In your opinion/experience, what are the most succesful trading styles/methods etc.

[Cswim63]

This is critical. Unfortunately, it can't be done properly without getting kicked in the balls repeatedly

Thanks PL. I've been told, though, that you can teach a child to trade and they will just do it and not suffer the psychological pain of violating their rules. Never seen it firsthand. Anyway could you give an example?

 

[profitlocker]

Sure. Here is an example:

 

[El OchoCinco]

mine

 

[Cswim63]

Sure. Here is an example:

yuk,yuk

 

[Savoy]

Daytrade leverage/options. go all in. -- and repeat. only one big trade per day required.

is this joking or serious..seems against everything taught. all in on one trade that's blowing myself up in a week or less. now if you mean big as in 5% of capital per day on one trade that's reasonable?

 

[Savoy]

I don't think it's that important about time frame. It's more important in the beginning to find a pattern that repeats in the market. If you say I'm only going to do three trades a day then that pattern has to be trade able in one market three times a day. Very rare. You can trade multiple markets, but that's not really a good idea right now. You can watch other markets, which I recommend to see how they all fit together. Or not. Try to define support and resistance in the market you want to trade, for starters. Is the market going up, down, or sideways? On daily, hourly, and smaller time frame. The swing trades that work for me are when the hourly wants to resume into the daily trend. A daytrade would be when say a 15 min. Wants to continue into the hourly. I almost always trade only one side of a market, as was recommended to me by a well known woman trader. It keeps it simpler and I'm forced to look for the daily trend. If you do that for awhile I think you will make some progress.

you talk about time frames continuing on to the next one. can you elaborate on this?

what i understand is you are saying that let's say XXX is uptrending on hourly chart it should also be uptrending daily?

This seems like a great way to look for effective trends

 

[Savoy]

Capitalization is the the least of your problems. Finding/defining edge and perfecting execution of it are your major roadblocks. Most don't make it. It requires diligence and observation beyond what the average person can handle

would you suggest starting off by observing a few markets to find patterns that repeat, and also support and resistance in the markets. then begin executing on these things?

if so, what would be some great liquid and volatile markets to start looking at? im assuming the S&P although I can't exactly afford to trade the S&P so maybe some cheap stocks....

 

[lawrence-lugar]

is this joking or serious..seems against everything taught. all in on one trade that's blowing myself up in a week or less. now if you mean big as in 5% of capital per day on one trade that's reasonable?

It's a combination of a joke, and truth. -- it all boils down to that Risk vs Reward spectrum.
...you can make the % return of what some people make in a year...in a day.

 

[Savoy]

It's a combination of a joke, and truth. -- it all boils down to that Risk vs Reward spectrum.
...you can make the % return of what some people make in a year...in a day.

and then lose it all again when you are ego decides that's the new norm ahaha

 

[Cswim63]

you talk about time frames continuing on to the next one. can you elaborate on this?

what i understand is you are saying that let's say XXX is uptrending on hourly chart it should also be uptrending daily?

This seems like a great way to look for effective trends

well the best trades seem to be when you have the daily, hourly, 15 min, and shorter all lining up. But then you need to learn how to trade a retracement cause if everything, is pointing up there's less opportunity cause everything has already moved.
Time frames overlap cause you can have hourly up, daily sideways, 15 min down, 5 up and so on. After a while the way I trade can be aware of several at once, so if the larger timeframe is sideways that might be OK, but I probably wouldn't, trade if its opposite. Sideways is the usual state of most time frames most of the time, in my book. That and I can't tell. That's OK too.