If you have a small amount of money to work with, you are a market timer. I think most retail traders fall into this category. Fundamentals mean nothing to small undercapitalized traders. Timing price extension is what is of greatest importance. If you are one of these small undercapitalized traders, you are someone that's trying to scrape together a modestly profitable side hustle. Fundamentals may come to mean something to you when you have a viable trading account, but till then just try to make 10 pips a day. You gotta start somewhere; forget about the fundamentals till you're managing portfolios.
Renaissance haven't beaten the S&P for the last few years.
Bloomberg - Are you a robot?
www.bloomberg.com
What made you think this way, I don’t think it’s designed to take retail investors money all though it does seem like that some times.
It's not purely efficient if you try to fit assumptions of efficient market into real market. Take for example that all agents are price-takers or same thresholds or constraints for all market members. This is simply not true and this may hide trading opportunities.
You think the 5% of retail traders that actually money make ignore the fundamentals? No way!
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Small undercapitalized retail traders don't have the capital to whether too much heat while fundamentals become the dominant driver of the price move. I'm inclined to think most retail traders are small and undercapitalized. I could be wrong about that. My point was directed toward what I believe to be the retail trader. I do believe that you are a market timer, and I do believe that you'd be better off spending time practicing looking for and participating in price extension that will make a 10 + pip scalp. Save the fundamentals for later when you've made money and proven that you've got staying power in this industry. Work on fundamentals when you can afford to trade markets from the perspective of a patient trader.
Trends are only visible in hindsight .Most trend traders lose money in chop , when breakouts become consolidation zones.There are more trend failures than trends materializing , most traders lose money trying to find the illusive trends.
The markets seek where ever liquidity lies in order to match orders placed by central banks. They don't see most retail trader money but it tends to be in the same place as it is for large hedge funds so retail get slapped around sometimes. At least that's my opinion of it.
Using Buy Stop/Sell Stop often triggers an entry a bit earlier. Thus, the price may hit your stop loss and go towards your anticipated direction later. I suggest that you take entry in a live market after having confirmation candle. Do some practice on demo account. I am sure it will help. I am wishing you best of luck.
Streak of wins create this illusion and it's important to not fall into a dream and keep your hunger in check because it's the time when things could go sour.
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