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Intraday Trading is gambling
Nov 09, 2015 zamanından beri üye
20 iletiler
Aug 15, 2017 at 06:28
Nov 09, 2015 zamanından beri üye
20 iletiler
togr posted:
Ehm. Because he is promoting historie own services, without sharing single profitable account
Then you are right. It does not really matter now. You have experience here @togr most people trust you. People should not use this forum to promote their own stuff. Thanks for clarifying
katiane.tomas@
Jun 29, 2017 zamanından beri üye
11 iletiler
Aug 16, 2017 at 06:29
Jun 29, 2017 zamanından beri üye
11 iletiler
Intraday is my preferred way to trade but I combine it with a bias in the longer term direction
Jun 13, 2014 zamanından beri üye
101 iletiler
Aug 18, 2017 at 20:33
Jun 13, 2014 zamanından beri üye
101 iletiler
Intraday trading is certainly not gambling. I made 400% in just two days.
https://www.myfxbook.com/members/savantfx/savantfx-skype/2223531
https://www.myfxbook.com/members/savantfx/savantfx-skype/2223531
Never Give Up!
Nov 19, 2017 zamanından beri üye
31 iletiler
Nov 20, 2017 at 07:40
Nov 19, 2017 zamanından beri üye
31 iletiler
If you are going to intraday trade, you should really only spend 3-4 hours a day trading, im not sure why people would stare at charts all day as that would just hurt your eyes, risk .5-2% of your account per trade, 1:2 rr ratio, and trade the first hour of asian, new york, and london session as that is when market is most volatile, if you don't see moves and potential trades in the first hour of those sessions, market will be slow and it would be a waste of time looking for trades that might never show up, or higher risk trades then necessary, as it would be better to trade another day. you don't HAVE to trade every day, 20 good trading days a month, if you make 1 trade a week, risking 1% of account, all 4 trades win, you make 8% of your account in a month with 4 trades. Quality over volume is always better, just find the high probability trades that match your system and go for it.
Slow and Grow or Fast and Blow
Nov 21, 2011 zamanından beri üye
1718 iletiler
Nov 20, 2017 at 14:51
Nov 21, 2011 zamanından beri üye
1718 iletiler
savantfx posted:
Intraday trading is certainly not gambling. I made 400% in just two days.
https://www.myfxbook.com/members/savantfx/savantfx-skype/2223531
Gambling is harder than trading : )
Nov 19, 2017 zamanından beri üye
31 iletiler
Nov 21, 2017 at 07:42
Nov 19, 2017 zamanından beri üye
31 iletiler
Crazy.... you are going to blow your account if you continue at that pace lol
Slow and Grow or Fast and Blow
Feb 22, 2011 zamanından beri üye
4862 iletiler
Nov 21, 2017 at 15:43
Feb 22, 2011 zamanından beri üye
4862 iletiler
TheSlyFox posted:
Crazy.... you are going to blow your account if you continue at that pace lol
He is used to blow accounts
Dec 03, 2015 zamanından beri üye
4 iletiler
Nov 21, 2017 at 15:52
Dec 03, 2015 zamanından beri üye
4 iletiler
CrazyTrader posted:
Gambling is harder than trading : )
oh, really, how come? 😀
Nov 24, 2015 zamanından beri üye
64 iletiler
Nov 22, 2017 at 07:33
Nov 24, 2015 zamanından beri üye
64 iletiler
savantfx posted:
Intraday trading is certainly not gambling. I made 400% in just two days
ad now nothing left,private mode,hiding some bad news maybe
robertonathalie@
Dec 06, 2017 zamanından beri üye
5 iletiler
Dec 08, 2017 at 11:24
Dec 06, 2017 zamanından beri üye
5 iletiler
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 !
Dec 11, 2015 zamanından beri üye
1487 iletiler
Dec 09, 2017 at 15:43
Dec 11, 2015 zamanından beri üye
1487 iletiler
GretarR posted:I concur. Avoid trading the actual news release, unless you know exactly what you are doing.
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 !
Dec 10, 2017 zamanından beri üye
210 iletiler
Dec 11, 2017 at 08:32
Dec 10, 2017 zamanından beri üye
210 iletiler
Intraday trading is not gambling, it's a strategy.
Feb 12, 2016 zamanından beri üye
522 iletiler
Dec 13, 2017 at 14:42
Feb 12, 2016 zamanından beri üye
522 iletiler
For some traders are gambling, for other a source of income.
