Ironically one of my most profitable trading experiences was binary options. But it was: a) in 2005-2006. b) Due to those options being...
Just gambling, but higher deal costs vs. traditional instruments.
I would first of all take anxiety test, because stress factor is about the most severe in trading.
Wrong. First your goal must be real.
Counting all days off as money lost is the shortest way to becoming a workaholic and being exposed to chronic stress. Not something recommended to...
Prove them wrong by at least paper test, you're ready to trade. Or prove them right and exploit that, you're good to go, too.
I would recommend an unusual step: start with "Black Swan" and "Random Walk Down Wall Street"...
I still research markets as a function of human behavior, which is much more interesting actually than looking for technical patterns. ;)
You won't make money with patterns alone.
I was more a merchant than trader before I started. So basically came back to that now. Trading was a quick short period compared. :)
B) I really got tired of sitting so much at screens, finally wanted to have a life.
A) equity swings became too large. Borderline inconsistency.
You are welcome to ask as many questions as you want, JAA. :) I switched from trading because:
I tell people I don't trade anymore, almost nobody believes, they think I just made it and conceal the truth.
Much more common among traders indeed. :D
Your R:R is skewed toward risk I assume. You are probably aware that some day it may hit you. That causes fear.
Hence I don't think I have a moral right to recommend something related to directional trading assuming I don't do it myself. :)
Hello JAA, honestly the only financial instruments I trade now is options (spreads, mostly long volatility in areas of congestion).
Would care less about the win rate and look at net profit instead.
Yes I'd definitely say it is recommended to choose style with the most chances for success considering your personal traits. Including an option...
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