Do you make money 4 out of 5 days?

[mauzj]

How many of you guys can make money 4 out of 5 days, without giving everything back on the 5th day?

 

[everyonerich]

i've seen there are people can do much better than me!

 

[arabianights]

Could do if I wanted, but prefer a slightly more risky approach at the moment... help, what should I answer!?!!?!?

 

[advfntrader]

yes but lose more than I make on the 5th. this is the problem I am trying to solve!

 

[Paul71]

How many of you guys can make money 4 out of 5 days, without giving everything back on the 5th day?

Most small retailers should be easily hitting this type of target, it's not like they have tons of contracts to move around. Trouble is, newbies get towed down the road of 'one day, one trade', which is overlaying the market with quirky personal opinion.

 

[porph]

yes. Although I dont trade all 5 days.

 

[forex999]

How many of you guys can make money 4 out of 5 days, without giving everything back on the 5th day?

yes i do
sometimes will even make money 5 outa 5!
but they are quality trades

 

[JTrader]

I average about 1 pip per minute of screen time
they call me johnny appleseed every where i go
because i rake in the pips from everywhere

 

[TomTom]

I try to trade 3-4 days a week.
Most of the time Im profitable 80% of the time over the week.
Its not what you win its how much you looses that mattors........

 

[Mr. Charts]

I trade US stocks intra-day four days a week and make money every day. I know that sounds unlikely and like BS to most people, but I've been trading since 1999 for a living and tend to be quite cautious, sometimes reducing position size and risk when in good profit - unless it is a strongly trending day.
I also only trade very high probability situations, sometimes 3-4 a day, sometimes 20.
Tight stop losses, using level 2 T&S, momentum etc. also help considerably.
Richard

 

[Mr. Charts]

Having no gambling urges and having long since conquered the emotional problems of trading, also help.
Richard

 

[porph]

I trade US stocks intra-day four days a week and make money every day. I know that sounds unlikely and like BS to most people, but I've been trading since 1999 for a living and tend to be quite cautious, sometimes reducing position size and risk when in good profit - unless it is a strongly trending day.
I also only trade very high probability situations, sometimes 3-4 a day, sometimes 20.
Tight stop losses, using level 2 T&S, momentum etc. also help considerably.
Richard

Having read some of your posts about how you trade, I wouldnt doubt that for a second.

 

[abaty]

Yes, but I havn't managed to totally eliminate the odd very bad losing day when I give a lot of it back. It's usually when I break my own rules, get over confident and overtrade! I need a discipline hairshirt!!

 

[Mr. Charts]

Yes, but I havn't managed to totally eliminate the odd very bad losing day when I give a lot of it back. It's usually when I break my own rules, get over confident and overtrade! I need a discipline hairshirt!!

That's usually over-confidence, occasionally boredom in a slow moving market, abandoning method just for the sake of trading, trying something new and so on.
Assuming you are day trading, try and get it anchored in your mind that you are only as good as your last trade; yesterday's success has no bearing on today's trading; it's not "you", it's your methodology. None of that is strictly or literally true, but you need to mould your own mind into a shape which is best fitted for trading.
Think of it as self-training, like a paramedic getting on with the job at an RTA or a doctor in A&E and not being put off emotionally by anything (s)he has to deal with.
Richard

 

[neil]

Education = Freedom

I try to trade 3-4 days a week.
Most of the time Im profitable 80% of the time over the week.
Its not what you win its how much you looses that mattors........

let loose = release
You lose your shirt

loose floor boards

losses = plural of loss

lost = didn't win

lose = cease to have or be defeated

:smart::smart:

 

[neil]

First steps

Yes, but I havn't managed to totally eliminate the odd very bad losing day when I give a lot of it back. It's usually when I break my own rules, get over confident and overtrade! I need a discipline hairshirt!!

You are on the road to success because you recognise your shortcomings. Good luck

 

[trade-killer]

can't that impossible.

 

[TomTom]

let loose = release
You lose your shirt

loose floor boards

losses = plural of loss

lost = didn't win

lose = cease to have or be defeated

:smart::smart:

Thanks for the English lesson M8 ,

 

[Hoggums]

A proportion of my trades close at break even after I've moved the stop. So do they count as winners or losers?

 

[mauzj]

A proportion of my trades close at break even after I've moved the stop. So do they count as winners or losers?

I was enquiring about pnl at end of day, rather than pnl of individual trades.