DislikedI have a related question. Why do most retail traders opt for day trading/scalping instead of swing trading?Ignored
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DislikedI have a related question. Why do most retail traders opt for day trading/scalping instead of swing trading?Ignored
DislikedPete, i can tell you, trust me, during the last four years i have invested over $155k usd so far. In strategy developments. The most hard thing is day trading! This one comes last! And it comes the HARD way. Very few hobby traders, can day trade. These are the top hobby traders. Do not even think to day trade! Weekly/monthly trading is hard enough to learn. Go after it first! In a demo! Never leave the demo, until consistent with weekly/monthly profits. And Pete, leran to flip. Do not use SL! Flip instead! Do not day trade! Not in the next 4-5 years,...Ignored
DislikedI have a related question. Why do most retail traders opt for day trading/scalping instead of swing trading?Ignored
DislikedSwing trading takes more time planning. It's not an impulsive method of trading.Ignored
Disliked{quote} {quote} To switch sides. When I have a loser, instead of cutting it off FOREVER, I change its direction. Forex is a negative sum game. 10 pips SL and 10 pips TP will result in about 50/50 rate. But the spread is like the 0 in the roulette... and it is NOT 50/50 game anymore. Without the spread, it is, but with the spread, it is not. It is very hard to explain in details and no one will read it anyway. Simply put, the spread fucks up the 50/50 probability.Ignored
Disliked{quote} I close it and open a buy. I call it a basket and never stop trading a basket. When doing global closure, there might be many baskets with a negative money value. Usually there are x-times more profitable baskets. The idea is to turn a losing basket into a: 1. Winner 2. Break it even 3. Small loss Again, i have no idea how to explain it with little words. Everyone can take it from here and come up with something good. Anything would be good. Closing a trade at a SL and stopping right there, not chasing the rate to recover the loss, is NOT...Ignored
Disliked{quote} I close it and open a buy. I call it a basket and never stop trading a basket. When doing global closure, there might be many baskets with a negative money value. Usually there are x-times more profitable baskets. The idea is to turn a losing basket into a: 1. Winner 2. Break it even 3. Small loss Again, i have no idea how to explain it with little words. Everyone can take it from here and come up with something good. Anything would be good. Closing a trade at a SL and stopping right there, not chasing the rate to recover the loss, is NOT...Ignored
DislikedWhich is better (i.e more profitable and carries "potentially" less risk, or can it be measured?) Interested to hear opinions on this?Ignored
Disliked{quote} I would like to know, perhaps you could pm me or start a thread? Im interested what your speaking of. What do you mean by basket? like many entries until you make back your profit? all ears..Ignored
Disliked{quote} You are flattering me. I cant start a tread, cause nobody really listens. Few guys will. It is worthless. I do suggest you to carefully think over the idea of examining how exactly the grid strategies gets beaten? I guarantee you there is a mountain of gold behind what you will find for yourself.Ignored
Disliked{quote} You are flattering me. I cant start a tread, cause nobody really listens. Few guys will. It is worthless. I do suggest you to carefully think over the idea of examining how exactly the grid strategies gets beaten? I guarantee you there is a mountain of gold behind what you will find for yourself.Ignored
Disliked{quote} I too would listen. Very interesting prespective. Forget if majority of people wouldnt read the thread. Majority of people are imbeciles and majority of traders are even worse! Start a thread!!!Ignored
Disliked{quote} {quote} You see? I told you! Only few would. OK. After 15 Sep I will open a tread to show you, at least, how you can use 2-3 popular indicators, at least one is completely full of shit and it does not tell you that right in the face (RSI); one can be really useful and it is actually a very nice one (Daily BreakOut); and the ZigZag indicator, which is quite underestimated one (compared to the big group of piece of shit public indicators), still ZigZag is a crappy thing, but that is the best one can get from the public indicators bank....Ignored