For March I have drastically decreased my number of trades. Only 5 trades so far, 2 are still open, so I will probably do about 8-10 for the month. I have also increased my hold times to much longer. Previously I was doing about 30-35 trades per month. AND geez wouldn't you know, I am having a great month for results.
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Less is More
- Thread starter Jdesey
- Start date
For March I have drastically decreased my number of trades. Only 5 trades so far, 2 are still open, so I will probably do about 8-10 for the month. I have also increased my hold times to much longer. Previously I was doing about 30-35 trades per month. AND geez wouldn't you know, I am having a great month for results.
The market is quite volatile right now
For March I have drastically decreased my number of trades. Only 5 trades so far, 2 are still open, so I will probably do about 8-10 for the month. I have also increased my hold times to much longer. Previously I was doing about 30-35 trades per month. AND geez wouldn't you know, I am having a great month for results.
It is not the quantity of trades, but, the quality of trades that matters. Last year, I had a lot less trades put on but, was my best year as a trader.
Yes yes yes....it is more profitable! $$$$ and WAY less stressful. I will never day trade again. Now using 1hr, 2hr and daily charts. so much more enjoyableIt is not the quantity of trades, but, the quality of trades that matters. Last year, I had a lot less trades put on but, was my best year as a trader.
I sure wish I was a beginner... this is my 8th year.beginner's luck/
%%For March I have drastically decreased my number of trades. Only 5 trades so far, 2 are still open, so I will probably do about 8-10 for the month. I have also increased my hold times to much longer. Previously I was doing about 30-35 trades per month. AND geez wouldn't you know, I am having a great month for results.
EVEN though it was almost never a big expence, except as a % of sometimes small starting position; a comission + bid \ask spread was one of the few expences one could completely control almost.
With low or no comissions it seldom makes a difference.
I like longer hold times, when i'm right on the trend.
PSAR\parabolic stop + reverse slowly tightens the stop like a larger of medium moving average..................................................................................................One buy + sell per day\ i seldom do that much, but 30 or 35per month is more likely with scale ins[3 buys in one positition + one sell\exit i would count as 4 trades]
Long only?Yes yes yes....it is more profitable! $$$$ and WAY less stressful. I will never day trade again. Now using 1hr, 2hr and daily charts. so much more enjoyable
If so and bear keeps up you will run out of needles in the haystack.
Numbers never lie, only politicians.
oh hell no... I short often, I am short right now.Long only?
If so and bear keeps up you will run out of needles in the haystack.
Numbers never lie, only politicians.
From the Dept. of "it doesn't cost anything to ask and the worst JD can do is say no, ...Yes yes yes....it is more profitable! $$$$ and WAY less stressful. I will never day trade again. Now using 1hr, 2hr and daily charts. so much more enjoyable
How about posting up a marked up chart with a typical setup?
or a chart not marked up but with the averages, pivs, indicators and whatnot that you use but again not marked up?
If that's asking too much then hows about posting up a naked chart that shows a duration within which you entered a trade?