What type of trader you are?

Macyjones posted:

Dictiony posted:
What type of trader you are? Short term or Long term? I am a long term trader and you?

I prefer short term trading

why?

The one that is very happy with his trading system😎

PROFITINGSYSTEMS posted:
The one that is very happy with his trading system😎

good one 😄

Stay profitable my friend

greenbandits posted:

PROFITINGSYSTEMS posted:
The one that is very happy with his trading system😎

good one 😄

Stay profitable my friend

Thank you Friend and You too.Just be patient and apply Good RiskManagement and you are profitable.

I am newest type of trader:))

Asher_Shih posted:
I am newest type of trader:))

Then you still have a Lon way to go, Welcome on-board

I am a scalper but use pending orders, that way you are always calm.

Beast240184 posted:
I am a scalper but use pending orders, that way you are always calm.

How does that work? I thought that for scalping you needed market orders?

DeutschDom posted:

Beast240184 posted:
I am a scalper but use pending orders, that way you are always calm.

How does that work? I thought that for scalping you needed market orders?

It all depends on what scalping defines for you. Most traders assume scalping is sitting infront of your screen waiting for the market to give you a setup and when it does you pull the trigger hoping to catch a few pips. Normally you open a market order when in profit with some money $ you close your trade. I assume scalping is for most people 1 to 10 pips at most and to put in a stop loss of 1-1 for example ( 5 tp and 5 sl ) its high posibality you will get stopped out more times than you make your 5 pips. Thats why most scalpers normally only open market orders and hope it goes in their way, as soon as they in profit as i said before they close their position out usually becuase they are afaid it goes against then and loose that they could have made. The problem comes when you go in negative and dont want to close your trade with a loss, you normally take a big loss or loose your whole account. Thats where pending orders come in. Set and forget, you win or you loose, no emotions.

prefer long term trading manually on h4 erurus

Beast240184 posted:
I am a scalper but use pending orders, that way you are always calm.

Scalping with pending order looks foreign to me, I do scalp too but instant scalping.

PROFITINGSYSTEMS posted:

greenbandits posted:

PROFITINGSYSTEMS posted:
The one that is very happy with his trading system😎

good one 😄

Stay profitable my friend

Thank you Friend and You too.Just be patient and apply Good RiskManagement and you are profitable.

Yup find your lane and smooth sailing without deviating from the plan 😁

greenbandits posted:

PROFITINGSYSTEMS posted:

greenbandits posted:

PROFITINGSYSTEMS posted:
The one that is very happy with his trading system😎

good one 😄

Stay profitable my friend

Thank you Friend and You too.Just be patient and apply Good RiskManagement and you are profitable.

Yup find your lane and smooth sailing without deviating from the plan 😁

That is how successful traders do

Now I'm trying to develop my own personal trading style.

PROFITINGSYSTEMS posted:

greenbandits posted:

PROFITINGSYSTEMS posted:

greenbandits posted:

PROFITINGSYSTEMS posted:
The one that is very happy with his trading system😎

good one 😄

Stay profitable my friend

Thank you Friend and You too.Just be patient and apply Good RiskManagement and you are profitable.

Yup find your lane and smooth sailing without deviating from the plan 😁

That is how successful traders do

Exactly!
I see so many people want to trade like others but the key is to find your own style that fits you.

You can take what you learn from others and incorporate those ( Concepts ) into your trading.
At the end of the day if that style doesn't fit you as a person that is when mistakes happen and failure.
It doesn't mean the concepts are wrong just means they do not fit your personality.
Just my two cents ..😄

My trading turned a complete 180 once I found my style and what makes sense to me.

Tezilkree posted:
Now I'm trying to develop my own personal trading style.

Good luck and stay focused my friend!

Took me 5 years to develop my own strategy that fits me.
Not counting the prior 5-6 years of ups and downs learning what I can from others.

I am a long term trader as I postulate it helps in creating more wealth.

Different trading styles work differently for all traders, also depends on the market conditions.

At the moment I am a short term trader