Disliked{quote} A clear insane and unrealistic dream. It's impossible to make money like this in the markets. You will have losing days and winning days.Ignored
- Maybe truly seen as insane for some but not for the man milking the markets in his pajamas before the sun comes out.
- Dreams are targets not realized, dreams can become a reality once properly approached.
- Yes i agree about losing trades, days, and winning days but clearly you did not read postings made before you took your precious time to share your thoughts.
- If you can create the spreadsheet that can account for the losses that would be greatly appreciated otherwise it's not wise to judge based on just your own experience, a room of 10 traders using the same system can all experience different results based on their approach, psychology and overall experience.
One advice i may give is to try to stick to one strategy for more than 6 months and review it whether daily or weekly,both the bad results and the good results.
- There is a plus especially if you have it automated where there will be no human intervention causing errors or delay in execution. You will find that as the weeks go by, one will observe something new each and every time, especially if you know what is needed.
- A life Changer is if you incorporate the use of a journal to jot down the favourable conditions or settings as well as those moments you dislike and would happily live without. With the journal the settings and conditions that were favourable may become the only conditions you will eventually seek to take advantage of otherwise known as the sweet spot.
- This recorded information versus memory (brain) will eventually give you an edge rather than the first time you started without long enough experience on the strategy. At that stage you will probably view things from a different perspective, where you been through the different conditions of the market.
Note Well, the style of trading should be understood by you inside out, while using the right broker, with spreads, market maker versus STP or ECN so that you will have the necessary conditions to function properly. When you know what the mission is and what is being targeted, you will be able to aim better.
Once any changes takes place you can pick it up and make adjustments as the need arise. You may find that some assets may not work well while others are on point, you may find that unfavourable entries are taking place at a certain time based on increase in spreads. You may find that you are trying to scalp with too large a spread size. There are many variables that can be put on the table, I personally don't know everything, but the little i know is good enough for me. I wish everyone success, everyone will not experience it, so talking and sharing about things that can help make the journey easier or more clearer can help even one person.