If one can predict/see a real trend in real time (not in hindsight) that’s a tremendous edge. All theories are useless.
Good for you! I try to remain positive after a big loss. No sushi from Japan though.
LOL this happened to me so many times as if the market knows exactly what you’re trying to do.
I have built a few templates in TOS, such as stop at 1 unit ($) and target at 2 units ($) and stop at 0.5 unit and target at 1 unit, etc. Usually,...
This is very common in trading. I have battled with taking losses for a long time and finally decided to use preset a hard stop for every trade...
This morning I sensed AMD weakness and shorted around 10:30am but got out during the subsequent volatile bars with only a small profit. [ATTACH]
I use 5-min candles and 1-3 mins line charts. Any more candles than 5-min are too much for my eyes. The lower time frame lines give me more...
I think it’s either momentum play or reversal play depending on your perception of the market/price trajectory at that time.
It doesn’t happen every day but if you recognize it in real time when it happens you got a significant edge.
How do I dislike? :sneaky:
Candles definitely provide more price info. Using both gives you an even more complete picture.
Well market doesn’t go technically as we wish. :D
Try different time frames.
I use both candles and line chart. When they align it’s very likely to be the right direction.
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...
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