Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

divyanshisharma

What is the Simple Trading Strategy for Full Time Traders

Recommended Posts

You have to keep on trading with a very small amount of money for several months and when you see that you can make a profit and the number of your successful trades is more than your bad trades you can increase the amount of the money little by little.

Share this post


Link to post
Share on other sites

The 10 Simple Trading Strategy for Full Time Traders-

  • Always Use a Trading Plan.
  • Treat Trading Like a Business.
  • Use Technology to Your Advantage .
  • Protect Your Trading Capital .
  • Become a Student of the Markets .
  • Risk Only What You Can Afford to Lose .
  • Develop a Trading Methodology Based on Facts.
  • Always Use a Stop Loss .
  • Know When to Stop Trading .
  • Keep Trading in Perspective .

Share this post


Link to post
Share on other sites
Posted (edited)

Trader Miranda Ofarre comments that in her first steps she tried to gather information about the short-term systems designed to enter into strong trends. That is, the 'trader' would only enter well-established trends. The surprise was that this technique did not work at all. Since no one can spend 24 hours a day watching the screens to decide when to open a position, the expert suggests that it is best to calculate an average. Indeed. If, for example, you miss a (long) purchase transaction, "average the four most recent lows and use that level as your new entry price." On the contrary, if you let a sales signal pass, "average the last four maximums" and that will be your exit level. This technique will not always allow you to enter the market, but it will give you a second chance.

Edited by pancho

Share this post


Link to post
Share on other sites
On 5/21/2019 at 5:36 AM, mukti said:

The 10 Simple Trading Strategy for Full Time Traders-

  • Always Use a Trading Plan.
  • Treat Trading Like a Business.
  • Use Technology to Your Advantage .
  • Protect Your Trading Capital .
  • Become a Student of the Markets .
  • Risk Only What You Can Afford to Lose .
  • Develop a Trading Methodology Based on Facts.
  • Always Use a Stop Loss .
  • Know When to Stop Trading .
  • Keep Trading in Perspective .

Great advice, particularly the trading plan. I never see enough of those.

If simple is the parameter, then what a simple moving average crossover? Even that is complicated if you can't read a chart. 

Hmm, buy spy and hold? That seems the most simple. And it is engineered to always go up. Should work.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Similar Content

    • By Pro_Traders
      Hi Everyone,
      A lot of people are investing in the stock market as a preparation for retirement days. Yes, it is one primary reason why you should start getting involved in the world of trading but there are other valid reasons you might need to look at. Investing in the stock market means for most people, securing their immediate future and of course hoping that along the way, they earn a considerable amount of cash. Investing in the stock market could give you the power and means to possibly buy the home you've always wanted. While you do not essentially need the full money upfront, you still need the money for down payments to lower down the interest and get a good deal. With a better deal, you will pay less over the years you need to complete to pay the house in full. It also means that you will have immediate equity in your home as an additional bonus. Another good benefit of investing in the stock market is you are not only preparing your future but as well as your children's future. Winning big in the market possibly set up scenarios in which you could send your kids to college for them to start establishing their careers and make their dreams and your dreams a reality. This is yet another long term goal but not that long compared to retirement.

       
    • By MoneyMaker-Research
      The Nifty FMCG index slipped 1% on Wednesday amid heavy selling pressure seen in UBL, United Spirit, HUL, Jubilant Foodworks, and GlaxoSmithKline Consumer Healthcare.
    • By inthemoneystocks
      One of the most important reasons why traders take big losses is because they often fail to recognize when a trade has gone wrong. You see, stopping out of a trade is probably the biggest fault of traders and investors. Often, this happens to young and inexperienced traders and investors, but I know many veteran traders and investors that struggle with this as well. Early in my own career I struggled with stopping out of a bad trade myself, so I can sympathize with this problem. 

      The problem with taking a loss is really two fold. First, the trader has to admit that he is wrong. As you all know, as human beings we all hate to be wrong. The ego simply gets in the way and we all want to always be right all the time. The first secret in this business is to check the ego at the door. The market does not care about your the color of your skin, religion or anything else. It will move in the direction of the money and that is the bottom line. Once a trader or investor goes into what I call 'hope mode' the trade is over. I'm sure everyone has been in this position at one time or another. Simply put there is no room for ego or hope in the stock market. The market is always right and there is no reason to fight it. 

