The brutal truth of day trading | Page 183 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The truth about trading 164 replies

Truth about trading 9 replies

Truth about online trading...Is this us also? 5 replies

Pulos Bill - The Truth About Fibonacci Trading (Attached) 4 replies

The Bonehead Trader..please be brutal!! 47 replies

Attachments: The brutal truth of day trading
Exit Attachments

The brutal truth of day trading

  • #3,641
  • Edited 5:23am Nov 10, 2021 5:10am | Edited 5:23am
Quoting gepards
{quote} Just do not trade manual if can't handle emotions. I trade 100% automated. Had sometimes to sit in dd several months. Fully rely on EAs in those hard times. Do not touch opened trades... leting EAs handle them. Otherwise total mess. Here 10 months results - all runing EAs (green rectangle) so far produced 22% profits. Some win. Some lose. Diversification works {image} Is it posible to diversify manual trading? No. You as a manual trader you are like 1 "EA". You bet on 1 horse... even that is yourself running. No diversification....
Good response from you gepards! Firstly you made a point when you mentioned "EA" trading 100%" and if you cant handle emotions referencing RickM's high risk scalping strategy. That is very possible. But i disagree with you when you said " is it possible to diversify manual trading? No." it is possible if you know exactly what you are doing. you can choose to open separate account(s) for swing/positions trading (mid-long term) while you have an intra-day account for scalp/swing trading as well. thanks to the meta trader multi terminal platform you can choose to use the platform to monitor your various accounts at one time if you so wish. Someone here can take out some good valid info from your post and "diversify"/create other investment oppourtunities/streams of income. Thank you for sharing.

But my earlier posts still relates to manual trading. Trading is a very broad topic and no 2/3 persons will have same style/system of trading but there are indeed a few "take aways" that relates to trading in general.
Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #3,642
  • Nov 10, 2021 6:27am Nov 10, 2021 6:27am
Quoting pipibrasci
But i disagree with you when you said " is it possible to diversify manual trading? No." it is possible if you know exactly what you are doing. you can choose to open separate account(s) for swing/positions trading (mid-long term) while you have an intra-day account for scalp/swing trading as well. thanks to the meta trader multi terminal platform you can choose to use the platform to monitor your various accounts at one time if you so wish.
you are right. you can diversify manual trading for swing/positions approach. I mean day trading is not possible. tnx for correcting me
  • #3,643
  • Nov 11, 2021 7:51pm Nov 11, 2021 7:51pm
What's been done, being done and whatever your "opinion" is regarding all this, are worlds apart. As usual most people prefer opinions to the basic reality.

"Manual trading" is where one learns. Change the name, change the market it won't matter. EA's are not trading they're maneuvering nothing more.

It's hilarious how there's something like 6-7 BILLION people on this Earth yet majority "prefer" an opinion over real life, yet, when you put together the short-medium-long term framework, they're wrong 100% of the time. How is this possible and is it a real statistic? It is a real thing. Most people never make it to retirement age after a lifetime of actively consistent profitable trading and investment? Why is this? People like to sit on their ass instead of doing proper research, so they're always the last to know. And people prefer a victim mindset so they like to blame and find fault and find excuses. Now mix all that together and you have an inevitable situation arise where 'even when you win, you lose'. Why? Because people think having a 'different opinion' actually measures something. It never does. It holds no weight in real life. Nor do facts. They're both just empty calories.

And so the fallacy surrounding day trading vs swing trading arise as it always does.

Oh well.


Peter
Real Trading is not gambling.
  • #3,644
  • Nov 11, 2021 8:57pm Nov 11, 2021 8:57pm
Quoting PeterCaleb
What's been done, being done and whatever your "opinion" is regarding all this, are worlds apart. As usual most people prefer opinions to the basic reality. "Manual trading" is where one learns. Change the name, change the market it won't matter. EA's are not trading they're maneuvering nothing more. It's hilarious how there's something like 6-7 BILLION people on this Earth yet majority "prefer" an opinion over real life, yet, when you put together the short-medium-long term framework, they're wrong 100% of the time. How is this possible and is...
What the hell is that dribble about now Peter.

Real life?, having a different opinion is bad?

As usual, a waste on 30 seconds of a readers life.
Trading thin liquidity at the boundary of the charts
  • #3,645
  • Nov 11, 2021 10:17pm Nov 11, 2021 10:17pm
Attached Image (click to enlarge)
Click to Enlarge Name: 44202f39bb6c568ae1138fe3a4084d56--annoying-people-quotes-upset-quotes.jpg Size: 58 KB

