Day trading a suckers game?

Discussion in 'Trading' started by BearTrades, Dec 24, 2019.

  1. speedo

    speedo

    I track the same, my targets lie in the sweet spot in average MFE. I don't hit home runs but that's OK as my W/L percentage and proportional size result in profit.....and profit is the final arbiter.
     
    #91     Jan 13, 2020
    SimpleMeLike likes this.
  2. schizo

    schizo

    "Those who know don’t talk. Those who talk don’t know."

    ― Tao Te Ching
     
    #92     Jan 13, 2020
    ironchef likes this.
  3. Thank you speedo for the response.

    I am leaving the "let the winner run" and "wait for the big winner" day trading mindset and I would like to take the small profits and frequently. However I still record the results of a trail stop winner daily for data collection. I want to get more comfortable with taking the profits and preparing for another setup to see if this fits my personality and mindset.

    It is good to see we track the same thing.
     
    #93     Jan 13, 2020
  4. speedo

    speedo

    Everyone is different and have different levels of patience, discipline etc. I don't have the best trade plan in the world but it works for me. Everyone has to find what works for them.
     
    #94     Jan 13, 2020
    Zodiac4u and SimpleMeLike like this.
  5. Thanks speedo,

    Yes, that is something I am slowly learning about myself. BUT the catch is, i would never know what works for me if I do not take the time to try.
     
    #95     Jan 13, 2020
  6. It's definitely a suckers game if you trade manually without a strict mechanical decision making system.
     
    #96     Jan 14, 2020
  7. ma_trader

    ma_trader

    It works, if one learns to swing trade successfully first, i feel day trading should not be done in isolation, it should be done with swing trading.
     
    #97     Jan 30, 2020