Is trading easy?

Is trading easy?

  • Yes

  • No

  • Fuck off cunt.

Results are only viewable after voting.
SunTrader said:
Don't know if this was already mentioned about Thursday's RTH ES open but first few minutes bars broke above the previous day's (Wednesday) high signaling a possible long entry area.

As I said previously I plot all the data including Globex session so I didn't see it live. I have in the past plotted RTH charts, but there is just too much effen stuff to watch. :)
Maybe I'll rethink that.
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The reason I switch to RTH is because this is what the market is trading off of, for the most part. SPY will be trading (for the most part) off RTH levels if it is going to be off those levels.
 
nooby_mcnoob said:
The reason I switch to RTH is because this is what the market is trading off of, for the most part. SPY will be trading (for the most part) off RTH levels if it is going to be off those levels.
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SPY trades off ES yes. ES trades off Globex session, current day, the day before, last week.

I have SPY and QQQ charts that I rarely look at.

ES/NQ/RTY and Tick Symbols, Up/Down Vol, Adv/Decl's of all three are all I need.

Well ok also $VIX, $DXY, Treasuries and Currencies, Gold and Crude. lol
 
SunTrader said:
SPY trades off ES yes. ES trades off Globex session, current day, the day before, last week.

I have SPY and QQQ charts that I rarely look at.

ES/NQ/RTY and Tick Symbols, Up/Down Vol, Adv/Decl's of all three are all I need.

Well ok also $VIX, $DXY, Treasuries and Currencies, Gold and Crude. lol
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Yes but since ES and SPY are highly correlated, a lot of the volume during the regular trading hours will at first approximation be based on regular trading hour levels.

For the most part, I find this good enough to find interesting levels, of course sometimes nothing matters and everything is going to hell or heaven...
 
In reply to the OP, I think perhaps trading is simple rather than easy. I now trade a small amount a few times a day (sometimes not at all) when a promising set up arises. Personally I like failed pullbacks in strong trends, but that's just me.

Whatever you may think about Al Brooks, one useful piece of advice seems to me to be that if you find a setup which you can apply and be consistently profitable, then you should increase position size to increase profits, rather than search for other setups or methods.

I can't really fault that logic; it is how to build any successful business really. So yes, I think trading can be simple, but actually applying the discipline to do that day after day is hard, as most of us find.
 
nooby_mcnoob said:
Here is the psychology of Noah, I can tell you because I can relate. And reading his responses just makes me realize how much stupider than me he really is.

He has had a life full of really hard losses, but he is a smart guy. He thinks he can reason his way into a 100% win rate. He thinks "if I had just known this earlier, I would have done something different". You cannot change the past, but if you let it, it will affect THE REST OF YOUR LIFE YOU CUNT FUCK.

The reason I love the market is because it forces me to acknowledge I am putting faith in a bunch of people to keep doing what I think they are doing. It forces me to acknowledge I am nothing, I am not smart, I am completely at the whim of the universe. I am nothing.

That is powerful.

You will change your life when you learn to let go.
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Honestly, I had the same problem with trying to achieve a high win rate, like 90-100%. That’s simply impossible. The underlying reason is human’s basic fear of loss.

A better way of thinking in trading is probability and risk/reward ratio, and be prepared to lose on very single trade. If one can achieve this mindset one has overcome the dreaded human psychology and will be on the road to success in trading. But it’s certainly easy said than done.
 
Haha it’s indeed a balance between being prepared to lose and positive expectancy. With enough experience and training you’ll be at home with it.

Trading is a game of probability. Being comfortable with losses is the first step to success.
 
Jzwu2017 said:
Being comfortable with losses is the first step to success.
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Its when the multi month drawdowns happen that trading gets hard.

One month of losses is no big deal, even two months. But when it gets to 3 to 12 months and you haven't got back to previous equity highs that is when trading gets hard.

When you are making new equity highs ever day, week or month trading is easy and the losing trades during that time are easier to take.

When you are on a long losing period you start to think that other way of trading over there is better. I should switch to doing that..
 
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nooby_mcnoob said:
At the risk of sounding arrogant... This question is more for the professionals like @Handle123 and maybe @Millionaire

It appears to me that I only lose money when I try and get too big for my britches. I am pretty much an expert now at nailing entries, even in this volatility. Maybe 1-3 good trades per day per asset is enough for me to be happy.

I'm just trying to figure out if the people who have been doing this for a while are at the point where they are no longer impressed by the difficulty of it and have accepted that they get what they get and don't try to go beyond that.

I used to think trading was hard, but what's actually hard is doing nothing for long periods of time, clicking a button, then doing nothing again.
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I think you nailed it. Spot on. Correct on all points. Of course trading is easy. Making winning trades consistently takes practice, what I guess some would call be patient "hard." Happy trades!
 
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