Look for just two trades per year - Page 2
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Thread: Look for just two trades per year

  1. #11
    Hi Daveadbds,

    I totally agreed with you. Would you share your system out out so that we may know of what term trading is?

    Quote Originally Posted by ;
    I bet this informative article gets a lot more perspectives than my previous ones. Why? Becasue of this guarantee of quick pips- and that is precisely the problem.
    You need patience to become really successful in gambling. You must be prepared not to trade for extended periods waiting to come along. If you can't do this you will always give your money back to people who do- folks like me.
    But I do not want YOUR cash. Without taking it off you guys as well as 13, there is plenty out there.

  2. #12
    Quote Originally Posted by ;
    Hello Daveadbds,

    Welcome to the forum, and thank you for sharing your thoughts and ideas.

    While I do agree with a lot of what you stated, including, You will need patience to be really successful in trading, and, After some losing trades that they abandon their system and look for another, but I do not agree this, Anything less than 4H charts are for adrenalin junkies.

    To believe that you may only always make money from your 4H chart or higher is, quite frankly, ignorant, and also to say that only professional traders (those individuals whose primary income is from trading year after year) utilize longer time frames entirely is simply untrue. Personally, I know scalpers using the 5 and 1 minute charts (althoughthey are aware of longer timeframes), and they earn a respectable living.

    Over the years I have seen many trading fads come and go, and this issue of timeframe appears to repeatedly emerge every so often. When day trading and trading become popular, traders flock to smaller period compressions, and after many traders attempt to fail with this method, the tide turns and then everybody is praising the effectiveness of their larger time compressions (generally 4H and larger ).

    Being a good trader has little to nothing to do with the scale of your chart. It has everything to do with understanding price action, market plogy, and commerce direction, which includes but is not limited to cash, business, and psychological management.

    Daveadbds, I am glad you're here to share your expertise with those less powerful on your own, but please do not permit your limitations in thinking to hinder individuals who might not know any better.

    Best Wishes,
    Art

  3. #13
    But please tell me, to input the trade - you state - You use the SL wide enough,
    exactly what exactly does it just mean (please give me an instance of the trade)

    Second tell me , as the starter and cash limited can I manage it in accorance with cash management policy - I mean how much cash do I want to begin playing like this.

    The answer will be really appreciated.

  4. #14
    Quote Originally Posted by ;
    1. Don't waste your time piddling about on 5, 10,15,30,60 or perhaps 4H charts. Anything less than 4H charts are for adrenalin junkies who are addicted to trading. I you do make money on these time frames 95% of you'll give it all back over time. Another 5 percent must lead shallow lives before their displays. I NEVER spend more than half an hour every day looking for transactions. The remainder of my time that I fish, traveling, sunbathe and make love.You make more cash by trading . Overtrading=loss
    Dave, this is a good post.

    While I agree with your own trading style (since it works for me - charts under 4hrs are probably best left handed...), I have also seen enough over time to realise that there are so many ways to make money in the markets as there are genetic mutations....whatever that means.

    I realise that you didn't say that it's *necessary* that successful traders exchange your manner, but there certainly are several other successful traders out there addicted to the screen.

  5. #15
    There is no reason to not open more than 1 account (or sub-account) and trade long-term trend whilst leaving yourself some room to have fun scratching for instant riches and bonus pips...

  6. #16
    Hey Dave, normally exactly what percentage of loss do you take into account at the first entry?
    And convinced you will add to your position slowly along the way once the trend persists? What about the'super' drawbacks - get out of the train or simply allow it to consume all your'profits'?

    Enjoy.

  7. #17
    Appears Dave lingers no longer here following last August...

    :_)

  8. #18
    U can try yearly trade..if u have patience. .

  9. #19

  10. #20
    Various people have different trading approaches that are effective: end of. It's foolish to say sweeping statements.

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