Wow! An excellent discussion!
I have to re-read this this thread and dip my toes in.
I have to re-read this this thread and dip my toes in.
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DislikedMK, if you're trading full-time for the last 6 yrs you're probably profitable for a number of years or you would have gone back to a day job. So assuming whatever you've been doing for the last 6 yrs works why do you want to change your trading style at this stage. Go with whatever works for you coz nothing can argue with money in the bank.Ignored
DislikedHi Fugly,
My scalping was on index futures (Nikkei and Hang Seng) and I felt it was too fine a line to continue with long-term. My success varied wildly with the market volatility. When the whole subprime debacle started in 2008 I had my best results ever as the daily ranges exploded. Scalping for me, leads to high emotion ranging from huge elation and being on top of the world to clinical depression. I tried hard to control these emotions but it seems that the fast paced style enhances whatever I feel. It was affecting my family life, my sanity...Ignored
DislikedIn regards to trading time. If your trading platform allows may I ask you to try a little exercise for me. If its possible and if any other readers know how to do it please let us know in the thread. It is to change the opening hour of your platform so the start of the daily candle is at a hour of your choice.Ignored
DislikedGraeme,
Seeing as there is no momentum, is the 2nd probe still open or do you close it and wait for a better opportunity?
RustamIgnored
DislikedThanks for the reply Graeme. I'll continue to put effort into finding the right time to trade where I can get multiple successes in a row. You are also right that I am analytical and I know it is more of a curse than a blessing with discretionary trading. My first couple years were filled with trading plans and many many explicit rules. Ironically my trading didn't start to become profitable until I let go and trusted my gut.
Anyhow, thanks again.
With season greetings,
MKIgnored
Disliked~
The book will be titled: Building an equity millipede
The book is something that I wish to leave behind as a token of accomplishment.
Sincerely,
GraemeIgnored