I am not able to generate profit if any successful strategy, Indicator or tips you have, suggest to me.
Which Trading System Or Strategy Is The Most Profitable?
- Thread starter biglivetrade
- Start date
BLSH (buy low sell high)
you back-tested it?
You are not going to develop an robust trading system until you thoroughly understand price discovery and that only comes with many hours of unbiased observation. Markets change personality and if you don't understand how to make appropriate adjustments, performance will tank....even if you initially have something which "works".
There isn't a magic potion you can use to make profits. What works for one trader will be a consistent loser for another.
But there are common assumptions made by new traders who never become winners and if these are avoided it would certainly reduce the probability of early or dramatic wipe-out.
I'd suggest new traders and struggling traders should avoid -
day-trading
trading reversals
trading without a stop-loss
averaging down
risking more than 2% of their account capital per trade
But there are common assumptions made by new traders who never become winners and if these are avoided it would certainly reduce the probability of early or dramatic wipe-out.
I'd suggest new traders and struggling traders should avoid -
day-trading
trading reversals
trading without a stop-loss
averaging down
risking more than 2% of their account capital per trade
Search YouTube for "profitable trading system" -- if there are too many, add "for free."
That article is from 2008.
Their performance wasn't too spectacular after that. Liquidated fund in 2017.