Scalping? Swing? Day trading... please be honest if you're not consistently profitable, so you can learn something! 
Poll - How is the majority of your P&L made?
- Thread starter vincentvega
- Start date
if exit at close means holding til the close i checked the wrong box- i'm flat by the end of each day is what i took that to mean.
Charging people for my seminars.
Mostly long term swings.
When something good drops like an index im interested i dollar cost average until the trend changes.
When something good drops like an index im interested i dollar cost average until the trend changes.
It took alot of years and a good amount of tuition paid to the school of hard knocks, but I have been profitable scalping and day trading now for over a year.
People always say you should trade money you can afford to lose. For me, I decided to take several years off from trading and built up a large amount of trading capital. When I returned to trading, I was trading very large amounts of money relative to anything that I previously had. The result was that I became hyper-vigilent about stops and exits. Prior to that, the amounts I traded were much like gambling in a casino. If I lost it, it was no big deal. Now I trade with a large chunk of my net worth. As a result, I watch my trades like a hawk and am very quick to pull the trigger on an exit. The key here is that losers stay small. When I was trading smaller amounts, I let the losers turn into account busting trades. Now, I cant afford to do that.
I am not saying this is a blueprint for success for everyone, but I do know it was the way that I "grew up" as a trader..
People always say you should trade money you can afford to lose. For me, I decided to take several years off from trading and built up a large amount of trading capital. When I returned to trading, I was trading very large amounts of money relative to anything that I previously had. The result was that I became hyper-vigilent about stops and exits. Prior to that, the amounts I traded were much like gambling in a casino. If I lost it, it was no big deal. Now I trade with a large chunk of my net worth. As a result, I watch my trades like a hawk and am very quick to pull the trigger on an exit. The key here is that losers stay small. When I was trading smaller amounts, I let the losers turn into account busting trades. Now, I cant afford to do that.
I am not saying this is a blueprint for success for everyone, but I do know it was the way that I "grew up" as a trader..
