The brutal truth of day trading

Quoting JamesSmithFX

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The brutal truth of day trading is very simple. The small time frames are not your friends! Day trading is counterproductive no matter the strategy you have. The math does not lie! You can easily see that short term trading as anything below 1 day gives you very bad odds.

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Quoting ryuryu

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{quote} Too fast! Daily timeframe trading is counterproductive no matter the strategy you have. The math does not lie! You can easily see that short term trading as anything below 1 year gives you very bad odds. Also you must draw lines, rectangles and place fibo levels! More fibo levels more wins! If you are super professional trader then you can draw triangles and even cycles. Remember to have black background on your charts. It looks more professional then white.

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Quoting mixedbags

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{quote} 0.1 - 0.3? what is the account size, 500k?

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Quoting Ihlas

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{quote} LOL What about spirals? What about indicators? More indicators - more profitable you are

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Quoting ryuryu

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{quote} It is next level! And remember to add more same type indicators! For example at least 5 oscillators is much better than 1.

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Quoting mixedbags

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{quote} I experienced 69 have you? On a serious note this will be the last time the5ers is offering their free evaluation account. Sign up and we will experience it for a month together, O yeah, i love it in birthday suit.

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Quoting BWilliam

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{quote} Today I have fever from vax jab so I could not trade Franky. I got better so maiden trade NYO. This challenge is not easy given the rules. Guys, post about real trading. This way other members may learn from it. Just saying. Ok, back to lurking mode. Ps Btw I'm a math algo trader. First time trading with mt5 is a challenge with a different platform. {image}

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Quoting BWilliam

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{quote} Today I have fever from vax jab so I could not trade Franky. I got better so maiden trade NYO. This challenge is not easy given the rules. Guys, post about real trading. This way other members may learn from it. Just saying. Ok, back to lurking mode. Ps Btw I'm a math algo trader. First time trading with mt5 is a challenge with a different platform. {image}

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Quoting JamesSmithFX

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The brutal truth of day trading is very simple. The small time frames are not your friends! Day trading is counterproductive no matter the strategy you have. The math does not lie! You can easily see that short term trading as anything below 1 day gives you very bad odds. First of all, the trading cost will have great effect as the short term trade horizon reduces the probable trading range by the square root. This means that scalping for example is really really bad. Cost increases in percentage terms relative to profit potential multiplied by...

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Quoting bilal1947

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{quote} It depends upon the person not on the time frames or the available tools...{image}

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Quoting here2there

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OK, this is off topic, but I figured it will help to lighten things up for anyone who may be under stress. It's the funniest thing I've read in a long time. Pa. Police Break Up ‘Exorcism' in Home Depot Lumber Aisle

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Quoting BlackNapkins

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{quote} Vegans kill plants...

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Quoting bilal1947

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in the beginning i thought this trade report indicator is bluffing me, and yet it keeps bluffing me every day ... i am surprised The brutal truth of day trading: LFT - more opportunities, less risky - $$/time spend in from of screen worth it. {image}

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Quoting BWilliam

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{quote} Today I have fever from vax jab so I could not trade Franky. I got better so maiden trade NYO. This challenge is not easy given the rules. Guys, post about real trading. This way other members may learn from it. Just saying. Ok, back to lurking mode. Ps Btw I'm a math algo trader. First time trading with mt5 is a challenge with a different platform. {image}

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Quoting Ihlas

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{quote} You were hiding next level tools. Now everybody knows it!!! Guide how to use same type of many indicators so that will be crystal clear for everybody. Reveal the gems.

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Quoting bilal1947

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{quote} You should have withdraw your profits, and start again with the same equity, that i can advise but what you think can be the issue and how you're planning to fix that. Just asking so i can learn something while you overcome it.

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