How do you guys deal with this?....Intraday trading = gambling | Traders Hideout


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How do you guys deal with this?....Intraday trading = gambling

  #13 (permalink)

desert CA
 
Trading Experience: Intermediate
Platform: NT7, TOS, TWS
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Posts: 2,108 since Jul 2011
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What helped me was eventually seeing some "live" trading and believing someone else could have at least a 60% edge. Just as important is managing a trade and a system to get out of it.

https://www.elitetrader.com/et/threads/the-loneliness-of-success.219181/page-9
https://www.elitetrader.com/et/threads/fulltime-trader-loner.269090/
https://futures.io/psychology-money-management/3649-primary-source-income-how-many-have-made.html
https://www.elitetrader.com/et/threads/anyone-not-making-200k-a-year-from-trading-is-a-piker.276225/
https://www.elitetrader.com/et/threads/what-is-the-worst-one-day-loss-you-ever-had.74408/

An example strategy:
https://futures.io/traders-hideout/18937-what-happened-cj-booth-whom-started-my-...thread-2.html#post263007

Also, if you haven't done so, recommended to check www.tradingschools.org
I don't believe it's a completely random walk because the big money really move the markets and often try to fool retailers. However, the edge is so fine to walk to be profitable in a session i.e.
trading is so hard, it approaches gambling.


Last edited by Cloudy; September 15th, 2016 at 06:51 AM.
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