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- Mr J replied May 26, 2010
That's not equivalent to a daily goal, but to a trader having the intention of profiting on a trade they make. We all make a trade with the intention of profiting. The equivalent to having a daily goal in trading would be Tiger intending to finish ...
Your Daily Pip Goal?
- Mr J replied May 26, 2010
None. I don't have goals, other than to achieve a return that satisfies me. Performance will vary significantly year to year, so a daily goal would be even more pointless. I can also only make what I make, and no goal will change that.
Your Daily Pip Goal?
- Mr J replied May 26, 2010
It's not as simple as quantity. Yes, a faster trader will make more trades, trade more opportunities. They can trade smaller moves both ways, so in theory could cover a greater total range. I just don't think it works this way in practise, at least ...
why is everyone so afraid to average down?
- Mr J replied May 26, 2010
What does capital amount have to do with it? I assume you're challenging profitability of slower trading against faster trading, but the fact is that profitability depends on the trader, not the timeframe. Position traders can be flexible, and time ...
why is everyone so afraid to average down?
- Mr J replied May 25, 2010
I am pissed off. I'm watching price rise, and a bloody stop order not being executed.
EURUSD
- Mr J replied May 25, 2010
It's far more than just hedging, if that is what you're implying. Trading an index trades all products within the index, so it's going to be a tool widely used by those who want a position on the overall market.
Differences between trading indicies and other markets
- Mr J replied May 25, 2010
Stocks are not traded in isolation, but as part of a larger market. It's a two-way street, but in times of activity and movement, the overall market has far more weight.
Differences between trading indicies and other markets
- Mr J replied May 25, 2010
Yes, you're missing index futures. Very large markets. Seems I may have misunderstood, but the second point still stands. There's plenty of action in the indices to drive themselves. Stock markets are puddles.
Differences between trading indicies and other markets
- Mr J replied May 25, 2010
I don't enter with the intention of losing a trade, but if the market retraces and offers better prices, I'll take advantage of it. I don't usually scale in though, as most of my entries are standard entries. When I do scale in, it's to limit ...
why is everyone so afraid to average down?
- Mr J replied May 25, 2010
I don't see a war, I see something that has just trickled down for a couple of days.
EURUSD
- Mr J replied May 22, 2010
A trade with a large advantage and 80% winrate out mathematically justifies a much, much larger wager than a more marginal trade with a 30% winrate. 10% isn't "gambling" at all. Any swing trader or slower should be dealing with edges that justify ...
EURUSD
- Mr J replied May 20, 2010
Haha, what a laugh. Reminds me of whenever I watch financial news - particularly analysts.
EURUSD
- Mr J replied May 20, 2010
This is awesome, but only because I'm completely flat. I've been incredibly lucky to not only have closed almost all of my eurusd position 15 hours ago, but to then transfer it into shorting yen pairs, and then close it all a couple of hours ago.
EURUSD
- Mr J replied May 20, 2010
Yes. I can only speak about my own trading, and I've found that the significantly reduced risk more than makes up for lesser profit potential. It really does depend on how and what we are trading though. I can see how this could be a poor strategy, ...
why is everyone so afraid to average down?
- Mr J replied May 20, 2010
I think it's pretty obvious that I was talking about success in nothing more than a financial sense, so who is starting the rumble?
EURUSD
- Mr J replied May 20, 2010
I'm not talking about successful traders, but the most successful traders. I'm not suggesting longterm trading is superior for everyone, just that it isn't necessarily inferior.
EURUSD