Is there anything like a best trading strategy?

[murray t turtle]

Is there an end to the drop turn of the Nasdaq stocks? In the past 14 yr., Nasdaq gain is much more than S&P 500 or the Dow. ...... They said it's because of bond yield going up, but bond yield was at almost 4% at the begining of 2019, and yet, Nasdaq is up.

I can short, I have no problem with that. But is it wise to short........

%%
Are you implying bonds are not a predictor LOL?? But the WSJ likes to pretend they are+ pretend PE is the main reason to buy.
IF bonds or PE is the main focus;
maybe you should not buy NQ or QQQ, or SPY.
But since IBD founder likes high PE, its really up to you.................................................

 

[Launcepeter]

I tried scalping not once but twice and failed miserably. Is there any strategy for success? What I actually want to ask is whether it’s actually profitable?

Oh yeah it can be profitable for traders who especially decide on using it as their primary trading strategy. This however can also go along with other strategies that you would want to use for trading. Don’t know what strategy you used but the tried and tested one is using the exit strategy for making small gains that would together make for larger gains.

 

[Alesanfranko34]

I think the best strategy is to watch some cources and learn all these process by yourself. I believe you should make your own mistakes to understand which way of trading is the most effective for you.

 

[rihana]

Does the profit or loss per trade depend on the time frame I’ll be using?

 

[Nealeliff]

First of all, you need to be very disciplined.

1. Do not risk more than 1% of your account
2. Keep your risk-to-reward ratio to at least 1:1.5
3. Do not close the winning trade before hitting the Take Profit
4. Do not hold the trade and waiting and waiting. Place the Stop loss according to the 1:1.5 ratio.
5. If you can maintain a Win Rate of more than 40% of your trades, You are on the profit side.
6. Do not put your money into testing the strategies. Use the Demo account and No Deposit Bonuses.

I agree to all the points you mentioned, but talking about no deposit bonus, are these actually any good?

 

[Nealeliff]

I think the best strategy is to watch some cources and learn all these process by yourself. I believe you should make your own mistakes to understand which way of trading is the most effective for you.

I have already done the pipsology course, I think that’s pretty comprehensive.

 

[padutrader]

enter on pull backs.......trend resumption

this is the oldest strategy

 

[Nicerchil]

It does @rihanna. Of what I know, with 1 minute scalping you would end up making a profit of around 5 pips per trade and with 5 minutes scalping, you’ll make around 10 pips per trade.

 

[Williamharvard]

Oh yeah it can be profitable for traders who especially decide on using it as their primary trading strategy. This however can also go along with other strategies that you would want to use for trading. Don’t know what strategy you used but the tried and tested one is using the exit strategy for making small gains that would together make for larger gains.

Unlike other strategies where it’s recommended to use the SL and TP strategy when trading.

 

[murray t turtle]

Does the profit or loss per trade depend on the time frame I’ll be using?

%%
IT sure can. But battle tested plan, skill, money management , ETFs etc are more important.
Most millionaires dropped out of school like Bill Gates/ MSFT + FB founders, but that does not mean education or personal study is i unimportant.