Why is trading so difficult?

[Hotcakes]

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.

If you can make money unleveraged, why cant u make money leveraged with appropriate risk control....

Sounds like u know what ur doing u just won't do it

 

[RRY16]

If you can make money unleveraged, why cant u make money leveraged with appropriate risk control....

Sounds like u know what ur doing u just won't do it

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

 

[Hotcakes]

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

Ah. The bucket shop hero chimes in

 

[Frederick Foresight]

I have been learning and studying technical analysis since 1994 but i still cannot turn a money profit.
I do not make a loss in demo/sim.

If it were easy who would take the other side of the trade?

 

[padutrader]

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.

ego: today i know trading is a game of survival.
survive this trade .....

 

[padutrader]

If you can make money unleveraged, why cant u make money leveraged with appropriate risk control....

Sounds like u know what ur doing u just won't do it

i am not making a living, i am gambling:can you make living with lunch money? so why bother trading like a pro

 

[Hotcakes]

i am not making a living, i am gambling:can you make living with lunch money? so why bother trading like a pro

Fund seeders and places like the collective are great for undercapitalized traders with a profitable track record.

 

[zenemini]

are

are you from India? this comment makes me think you are

No, Sir, I am not.

 

[zenemini]

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.

I consider myself a day trader, but a day for me is 24 hours, so I am not necessarily exiting at the close of the "pit" session. I hold for target or stop loss, and I let the market take as long as it takes to get to one of those prices.

Start with a journal. Start with one instrument. Use three time frames. 1 minute 5 minute 1 hour.

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.

This is true. Ideally us human traders should all be day trading our entries and swing trading our exits.

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.

 

[zenemini]

I didn't even know you could view pornography in the Supreme Court. Please send me their post-code.

"I shall not today attempt further to define the kinds of material I understand to be embraced within that shorthand description [hard-core pornography], and perhaps I could never succeed in intelligibly doing so. But I know it when I see it" Justice Potter Stewart, SCOTUS, Jacobellis vs Ohio, 1964