Really. They seem like simple concepts to me.
Open a position. Set a stop. There you have the keep losses small concept.
Once the position moves in your favour trail the stop.
Can it be anymore simple?
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Intraday trading
- Thread starter trader1974
- Start date
Open a position. Set a stop. There you have the keep losses small concept.
Once the position moves in your favour trail the stop.
Can it be anymore simple?
And somewhere a child is born. Zero Sum Game, indeed.Those would be dead kind of people.
All psychology, time for a babysitter to sit next to the trader and talk the person through the process, this is why 94% lose money, the streets are paved with broken people. the longer the habit exists the longer the babysitter has to work,Which one of these are you having trouble with?
Trading is like a tightrope. Many will never be able to walk across, few might consistently get half way and very few can do tricks on it and own the tightrope.
Knowledge of self, control of self and much experimentations of charting, goes a long way to right direction. Knowing intraday drawdowns is so important and intraday equity curve, more one knows the answers, then less fear enters and less unknown. Once one knows more of what our Trading Plan shows us, more faith in what we design and able to put on all the trades instead of what "feels good".
Knowledge of self, control of self and much experimentations of charting, goes a long way to right direction. Knowing intraday drawdowns is so important and intraday equity curve, more one knows the answers, then less fear enters and less unknown. Once one knows more of what our Trading Plan shows us, more faith in what we design and able to put on all the trades instead of what "feels good".
Add to winners I think it's the only way to do it
The only way to tip the balance in your favor
Add to winners I think it's the only way to do it
I do in very long term commodities but recent testing shows my style of "day trading/scalping, best to just take 2pts for me. I think it is awesome for those who figured out how to trade and stay into Swings within intraday. Guess it was never my forte.
The entire tradig practice implies manipulation and deception to swing trades to your advantage when you are playing against other people with the same goal of making money.
Once you realize that deceprion in general is a natural animal trait even more. Its a natural trait of predators (which humans are)
You will understand that market manipulation and deception is part of the game
Problem is understanding the level of deception happening in the market
Thats where retail trader falls behind because we are always at an informational technological and financial disadvantage compared to institutional traders.
There is zero deception in the market. No one is sitting there trying to trick you. The market is doing what the market will do. Sometimes people will pull bids to see if anyone steps in, sometimes they will do the same with asks. They're not trying to screw you in particular..
I would like to hear evidence to the contrary.
Are the markets rigged? Yes, of course. See @federalreserve on twitter.