Is Market timing essential and possible for succesful trading?

lylec305 said:
It's all about timing, no matter how you cut it. The time when you enter a trade and when you exit a trade and when you had enough. The profit/loss is dependent on timing, and of course the quality of the underlying, and the depth of your pockets. Over
simplified but think about it.
View attachment 168161
More...
EDGE.jpg
 
lylec305 said:
what does your paper trade have too do about timing
More...

Need to have a game plan (like the paper trades) , to sit and wait patiently for the stock indices to fall and get to a support .It is hard to sit and do nothing so , do your trades and get some hobbies gym or play golf.






For a trader to be successful long-term, they must trade for a long time. That statement might seem like “theatre of the obvious”, but the best way to last for a long time as a trader is to avoid the excessive danger that comes with massive boosts in your adrenaline. The emotional ups and downs that the gambling-style trader experiences, only fosters negative trading habits. Irrational behavior such as “I need to get my money back from the market”, ( as if the market bogeyman took money from the traders account rather than the trader losing it to another faceless, but complicity market participant) starts to permeate the trader’s their behavior, their mind and subsequently their behavior. When that happens, both trading losses and trading wins become bad. The losses being bad is obvious, but gains made on bad behavior may actually be worse, because it encourages the behavior that leads you account to eventual ruin.
 
Trading Education Buyer said:
Need to have a game plan (like the paper trades) , to sit and wait patiently for the stock indices to fall and get to a support .It is hard to sit and do nothing so , do your trades and get some hobbies gym or play golf.
For a trader to be successful long-term, they must trade for a long time. That statement might seem like “theatre of the obvious”, but the best way to last for a long time as a trader is to avoid the excessive danger that comes with massive boosts in your adrenaline. The emotional ups and downs that the gambling-style trader experiences, only fosters negative trading habits. Irrational behavior such as “I need to get my money back from the market”, ( as if the market bogeyman took money from the traders account rather than the trader losing it to another faceless, but complicity market participant) starts to permeate the trader’s their behavior, their mind and subsequently their behavior. When that happens, both trading losses and trading wins become bad. The losses being bad is obvious, but gains made on bad behavior may actually be worse, because it encourages the behavior that leads you account to eventual ruin.
More...
My setup is fairly strict, no setup no trade. Patience is a virtue . I'm writing a book and work on my sailboat
 
technical analysis dax signal

I have put on this trade , bought cash future and sold a call .I can not time thismarket , because price can go 100 to 200 ticks against me.

I have 190 ticks cushion from the entry price , against a loss .I am reducing my reward , but also my risk .

My next addition to this trade may be lower.
 
You must log in or register to reply here.
Back
Top