Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
The difference between trading and a pure game of luck is that with trading what transpired before DOES indeed matter. Traders have memory and charts are just a representation of this memory at work while a roulette wheel has no memory.
It appears to me that you know much more trading than me. In add, I really think that I should follow your advice to better manage my trades. Unfortunately, I don't understand how much time you give to your trades to know if it's a loser or a winner. I mean, I trade swing. I often need to wait my trades loosing a bit of value before they become profitable. I've understood that I have to support some loss to be profitable.
Is it really possible to be profitable without letting any loser run ?
For me the key has been to trade signal to signal. Or try to. If my read of the market is LONG then I should be try to trade LONG and should stay LONG until that changes. Once that changes I should look to exit for a profit or a loss.
I did this trading M6E on a weekly swing basis. So I was holding trades for days-weeks. Because it was M6E the risk was really small ($1.25 tick with $150 margins), but it was live cash and it helped me to learn to trust my read and trade what I am seeing.