TEAMTRADER
Private, 1st Class
- Messages
- 42
DAY TRADING IS EASY!
Easy to lose money?
Easy to make money?
Easy to look at others?
Easy to be distracted?
Easy to believe others know better?
Easy to think there is a 100% system out there?
ACTUALLY, IT IS ALL OF THE ABOVE AND MORE!
To be succesful at day trading, you need time and concentration PLUS the foundation that governs all trading.
If you trade one chart only, can you make money from it every week?
Now to the real reason I posted this article.
I CAN MAKE A PROFIT EVERY DAY FROM ANY CHART.
ONLY HALF OF MY FIRST TRADES ARE PROFITABLE.
I WILL SHARE THE BASICS WITH EVERYONE READING THIS, AND IN ORDER OF IMPORTANCE..............
FIRST
THERE ARE TRENDLINES. THEY ARE OVER HLOC? TRY FOR YOURSELVES AND SEE IF YOU CAN 'SEE' WHAT I SEE.
SECOND
THERE ARE MOVING AVERAGES. EACH CHART HAS ITS OWN MOVING AVERAGES. TRY GETTING A SET OF TRADING MA'S AND GUIDE MA'S (SHORT AND LONG).
THIRD
THERE ARE HORIZONTALS. PRICE LEVEL PIVOTS. HOW ARE THESE MADE ACCURATE? BY USING EXTENDED TRENDLINE IN THE SHAPE OF A FAN.
LAST
THERE ARE INDICTORS. NOW WE ARE TOLD THAT THESE FOLLOW THE PRICE AND ARE USELESS. I DISAGREE AND USE 2 PREDICTIVE INDICATORS.
I've done the work over the last 5 years and there is an answer. If I had started with the above questions, I would have arrived earlier at the perfect system.
THERE IS NOTHING THAT IS 100% ACCURATE BUT IF YOU BUILD A HOUSE. START WITH THE FOUNDATION. THESE 4 ITEMS ABOVE ARE THE FOUNDATION.
Easy to lose money?
Easy to make money?
Easy to look at others?
Easy to be distracted?
Easy to believe others know better?
Easy to think there is a 100% system out there?
ACTUALLY, IT IS ALL OF THE ABOVE AND MORE!
To be succesful at day trading, you need time and concentration PLUS the foundation that governs all trading.
If you trade one chart only, can you make money from it every week?
Now to the real reason I posted this article.
I CAN MAKE A PROFIT EVERY DAY FROM ANY CHART.
ONLY HALF OF MY FIRST TRADES ARE PROFITABLE.
I WILL SHARE THE BASICS WITH EVERYONE READING THIS, AND IN ORDER OF IMPORTANCE..............
FIRST
THERE ARE TRENDLINES. THEY ARE OVER HLOC? TRY FOR YOURSELVES AND SEE IF YOU CAN 'SEE' WHAT I SEE.
SECOND
THERE ARE MOVING AVERAGES. EACH CHART HAS ITS OWN MOVING AVERAGES. TRY GETTING A SET OF TRADING MA'S AND GUIDE MA'S (SHORT AND LONG).
THIRD
THERE ARE HORIZONTALS. PRICE LEVEL PIVOTS. HOW ARE THESE MADE ACCURATE? BY USING EXTENDED TRENDLINE IN THE SHAPE OF A FAN.
LAST
THERE ARE INDICTORS. NOW WE ARE TOLD THAT THESE FOLLOW THE PRICE AND ARE USELESS. I DISAGREE AND USE 2 PREDICTIVE INDICATORS.
I've done the work over the last 5 years and there is an answer. If I had started with the above questions, I would have arrived earlier at the perfect system.
THERE IS NOTHING THAT IS 100% ACCURATE BUT IF YOU BUILD A HOUSE. START WITH THE FOUNDATION. THESE 4 ITEMS ABOVE ARE THE FOUNDATION.