Hello everyone,
I've come to this forum to search for your advice, guys. I live in Russia and I am quite a new trader, I've been trading sinse New Year. At the moment I am trying to work with an index future and I trade inside the day. I should say I have major troubles with trading and I cant understand what I am doing wrong, what my mistakes are. I lost my account almost completely, so now I have kind of a last chance to change something in my trading style in order to make the account grow. An issue which I still can't solve is placing stop-loss and the necessity to use take profit. Otherwise, the question when I need exit position manually. I tried different combinations, but all seems to be wrong if you look at my account condition. I'm now searching anything related to intraday strategies and mistakes to understand what I am doing wrong. At first I tried manual scalping, but the price almost always hit the stops, people told me that now scalping is a privilege of automated trading systems and that it is hard for a human to success in this sphere now. Then I switched to intraday, but the situation remains similar - the price hits stop more often then it goes in a planned direction. Anyway, if you guys can give me any advice or share your experience, this would be highly appreciated. Thanks in advance.
I've come to this forum to search for your advice, guys. I live in Russia and I am quite a new trader, I've been trading sinse New Year. At the moment I am trying to work with an index future and I trade inside the day. I should say I have major troubles with trading and I cant understand what I am doing wrong, what my mistakes are. I lost my account almost completely, so now I have kind of a last chance to change something in my trading style in order to make the account grow. An issue which I still can't solve is placing stop-loss and the necessity to use take profit. Otherwise, the question when I need exit position manually. I tried different combinations, but all seems to be wrong if you look at my account condition. I'm now searching anything related to intraday strategies and mistakes to understand what I am doing wrong. At first I tried manual scalping, but the price almost always hit the stops, people told me that now scalping is a privilege of automated trading systems and that it is hard for a human to success in this sphere now. Then I switched to intraday, but the situation remains similar - the price hits stop more often then it goes in a planned direction. Anyway, if you guys can give me any advice or share your experience, this would be highly appreciated. Thanks in advance.