nod
Welcome home, hope you guys had a great time. If when you came home the house was spic and span and your son was grinning...........you know he had a great time.
I keep thinking you will be that really good trader you and any other trader seeks to be. Yeah, yeah, we all know many fail but as we progress in our own trading we understand why. Did you notice the 'keyword" in that last sentence? Right, progress. Without progress traders are just spinning their wheels and burning through an account. Without progress there is no improvement. A lack of progress means the trader has not changed some items.
In the beginning new traders are faced with giga choices in instruments, timeframes, indicators, methods, tactics etc, etc. Kind of like a young man entering high school and seeing a whole new world filled with pretty gals, so many gals so little time. Reverse that for said pretty gals.
I suggest to you to narrow the field. Why do i think you would be a really good index trader? Be it nazdaq index like the NQ or my favorite main squeeze, the ES. I would further suggest trading for the intraday swings in said instrument whatever "IT" may be.
Let me say it another way...................... scalping and you do not seem to mix well. You need to have wider profit expectations per trade, you need to be more attuned to TA and "measured moves" relative to the breakout expected. You are a fine canidate for trading from "LEVEL TO LEVEL". I think you will be surprised how profits can pile up on MOST days if you hang with the big boys and girls and trade like they do.
Might i suggest you watch our former dude in ET chat (who also is no longer in there as our chat is hit and miss), that dude being AMT, the guy that works on homemade airplanes that banjo has projected to fly 42 feet off the ground. AMT trades levels as i do, he calls the "support/resistence world by a different name but TA is TA. He has good stuff which i think you might do good to look into. You can as many of us individual types do and place your own flavor to the "levels".
Try something different besides scalping, open those wings and fly higher, see a bigger horizon, get on that white horse with Mr Nod as the white knight and ride, giddyup.
Thats all suggestions for now. Be it even stocks as your preferred items, go for more than scalping, go for the "meat" of the intraday swings. opps, sorry, go for the vitamins from the veggies.
PS: remember this in choosing an instrument to trade...........you gotta know the terrotory. learn it as you never learned anything else in life, the rewards are worth the effort.
Welcome home, hope you guys had a great time. If when you came home the house was spic and span and your son was grinning...........you know he had a great time.
I keep thinking you will be that really good trader you and any other trader seeks to be. Yeah, yeah, we all know many fail but as we progress in our own trading we understand why. Did you notice the 'keyword" in that last sentence? Right, progress. Without progress traders are just spinning their wheels and burning through an account. Without progress there is no improvement. A lack of progress means the trader has not changed some items.
In the beginning new traders are faced with giga choices in instruments, timeframes, indicators, methods, tactics etc, etc. Kind of like a young man entering high school and seeing a whole new world filled with pretty gals, so many gals so little time. Reverse that for said pretty gals.
I suggest to you to narrow the field. Why do i think you would be a really good index trader? Be it nazdaq index like the NQ or my favorite main squeeze, the ES. I would further suggest trading for the intraday swings in said instrument whatever "IT" may be.
Let me say it another way...................... scalping and you do not seem to mix well. You need to have wider profit expectations per trade, you need to be more attuned to TA and "measured moves" relative to the breakout expected. You are a fine canidate for trading from "LEVEL TO LEVEL". I think you will be surprised how profits can pile up on MOST days if you hang with the big boys and girls and trade like they do.
Might i suggest you watch our former dude in ET chat (who also is no longer in there as our chat is hit and miss), that dude being AMT, the guy that works on homemade airplanes that banjo has projected to fly 42 feet off the ground.
AMT trades levels as i do, he calls the "support/resistence world by a different name but TA is TA. He has good stuff which i think you might do good to look into. You can as many of us individual types do and place your own flavor to the "levels". Try something different besides scalping, open those wings and fly higher, see a bigger horizon, get on that white horse with Mr Nod as the white knight and ride, giddyup.
Thats all suggestions for now. Be it even stocks as your preferred items, go for more than scalping, go for the "meat" of the intraday swings. opps, sorry, go for the vitamins from the veggies.
PS: remember this in choosing an instrument to trade...........you gotta know the terrotory. learn it as you never learned anything else in life, the rewards are worth the effort.
