Why is trading so difficult?

scalping is tough, very few can do it well. Those that can, god bless them.

Look to trade longer term. 4 hours + hold time. My average hold is 8 hours up to 3 days on my shorter term systems. I have longer term systems too.

My two cents, it's more difficult to trade shorter term than longer term.
 
Palindrome said:
scalping is tough, very few can do it well. Those that can, god bless them.

Look to trade longer term. 4 hours + hold time. My average hold is 8 hours up to 3 days on my shorter term systems. I have longer term systems too.

My two cents, it's more difficult to trade shorter term than longer term.
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i found out i tried for ten years
 
Sweet Bobby said:
Everything you show me will be history. Everyone is a denim’s after the fact.
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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?
 
Market trends and ranges.

Profitable traders know to pyramid into trends and stay out of chop.

If you don't pyramid into a trend (make the most of ur winners) you will lose over the long term

If you cant figure out how to stay out of chop you will lose over the long term as your account will quickly erode

You must do both

Start with a journal. Start with one instrument. Use three time frames. 1 minute 5 minute 1 hour. Record ur performance every day. Each new trading day record ur observations, trade rational, profit or loss on the day, the session price range of the instrument traded and whether it was tradable or not during that time u were in the market (ie not a news spike)

So for tight range days u want to see in ur journal u put on a low number of trades. And took a small loss. If ur trades per day are high and ur taking large losses during range days u need to focus, clamp down and figure out how to stay out of the chop as it's killing ur account

Same with trend days. Record all info. Session range etc. If ur not capitalizing on trend days with more positions on during the ride u will lose over the long term. If u don't see this in ur j
Journal then u need to figure it out
 
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Palindrome said:
scalping is tough, very few can do it well. Those that can, god bless them.

Look to trade longer term. 4 hours + hold time. My average hold is 8 hours up to 3 days on my shorter term systems. I have longer term systems too.

My two cents, it's more difficult to trade shorter term than longer term.
More...

This is true. Ideally us human traders should all be day trading our entries and swing trading our exits. Iow minimize risk and maximize profits.
 
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.
 
Hotcakes said:
Market trends and ranges.

Profitable traders know to pyramid into trends and stay out of chop.

If you don't pyramid into a trend (make the most of ur winners) you will lose over the long term

If you cant figure out how to stay out of chop you will lose over the long term as your account will quickly erode

You must do both

Start with a journal. Start with one instrument. Use three time frames. 1 minute 5 minute 1 hour. Record ur performance every day. Each new trading day record ur observations, trade rational, profit or loss on the day, the session price range of the instrument traded and whether it was tradable or not during that time u were in the market (ie not a news spike)

So for tight range days u want to see in ur journal u put on a low number of trades. And took a small loss. If ur trades per day are high and ur taking large losses during range days u need to focus, clamp down and figure out how to stay out of the chop as it's killing ur account

Same with trend days. Record all info. Session range etc. If ur not capitalizing on trend days with more positions on during the ride u will lose over the long term. If u don't see this in ur j
Journal then u need to figure it out
More...
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 option
j15.png
 
traderGOD said:
yes trading continuations and reversals are the most reliable of trades.

then why do 95% traders not make money?

i think it is because 90% of the time you spend in front of the computer you are doing nothing.

Experienced traders do this very well.

I had to go through hell waiting until i discovered ET unfortunately only recently.

i think it is why successful traders teach novices to pass the time.

That is why i tried for a decade to practice and master scalping....i only managed to lose my shirt and everything else besides ,all because i could not sit doing nothing.
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Two big reasons: 1) Trading psychology. Some traders ego get in the way. The friend I was teaching to trade, she had a huge position on VRX then, in a downtrend. She bought call options. I told her she was trading against the trend. I told her to buy put options to recoup her losses. You know what she did? She bought more call options, adding more and more losses! Ego got to her. She cannot believe she is wrong when the stockchart clearly shows the trend is down! Like running towards a tsunami and not away from it which is the correct decision!
2) Risk Management, no matter your account size, you must not risk more than 2% of your account in any trade. If you do not follow that, you risk blowing up and losing all your monies! So, if you have an account size of $2,000, you cannot risk more than $40 per trade. If you have an entry of $20.00 and stop loss at $18.00, total risk is $2.00 so, how many shares should you trade? $40/2 is 20 shares@$20 is $400.00 allotted to that trade.
 
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