Combination of pure PA and MA slope and gap.
No day trader on this planet can make yearly profits
- Thread starter teewoods
- Start date
I don't understand very well, your goal is about 10-12 ticks or 10-12 points
Ticks
Wow, I love this book so far.
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Do you think you can do the same with one-minute candles and try to earn 10-12 points? Is it harder to be profitable like this today with the noise in the markets?
Then you are like the ant in the story, you accumulate small victories with concentration and dedication, perhaps it is the only formula to catch something in the middle of the noise and survive the harsh winter
World's worst interpretation of the Ant and the Aardvark. Seriously.
Besides, cicadae hibernate on like 20-30 year cycles. The FACK did you post?
This one is more fun! 
Without a lot of knowledge and a proven winning strategy you might be right you will lose day trading but there ARE ways to consistently beat the market if you have the right mind to learn the ways to do it. Not everyone has that type of mind. I think only a small group do. You have to be a person who can pay attention to details. I think only a small select group have the mind to figure it out. From your comments it sounds like you are not the right type of person to be a day trader. Believe me I am not putting you down it's just that not everyone is cut out to be a successful day trader. It takes a certain skill not everyone has (or is willing to learn). I have been trading for 35 years and started day trading heavily the past 10 years. I do a hundred trades or more per week. In the past 10 years I only lost 2 years and made profit 8 years. The 2 losing years were because I had some new lesson to learn because I made a bad choice. I chalked it up to my education to improve my knowledge and skill. You have to learn from each mistake (and not make it again !!!) or you won't stand a chance. My 8 year profits far exceed my 2 year losses. I usually make between 30% and 150% per year return. For me 30% is a bad year. I do not have a big ego. I know I have to always be on my toes. I think of the market like a tiger. I have to always stay alert and plan for various contingencies or when I least expect it - it might lash out. It's taken me years of making mistakes and learning from those mistakes in order to tweak my strategies to ones that work. It's funny that you mention bots because I actually track the bots and use the bot movements to figure out how to use it to my advantage and beat the bots. I didn't have to do this in the past but so much is controlled by bots now so I was forced to follow the bot trades and come up with a strategy to use against the bots to my advantage. In conclusion: You are right for many day traders it's more like gambling and in the long term they will lose but just to let you know there are a small number of us day traders that have worked hard at this (and have the right mind for this) and we are always improving our knowledge and skills and we have figured out winning strategies that consistently beat the market.
They also told me that it would not be profitable in the medium and long term, however I am.
Calm down, it won't discourage me, I'm optimistic by nature
Calm down, it won't discourage me, I'm optimistic by nature
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