Re: Scalping is the most controversial way to make money. My experience for 4 years
See this is the very issue at hand. You are treating the market as some sort of a coin toss. You don't have a sound strategy which makes you think you are betting i.e gambling in the market. No "Professional/Pro" trader treats their trades as gambles. This is the very issue with the retail investing. They don't understand the market and are there only to grab some quick cash from it. There is nothing to "bet" if you truly understand what is really going on.What any good trader will tell you is that you should never invest more than 3% on any single trade you take. The standard is 1%, 2%-3% if you are aggressive. 5% i.e 1/20 of the deposit just screams inexperience. You said you never used any stop losses which again is a very novice way to go about trading. Even worse when using margin. You have bad trading habits, I'm surprised you didn't end up blowing your account.
Lol, this is just a google translation, the bet is not in the sense of a casino bet. I keep part of the deposit on the exchange, and part off the exchange. Stop comparing the professional trader and the retail trader. These are two different elements. No professional trader trades with their own money, let's start with this. I perfectly understand what I am doing, otherwise I would have lost everything long ago. You see, trading is not an engineering profession, there are no strict rules and standards, and your reasoning will suit someone, but not someone. The main thing is to find a balance, in trading there are no mandatory actions that need to be performed, because this is what someone says there, everyone has their own approach. I have my own approach, I have been working on it for 4 years. I am very good at scalping, but I am not very good at long-term price forecasting, but I don’t go in there. But I have a feeling that you've just read books on trading and are now trying to tell me how it should be. I am a practitioner, not a theoretician, therefore I rely only on my vision of the market and do not impose it on anyone. You say I have bad trading habits. But they help me to earn money, and this is the most important thing. For a long time I have been developing my strategy for my psychology. And you are trying to evaluate my experience in terms of some average concepts about trading. In trading, a lot depends on the person himself, and this must be taken into account. When I say that I trade at 1 \ 20, it means that I entered 4 bitcoins on the exchange and my trade is 0.2 BTC, but it should also be taken into account that I have 12 more bitcoins on my reserve wallet, which are used as averaging in case of negative market development. That is, to secure my trade of 0.2 BTC, I have 15.7 BTC. What kind of inexperience are you telling me when I launch only 1.25% of my stock into a trade? It's funny.
I have a feeling that I did not spend 4 years on the exchange, but 4 days, and then a man came and explained to me the most obvious things, just the most banal.
Lol, this is just a google translation, the bet is not in the sense of a casino bet. I keep part of the deposit on the exchange, and part off the exchange. Stop comparing the professional trader and the retail trader. These are two different elements. No professional trader trades with their own money, let's start with this. I perfectly understand what I am doing, otherwise I would have lost everything long ago. You see, trading is not an engineering profession, there are no strict rules and standards, and your reasoning will suit someone, but not someone. The main thing is to find a balance, in trading there are no mandatory actions that need to be performed, because this is what someone says there, everyone has their own approach. I have my own approach, I have been working on it for 4 years. I am very good at scalping, but I am not very good at long-term price forecasting, but I don’t go in there. But I have a feeling that you've just read books on trading and are now trying to tell me how it should be. I am a practitioner, not a theoretician, therefore I rely only on my vision of the market and do not impose it on anyone. You say I have bad trading habits. But they help me to earn money, and this is the most important thing. For a long time I have been developing my strategy for my psychology. And you are trying to evaluate my experience in terms of some average concepts about trading. In trading, a lot depends on the person himself, and this must be taken into account. When I say that I trade at 1 \ 20, it means that I entered 4 bitcoins on the exchange and my trade is 0.2 BTC, but it should also be taken into account that I have 12 more bitcoins on my reserve wallet, which are used as averaging in case of negative market development. That is, to secure my trade of 0.2 BTC, I have 15.7 BTC. What kind of inexperience are you telling me when I launch only 1.25% of my stock into a trade? It's funny.
Your results could have been much better if you had a trading plan.
I have a feeling that I did not spend 4 years on the exchange, but 4 days, and then a man came and explained to me the most obvious things, just the most banal.
I don't quite agree there. If you don't understand how to use the tools in your inventory then you are bound to hurt yourself and unfortunately the market doesn't gives you many chances to recover. It's usually a fatal blow. It's like giving a surgeon license to someone who hasn't studied med their whole life and expect them to get better on their own without any help from actual surgeons.
One smart man said that it is impossible to teach trading in principle. You either have a predisposition or you don't. The predisposition is visible in the first six months. And if it is not given, then at least take 100 courses, but as you lost money, you will lose, but then you will go to tell everyone that you have taken trading courses. I know such traders. In theory, they are great at telling everything, but the deposit does not grow.
One smart man said that it is impossible to teach trading in principle. You either have a predisposition or you don't. The predisposition is visible in the first six months. And if it is not given, then at least take 100 courses, but as you lost money, you will lose, but then you will go to tell everyone that you have taken trading courses. I know such traders. In theory, they are great at telling everything, but the deposit does not grow.
Again a very retail perception of what "professional trader" means. What I meant by professional traders was people who make a living just for trading themselves. Hedge managers aren't professional traders. I can assure you no hedge fund trades daily. Their positions aren't built on chart patterns. They are in for the fundamentals and not technical analysis.
These are not professional traders, they are ordinary retail traders. You have a substitution of concepts. Who are professional traders, Anton Kreil, a professional trader at Goldman Sachs, perfectly explained in due time. He explained well that a professional trader never trades with his own money, but invests all his life and goes to work in a bank or hedge fund, and when he retires, this is his earnings, what he invested in. throughout his trading career. A retail trader only has what he himself was able to earn in the market. A professional trader never withdraws his investments during his career, and a retail trader withdraws because he needs to live on something, he lives off trading. This factor often at a distance leads to a gradual decrease in deposits with retail traders. Find his lectures from London, learn a lot of new things for yourself and finally stop calling ordinary retailers professional traders.
These are not professional traders, they are ordinary retail traders. You have a substitution of concepts. Who are professional traders, Anton Kreil, a professional trader at Goldman Sachs, perfectly explained in due time. He explained well that a professional trader never trades with his own money, but invests all his life and goes to work in a bank or hedge fund, and when he retires, this is his earnings, what he invested in. throughout his trading career. A retail trader only has what he himself was able to earn in the market. A professional trader never withdraws his investments during his career, and a retail trader withdraws because he needs to live on something, he lives off trading. This factor often at a distance leads to a gradual decrease in deposits with retail traders. Find his lectures from London, learn a lot of new things for yourself and finally stop calling ordinary retailers professional traders.