Hi Millionaire This is actually my song of choice: [MEDIA] You are right of course, it could all be baloney. Still, there is enough there to...
You are right; the similarities are superficial really. The main thing is that you can lose a lot of times in a row, even if the odds are in your...
Thanks for all the replies. I trade the Dow, Dax and FTSE indices, which have plenty of trends both up and down every day, even in a bear market...
Anyone who has been day trading for any length of time will have had this experience. You watch a market for a while, and you see a nice steady...
I see the phrase 'We are in a bull (or bear) market' a lot. In that context it sounds predictive, even if subconsciously.
I think TA works well enough. My query was why anyone who thought it didn't could talk about a bull market, which to me pre-supposes some implicit TA.
I’m not a great proponent of TA, but when I see posts deriding it, and then in the next sentence see talk of bull markets and bear markets I am...
As stated before, you do not have to win every bet. It is down to an edge and an average expectation per bet. Say you have £1000, and spreadbet...
I have come across two or three people on here who sound as if they are profitable day traders. It is hard to tell for sure of course, as a lot...
Yes perhaps so; but the majority lose money, so have a negative expectation for each trade.
Ok, I think we agree then. What size edge do you have?
Just going on the figures quoted by brokers that something like 80% of retail traders lose money. The figures seem to vary a bit, but it would...
I don't 'dare to assume' anything about profits. If you set a stop at 2%, the average profit for most day traders will be negative, as most day...
Not at all. Here’s an example. Say you have £1000, and spreadbet £1 a point on the Dow each day. You set a stop at 20 points. So your risk is...
Thanks for this. Actually I thought your previous chart was good too. Possibly the Dow is too volatile to have these more solid looking levels.
Thanks for the responses on this. I have done a small amount of research on my own chosen instrument, the Dow 30. Although there are some likely...
Glad to hear you are making reasonable progress. I finished reading Brooks book for the second time today, and spent some time on the final...
I can imagine the concepts of support and resistance might work for individual stocks, or maybe for Forex. This is because I can imagine traders...
How are you doing so far? Are you in credit? Any setups that are working better than others? I've just been looking at Brooks 10 favourite...
Thanks for your response about inside bars padutrader. I will look into them further.
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