How difficult is it to find an effective daytrading method? - Page 2
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Thread: How difficult is it to find an effective daytrading method?

  1. #11
    Quote Originally Posted by ;
    The dream/fantasy of day trading for fast riches starting with minimal capital is why the 95% can't get ahead. Their expectations are too high. Patterns aren't dependable, there are too many false signals, spreads are excessively big, news releases are too hazardous. The market is arbitrary. Together with WIDE stop losses (very low risk) and following long-term trends, you can make cash -- generally something along the lines of normal market yields in bonds, stocks, etc. (5%, 10%, 20% in a fantastic year). No matter how what you trade, home runs are...
    Same dream . Did anyone ever heard of astrological trading that was effective? Can it be applied to market?

  2. #12
    Quote Originally Posted by ;
    The dream/fantasy of day trading for fast riches starting with minimal capital is why the 95% can not get ahead.
    It does not matter what the starting capital is, FX trading is not a get rich fast scheme, and those who think it is, WILL neglect. End of...

  3. #13
    Quote Originally Posted by ;
    quote Absolutely not. You are trading against yourself.
    Who takes money from uninformed? The professionals! The group that found their advantage. Off course you trade against yourself should you rely that your trade will proceed according to your plan.

  4. #14
    Quote Originally Posted by ;
    quote Same dream . Did anyone ever heard of trading that was effective? Is it implemented to market?
    I would strongly suggest to concentrate on the market itself rather of outside factors that obviously don't have anything to do with trading.

  5. #15
    Quote Originally Posted by ;
    quote Who chooses money from uninformed? The professionals! The 5 percent group who found their edge. Off course you exchange against yourself if you rely on trust that your trade will proceed according to your plan.
    In other words, if you are losing, you blame the professionals... Right?

  6. #16
    Quote Originally Posted by ;
    Some people trade for 5 years yet still not profitable and therefore are nearly always at breakeven, yes it is very hard to obtain an advantage on the market. You're trading from professionals in case you do not find.
    That is my answer, I really don't blame the professionals, the principal point is it is hard to find an edge(effective day trading method w/c is this thread is about, when somebody discover it, he won't discuss it unless your significant. That's the challenging part.

  7. #17
    Quote Originally Posted by ;
    quote this is my answer, I don't blame the professionals, the main point is that it is tough to obtain an advantage (successful day trading strategy w/c is that this thread is all about, and when somebody find it, he will not discuss it unless your important. That is the challenging part.
    I concur on this... However, your comment that we are trading against the professionals is still not right. Or I misundertood what you meant.

  8. #18
    One Matter what helps me is that I draw support and resistance lines out of Greater timeframes (4hr and daily)

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