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Intraday Trading is gambling
Jul 29, 2016 at 07:24
prakash104 posted:Tombuontien posted:
Well ,
Life is gamble...
Yes friend, whatever you said is true.But being a swing trader, I am trading slowly and I have linked my real live account with myfxbook. Also, now I am in a profit of 20% account growth.I am not doing intraday trading.Can you show me your trading results in myfxbook with intraday trading approach.??????
Sure, i think its about forecast (The big pic), timing ( like ocean waves ), money management and emotions (the "market", and the hardest: the own)...
device
Aug 02, 2016 at 06:49
It is not gambling, being in a trade for hours is perfectly fine if you are very good at reading what price is doing. Being in a trade for seconds or a few minutes makes sense only if you have an algorithm and have huge funds so that you able to tell keep spreads very very low.
Losing is the only way to learn.
Mitglied seit Dec 11, 2015
1462 Posts
Aug 07, 2016 at 09:50
I agree. No trading is gambling if one has the tested strategy for it. "Tested strategy" being the operative phrase here.
Mitglied seit Feb 07, 2016
33 Posts
Aug 08, 2016 at 05:23
Not only tested strategy is enough.If you fail to follow your trading plan with discipline, then you are gambling in the markets.
"Slow and steady wins the race"
Mitglied seit Feb 22, 2011
4573 Posts
Aug 08, 2016 at 08:35
Hi guys,
first you need trading plan. It does not matter what timeframe and what trade duration you trade.
It does matter if you are satisfied with your plan. With the trades opening, closing, your risk, profitability.
It could be easier to execute your plan via EA, especially when scalping.
I believe not many people here have will strong enough to stick to these very basic.
BR
Tomas
first you need trading plan. It does not matter what timeframe and what trade duration you trade.
It does matter if you are satisfied with your plan. With the trades opening, closing, your risk, profitability.
It could be easier to execute your plan via EA, especially when scalping.
I believe not many people here have will strong enough to stick to these very basic.
BR
Tomas
Mitglied seit Dec 11, 2015
1462 Posts
Aug 08, 2016 at 13:46
togr posted:
Hi guys,
first you need trading plan. It does not matter what timeframe and what trade duration you trade.
It does matter if you are satisfied with your plan. With the trades opening, closing, your risk, profitability.
It could be easier to execute your plan via EA, especially when scalping.
I believe not many people here have will strong enough to stick to these very basic.
BR
Tomas
True, sticking to one's trading plan regardless of the circumstances is a difficult task that requires a lot of discipline and emotional fortitude.
Aug 10, 2016 at 11:51
FusionPRO posted:
This is all relative to opinion, in the end nothing matters but the numbers.
And that's the debatable part, the numbers! Your stats are awesome, low DD and good gain.
The more the numbers increase, then it can be a matter of 1 or 2 trade sequences that will blow it, that's what newbies don't see. Understand the numbers people.
Keep at it
Aug 10, 2016 at 12:14
Magiic posted:
And that's the debatable part, the numbers! Your stats are awesome, low DD and good gain.
The more the numbers increase, then it can be a matter of 1 or 2 trade sequences that will blow it, that's what newbies don't see. Understand the numbers people.
Thanks for your kind words.
That is true the main problem I tend to come across with traders on here is they are trying to generate excessive high returns but in doing so this generally creates more risk as you'd imagine and then the majority struggle to last longer than six months. Not always the case but for the most part I feel it is accurate.
Mitglied seit Dec 11, 2015
1462 Posts
Aug 17, 2016 at 08:50
Traders really need to learn early on that Forex is more of a marathon than a sprint. If you try to sprint you'll just fall on your face more often than not.
Mitglied seit Sep 14, 2015
1 Posts
Aug 18, 2016 at 06:00
Truly a marathon..
forex_trader_332302
Mitglied seit May 28, 2016
192 Posts
Aug 19, 2016 at 08:38
I think stay too much time on market is gambling. Cause of news. You can't predict in long term the market. You can't guess good or bad news.
Less you stay on the market more you can predict price.
It's my opinion of course ;)
Elena Chopin
Less you stay on the market more you can predict price.
It's my opinion of course ;)
Elena Chopin
Mitglied seit Feb 22, 2011
4573 Posts
Aug 21, 2016 at 06:20
Elena_Chopin posted:
I think stay too much time on market is gambling. Cause of news. You can't predict in long term the market. You can't guess good or bad news.
Less you stay on the market more you can predict price.
It's my opinion of course ;)
Elena Chopin
yes exactly!
Mitglied seit Feb 22, 2011
4573 Posts
Aug 21, 2016 at 06:21
Elena_Chopin posted:
I think stay too much time on market is gambling. Cause of news. You can't predict in long term the market. You can't guess good or bad news.
Less you stay on the market more you can predict price.
It's my opinion of course ;)
Elena Chopin
BTW were you user altescgroupinc here on MFB?
Aug 21, 2016 at 07:02
i agree the news all ways dictates how the market moves. I think it's better to trade after major news or open trades before major news & get out of the trade. You can trade after a major news release & be sure where the market is going !
Mitglied seit Dec 11, 2015
1462 Posts
Aug 21, 2016 at 09:33
yique posted:
i agree the news all ways dictates how the market moves. I think it's better to trade after major news or open trades before major news & get out of the trade. You can trade after a major news release & be sure where the market is going !
Not necessarily. Sometimes all the market does is form a whipsaw and return where it was before the news.
forex_trader_332302
Mitglied seit May 28, 2016
192 Posts
Aug 21, 2016 at 11:16
togr posted:Elena_Chopin posted:
I think stay too much time on market is gambling. Cause of news. You can't predict in long term the market. You can't guess good or bad news.
Less you stay on the market more you can predict price.
It's my opinion of course ;)
Elena Chopin
BTW were you user altescgroupinc here on MFB?
????
Elena Chopin
Mitglied seit May 04, 2012
1534 Posts
Aug 21, 2016 at 11:43
(bearbeitet Aug 21, 2016 at 12:01)
Intraday trading is "gambling" only for those who don't know how to do it right.
It is as much "gambling" as playing poker is "gambling" for professional poker players...
BTW, I concur with previous statements of HolyGrail, Tomas (vontogr) and Elena.
It is as much "gambling" as playing poker is "gambling" for professional poker players...
BTW, I concur with previous statements of HolyGrail, Tomas (vontogr) and Elena.
Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
Aug 21, 2016 at 14:03
mlawson71 posted:yique posted:
i agree the news all ways dictates how the market moves. I think it's better to trade after major news or open trades before major news & get out of the trade. You can trade after a major news release & be sure where the market is going !
Not necessarily. Sometimes all the market does is form a whipsaw and return where it was before the news.
Yes, thats a ""knee jerk"" reaction to the news relkease & can be traded by ""fading the spike"". But something like an interest rate decision or NFP & you'll know where that market is going !
Aug 21, 2016 at 14:03
FxMasterGuru posted:
Intraday trading is "gambling" only for those who don't know how to do it right.
It is as much "gambling" as playing poker is "gambling" for professional poker players...
BTW, I concur with previous statements of HolyGrail, Tomas (vontogr) and Elena.
I have won 298 trades out of 300. If you can win that many roullete of poker games in a row then yes fx trading is gambling !
