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For me, 2 reasons :
1. There is a lot of waiting. much more waiting that trading right now. I live in Asia so I only trade from 8am EST to about 12-1pm EST, but out of that time period I might only be in trades for 20-30mins total. The rest is waiting
2. I trade the same 2-3 setups over and over. If I don't get my preferred setups, I don't trade. See above. Trading the same setups might seem boring, and it is, but that is offset largely by ringing in a winning trade.
Mostly, I trade intraday reversals based on a few things that I watch, then price action and orderflow for the entry. There is nothing fancy or exotic, I try to establish market context (bullish, bearish, neutral conditions) and generally only trade neutral/range days. I have about an 82% win rate now and just do the same thing over and over.
I have had family members ask how to trade and just mentioned I didn't really want too as I would feel guilty if they dumped an account like I did starting out . I have spent years doing this and far from being great at it . I am retired and do it as a hobby and love it . I manage to keep my head above water and that keeps me going .
And I bet those family members and friends think that you are "keeping secrets" or simply "jealous" of them for not sharing how to make money quickly in markets.
For some weird reasons in recent times I've seen influx of new traders around me and they all think the exact same thing I mentioned above when I dare deny them. I know what trading took from me, and if offered a choice to redo I would probably choose little smartly.
The most ironic and hilarious thing in here is often that I make abundantly clear that I'm not making lot of money, in fact barely staying up float, nothing in my lifestyle indicates otherwise, these people also believe me on that but for some weird reasons would still think that I'm hiding from them way to make quick money in markets. And to make matters worse, they think that it will work out better for them because I'm not as smart as them (Although they don't say it on face but clearly thinking about it)
/losing track with the original topic here, but I had to say it. My last post on this thread I promise
For those of you who printed out my holy grail and stuck it on your computer screen
would you please add the following:
IDEAs ,at the top . ( which I will give you soon)
Timing , just above LUCK.. (you dont want to wait 3 years like Paulson,unless your partner is a Wall St lawer)
Thank you for that. I guess I haven’t actually thought of it that way and you are right because it is working. The patience to wait for the trade has been a challenge which has been costly at times but since I started fighting the urge and try to obey my rules thing have been working quite well. Thank you again. It’s opened my eye and mind.