I now exit/stop trades myself. Often I was late on exiting the wrong trades so I need to practice more. One way I am looking at this is I know...
As much as I like your thinking it’s still leaving out the critical issue of how to identify a wrong trade and when to exit it. I don’t have a...
For day trading, it doesn’t matter long or short. I use both but shorting is more difficult since most downtrends are quite jagged.
The problem is it’s like drinking poison to quench thirst. You’re dead in the end.
Day trade or swing trade you got to have the flexibility to get out the market anytime. Too much risk I think, especially if you trade UVXY, which...
If you trade often why do you have a cash account? Margin account is the way to go.
Well my win rate has been over 80% this year so far but I am down for the year. Win rate indicates nothing. A friend of mine averaged down this...
I wonder how Ken is doing with his UVXY today. Hope he had dumped it prior to today’s big bounce up.
All is true. In the end it’s the trader who really matters.
We should all be happy and hopeful.
This is the key. It doesn’t happen often but when it does it’s so obvious.
Guess SunTrader is right. This is all pretty much generalized meaningless stuff. ;)
But the turtles didn’t do well afterwards due to the market changes. Although the principles hold true one needs to constantly adjust to the ever...
I’d like to hear your specific meaningful stuff if you care to share. :D I am all ears.
I know of those big shots but you’re just cherry picking here. In addition, they probably won’t do so well in today’s environment as the market...
Yes I am a day trader because I don’t think one can see the trend clearly and consistently for any time longer than a few minutes or hours. The...
I would say 90% time the “trend” we see is either fake (due to market tricks/traps) or just noise. Only 10% time market shows a true trend that is...
I think automated algo trading doesn’t necessarily exclude looking at the trend. If the program looks at the market data it’s “looking at” the...
In the end we’ll be all dead. Timing matters. Lol
Nice write-up but those are not really aha moments but merely revelations during the learning process.
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