No. Swing trading is not that simple. No offense, but I don't think you are a real trader. You don't just place random swing trade orders without assessing intraday market bias. Any swing trader worth a shit knows this
Prudent Risk Management Is The Only True Edge In TRADING
- Thread starter Buy1Sell2
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No. Swing trading is not that simple. No offense, but I don't think you are a real trader. You don't just place random swing trade orders without assessing intraday market bias. Any swing trader worth a shit knows this
Actually it is that simple. You must divorce yourself from the idea that I need to place "correct" trades and rather reap the full benefits from the ones that actually are correct.
Mr. B1S2
Do you have any idea what momentum is and what ignites it? If you did, then you would understand that there are better entries that can increase your win rates. Ignoring entry criteria is beyond amateur.
Do you have any idea what momentum is and what ignites it? If you did, then you would understand that there are better entries that can increase your win rates. Ignoring entry criteria is beyond amateur.
Successful trading is one of the simplest endeavors one will ever undertake. --Most people cannot trade successfully.
risk management + HIGH percentage of winning trades = BEST TRADERS
Not many will achieve this level
Not many will achieve this level
High percentage of winning trades is easily achieved. There is no edge in that--anyone can do that. The only true edge in trading is in utilization of prudent money management which includes not scaling or out of trades as well.
Very true, but higher percentage winners + high risk:reward ratio is rarely achieved
Only those in the know can do this. Obviously you don't know
Only those in the know can do this. Obviously you don't know
You have made my point for me. Anyone can achieve high win rates. In fact, that is what most traders especially newbies focus on. Thus, the books and courses etc etc etc. The only edge in successful trading is what do with the trades. This is where the great traders focus. Not on "will I be right", but on "I'm getting out quickly when wrong" and " If right , I will exploit that to the max." Really quite simple and thank you for your corroboration.
That's true and neophytes should only focus on risk management if they wan't to protect capital (and possibly bleed slowly). Many traders at this stage, but I assure you, plateaus will not be broken until they learn to read price. I went through all the aformentioned stages