Profitable day trading

Trading Education Buyer

Trading Education Buyer

Here is a nice profitable day trading system.I want to pass my wisdom to this community

technical analysis dax signal

Somedays you do not get trades , but you have to be very patient and disciplined ,not to day trade every day.

Good traders can make 1 good trade a week , make 30 ticks a week $30 per pip and it gives a nice living , but not in forex , because that is only possible in imagination in forex .

You don't really need more than 20k to make $900 per week .

You need discipline , mindset and very good 12 " between the ears or a really good strategy and less in the coconut.


Trading also involves losses ,so prepare yourself for accepting losses .Overall day traders can make money , if they disciplined and can follow a system.

Day trading is hard and difficult, if you overtrade.


https://www.google.co.uk/webhp?sour...n=1&espv=2&ie=UTF-8#q=patience+trader&tbm=vid

https://www.elitetrader.com/et/members/trading-education-buyer.495363/

Dunning kruger traders

https://www.elitetrader.com/et/threads/technical-analysis-dax-signal.303564/

Proof
Day trading is hard , but not impossible .The disadvantage I see is :sometimes market does not do what you expect , on the day you expect and at the time you expect.This is fact and experience .

If you hold the position for overnight , you benefit from overnight gap profits .These can be taken during the day and the trades can also be opened during the day , but not the same day.

If I trade swing for two to 5 days on stock indices , I can make a good living trading dax on multiple strategies.The odds are against me , for the profit to happen , in the day time on the same day .
 
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zdreg said:
"hubris goeth before the fall"
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You don't know my mental preparations before every trade .I do mindfullness practise and mental exercises .

The most important skills are the mental skills of traders , other skills like technical anylysis , systems , methods , technical skills and trade management are less important .Without a trading mindset suitable for trading , trader will inevitably mess up with latter skills .

Succesful traders know the enemy within , their psyche and human phsychology , the failures don't know the enemy within you .

In trading the biggest enemy is within you ,there are no other enemies but you.

https://www.elitetrader.com/et/threads/the-secret-of-succesful-traders.304830/


https://www.elitetrader.com/et/threads/the-most-important-skill-for-succesful-traders.304679/


There are many causes of traders losing control , with revenge trades , entering higher trade sizes , need to be right by opening and closing trades , amygdala hijack , impulsive trades , stress response trades , frustrations in choppy markets , loss averse tactics , impatience , putting on non edge trades , breaking rules , desires to make money on days when you should not be trading , having stupid trading thoughts /biases /beliefs in your mind and other pychological issues of the human mind .

Few people are likely to understand self sabotage more than traders. While it’s an innate tendency in almost all of us, traders get to experience it more often and more directly than most others. If you’ve traded for any period of time, you know what I’m talking about. It seems like whenever things start to go well, you find a way to mess it up. It almost feels like you want yourself to fail. But how could that be? Who would want themselves to fail?

https://www.elitetrader.com/et/threads/self-sabotage-for-traders.305072/
 
The system is very simple.KEEP IT SIMPLE

K I S S

technical analysis dax signal

https://www.elitetrader.com/et/threads/dax-profitable-trading-system.305141/#post-4374022

Detailed system here

technical analysis dax signal

This thread gives me free signal assistants on my journal.If you see this set up post on my journal

My system is a very high probability system , it is very simple , here is simple description for you.

longs :up channels on hourly and ticks , above mas and all indexes aligned
draw all your lines on hourly , 4 hour and daily and support and resistance lines .Observe trading times .Three green hourly bars on 30 min or hourly

Shorts:wtf:pposite

Follow these rules and it makes positive points on dax.

I sometimes trade options .


If you see above set up,please post.
 
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i was playing with acb.v today........i "think" i observed what you mentioned about the 3 green up and 3 red down on the 15 or 30 min chart.....and if i can remeber it was around 1230-230.....it did me proud today and hoping for a gap up tommorow....p.s. i enjoy your psych stuff..it helps me. thanks
 
Day trade options because markets can be choppy , stops get hit fast .Options give you time to hold your positions .Weekly options are good for directional trades.

Day trading does not work for most , only for very patient traders
 
Trading Education Buyer said:
Day trade options because markets can be choppy , stops get hit fast .Options give you time to hold your positions .Weekly options are good for directional trades.

Day trading does not work for most , only for very patient traders
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mnk.jpg
 
Looking for long trades only this week

Bought weekly 11450 call 61.3 for the santa rally in support of wall street crooks.

https://www.thealertinvestor.com/santa-claus-rally-explaining-wall-streets-christmas-cheer/

https://www.google.co.uk/webhp?sour...n=1&espv=2&ie=UTF-8#q=wall+street+santa+rally

What is a 'Santa Claus Rally'
A santa claus rally is a surge in the price of stocks that often occurs in the week between Christmas and New Year's Day. There are numerous explanations for the Santa Claus Rally phenomenon, including tax considerations, happiness around Wall Street, people investing their Christmas bonuses and the fact that the pessimists are usually on vacation this week.

technical analysis dax signal
 
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