I'm successful as a swing trader only because I've developed a trading algo with excel that helps me fund optimal entry points with far lower risk. Win/loss ratio is about 90% during past 1.5 years. No stop losses. My returns are 106% over past year ...60% annualized. I think trading difficulty increases the more you decrease the time range where trades are taken place. So scalping is arguably the most difficult Risk management is extremely critical. Position size should be adjusted based on key technical indicators.
Thank you for explaining, and it’s great to hear you’ve made a profit! In the financial world, it’s often the case that the longer the time horizon, the harder it becomes for most people to turn it into a winning strategy.
How day trading is riskier than others? Did author hear about stop loss? Even in volatile market, you cannot blow up account with one position. You loose only what you can afford. If you trade without stop loss, then this is not a trading but gambling. Every course about reading in their first lessons teach about stop loss.
With or without a stop loss, the probability of success on any given trade remains below 50%, making it unlikely for most people to achieve consistent success through trading.
I'm successful as a swing trader only because I've developed a trading algo with excel that helps me fund optimal entry points with far lower risk.
Win/loss ratio is about 90% during past 1.5 years. No stop losses. My returns are 106% over past year ...60% annualized.
I think trading difficulty increases the more you decrease the time range where trades are taken place. So scalping is arguably the most difficult
Risk management is extremely critical. Position size should be adjusted based on key technical indicators.
Thank you for explaining, and it’s great to hear you’ve made a profit! In the financial world, it’s often the case that the longer the time horizon, the harder it becomes for most people to turn it into a winning strategy.
We need to stop calling it 'day trading' and call it what it is ... Gambling.
Most of the time, it’s a losing game.
How day trading is riskier than others? Did author hear about stop loss?
Even in volatile market, you cannot blow up account with one position. You loose only what you can afford. If you trade without stop loss, then this is not a trading but gambling. Every course about reading in their first lessons teach about stop loss.
With or without a stop loss, the probability of success on any given trade remains below 50%, making it unlikely for most people to achieve consistent success through trading.