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Re: How Many Trades Do You Make A Day?
I believe a trader should strive to UNDER-TRADE in both size and frequency.
I also believe, as one of the great tape readers did, Being right and sitting tight-that's where the money is.
A few thoughts:
1. Being out of the market is a trading decision.
2. When you are in the market, learn to be comfortable being in it.
3. It is possible to go broke from taking profits too soon. Losses do happen. If they are greater than the small quick profits taken on your winners, then you will go broke.
4. The best opportunities tend to be the rarer ones. If a trade set-up comes 15 times a day, it may not be as good as a set-up that comes 1 to 3 times a week.
5. Traders trade because they have identified high probability trade set-ups within the context of their trading methodology. Gamblers trade for the action.
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