Bottom line: Everyone have its own true :)
Bottom line: Everyone have its own true :)
Dec 13, 2017 zamanından beri üye
13 iletiler
Dec 14, 2017 at 08:12
Dec 13, 2017 zamanından beri üye
13 iletiler
Unless your strategy sucks and then it is 50:50 gambling
Nov 04, 2017 zamanından beri üye
13 iletiler
Dec 14, 2017 at 08:30
Nov 04, 2017 zamanından beri üye
13 iletiler
Serenity271 posted:togr posted:prakash104 posted:
Major drawback in intraday trading is watching 5 or 15 minute or 30 minute charts all day.
This will make you sick and your eyes will be under severe pain.You will need a doctor because now you are addicted to intraday trading.
Well you need to see from another point of view.
Trading is about forecast future. You need to estimate if pair move up or down.
It is like weather forecast. They could do it for today or perhaps tomorrow. For a week or month? It does not work:)
So IMHO trying to forecast future for very close time has better success than for long term.
It's the other way around. Look at forecasts from major banks. The don't have a forecast for the next 15 minutes or the next day. For them it's about what will happen in the next few months or years.
I agree with this, in this way we can observe with a vision more aplia than what has happened, for the power to predict sometime what will happen.
Feb 22, 2011 zamanından beri üye
4862 iletiler
Dec 14, 2017 at 08:54
Feb 22, 2011 zamanından beri üye
4862 iletiler
Adelgrepling posted:Serenity271 posted:togr posted:prakash104 posted:
Major drawback in intraday trading is watching 5 or 15 minute or 30 minute charts all day.
This will make you sick and your eyes will be under severe pain.You will need a doctor because now you are addicted to intraday trading.
Well you need to see from another point of view.
Trading is about forecast future. You need to estimate if pair move up or down.
It is like weather forecast. They could do it for today or perhaps tomorrow. For a week or month? It does not work:)
So IMHO trying to forecast future for very close time has better success than for long term.
It's the other way around. Look at forecasts from major banks. The don't have a forecast for the next 15 minutes or the next day. For them it's about what will happen in the next few months or years.
I agree with this, in this way we can observe with a vision more aplia than what has happened, for the power to predict sometime what will happen.
All of these large banks predict for example EURUSD will go to parity until end of the year.
Forecasting future of currency is like forecasting the weather - the longer time period in advance the more foggy results.
It is much easier to predict where will the currency be in next hour then next month.
Especially with big events like
09:30 EUR German Manufacturing PMI (Dec) 63.3 62.2 62.5
13:45 EUR Deposit Facility Rate -0.40% -0.40%
13:45 EUR ECB Interest Rate Decision (Dec) 0.00% 0.00%
14:30 USD Core Retail Sales (MoM) (Nov) 0.7% 0.1%
14:30 USD Retail Sales (MoM) (Nov) 0.3% 0.2%
14:30 EUR ECB Press Conference
May 22, 2017 zamanından beri üye
2 iletiler
Dec 14, 2017 at 15:58
May 22, 2017 zamanından beri üye
2 iletiler
Adelgrepling posted:Serenity271 posted:togr posted:prakash104 posted:
Major drawback in intraday trading is watching 5 or 15 minute or 30 minute charts all day.
This will make you sick and your eyes will be under severe pain.You will need a doctor because now you are addicted to intraday trading.
Well you need to see from another point of view.
Trading is about forecast future. You need to estimate if pair move up or down.
It is like weather forecast. They could do it for today or perhaps tomorrow. For a week or month? It does not work:)
So IMHO trying to forecast future for very close time has better success than for long term.
It's the other way around. Look at forecasts from major banks. The don't have a forecast for the next 15 minutes or the next day. For them it's about what will happen in the next few months or years.
I agree with this, in this way we can observe with a vision more aplia than what has happened, for the power to predict sometime what will happen.
I don't agree with this, analyst forecast. Traders trade the facts which is what we see on charts, instantaneous price movements.
May 22, 2017 zamanından beri üye
2 iletiler
Dec 15, 2017 at 11:38
May 22, 2017 zamanından beri üye
2 iletiler
fundamental feed into expectations and sentiment. expectations and sentiment change every day driven by data.
if you don't day trade you will see your profit melt away like ice-cream.
if you don't day trade you will see your profit melt away like ice-cream.
