Excellent points... trading is all about aligning personality (comfort levels) with trading style... as you correctly allude to, scalpers don't care too much about the bigger picture, so to suggest that they should attempt to understand such things is kind of a redundant argument.... well made points, QQQBALL...
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- Thread starter Brandonf
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Excellent points... trading is all about aligning personality (comfort levels) with trading style... as you correctly allude to, scalpers don't care too much about the bigger picture, so to suggest that they should attempt to understand such things is kind of a redundant argument.... well made points, QQQBALL...
Precisely... there is no one path to the box of gold at the end of the rainbow... people who suggest otherwise are deluding themselves... some well made points, Magna...
Which is a point I thought I'd made on another thread some time back, but apparently not.
OldTrader puts in a disclaimer that "it's all a matter of style", but then he can't leave it alone. He just can't stand it that not everyone does it his way.
What matters is not the style or the system or mechanical vs discretion or the "big move" vs scalping. What matters is the talent and skill of the trader. A crappy trader can screw up anything.
People aren't going to stop going for the singles just because you don't approve, OldTrader. Give it a rest.
--Db
Thanks for the clarification.
Yes, I believe you have made your point before. Unfortunately, I found it unpersuasive, as surprising as that may be to you.
You know, it's probably a "warm and fuzzy" idea to believe that there are multiple ways to that "pot of gold", that trading style should mainly reflect personality, that one method of trading is not better than another. It's the "new age" of trading so to speak.
Personally, if I were a new trader I'd try to find someone who had made a fortune in trading, and then figure out what he did and try to do it myself. I wouldn't be trying to discern my personality to figure out what method of trading might "suit" me. I would suggest to new traders that just because a particular method seems "comfortable" to you and your personality, has no bearing on the ultimate profitability or practicality of the method.
Finally, I would agree with you that people are not going to stop trying to "hit singles". And I would point out that the key phrase here is "are not going to stop trying".
And if it's all the same to you DB, I may well make these points again, despite the fact that they are "politically incorrect".
OldTrader
OldTrader,
I've been trading for just under a year. I'm still a trader "who's focusing on these smaller moves and gets so nervous about holding a position" because I don't know "WHY the market made it's move, or why it's likely to either continue or terminate". (I personally don't trade futures, just watch it to trade stocks). I think that what you said below is what I need to do.
Can you please offer some advices?
I've been trading for just under a year. I'm still a trader "who's focusing on these smaller moves and gets so nervous about holding a position" because I don't know "WHY the market made it's move, or why it's likely to either continue or terminate". (I personally don't trade futures, just watch it to trade stocks). I think that what you said below is what I need to do.
Can you please offer some advices?
From Brandon's initial posts he had made a trade from a bear flag on a one minute chart....so I gathered from this that this must be one of his setups. But when I look at Fridays one minute chart, I see flags all over it. I probably misunderstood.
I don't know if you were referring to me specifically in terms of "enter/exit on feel", but if you were, I'd like to clarify. I don't base my trading on "feel". I am a discretionary trader. But I look for reasons to make my trades....they just aren't flags on intraday charts...they are more apt to be based on the price action of certain key stocks/sectors, tick, trin, advance/decline, or market response to news....some of that type.
OldTrader