Hi Ripper,, Yes totally agree, I was once there too, it's just part of the learning process. Watching & Listening to these 'gurus' felt like I was doing something, being productive. dopamine levels were high every time I heard a new term and 'learn' ...

The brutal truth of day trading

Hi tommy, This is actually well put out. I agree with everything to a T, especially the last 3 paragraphs. Can't word it any better, thanks for the comparison with other ventures. but have to disagree with the 'skewed statistics', did a quick ...

The brutal truth of day trading

Hi BlackNapkins, My bad,, I tried to find the long term traders success rate on the same source & research paper to better compare the stats. But my venture has left me to no avail... Tried to find studies on the success rate of investors, but what ...

The brutal truth of day trading

hey BlackNapkins, Sorry, let me clarify my usage of "MOST" If you read the wikipedia page I sent. and I quote: "A 2019 research paper analyzed the performance of individual day traders in the Brazilian equity futures market. Based on trading records ...

The brutal truth of day trading

Read the book that I linked, How To Trade In Stocks - Jesse Livermore (pdf) It has been a journey. Jot down the prices, trust me you'll see a clearer picture. (you'll understand when you read the book) Goodbye, Raymond.

The brutal truth of day trading

Hey joyny, big fan of your work. Most beginner traders are ,dare I say, delusional. They think that they need to make money everyday why that's not the case, cuz if you did you be in the top 100 Forbes list. Making 1% a day consistently makes you ...

The brutal truth of day trading

Hey Rick, I'm glad that you brought this up, the moment I read it I know I have to postpone other 'questions' and reply this particular one. Well the way I see it, the trend works very well for him in fact. Why? Because he rode the trend from the ...

The brutal truth of day trading

Thanks for the reply rockypoint, this is the cliché of "Find a trading style that suits your personality" It is not wrong, absolutely not wrong trading a system that suits your 'personality'. But the thing is rocky, almost nobody says no to a ...

The brutal truth of day trading

Good reply,, then, let us talk about facts. I quote, wikipedia: source: url source: url read the pdf for more research on day trading. I speculate that most of the consistent and profitable day traders either are really really good at projecting ...

The brutal truth of day trading

just answer this simple question: shouldn't he be in the top 100 richest person in the world if he were that profitable and consistent? that wasn't the case was it? he even is not the richest man in his state (Vermont, USA) let alone the richest ...

The brutal truth of day trading

note to people who just found out about DIBS, DIBS is just a way to enter the market and that YOUR ENTRY METHOD ISN'T THE PROBLEM. You not following the trend is the problem. I have a on average slightly above 60% win rate and an average of 1-to-1 ...

The DIBS Method... No Free Lunch continues

pf over 2 is delusional. on average professional fx trader's pf are around 1.1-1.7 1.7 being extremely squeezing out the market with the minimum risk.

The DIBS Method... No Free Lunch continues

source: url Day trading reeks of impatience. In my opinion, there are several attributes to an unsuccessful trader and these are some of them; greed, desire for action, and fear of missing a profit. What do they have in common? Impatience. I think ...

The brutal truth of day trading

Listen here you ICT freak. ENTRIES DOESN'T MATTER, EVEN WITH RANDOM ENTRIES YOU CAN BE PROFITABLE. (read: Tom Basso Coin Toss Experiment) The more you spend time on entries, the more consistent of a loser you are. (believe me I'd been there for 2 ...

Follow the trend

SWAPS DOESN'T HURT AS MUCH AS YOU THINK IT DOES. IGNORANCE/DENIAL HURTS MUCH MORE. I held a 1 month worth of position and my swap was just -1.58$ Note: I was trading a $10k account with 2% risk per trade. 2nd Note: Not all Swaps are negative, some ...

Follow the trend

Hi fellow South-east Asian trader,, Good question, although it's too vague but I'll try my best. So if you didn't know yet, I trade based on the Daily chart only. I don't do top down analysis (checking multiple timeframes before entering a trade), ...

Follow the trend

If you follow the right direction (with the trend) getting 60% win rate with a 1-to-1 risk-reward doesn't require a lot of effort. all you need to do is just follow your strategy. I personally have those kind of numbers as well, slightly above 60% ...

Follow the trend

i shorted since 1.3710

Cable Update (GBPUSD)

it has been a bearish market you know..

Cable Update (GBPUSD)