Why is trading so difficult?

[Hotcakes]

I would suggest, for a day trader, no interval of less duration than a 5 minute chart. I live on the 60 minute chart, I keep a 15 minute chart open, and on rare occasion drill down to a 5 minute or some increment of a tick chart. I never liked referring to these as different "time frames," though, of course, a 60 minute chart with 80 bars will cover a much larger time frame than a 5 minute chart of 80 bars.



That is very good. I understand what you are saying. I do not think of what I do in those terms, but I do enter where the necessary stop loss is small relative to the projected profit target.

I understand. Often, the 5 minute can be too granular depending on conditions (chop). However, in a fast moving trend (5% of the time), the 1 mins really shines...

 

[padutrader]

Sounds like both you know how to blow.....accounts.

i have lunch money not account

what is so difficult of risking 1% with target 2%, that is what pros do but it does not make sense if you have 10 usd or even 1000usd as capital

 

[Sweet Bobby]

let us decide that: this is a forum to discuss and exchange ideas with the help of charts.

i agree you are are the best trader in the world who uses neither technical analysis or any analysis at all- you must guess well.
so you do not need to be-we need others help.
why are you here?

You are incorrect oh foolish one! This is not a forum to discuss the help of charts! Rubbish. His is a forum for elite traders. I make no guesses in my trading at all. Everything is methodical, mechanical, strategic and based on quantitative probabilistic outcomes.

My trades are in excess of 90% profitable while you at best might get 50%. Keep on with your losing ways and I will dget four you like the child trader you are.

I am the best. At your best you might wash my car and I might take you under my wing and teach you a few things. You’ve been unprofitable since the 90’s and you’re still dealing with charts and nonsensical technical analysis! Please brother, give it a rest.

Sweet Bobby keeping it real!

 

[Sweet Bobby]

i know, how i should trade, if i want to make a living.

but i just do not have the capital, i need to trade for a living, like a pro:so i trade like an amateur; i trade with lunch money with large leverage so ...i keep blowing accounts.

i do not blow accounts because i do not know how to trade.

Yes you do blow out accounts because you don’t know how to trade. Don’t hide under your small account and justify your crappy behavior.

 

[Sweet Bobby]

Instead of charts, create a spreadsheet with some formulas to tell you when to close trades. My decisions are made with math!

=IF(AND(R87>(0.125*K87),S87>T87),"CLOSE","")

 

[padutrader]

Yes you do blow out accounts because you don’t know how to trade. Don’t hide under your small account and justify your crappy behavior.

then what is there to discuss go spend your money why are you wasting your time here

 

[TKOSTA74]

if the market, is like in the live chart [below] of eurusd, why on earth, would anybody scalp:it is only when the market is volatile in a range then scalp is an optionView attachment 185974

for starters that is an ugly chart.how do you see what is going on.
why do you have dark blue candles on a black background.you red candles are more dominant over blue,which for my opinion will give you a biased decision for going short.
you have two sets of Bollinger bands that in my opinion they don't make sense.i have studied the hell out of Bollinger bands and personally I think they are useless.
clear your chart up and try sticking to support/resistance, channels and trendlines.also pick a visual friendly chart. that is your first step.

 

[padutrader]

You are incorrect oh foolish one! This is not a forum to discuss the help of charts! Rubbish. His is a forum for elite traders. I make no guesses in my trading at all. Everything is methodical, mechanical, strategic and based on quantitative probabilistic outcomes.

My trades are in excess of 90% profitable while you at best might get 50%. Keep on with your losing ways and I will dget four you like the child trader you are.

I am the best. At your best you might wash my car and I might take you under my wing and teach you a few things. You’ve been unprofitable since the 90’s and you’re still dealing with charts and nonsensical technical analysis! Please brother, give it a rest.

Sweet Bobby keeping it real!

i do not lose at all i have a losing rate of zero

 

[padutrader]

for starters that is an ugly chart.how do you see what is going on.
why do you have dark blue candles on a black background.you red candles are more dominant over blue,which for my opinion will give you a biased decision for going short.
you have two sets of Bollinger bands that in my opinion they don't make sense.i have studied the hell out of Bollinger bands and personally I think they are useless.
clear your chart up and try sticking to support/resistance, channels and trendlines.also pick a visual friendly chart. that is your first step.

thanks for your advice you have a big heart.
BB is a tool. a screwdriver is also useless if you use it to open bolts.
BB gives you information about the market,it measures volatility and so when the market trades outside the BB and then trades inside the bands it, the market is getting less volatile.
IT DOES NOT GIVE YOU BUY AND SELL SIGNALS.

If volatility is coming down the market may correct/change direction

Of course BB does not tell you anything new: you may see the same thing in PA.
It is up to the trader to take this information and use it to make trading decisions

 

[padutrader]

Yes you do blow out accounts because you don’t know how to trade. Don’t hide under your small account and justify your crappy behavior.

i have other accounts with other brokers

do you think i am a fool to disclose my account number in a forum?

you are a fool if you are thinking that about my account.
where is the proof you are trading at all?
i am showing small account YOU ARE SHOWING NONE are you above 18?