TRO TRADING VIDEOS

[IgazI]

Reasons why I am not a day trader:
- price is moving nowhere 80% of the time; most of the profit to be made is made through waiting
- risk reward ratios are better on larger charts (no, it's true!)
- you can better scale into trades to maximize profits
- intraday volatility is less of an issue
- spreads and fees have less of an impact
- you don't have to be 'the fastest gun'
- you are always trading in the direction that price generally wants to move in vs profiting from blips.
- losses are less frequent and trades can be better managed.
- you can trade 5 charts at the same time, and it is likely that you will be up money on some of them.

The list is really so long that I would never consider day trading, but you do you.

[TheRumpledOne]

[TheRumpledOne]

[IgazI]

Saying that price is the same on all time frames is like saying that you are where you are at any point in your life:

Does it matter how you got to this point or is the future completely disconnected from the past?

I wish that I could answer that with certainty. . .

on the one hand there seems to be a trajectory and on the other a decision which alters the course.

But this I know for certain:

if you have a random sample of 99 traders: 33 scalpers, 33 day traders, and 33 interday traders then you will have around 85 losing traders who mostly fall in the first two groups.

Why is this the case? who knows.

[aliassmith]

Saying that price is the same on all time frames is like saying that you are where you are at any point in your life:

Does it matter how you got to this point or is the future completely disconnected from the past?

I wish that I could answer that with certainty. . .

on the one hand there seems to be a trajectory and on the other a decision which alters the course.

But this I know for certain:

if you have a random sample of 99 traders: 33 scalpers, 33 day traders, and 33 interday traders then you will have around 85 losing traders who mostly fall in the first two groups.

Why is this the case? who knows.

I believe the statment to be true when it comes to the stock market because it has a natural tendency to skew long.

When it comes to other investments the trader has more time to make a decision for the most part.

[Lvup7]

Saying that price is the same on all time frames is like saying that you are where you are at any point in your life:

Does it matter how you got to this point or is the future completely disconnected from the past?

I wish that I could answer that with certainty. . .

on the one hand there seems to be a trajectory and on the other a decision which alters the course.

But this I know for certain:

if you have a random sample of 99 traders: 33 scalpers, 33 day traders, and 33 interday traders then you will have around 85 losing traders who mostly fall in the first two groups.

Why is this the case? who knows.

85 losing traders fail due to not so obvious reasons.

*Mentally fatigue, leading into air ball trades. Every hr you are in front of the charts, you're burning your fuel. You have to aware of this. The last trade you took you burned some fuel. You are like a jet that takes off from the runaway everyday you have just enough fuel until you need to return to the carrier. If you are constantly alert and in dogfight every few minutes whatd you thing would happen. Burnout baby. Alot of traders dont realize or just dont care. They keep going. Mark Douglas pointed this out well. On his floor he also notice that traders were able to make money the beginning of the day and give it all back.

Just saying. More to say but I feel tired and sleepy LOL, and not Im not playing "Highway to the Dangerzone".

[prochargedmopar]

TRO,
Will you and Walmal watch the first 15m of this vid and
tell me what you think.
Curious your perspective on his ideas about
trading psychology.
Thanks

[prochargedmopar]

Reasons why I am not a day trader:
- price is moving nowhere 80% of the time; most of the profit to be made is made through waiting
- risk reward ratios are better on larger charts (no, it's true!)
- you can better scale into trades to maximize profits
- intraday volatility is less of an issue
- spreads and fees have less of an impact
- you don't have to be 'the fastest gun'
- you are always trading in the direction that price generally wants to move in vs profiting from blips.
- losses are less frequent and trades can be better managed.
- you can trade 5 charts at the same time, and it is likely that you will be up money on some of them.

The list is really so long that I would never consider day trading, but you do you.

All but ONE of your reasons is backwards to Daves reality.
lol

[IgazI]

Reasons why I am not a day trader:
- price is moving nowhere 80% of the time; most of the profit to be made is made through waiting
- risk reward ratios are better on larger charts (no, it's true!)
- you can better scale into trades to maximize profits
- intraday volatility is less of an issue
- spreads and fees have less of an impact
- you don't have to be 'the fastest gun'
- you are always trading in the direction that price generally wants to move in vs profiting from blips.
- losses are less frequent and trades can be better managed.
- you can trade 5 charts at the same time, and it is likely that you will be up money on some of them.

The list is really so long that I would never consider day trading, but you do you.

All but ONE of your reasons is backwards to Daves reality.
lol

But who the fk is Dave anyway?

All of those reasons are inarguably true.

[TheRumpledOne]