Large part of profitability is the spotting of trend, and that is difficult

Discussion in 'Trading' started by metatrader54, Aug 25, 2020.

  1. padutrader

    padutrader

    back testing is over rated

    unless you have a basic technical reason for what you are back testing, that may just be not there in the future, simply because it has no reason for being there and which is why most patterns disappear.

    the basic problem with traders is all of them want easy money-which is there for the taking in markets-but they also want big money. easy money cannot be big money.

    if you think this trade can make easy money and it is obvious and so it is high probability. which also means low reward.

    you cannot ask for something which is not there.

    a trend is something that goes on and on and so you can make big money.........but relatively speaking these are not so common. and the strongest of trends, for most of their life, grind and are painfully slow for those looking for a fast buck.

    counter trends on the other hand are viciously fast and so all traders are attracted to them.

    i trade mainly these

    but i am very much aware of what i am doing: i take the small reward that is offered, in absolute terms it is small, but because it is obtained in very little time, it is worth it. you do not need to spend hours in the market watching your position.........

    they say market ranges 70% of the time so why search for the elusive trend... big one......the pot at end of the rainbow
     
    #21     Aug 26, 2020
  2. padutrader

    padutrader

    i made 300% trading it

    but i stay out of trends

    so i like gold.......it is lovely for a hard core trader......

    trading requires that you understand exactly what you are doing.

    obviously you do [undertand] so you stay out of gold.........

    i understand exactly what i do, so trade only gold and make money, lots of it every day.

    you do not need a lot of knowledge to make money in trading but you do need a lot of understanding

    bulls make money bears make money pigs get slaughtered
     
    #22     Aug 26, 2020
  3. padutrader

    padutrader

    do not criticize others needlessly

    why do you not post and show how it should be done

    why do you not let us benefit from your wisdom.

    come on have a heart
     
    #23     Aug 26, 2020
    metatrader54 likes this.
  4. padutrader

    padutrader

    the problem with beginners is that they want fast money AND big money.

    they leave out the easy money because easy money cannot be big....i accept that all day: easy money.... small money......it may all add up... but it is easy money.

    i want easy money

    the beginners want the impossible....the pot of gold at end of the rainbow


    easy money cannot be big because a trade that looks easy.... is easy.... but who ever got huge money for doing easy things?.

    take the low reward it is worth it because you did not have to work for it....it was ....well easy !!!!!!!!!!!!

    high probability trades give low reward.

    this the novice trader does not understand.....they see easy money and think they will get millions........
     
    Last edited: Aug 26, 2020
    #24     Aug 26, 2020
  5. padutrader

    padutrader

    you are a profitable trader.

    well said trading made simple

    yes trading needs focus

    if you know what state the market is in........then it is simple....the state of market dictates the strategy

    trends buy and hold ....ranging buy low sell high.

    i just taught you how to trade in one line...i do not know why so many books are written on trading

    i hate to buy and hold.....so i do not do trends unless it is is an absolute bomb of a trend and then i usually scalp out......i want easy money ..not big money
     
    Last edited: Aug 26, 2020
    #25     Aug 26, 2020
  6. padutrader

    padutrader

    so i am wondering what back testing...searching for strategies.... secret strategies.......edges......have to do with anything
     
    #26     Aug 27, 2020
  7. padutrader

    padutrader

    i too make a lot of money because i understood one part of the market but lose it because i do not understand the whole. this is almost every traders dilemma.......that is why you have trend traders and range traders......but what happens when the market is in a transition phase in between the two. smart profitable traders know when to stay out when it does not suit their method..........but the really master trader is one who understand the whole......there are not many....and most do not make the effort to understand the market or even think it is not necessary to.. they think risk management protects them and it does protect them from losses BUT THE IRONY IS IT PROTECTS THEM FROM PROFITS TOO.....because a stop is triggered only when the trader does not understand that he should reverse and when he does not understand that he is NOW on the wrong side of the market
     
    #27     Aug 27, 2020
  8. padutrader

    padutrader

    spotting a trend is easy if you know how the different parts of a market form, or come together, as a whole.
    if you know a part of the whole then you can still make a lot of money trading that part you know well.
    i made good money when the market was in a range but lost it when the market started transitioning into a trend........because i did not understand this transition. this thread was obviously started because of the same lack of understanding

    this happened for almost 13 years

    i had a lot of knowledge about all different parts but could not see the whole........

    it took a lot of time but now i do
     
    #28     Aug 27, 2020
  9. padutrader

    padutrader

    the main problem with trading is that your knowledge is of little benefit unless enough traders know it too
     
    #29     Aug 27, 2020
  10. %%
    That can be a big problem if you have too sell by 3rd Friday;
    not a problem for investors.And really spotting a trend is not that hard/regardless of volume of traders.[I have paid a bigger bid/ ask spread for lower volume/but thats life+ business...……………………………………………………………………………………………………………………………………..]]]]]]]
     
    #30     Aug 28, 2020