I tried my hand at trading CFD with online brokers that are springing up , my conclusion is people would be better off trading directly with exchanges , the spread which we loose to brokers is quite substantial. I think this forum is filled with majority who loose in trading and its not because...
I have finally acquired an advanced skill in my trading - knowing when NOT to trade
i have learned to accept that each and every move cannot be participated in and having no position is the best way to grow the a/c along with indulging in mini-vacations every week :lol:
i have learned to...
Lmao! :twisted: I have been in this business long enough to know this statement is false! No one "in reality" helps another achieve something infact a lot of them will sing a sweet song to bring one down "in reality"
What i meant was not my trading accuracy rather my goal is to achieve 2 out of 3 from the following in my trades and if i am able to do that i am happy
a) Avg Win Amount > Avg Loss Amount
b) Avg Win Trade Time > Avg Loss Trade Time
c) Accuracy >50%
This week i am happy that i achieved a) and...
It depends on you what timeframe is suited for you. I trade it on a 1 Min timeframe charts,as for indicators, its again your choice. Read books on TA you will understand what sort of tools are at your disposal so you can make a informed decision. I see you use Heiken Ashi and its as easy as...
In each individual market system's accuracy is ranging from 34% to 100% but collectively win% is only 51% week-on-week basis [yesterday i had a profitable day on 42% accuracy] . For the first time i am cutting losses short so thats why i have a good amount of loosing trades. I am observing...
I have started recording timing element since last 2 weeks. My trade stats goes like this for the last 2 weeks for intra day positional trading. I have stopped scalping for good now. I am just concentrating on getting myself relaxed for accepting losses and i am coming to terms with distracting...
Well to be honest every wisdom we hear about how we should behave in markets is total bull **** and I think its the one sole reason of losses.
I sometimes feel that trading is not going well for me other times i feel as if i couldn't do anything wrong , i trade full time alone from my home...
Honestly speaking once we enter in this business , One should not quit as you never know when inspiration might strike for exponential growth. Longer Term Systems if diversified properly based on basic Technical knowledge can provide decent "average" wages provided one is not attached to only...
On an average 4 trades per market. I trade 8 markets and it depends on which market is active. I am now going live another system for Stock & FX which is long term in nature in comparison to current one. Lets see how it works out in live, Simulation Longs hit rate is 55% [1.8:1 Reward/Risk...
Yes on that particular day $12 in Crude Oil. Average is $120 though. In India people my age group (23 years) earns in a month what i earn in a day :innocent:
My trading accuracy is nothing to boast its less than 50% but variability of position size usually helps. N = Normal Size , 1/2(N) = Conservative Size , 2(N) = Aggressive Size. Honestly speaking we just have to accept that we are not Einsteins and just put on trades without thinking of...