Disliked{quote} Hi PipC, -no I would not agree with position trading being more profitable because if I show you 1h and daily chart and don't tell you which is which you would not know. -from my experience the one and only reason why people loose trading is because we are naturally wired to fuck up when it comes to trading and gambling. It's like we are born to be loosers. The mechanism is in us, it's not the broker playing games (for the most part).Ignored
I set my candlesticks to the same colour (not red/green) as this one thing causes so many problems. If we're buying and a candlestick turns red we immediately panic and think the market will now plunge against us! Without the colours changing, you can take a more relaxed attitude to how things are playing out and not have your panic button triggered so often.
Also, stop getting obsessed with the candle's open and close. This is irrelevant. I'll prove it to you.......
Find a significant 'next candle open/close' on the H1 time frame. Mark it.
Now go to the H4 or Daily time frame. Where's your precious open/close now? Exactly!...... Lost inside a larger candle and not relevant at all. John Bollinger says something very similar in one of his webinars, and has even programmed candlesticks with no wicks (just the body) as he feels, as I do, that the open/close thing is just a distraction. (anyone know where I can get these?)
Are we born losers as you suggest? Certainly some are, but these people shouldn't be trading with real money!
Just my thoughts, feel free to disagree.