      Here is the second problem with taking a loss, it hurts. Pain and pleasure are the two reasons why humans do anything at all. As a human being, we are always looking to have pleasure and avoid pain. Well, losing money is painful and many people would rather simply hold a losing equity than lock in a small loss and move on. I cannot tell you how often I see a trader hold a losing trade only to see the position move further out of the money. Many years ago I watched a day trader blow up a $200,000 account in a single day averaging in on a bad day trade. To this day I can remember the look on his face as his money vanished in thin air. Believe it or not, this trader could have exited the position with a $500.00 loss, but instead he kept averaging in and fighting the position until he was wiped out. As a rule, once you have your full position you should never average in on a trade. At that point, it is critical to know where your max loss is going to be and stop out if that level is breached.

      Now when should we stop out? The answer to this question is not that simple, but here is what I personally do. I always place my stop loss below an important breakout or pivot on the chart. You see, prior breakout or pivot levels are usually defended when retested. After all, this is usually an area where institutional traders and investors got involved, that is why there is a pivot low or high on the chart to begin with. If that level is breached on a closing basis then I will move out of the position. So If I took a trade based on a daily chart pattern then I will usually check the daily and weekly chart levels. If there is a major pivot on the weekly chart then I will use a week chart close as my stop out level. While this method may not be perfect, it has saved me from much bigger losses when I have been wrong.



        Nicholas Santiago
  • Topics

  • Posts

    • the one that you study hard about 
    • Good Morning to all Gentlemen and Ladies. I've had a minor favor and is new to this forum at present. My request would be, could someone explained to me in a meek manner on how the calculation is dealt with? For instance, how do you calculate the TPO above/below the POC? Is it calculating by the means of the alphabets starting from "the POC or above" it?  Looking forward to hearing some response from anyone with a senior of experience in the application of Market Profile. Thank you in advanced!
    • Near Term Outlook Unchanged as AUDUSD Trades Weaker   AUDUSD Price Analysis – August 22 The Aussie is holding weaker so far with the yuan softer on the day on a softer note for the equities and treasury yields. However, yuan has a relative effect on USD as the PBOC fixed the yuan weaker again today, reaffirming the notion that they will allow the currency to weaken but not too quickly.   Key Levels Resistance Levels: 0.7205, 0.7085, 0.6827 Support Levels: 0.6748, 0.6676, 0.6620   AUDUSD Long term Trend: Bearish But as seen in the daily picture above, the near-term picture in AUDUSD remains unchanged despite the pair slipping to session lows on the level at 0.6748 currently. Both buyers and sellers have more work to do to gain more momentum to push prices out of the downward range since last week.   While the forex pair is experiencing a stall, this could just be a correction, as both the medium and long-term trends are still bearish.   AUDUSD Short term Trend: Ranging However, AUDUSD needs to break the monthly support zone on the level at 0.6676, which is currently providing support for the momentum on the pair at the level at 0.6748.   The currency exchange rate will most likely continue to trade downward and flat for today waiting for the required volatility to change the direction.    
    • Staying Within Previous Boundary EURJPY Continues to Trade Within a Range   %2> EURJPY Price Analysis – August 23 In today’s trading session, the common European currency traded sideways against the Japanese Yen. The currency pair was trading below the moving average 5 and 13 since yesterday’s trading session. We may see bearish traders pressurize the currency pair towards the level at 117.50 before the end of today’s trading session.     Key Levels  Resistance Levels: 123.01, 119.88, 118.33  Support Levels: 117.65, 117.50, 117.00    EURJPY Long term Trend: Bearish In the daily picture, the EURJPY pair may most likely maintain the price range during the next trading session. Alternatively, a breakout may occur downwards.  While the exchange rate has been trading within the range of the level at 118.33 and 117.50 since mid-August. The trend is bearish, showing an intact downtrend in the medium and long-term.     EURJPY Short term Trend: Bearish Today’s trading range has been going negative and more, and that’s below the last trading month’s daily average range. On the flip side, we may see a change in trend with renewed upward strength.   Buying could accelerate should prices move above the close-by swing high towards the level at 118.33 where further buy stops might get activated. Although with the level at 119.88 resistance intact, near term outlook remains bearish.  
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.