so many Traders are getting killed

Quote from NY_HOOD:

i talked to quite a few traders and most say they are getting killed.
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You've surrounded yourself with bad traders. Most guys I know are killing it this year.
 
the way to lose money in this market is to hold longs expecting a bounce-or knife catching.This is a bear market so rallies should be shorted...going long is suicidal.
I literally stopped trading 3 weeks ago.The daily 1-2% moves in opposing directions is not my game.Yesterday and today are perfect examples of that - i was sort of kicking myself for not buying mcd at the lows yesterday for an overnight hold and today mcd gets clipped.The risk is against buying dips...too much whipsaw if youre position trading equities.

Soemtimes the best trade is no trade.
Until the bear trend is over i will favor shorting.
 
Quote from NY_HOOD:

i talked to quite a few traders and most say they are getting killed. now,one would suggest that a volitile market is great for trading. not so in the real world. most guys hold losing trades overnight or with the hopes of that famous 3:00 turn around. true,a great trader can take small losses but 95% of traders don't stick by that rule and let losers ride. thats why 95% of traders fail. just rambling but i speak the truth.
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Most traders are always thinking of "catching the trend". Well, there are times when it's "all chop, no trend".

Traders with a "trend bias" tend to not do well in a chop market. Traders with a "range/chop" bias tend to not do as well in a trending market.

To make big money (or even consistently good money), one must be able to figure out when to play for "chop" and when to play for "trend". Easy to identify in hind sight, but of course that's not worth much.
 
Quote from gnome:

Most traders are always thinking of "catching the trend". Well, there are times when it's "all chop, no trend".

Traders with a "trend bias" tend to not do well in a chop market. Traders with a "range/chop" bias tend to not do as well in a trending market.

To make big money (or even consistently good money), one must be able to figure out when to play for "chop" and when to play for "trend". Easy to identify in hind sight, but of course that's not worth much.
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buy the dips and sell the rips.
 
<i>"To make big money (or even consistently good money), one must be able to figure out when to play for "chop" and when to play for "trend". Easy to identify in hind sight, but of course that's not worth much."</i>

Intraday traders have it easier: sell the confirmed breaks down from consolidation and buy the confirmed breaks up from consolidation.

Buy the early lifts and sell the early breaks. Expect every trade taken to go at least 2x if not 3x the initial risk on a stop. When done right, at least half (or more) trades will do exactly that.
 
Both of you guys have described how to play "chop/range".. and that's perfectly correct part of the time.

You apparently think with the "range" bias, as do I.
 
This thread typifies trading in a nut shell.

Some traders do well in some markets while others do well in other market conditions.

After 10 or so years you learn how to trade them all.
 
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