Explain Trading Simply

G

guest41766

0 0
Albert Einstein: If you can't explain it simply, you don't understand it well enough.

Trading: is to warehouse risk for the shortest possible amount of time. Your best trade will be when profit is quickly hit (relative to trading time frame) your worst trade will be held for a long period of time ultimately ending in loss.
 

wmram

Member
53 18
Try to profit from something that you saw on a relatively ambiguous (the closer to the right-hand edge the more ambiguous) price chart.
 
  • Like
Reactions: guest41766
G

guest41766

0 0
Mentioning price charts I have disposed of them. If watching the market all day and see price trade from 00 to 60 with a correction between 60/35 the chart offers no greater insight than what was observed on the bid/ask window. Greater trade conviction can be obtained from noticing speed of moves.
 
Last edited by a moderator:

wmram

Member
53 18
I am of the opinion rightly or wrongly that a sizable amount of price movement over the course of a normal day has as its intent to trap and hold volume. So, the question is are you seeing the early stages of an extension in price that you can profit from or are you being drawn into a situation wherein after having entered price is capped and you are trapped. I'm not sure bid/ask windows will help with that.
 
G

guest41766

0 0
Bid ask window wont help -the only way to know if market trapping is to get trapped take a small as possible loss then catch the flush.
 
G

guest41766

0 0
A lot of traders don't realise you have to give (loses) to get (profits)
 

kevinberry

Junior member
40 6
I agree. Your worst trade can help you to learn more about trading and you must cover your losses to earn well in trading.
 

Henow1969

Well-known member
286 34
If a trader wants to be successful and earn more and maximum money with trading then he should different stratgies and have a good plan.
 
G

guest41766

0 0
Markets do either two things 1. Mean revert 2. Trend. Any strategy need to be able to adapt to both conditions.
 
G

guest41766

0 0
Swing trading strategies and grail quests don't seem to work/last. Scalping from the gut has better strike rate. Not saying traders can't find grail systems but it's not easy.
 
  • Like
Reactions: trendie

Elsa50Pounder

Junior member
20 0
Trading is like gambling to me. Even after serious assumptions and research, things can turn around and you can win or lose it all. But for me it has always been worth it.
 

peto

Established member
965 107
Trading: The optimistic belief that one can predict the next move of a market better than 100,000 other traders, many sat at high speed terminals direct linked to the exchange trading huge accounts, or advised by the research products of highly paid quants. With the objective of taking more cash off them than they take off you.
 

peto

Established member
965 107
Logics and facts are what matters. Emotional decisions are not most welcome in trading.
Logic and facts are already priced in to the market, by people getting and processing change faster than a retail trader can. Markets seemingly irrational movements ("noise" on a chart) are due to the behavior of crowds, predicting these movements with intuition or emotion or whatever may be more likely to produce results.
 
  • Like
Reactions: wmram
 
AdBlock Detected

We get it, advertisements are annoying!

But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.

I've Disabled AdBlock