Attached Image

Attached Image
Real Trading is not gambling.
  • #3,646
  • Nov 11, 2021 10:21pm Nov 11, 2021 10:21pm
Attached Image
Real Trading is not gambling.
  • #3,647
  • Nov 11, 2021 10:23pm Nov 11, 2021 10:23pm
Attached Image (click to enlarge)
Click to Enlarge Name: 1_PdbAfEQA7Hh-9oHzNb_98g.png Size: 330 KB
Real Trading is not gambling.
  • #3,648
  • Nov 11, 2021 10:25pm Nov 11, 2021 10:25pm
Attached Image (click to enlarge)
Click to Enlarge Name: business-commerce-foresight-forecasts-economic_forecasts-data_analyst-beggar-jcen1450_low.jpg Size: 76 KB
Real Trading is not gambling.
  • #3,649
  • Nov 11, 2021 10:26pm Nov 11, 2021 10:26pm
Attached Image
Real Trading is not gambling.
  • #3,650
  • Nov 11, 2021 10:34pm Nov 11, 2021 10:34pm
Attached Image (click to enlarge)
Click to Enlarge Name: coneofplausibility.jpg Size: 133 KB
Real Trading is not gambling.
  • #3,651
  • Nov 11, 2021 10:38pm Nov 11, 2021 10:38pm
Attached Image (click to enlarge)
Click to Enlarge Name: image-1555377867168-7208142890034cb056dc2ae6b93cb6a9.png Size: 45 KB
Real Trading is not gambling.
  • #3,652
  • Nov 12, 2021 1:54am Nov 12, 2021 1:54am
Quoting RickM
{quote} What the hell is that dribble about now Peter. Real life?, having a different opinion is bad? As usual, a waste on 30 seconds of a readers life.
Hi Rick,

I think no one is reading his crap on his thread and he wants to create a bit of "noise" to get noticed. It is his strategy...remember, he started to regurgitate on George's thread.

Still, crap is crap.

Cheers,
B
On ignore list of scammers, deceivers and low IQ individuals. Exclusively
  • #3,653
  • Nov 12, 2021 2:32am Nov 12, 2021 2:32am
Inserted Video
Real Trading is not gambling.
  • #3,654
  • Nov 12, 2021 2:33am Nov 12, 2021 2:33am
Inserted Video
Real Trading is not gambling.
  • #3,655
  • Nov 12, 2021 2:36am Nov 12, 2021 2:36am
Peter try these. They work also real life.

Attached Image (click to enlarge)
Click to Enlarge Name: xanax__67111.jpg Size: 128 KB
  • #3,656
  • Nov 12, 2021 2:38am Nov 12, 2021 2:38am
Inserted Video
Real Trading is not gambling.
  • #3,657
  • Nov 12, 2021 2:45am Nov 12, 2021 2:45am
If you haven't yet figured out that "trading lessons" and "Life Lessons" are one and the same, just with a different "flavor", then this forum site is for you. Nope. The dumbasses play with other dumbasses on their "coffee shop chit chat threads", meanwhile, the real people, who have enough self respect and just want to learn, will do just that..... learn and move on. Just as I will. But most of you are addicted to and "managed" by things like this. Funny isn't it, you make fun of me, yet the real world makes fun of you. Hehehehe.

When your attitude exceeds your capabilities, you're screwed 6 ways from Sunday.

Cheers.

Peter
Real Trading is not gambling.
  • #3,658
  • Nov 12, 2021 2:49am Nov 12, 2021 2:49am
Quoting PeterCaleb
If you haven't yet figured out that "trading lessons" and "Life Lessons" are one and the same, just with a different "flavor", then this forum site is for you. Nope. The dumbasses play with other dumbasses on their "coffee shop chit chat threads", meanwhile, the real people, who have enough self respect and just want to learn, will do just that..... learn and move on. Just as I will. But most of you are addicted to and "managed" by things like this. Funny isn't it, you make fun of me, yet the real world makes fun of you. Hehehehe. When your attitude...
true
  • #3,659
  • Edited 5:11am Nov 12, 2021 2:57am | Edited 5:11am
Okay i agree with these life lessons that Peter try to give. But life is the best teacher you can ever have. So do more, talk less. Fail a million times but never give up, you will become a winner in the end.

So let's trade more, risk more, fail, go through a mental breakdown, feel lonely. It will be alright in the end.
You have to have an IQ higher than 90 to interact with this user.
  • #3,660
  • Nov 12, 2021 3:13am Nov 12, 2021 3:13am
Quoting PeterCaleb
If you haven't yet figured out that "trading lessons" and "Life Lessons" are one and the same, just with a different "flavor", then this forum site is for you. Nope. The dumbasses play with other dumbasses on their "coffee shop chit chat threads", meanwhile, the real people, who have enough self respect and just want to learn, will do just that..... learn and move on. Just as I will. But most of you are addicted to and "managed" by things like this. Funny isn't it, you make fun of me, yet the real world makes fun of you. Hehehehe. When your attitude...
So sorry that you cannot post anymore in Aussi's thread...you perfectly fit in there. I mean, they have in there a bunch of professional liars and becoming professional liars, victims, a nut case with multiple personalities, promoters etc., but they really dont have someone with your profile...a professional crap regurgitator.

I hope Aussi will let you in again.
On ignore list of scammers, deceivers and low IQ individuals. Exclusively
5 traders viewing now