I am kinda new and want to learn basics for short term trading

deaddog said:
I have a systematic approach,
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i have always believed markets have a logic........even when i could find none: i did not conclude that markets were random or chaotic, like many others .

but i also know that extracting money from trading, is like taking out blood out of stone.

As Brooks is so fond of saying 'edges are fleeting'
 
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@curiosity,
As you can see the clash of belief, one has to be mindful of its strong influence on our decision making process. Since your strategy is short term, volatility matters and it's all about trend. If it's volatile, a smaller stop loss will not work. Need to have stock charting tool so that a trend of daily change percentage can be generated and use to for setting stop loss target. Next, what to use to spot for trend? This is much debatable and some swear by 50 SMA. You have to do the experiment yourself. For a start, look how well it is staying above the moving average. How to get a good sense of the overall market? The good and hard way is to look at many charts. It's all hard work and patient.
 
padutrader said:
yes that is your opinion

i respect it.

but it appears some do not like an opinion other than theirs
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There is a difference between opinions and facts. If you have a 100% win rate and you think someone else then has to have a 100% loss rate, well i don't know what to say. It must be one of the most stupid things i have ever read.

You are assuming it is always the same guy taking the other side of your trade and that is just plain stupid. Otherwise you can't come to a 100% win for you and 100% losses for someone else.

If you do 100 trades with 100% win rate, the other side could be 100 different traders and they each still can get a 99% win rate after that one losing trade ...
 
padutrader said:
i never said it was a fact. if it was a fact i would have said so.

i only voice my opinions here and many of you here know the worth of it or lack of.
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You said you believe a 100% win rate must mean someone else has a 100% losing rate and that is just wrong.

That is a fact.
 
DevBru said:
and they each still can get a 99% win rate after that one losing trade ...
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of course but they will have learnt not to take the other side of the winning set up.

and then no one will take the other side and the market has to go higher or lower for that transaction to be matched.

the point of my post is that there can be no trader with a perfect 100% win ratio at least not for long
 
trading is a grind......like most activities in life..........accept that and be happy at the end of the day that you have done your best
 
DevBru said:
I give up, trying to talk reason with you is as pointless as it always has been.
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do not worry about it......just make a lot of money and change the world.....help as many people as you can financially.

put your effort there .
 
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