Mar 02, 2017 zamanından beri üye
50 iletiler
Dec 17, 2017 at 08:25
Mar 02, 2017 zamanından beri üye
50 iletiler
I really does not agree. Or agree at all. Let me explain:
All type of investment is a gamble. Even when you buy US treasuries you are gambling, because you don't have 100% garantee that US government will pay you in 10 years.
But the biggest difference between insvesting and gamble is risk management. There is a lot of formulas to calculate risk management. Find one and trade following it. A common risk management is using winning ratio and risk/reward per trade.
A day trade can achive easily 60-80% winning ratio trading only a specific price action candlestick formation called inside bars, using 1:1 risk/reward ratio. It is possible but it nedds at least 3-4h in front of a computer. At this pace he can find 4 or 5 setups daily, 80 to 100 setups a month.
Let's use a 60% winning ratio for this exercise:
60 winning trades x1 - 40 losing trades x1 = 20.
If our daytrader has 100.000 and risks 0.25% of his capital in every trade (daily risk here is less than 1%), we have:
20 x 0.25% = 5% monthly or 5.000 USD. A 2% risk per trade means 40.000 USD. But in a bad day, a 2% risk per trade can result losses at 8-10k, while 0.25% means only 1.250 USD.
Here goes another point... after losing 10.000 USD, our daytrader will keep his mental health and will keep following his risk management??? The answer for 90% of traders is NO, HE WON'T.
Another mistake from wannabe daytraders is the wrong Broker. Daytrader needs low spread, low comission, ECN brokers with rebates over high trade volumes. If you have a 2 pips spread, and your TP is 10 pips and your SL is 10 pips - your reward risk is not 1:1, but 0.8:1
Make the calc again:
60 winning trades × 0.8 - 50 losing trades x1 = -0.2!!!! A negative return.
What am I saying here is:
1) create and test your trading strategy
2) create a risk management strategy that fits in your trading strategy
3) follow 1 and 2
4) with real results, verify if 1 and 2 give the predicted return
5) improves 1 and 2.
All type of investment is a gamble. Even when you buy US treasuries you are gambling, because you don't have 100% garantee that US government will pay you in 10 years.
But the biggest difference between insvesting and gamble is risk management. There is a lot of formulas to calculate risk management. Find one and trade following it. A common risk management is using winning ratio and risk/reward per trade.
A day trade can achive easily 60-80% winning ratio trading only a specific price action candlestick formation called inside bars, using 1:1 risk/reward ratio. It is possible but it nedds at least 3-4h in front of a computer. At this pace he can find 4 or 5 setups daily, 80 to 100 setups a month.
Let's use a 60% winning ratio for this exercise:
60 winning trades x1 - 40 losing trades x1 = 20.
If our daytrader has 100.000 and risks 0.25% of his capital in every trade (daily risk here is less than 1%), we have:
20 x 0.25% = 5% monthly or 5.000 USD. A 2% risk per trade means 40.000 USD. But in a bad day, a 2% risk per trade can result losses at 8-10k, while 0.25% means only 1.250 USD.
Here goes another point... after losing 10.000 USD, our daytrader will keep his mental health and will keep following his risk management??? The answer for 90% of traders is NO, HE WON'T.
Another mistake from wannabe daytraders is the wrong Broker. Daytrader needs low spread, low comission, ECN brokers with rebates over high trade volumes. If you have a 2 pips spread, and your TP is 10 pips and your SL is 10 pips - your reward risk is not 1:1, but 0.8:1
Make the calc again:
60 winning trades × 0.8 - 50 losing trades x1 = -0.2!!!! A negative return.
What am I saying here is:
1) create and test your trading strategy
2) create a risk management strategy that fits in your trading strategy
3) follow 1 and 2
4) with real results, verify if 1 and 2 give the predicted return
5) improves 1 and 2.
Trade safely... Remember, a high Drawdown means a high risk!
Mar 02, 2017 zamanından beri üye
50 iletiler
Dec 17, 2017 at 08:25
Mar 02, 2017 zamanından beri üye
50 iletiler
A mistake...
60 winning trades × 0.8 - 40 losing trades x 1 = 8
8 x 0.25% = 2% monthly or 8x2% = 16% monthly.
60 winning trades × 0.8 - 40 losing trades x 1 = 8
8 x 0.25% = 2% monthly or 8x2% = 16% monthly.
Trade safely... Remember, a high Drawdown means a high risk!
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