Well I myself am not a scalper and also don’t look for scalping opportunities. My main target is finding day trading opportunities and does not matter in which session it appears.
You are right. It is normal to have losses. One can not be right all the time and those who are serious about trading will accept it and move forward with a plan where they will account for losses.
Knowledge and skill alone are not enough. Traders need to turn them in to something which will bring them positive pips and keep bringing it over the long run.
Your way of trading is similar to mine. After analyzing I enter the market with a determined stop loss and even though I set a profit target, I keep myself open to take any profit depending on what charts shows me.
Your experience speaks for yourself. You have not set a target which is impossible to achieve and set a reasonable one. Hope you are consistently being able to achieve your target profit.
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It’s not about right or wrong. A trader is doing to does not guarantee that he will do good in future as well. That is why many investors diversify their risks and invest in different managers to reduce risk.
Well it’s obvious they won’t be able to do it since these things are new to them. We all have been went through that phase. lol
And it’s a good thing you mentioned revenge trading. It is one of the worst decisions trader make when losing. Where the right action would be to step back from...
In another post you said you have been doing good yourself. Is there any relation to your success with this person you are talking about? And do you know the method of this trader’s trading?
Well when people realize the nature of things and see what’s beneficial for them or not, they tend to remove themselves from that path. If businesses operate honestly then people will be willing to work with them. In case of options, I don’t see any honesty in them. Only conflict of interest.
Good for you. I myself have not achieved freedom. But hopefully will achieve it in near future. There are times when it breaks me but I don’t deviate from the path.
Do some google or visit FPA and you will see lots of regulated brokers where people suffer after they have made profit or using a profitable strategy. There are ways dishonest brokers can exploit rules. And it is difficult to find an honest broker. You should search for yourself of what works...
Can’t disagree. Photoshop is everywhere lol. But there are trade explorers and screenshots are not a viable option. But the sad thing is newbies still fall for those.
Profit and loss. This will happen when a trader trades. No one can predict the market precisely all the time so they have to take losses in to account. And a good plan can turn those net profits in to some good amount of profits.
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