A few days ago I am profitable doing intraday, I do not know if it is coincidence or that I am learning something, I am curious ... How many days a week are intraday traders profitable? Or in another way What percentage of winning days do they have?
Number of winning days
- Thread starter trader1974
- Start date
Great question, it's more about your net profit per week vs up/down days.
If I have 3 down days losing total $1100 but have 2 up days $2k and $800 like I did, I'm still net profitable being wrong more days than right.
Or weeks/months for that matter. I've day traded since 1999, main lesson learned is use small size with scaling and super tight stops and re-entries.
Something I REALLY wish I'd known 20 years ago is, you've got to figure out how to be profitable given you'll very probably be wrong 70%+ of the time in your trades for the rest of your life.
The answer is take lots of shots with small size and adding to winners, stopping out on the many losing ones you will get. #tradingtruth
That's how I banked 7k profit this last 2 weeks in SQQQ TVIX UVXY etc, all with starting positions of 50 shares or less.
"Start small, then snowball"
"Feed your winners, starve your losers"
If I have 3 down days losing total $1100 but have 2 up days $2k and $800 like I did, I'm still net profitable being wrong more days than right.
Or weeks/months for that matter. I've day traded since 1999, main lesson learned is use small size with scaling and super tight stops and re-entries.
Something I REALLY wish I'd known 20 years ago is, you've got to figure out how to be profitable given you'll very probably be wrong 70%+ of the time in your trades for the rest of your life.
The answer is take lots of shots with small size and adding to winners, stopping out on the many losing ones you will get. #tradingtruth
That's how I banked 7k profit this last 2 weeks in SQQQ TVIX UVXY etc, all with starting positions of 50 shares or less.
"Start small, then snowball"
"Feed your winners, starve your losers"
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I earn 1Pts in average 99 days out of 100.
The 100th day I lose 10k pts.
As @KCalhoun said ...
It’s more about expectancy.
On average they earn more than they lose.
You can win 4 days out of 5 and be in the red.
You don’t get paid by the probabilities.
I am averaging 1 losing day per trading month, with my losing day not being bigger than my biggest winning day. I am not really making a killing though, just a consistent amount that I can live off of of currently.
Other traders I know that do it full time and are way beyond me as far as earning potential and hours of being full time rarely have a losing day and never a losing month where they are net negative. I've watched a lot of them trade live for a substantial amount of time, so I am not just going off of their word, but actually verification, just fyi.
Other traders I know that do it full time and are way beyond me as far as earning potential and hours of being full time rarely have a losing day and never a losing month where they are net negative. I've watched a lot of them trade live for a substantial amount of time, so I am not just going off of their word, but actually verification, just fyi.
They must be printing $$$.
I don't day trade. Not good enough. I trade full time since 2010, options since 2013 but my win rate is < 50%. Worse than a coin toss.
+ expectancy though.
They must be printing $$$.
I don't day trade. Not good enough. I trade full time since 2010, options since 2013 but my win rate is < 50%. Worse than a coin toss.
+ expectancy though.
Yes, it is disgusting, if I made what they have made so far I could literally retire. But they put it a lot of hard work, had some luck and definitely took some risk to get where they are.
Before I was not able to quickly cut losses, now I only risk a one-minute candle, it seems that a low risk, look well at the time of entry and act in the direction of the daily trend is leading me to consistency.
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Tomo pequeños movimientos, realizo operaciones separadas para garantizar los beneficios, ¿crees que es mejor realizar la primera operación y luego agregar?
