Thread: Good returns realistic by trading with higher time frames?

Originally Posted by ;

This was a joke in case you missed it...



No, it is about 200% annual gain, like I said.

Right, I forgot to substract the starting amount.

Having goals or goals works in many facets of your life but are surefire losers in gambling. You do the wrong things when you concentrate on a goal.

You will attempt to push trades and shed, so that you push harder, and shed faster, and maintain trading more and more when you are losing to attempt and reach your goal. When you are on a losing streak, you should be investing less (or not at all for at least a couple of sessions).

Opposite happens when you are winning. You may look and see you hit your goal 10 minutes into trading so you stop trading since YOU ALREADY HIT YOUR TARGET! If you are on a hot streak, you should be trading more, not less. When you can't lose and are looking for a winning streak, you can double, or triple your account .

And whenever the hot streak ends and you begin to lose every trade after triple and double checking your system to be sure this trade doesn't turn into yet another stinker, you back off again, take a few days off. Hide can turn 1,000 into 1,000,000 and come back later. Your streak will reunite again.

Targets will kill your career as an independent trader.