One operation every day

trader1974 said:
I think it is best to do just one operation a day Why? Try to catch some points in the direction of the daily trend and forget. This way is more profitable for me. What do you think?
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Agreed. But time is both your friend and your enemy. What if you're wrong, will you try to make it up or do you have the balls to leave the desk for the day?
 
I'd rather leave it.
Why?
Because if the stop has skipped, it means that I am wrong about the daily trend.
Tomorrow will be another day.
The revenge trade does not end well.
 
The best day you can have is buy the daily low and sell the daily high. So yes one trade is enough, no need to give away fees and commissions.

IMHO the less you trade the more you benefit.

But a trader’s role is to fish for positive expectancy setups.

We ain’t in a competition.
If you let opportunities go away ...
It’s up to you. To fish or not fish is your problem.

It’s better to know when not to go offshore.
80% of the opportunities are within 20% of the time.

There is a time for everything.
 
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Sekiyo said:
The best day you can have is buy the daily low ……. So yes one trade is enough, no need to give away fees and commissions.

IMHO the less you trade the more you benefit.
But a trader’s role is to fish for positive expectancy setups.
We ain’t in a competition.
If you let opportunities go away ...
It’s up to you. To fish or not fish is your problem.

80% of the opportunities are within 20% of the time.
There is a time for everything.
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%%
One trade is enough;
actually I prefer 5+/ in a week.BUT I also thought I would trade more with low or no commissions;
more, but not much more. FEES, as far as SEC, are a non issue for me. The more I trade, the more slippage I get;except for notable numbers like $$100 or $337/liquidity leader.And I NEVER try to buy the low, but I seldom daytrade, unless i'm already in for a while.:D:D:D:D:D:D:D:caution::caution:
 
Lad used to sell a system Mentor, total Scam he always held 100pts against him then all the way back up to sell at literally the highest point, but..........

Before the Opening, set 2 Stop Loss orders, ie price goes up 20pts then go Long and Vice versa, give that a try if your limited on time and just want 1 trade, good odds in strong markets you'll make some good $$$'s, just try to cap your risk sensibly.
 
One trade a day can certainly do the job. The longer I have traded the more I realize how less is more. Your not going to over trade, are likely to be able to sustain the right mind set

There are plenty of traders doing very well year over year that place 3-6 trades each week on avg, & some rare birds that put on no more than 6 trading themes each year & just kill it with very good trade mgmt.
 
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comagnum said:
There are plenty of traders doing very well year over year that place 3-6 trades each week on avg, & some rare birds that put on no more than 6 trading themes each year & just kill it with very good trade mgmt.
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I also read some profitable operators who said they only did one operation per day.
 
Sekiyo said:
The best day you can have is buy the daily low and sell the daily high. So yes one trade is enough, no need to give away fees and commissions.

IMHO the less you trade the more you benefit.

But a trader’s role is to fish for positive expectancy setups.

We ain’t in a competition.
If you let opportunities go away ...
It’s up to you. To fish or not fish is your problem.

It’s better to know when not to go offshore.
80% of the opportunities are within 20% of the time.

There is a time for everything.
More...
Not as easy as it May Sound.

I tried o trade like catching high and lows on mid volume days, but it's trickier than you think.

Well, you can actually forget this at trending days.

But still, you may try to catch a pullback.
 
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