Research on day trading

[Turveyd]

I hope you don't view my comments as criticisms or preaching.

I think there is a fine line between day trading and gambling so be careful not step from one side to the other side. You had many successful years and winning streaks, so obviously you know how to trade. Perhaps the others were correct, it was risk management?

Don't quit, you will figure it out.

Regards,

I occasionally, let losers run and blow big chunks, which blows confidence, but getting rarer and rarer as times goes on, so there is a not wanting to take loser issue.

I don't gamble, not got that mentality don't worry.

New method is just 24sma + 2 x BB 24sma 1 and 2 setting, simple momo following, using the BB for range to entry with direction and exit when broken as likely direction change, all market I watch performing well tonight!!

 

[Turveyd]

I agree,

A website name...is just a website...Name;
the idea of this site harboring a ton of Elite traders sounds hilarious and like fairytale big dick land,

See we get on, no need to Troll me and no need for me as per my first post in my thread track you down and kill you slowly, it's there in writing, you've been warned! LOL

"Piss taking, is allowed but trolls will be hunted down and killed very slowly!"

 

[smallStops]

I hope you don't view my comments as criticisms or preaching.

I think there is a fine line between day trading and gambling so be careful not step from one side to the other side. You had many successful years and winning streaks, so obviously you know how to trade. Perhaps the others were correct, it was risk management?

Don't quit, you will figure it out.

Regards,

People who have been long enough in trading, have gained a very unique knowledgeunderstanding of the market. This is what the 10,000 hours screen time brings.
The hurdle for them is to get over the believe they know it all:
"money management ?" : not for me
"psychology ?" : not for me
"spirituality?" : not for me

May be this is where it is much easier to coach youngsters or "out of the norm" type of people,
when they get in coaching: they believe they don't know much, and are willing to try
different approaches as long as it gets them to progress.

Now Turvey is also finding escuses to feel comfortable " yeah I had fun" , "yeah I had a good time". When some of these type of mentality people get into doing their meditation, they realise the depth of their ignorance, and it becomes " I was programmed like an addict, happy in my addiction, justifying my addiction, etc".
Reminds me of this drug addict who was given a choice : 6 months jail or 2 months in a rehab center. The addict chose the jail time. As he also said "he has fun".

 

[Turveyd]

People who have been long enough in trading, have gained a very unique knowledgeunderstanding of the market. This is what the 10,000 hours screen time brings.
The hurdle for them is to get over the believe they know it all:
"money management ?" : not for me
"psychology ?" : not for me
"spirituality?" : not for me

May be this is where it is much easier to coach youngsters or "out of the norm" type of people,
when they get in coaching: they believe they don't know much, and are willing to try
different approaches as long as it gets them to progress.

Now Turvey is also finding escuses to feel comfortable " yeah I had fun" , "yeah I had a good time". When some of these type of mentality people get into doing their meditation, they realise the depth of their ignorance, and it becomes " I was programmed like an addict, happy in my addiction, justifying my addiction, etc".
Reminds me of this drug addict who was given a choice : 6 months jail or 2 months in a rehab center. The addict chose the jail time. As he also said "he has fun".

Or Maybe I've been trading on and off for 20years, mainly off as you can see and just kinda losing interest in the chase and the challenge, every problem solved just leads to 2 more problems to solve.

I've been full time twice, markets are just too messy, too much news creating random moves.

Not that I've quit yet, I plan to give this method a good try, but lack of time and a holiday so it'll be 2 - 3 weeks before I even attempt to give it a bash

 

[murray t turtle]

are you saying trading is similar to brain surgery lol

%%
Sounds like he is; IBD did also, complete with charts[ medical] . One big , importance difference is few doctors confuse risk taking with gambling.; you never see a horse bet on a track meet LOL