How many of you guys can make money 4 out of 5 days, without giving everything back on the 5th day?
How many of you guys can make money 4 out of 5 days, without giving everything back on the 5th day?
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
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!!
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........
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!!
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:
A proportion of my trades close at break even after I've moved the stop. So do they count as winners or losers?