Day Trading Stocks & Futures

Had someone started trading exactly the way you did since may 14. Then by today he would not have made any money. Thats a very fair assessment. Or 3 and half months without making money. If a newcomer wants to get into this its a good example of what he can expect in his trading career.

And the beauty is that systems with edge can work this way. And the difficult part is system without edge can go into drawdown mode and eat up the account. And then the search for better system continues. For a newbie the challenge is to realize and abandon a system which doesnt have an edge while at the same time stick to system which has an edge. And the whole cycle goes on and on.

Didn't understood what you trying to say.
 

XRAY27

Well-Known Member
Ye ST gaps kuch adbhut concept lagta ha. learn karna padega isko to :p
Vikas Bhai ,it is not a adbhut ... one stop solution,nor many can catch it...why??its a trend structure and trend trader with TSL can only ride..provide his TSL has some sort of edge to stay for long moves


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siddhant4u

Well-Unknown Member
Didn't understood what you trying to say.
what lemon bhai saying is - that if newbie tried to copy your system (which is successful) but he will face constant loss for several months and he/she will discontinue it after few losses and search for new system. So having faith in system pays.
 
what lemon bhai saying is - that if newbie tried to copy your system (which is successful) but he will face constant loss for several months and he/she will discontinue it after few losses and search for new system. So having faith in system pays.
Ok got it. Also being discretionary method, it's very tough to learn by copying or observing. Only way to learn is by doing longer time and let procedural memory develops over the time.
 

XRAY27

Well-Known Member
Ok got it. Also being discretionary method, it's very tough to learn by copying or observing. Only way to learn is by doing longer time and let procedural memory develops over the time.
Copying a system without defining its edge in quantitative terms, newbie trader does not know trade management (entry,exit ) based on discretionary or mechanical...discretionary needs special skill, not many can carry it and mechanical needs to stay focused with MM with rules to scale up,it is where both are different IMO
 
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