When can I expect profits????
- Thread starter Amkeer
- Start date
orig post by me....
wtf are you talking about??
of course momentum traders short- like when a stock breaks a key support level.......
you can't survive only going long- and thats ludacris to tell someone that. well, at least i sure as hell would never be an "only long" trader.
have you ever heard of bullets before??
wtf are you talking about??
of course momentum traders short- like when a stock breaks a key support level.......
you can't survive only going long- and thats ludacris to tell someone that. well, at least i sure as hell would never be an "only long" trader.
Originally posted by dojibear
... hmmm... read my post again...
.. or maybe I should clarify : as momentum trader, I meant having a buy stp a few ticks above resistance, and sell stp a few ticks below support, if price broke, you're instantly filled, and go for this momentum. You could do that with futures, but not with stocks (short), due to the uptick rule, it the price broke support, you'll have to wait for retracement before shorting it.
Cheers !!
have you ever heard of bullets before??
Originally posted by Amkeer
Pretty sure they are market orders. They are the same bid/ask on my charting software. Sometimes its 1 second fills and others are 3 so the average is 2 seconds.
Just trying to get the push over the top to profitability. Every response here has been helpful in one way or the other. If i can correct things soon it would be wonderful! My wife is 3 months pregnant with our second child and it would be nice if I could smooth out some of the kinks before delivery.
Keep the responses coming! Any and all input is much appreciated.
ahhh, fresh meat for the sharks!!!!
j/k good luck...
Down -25% in your first 2 years isn't that bad..
With a 60% success rate, you apparently have a working method. The key is risk management and hanging on to your profits until your system makes you get out. You shouldn't have any losers on your trade log that will be large enough to hurt your account size.
So, ideally you would have around 45% small losers, 45% small winners and 10% huge winners. The small losers and winners would negate each other and leave you net profitable.
As for time frame, it'll depend on how disciplined the trader is and how soon they develop a set system with risk control. Some people never get it , some may take a couple of months. Desire to continue learning and reading is always good.
With a 60% success rate, you apparently have a working method. The key is risk management and hanging on to your profits until your system makes you get out. You shouldn't have any losers on your trade log that will be large enough to hurt your account size.
So, ideally you would have around 45% small losers, 45% small winners and 10% huge winners. The small losers and winners would negate each other and leave you net profitable.
As for time frame, it'll depend on how disciplined the trader is and how soon they develop a set system with risk control. Some people never get it , some may take a couple of months. Desire to continue learning and reading is always good.