yep it was joke......nothing serious like you said
that is why i did not report it.
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Why is trading so difficult?
- Thread starter padutrader
- Start date
that is why i did not report it.
i
also i do not want to trade longer term because i need the excitement and occupation on a daily basis. i am 61 years old and am not sure how long i can continue so i just trade small for fun.i am a pensioner who loses a little of the pension every month to have fun
so it is really nice for all of you to help me but.....
you cannot teach a old dog new tricks.....i have been at it for 10 years in day trading and 25 years in technical analysis but my execution skills are a problemTake it easy traderGOD. "Dog" (and dogs generally) doesn't have the negative meaning it does in some societies and cultures, perhaps including yours. In my part of the world it can be a term of admiration, though slightly critical, for men who have lots of female partners. Either way, I don't believe anything really serious was intended, just some word-play.
Maybe more relevant to this forum, "dog" can mean any stock which performs very badly against its peer group. Look up "dogs of the Dow" for more on this.
Back to trading - are you surely thinking you need a defined and standardised strategy with which to try to improve your trading? If you can't define and measure what you are doing, how would you know what to change? And by how much? And how would you know whether it was the right thing to change anyway?
also i do not want to trade longer term because i need the excitement and occupation on a daily basis. i am 61 years old and am not sure how long i can continue so i just trade small for fun.i am a pensioner who loses a little of the pension every month to have fun
so it is really nice for all of you to help me but.....
Because you are essentially trying to guess the future. Unlike the stock market, most other markets (e.g. commodities, forex) don't have a long term bullish bias. The further away you deviate from 0%, the more unlikely it is.
Take it easy traderGOD. "Dog" (and dogs generally) doesn't have the negative meaning it does in some societies and cultures, perhaps including yours. In my part of the world it can be a term of admiration, though slightly critical, for men who have lots of female partners. Either way, I don't believe anything really serious was intended, just some word-play.
Maybe more relevant to this forum, "dog" can mean any stock which performs very badly against its peer group. Look up "dogs of the Dow" for more on this.
Back to trading - are you surely thinking you need a defined and standardised strategy with which to try to improve your trading? If you can't define and measure what you are doing, how would you know what to change? And by how much? And how would you know whether it was the right thing to change anyway?
i have seen i always have the right idea in trading but invariably the market gives some price action which changes my mind and i change my bias.
i think the main problem is deciding time frame.
this price action is valid for which time frame?
there is always price action which is noise and deciding what is noise and what is not noise,in the context of the time frame you are trading is the critical part: what is noise to a 4 hourly trader is a bull market to a 5 min trader.
if you do not know this you will be like me.So i have to focus on this aspect because my chart reading is not bad
i
you cannot teach a old dog new tricks.....i have been at it for 10 years in day trading and 25 years in technical analysis but my execution skills are a problem
also i do not want to trade longer term because i need the excitement and occupation on a daily basis. i am 61 years old and am not sure how long i can continue so i just trade small for fun.i am a pensioner who loses a little of the pension every month to have fun
so it is really nice for all of you to help me but.....
But you are doing so badly when you could be doing so much better. You could have more money, which enables you to have a more pleasant life and have more fun. You could surely find something more fun than daytrading. Day-trading is not the only way, and may be not the best way, to fill your hours.
yes that is trueBecause you are essentially trying to guess the future. Unlike the stock market, most other markets (e.g. commodities, forex) don't have a long term bullish bias. The further away you deviate from 0%, the more unlikely it is.
that is why i am continue to learn; this forum has really helped because i am for the first time in my life interacting with good traders.But you are doing so badly when you could be doing so much better. You could have more money, which enables you to have a more pleasant life and have more fun. You could surely find something more fun than daytrading. Day-trading is not the only way, and may be not the best way, to fill your hours.
we have to decide what time frame we want to be because then and only then you can decide what is noise or not noise.
that is why i am continue to learn; this forum has really helped because i am for the first time in my life interacting with good traders.
we have to decide what time frame we want to be because then and only then you can decide what is noise or not noise.
Your spirit is positive, but you are not learning, you are just reading.
you have been going down the wrong path. technical analysis is complete hog wash.
All people who fail in TA tell this.
Just like all people who cannot read tell that reading does not work.
i think i have learned a lot in this forum in less a than a monthYour spirit is positive, but you are not learning, you are just reading.