another one is adding to winners. Hey guys, let's give ourselves a less favorable entry price.
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Maybe adding at a higher less favorable entry price and trailing a stop has an immense benefit in that it addresses the age old problem of exiting trades too early.

As trading is a psychological battle maybe scaling up is worth far more than it initially seems.

The real answer lies in each and every person's own Journal. Good for some. Not good for others
 
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