You missing the main points for ST vs LT.
LT will have edge in nature if you don't do something stupid, not for ST
What are the pros and cons of short-term trading versus long-term trading?
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You missing the main points for ST vs LT.
LT will have edge in nature if you don't do something stupid, not for ST
1. the longer the term, the closer your profit rate will become to 50/50
2. Longer term gives you more time to think / plan, M1 is reacting and thinking fast and on your feet, 5 seconds is enough for a trade to be forgotten or lost.
3. Longer term, due to the 50/50 factor will make or lose a smaller % of your account. ( Losers prefer Longer, they lose slower and vice versa )
4. Longer term, due to the 50/50 again, losing traders will be nearer the 50/50, so yet again bad traders will prefer Longer term, short term 80% win rate is possible and 80% lose rate ofcourse.
5. To get rich from nothing, master the M1, to build on existing wealth Longer term is fine.
6. Short term, you can have 20 trades in a day, therefore richer or poorer faster.
The 50/50 is your random chance, ( luck for some ), bad trades have enough wiggle room to hit the TP ( Vice Versa ), short term your pretty much right or wrong, there is no room for error and very little room for the market to change to get you out if wrong.
It's not the TF you trade which is the isssue, it's the SL size you trade!
2. Longer term gives you more time to think / plan, M1 is reacting and thinking fast and on your feet, 5 seconds is enough for a trade to be forgotten or lost.
3. Longer term, due to the 50/50 factor will make or lose a smaller % of your account. ( Losers prefer Longer, they lose slower and vice versa )
4. Longer term, due to the 50/50 again, losing traders will be nearer the 50/50, so yet again bad traders will prefer Longer term, short term 80% win rate is possible and 80% lose rate ofcourse.
5. To get rich from nothing, master the M1, to build on existing wealth Longer term is fine.
6. Short term, you can have 20 trades in a day, therefore richer or poorer faster.
The 50/50 is your random chance, ( luck for some ), bad trades have enough wiggle room to hit the TP ( Vice Versa ), short term your pretty much right or wrong, there is no room for error and very little room for the market to change to get you out if wrong.
It's not the TF you trade which is the isssue, it's the SL size you trade!
Mind to elaborate what is 'edge in nature'?
As far as trading is concerned, edges could be found on both ST and LT.
the time period is actually a red herring: what is important is the size of the moves that you need. If you can achieve big moves in a short time period (e.g. daytrading in 2008 or daytrading nasdaq stocks in the 1998-2000 era), then great because you can make money faster. However in 'normal' trading, the larger, profitable, more predictable moves are in bigger time frames.
Pros & cons of long term vs short term trading?
I made over $782,000 profit from one position initiated on Sep 15 2014, covered a few months back for over 4200 points in total:
Averaging not less than 175 lots. Up to 220 lots at times. Trading around position.
Several rollovers
Where are the (INTRA)day traders with at least $1 million in accumulated EXTRACTED PROFITS from the markets (even after several years)?
I made over $782,000 profit from one position initiated on Sep 15 2014, covered a few months back for over 4200 points in total:
Averaging not less than 175 lots. Up to 220 lots at times. Trading around position.
Several rollovers
Where are the (INTRA)day traders with at least $1 million in accumulated EXTRACTED PROFITS from the markets (even after several years)?
Seriously, does anyone actually believe anyone in retail has a) the skills and b) that kinda capital at risk.
Photoshop, we are all fully aware of it!
This is XINA50 back during the parabolic Chinese climb. Each lot is 2k margin so I do think this is possible with someone who recognizes the situation and has the margin to back it up.
Yes. Seriously.