Traders should stay focused on their asset by monitoring the fluctuations, because this helps them become updated with every changes. Having gains to stay in green signals is very difficult to maintain while market sometimes saturate due to resistance. Long term holds will be effective for a meanwhile so trying this as an alternative strategy might be efficient as well.
Yes, I agree with you. This is primarily for Day Traders and Swing Traders. But I think no matter what trading style you have, it's important to calculate and estimate your profits, so that you can know what to expect as a result.
To keep the market green I think it is difficult because the market will move every second, minute, hour and day. you can only set your strategy. leave the red market as long as you can get a small profit it doesn't matter the most important thing is consistent to run and set a time pattern when to monitor market movements so you don't miss it when the green market
Well, it depends on what kind of trader you are. I personally like it the more the price moves, and I make money in red markets as well, either from shorting or from buying in the dips. However, I never take more than 2% profit and I never lose more than 2%.
"You need a strategy"
Everyone told me from day 1 "You need a strategy" - but I simply didn't know how to make one. After losing 90% of my account balance, I took a break from trading for 6 months. Then I came back with a new mindset and reviewed some of my past trades.
Just as I think before but you know what, most traders are dealing with hardship in making their trades profitable. In the real situation, traders get a lot of failures before getting the right mixture of strategy in order for them to attain profitability.
I'm done with trading and it's not that profitable to me, well at least its the day trading that I'm mentioning. And the strategy that I've learned from the others is no other than holding. Accumulating and holding works great for me and I don't want to get rekt again by doing day trading.
Yeah, trading is difficult and it hurts me to see how many people are losing lots of money. Thats why I think everyone needs a strategy - to know what is the worst case scenario and what is the best case scenario.
For me this was a game-changer. Because I realized that, with the right strategy, I didn't even have to risk that much money but still have the same potential.
One of my most important rules that I use to stay in the green is to NEVER lose more than 2% on a trade, never never never. I always set the stop loss at 1-2%. In that way, I will never panic and if I realize that I have too many losses in a row, I pause my trading and evaluate why I keep losing.
So this is just a click bait title to advertise your site? I mean, if you would like to advertise your site, how about making a proper announcement thread? This will allow you users to create proper discussion with you. And aren't their already a lot of trade simulators out there? Is there something unique you are providing? Nonetheless, your simulation interface looks clean and easy to use. By the way, how do I set the win-rate? Just a guess or make some few trades before and based on that I place the value?
Well, no. I do not make any money on this website, so I wouldn't call it advertising. I genuinely think this is a helpful tool for all traders. I built it for my own use and now it's publicly open to anyone to use as well. I would appreciate if I don't get accused for this. Thanks.