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Hi. I didnt make any recommendations on your trading edge just to find an edge that works on EOD charts rather than intraday.
Enter orders only once a day and then forget about them. Personally find it much easier.
If your not comfortable with the position sizes it means that you should either consider reducing the size till it doesnt take up your mental energy
or (if risk management is fine) then probably analyze whats causing the paranoia...rather than forcing trades in a limited timespan;
It sounds like you have work/other commitments that limit your time to focus. In the end if you cant give your all then eventually you are
going to drop the ball on both sides. Rather aim for a setup where all your commitments can be met.
Can you help answer these questions from other members on NexusFi?
I’ve been trading stocks occasionally for a few years, but I would like to start trading Futures regularly. I’m looking forward to learning and contributing with this community.
I'm new here and new to trading in general. By profession I run a web development company, hosting, etc. I'm looking to get started in two areas, one being scalping the hot penny stock of the day, and the other being a slow-but-steady algo strategy that just plugs away for me while I continue to run my business.
Hi everyone
I'm a swing trader who drilled down to find myself doing intraday. Now, I need to translate from pine editor to easy language. The quest thickens....
hello my name is Jason im new to tradeing and ive found futures to work out nicely i hope i can learn alot i study more than 3 hours a day and look to help out in anyway if i can.
Glad to have come across such a vibrant community!
I started trading 3 years ago (more than half of it unsuccessfully), albeit I learned a lot along the way. Trading has always been an immense interest to me - the more I learned, the more dedicated I became towards the process.
I have been through many ups and downs, blowouts, moments of frustration and despair, re-thinking my system, re-calibrating, starting over and the list goes on...In a nutshell, all the terrible aspects one can think of, as well as all the traits a trader must get rid of - I had in my possession. Unfortunately, for me, it possed an even greater challenge as I suffer from ADHD and OCD, therefore, I am extremely emotional, impulsive, nervous, and I'm also the kind of guy who strives for perfection (terrible trait to possess as a trader bdw).
Many failures later (mainly due to lack of self-control), I figured that I had to work my way around my 'disability' as giving up was not an option in my books. One of the major changes that needed to be done was to decrease the number of strategies I used in order to trade less and better. This change helped me remain cool, calm, and collected as I was not required to trade everyday, and had I missed out on a trade in that particular day, it kept me back from feeling like I must search for another trade that conforms with one of the other strategies (had 8-10 of them). To be frank, I never backtested any of them as I did not and still do not understand anything about programming - this made the learning process even more frustrating. Granted, I used my own form of backtesting in tradingview, but it was by far, not as accurate as a programmable backtest.
Today, I day trade once - three times a week max. I only use two strategies, which both fall under the counter-trend category. I felt that this system suits my personality way better than what I was previously trying to do. In addition, I can scale up confidently without any sort of regret. At this moment, I am looking for ways to improve my system, such as, potentially, introducing a scaling in/out method (I'm an all in/all out type of guy), further increasing my size, and allowing some trades to turn into swing trades.
I am hoping to learn more from you guys, as well as pass on all I learned from this beautiful, yet painful journey