The problem is to be disciplined 100%. That’s hard.
All good questions that we need to think carefully about before fading.
I am still struggling on this exact problem and I suspect many traders are in the same situation. My understanding is that’s just how human...
Even in the industry (biotechnology) I work in there’s a ton of work can be automated that’s currently done by fallible humans.
My understanding is whatever law simply doesn't apply to stock market in the short term, where day traders operate unfortunately. Price can truly...
Day high/low or both often appears during the first 1-2 hrs of the trading day. If you realize it you know the price will very likely go the...
Realizing day high/low is a significant edge.
It looks like you have a very small edge. With more time and experience your edge will grow so you can comfortably do longer trades.
Intentionally or not I believe the market definitely seems to manipulate human weakness, in particular human emotions. However, I am not sure...
LOL politics vs. economy.
Market always extends more than human cognition.
I am talking about any penny pickup trading in the financial markets, being it options , equities, etc.
If you’re not doing HFT why try to pick up pennies? I used to pick up pennies in front of a train and 99% of time I eventually got run over with a...
Yes! There’s an audio version on audible.com.
Do you realize being a trend follower you’re predicting the “trend” is continuing? I suggest watching some YouTube videos by Denise Shull. She has...
And got lucky on Covid. Jeez
Exactly! It’s like whenever I am watching the market every one of my prediction is correct but as soon as I start real trading I am losing. ;)
Need to separate determination from stubbornness. I used to be more stubborn than determined. lol
I think it’s the same logic for trading equities, finding the 5% chance consistently and take quick small losses when realizing it’s not the 5% trade.
But you just don’t know on a consistent basis. Where is the edge? My conclusion is if everyone or most people can see something it’s not a true edge.
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