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OK, fine.
I see number 4 in you post; strange, but i also use 4 hour charts also.
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Two Questions For Practicing Day Traders
- Thread starter ironchef
- Start date
OK, fine.
I see number 4 in you post; strange, but i also use 4 hour charts also.
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Here is something else I do for example for this week. Let's say you are profitable after M through Thursday. I will take off Friday and just maybe do practice trades on Friday. This is what is going to happen this week. Now if my trades did not work out today, I would try to trade on Friday. The reason for this is I don't want to turn a winning week into a losing week right before the long weekend.
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Good discovery, almost as good as Columbus ;
in the sense of trade equity trend.
I took off Columbus day, not because of the bond markets closed LOL\
i simply like to take off every now + then.
On investments /really doesn't help;
even though OCT spikes [if i get too many wrong LOL] I cut back those on also.
Cash metals, cash copper , almost never take off, but do schedule that business around stuff like SPY ,qqq or QLD bench mark market patterns...............................................
I would do the opposite, meaning I would trade tomorrow if I lost today after being profitable up till today - which I am and so far today as well. Although not bigly.
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Good points\
but he had a better pattern/up P+L m-F.
[In other words much better to work 5-6 days than 2] NOt saying you work only 2 days week, or he just works 4-5 days a week]
. For him i call his PaPer trading ,work.....I remember don Bright Daytrading Co used to like to mention how few hours a week he worked LOL.And rail against trader aliases that disagreed with him LOL
Should I trade Friday? I had a bad day today.
Bad how so?Should I trade Friday? I had a bad day today.
Losses or not following your rules? Hopefully not both?
Today was that type of day where you were an hero or a zero.
You are correct sir.