Jump to content

Does your strategy work on any market?

Recommended Posts

On 22/02/2021 at 09:43, THT said:


I'm afraid one the bad things about trading is you have to read and test a lot of the stuff out there to realise it does not work or suit your style, all the while the sharks are happy to take your £ until you fathom it out


I've seen people talk about style -- why does it matter?  It seems like people use the word as a hand-wavy way to avoid illogical things they cannot explain.

"Why am I losing money" -- > "Oh this method doesn't match my style"

Link to comment
13 hours ago, CaptainSamurai said:

I've seen people talk about style -- why does it matter?  It seems like people use the word as a hand-wavy way to avoid illogical things they cannot explain.

"Why am I losing money" -- > "Oh this method doesn't match my style"

Yeah some do - I could probably write a chapter of a book on it - I'm not here to write a book or explain everything thing about trading and Investing - I'll leave that up to the Individual to explore should they choose to

Trading and pulling the trigger is mental - you try trading a method that does not suit your personality and it'll cause issues, hence why your trading style/method etc matters significantly

I've already stated that I trade using precision, tight entries, tight stops - thats ME - others might be happy just buying the market at its current place, having a wide stop - that's fine if that suits them

You have to trade a method that you're comfortable using and it HAS actually work

You find out style with practise - practise means committing real money to the plate - you can trade gazillions in a demo account, real world is totally different

Remember trading is a combination of multiple aspects, so you might have the right style in place but may be losing as your expectations of the trade aren't what the market is prepared to give you


Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Posts

    • Sainsburys full year earnings and Unilever’s first quarter trading update both say the same thing, UK consumers are in for higher prices. The war in Ukraine, supply chain issues and the effects of ongoing Covid all to blame.      
    • US Dollar (DXY) Daily Price and Analysis US Q1 GDP may stall the greenback’s advance. A 20-year high nears for the US dollar. The multi-month US dollar rally continues with the greenback printing a fresh high today ahead of the first look at US Q1 GDP at 12.30 GMT. The US dollar basket (DXY) has been boosted by renewed weakness in the Euro and the Japanese Yen, as investors move from lower-yielding to higher-yielding currencies, while safe-haven flows continue to benefit the greenback. The US growth release later in the session is expected to show a sharp slowdown from the robust Q4 figure of 6.9%. The markets are currently pricing in growth of just 1% for the first three months of this year, with the slowdown mainly due to a reduction in inventory accrual over the quarter. This release is unlikely to move the greenback, unless there is a large miss or beat, as the Fed believe that 2022 US growth will be robust enough to let them tighten monetary policy sharply without damaging the economy. The latest US Core PCE data – the Fed’s preferred inflation reading – is released on Friday and this may have more effect on the US dollar than today’s GDP data. For all market moving economic data and events, see the DailyFX Calendar. The ongoing US dollar rally has been aided by weakness across a range of G7 currencies including the Euro, the Japanese Yen, and the British Pound. The Euro continues to battle with lowly growth expectations, exacerbated by energy concerns, the British Pound is mired by weak economic data, while the Japanese Yen is in freefall as the BoJ continues with its ultra-loose monetary policy.   The US dollar continues to press higher and looks set to break above 103.96, the March 2020 high. Above here the US dollar would be back at levels last seen nearly two decades ago. The March resistance will likely hold in the short-term, especially with month-end portfolio rebalancing at the end of the week, but US dollar strength is set to continue in the months ahead. USDOLLAR (DXY) WEEKLY PRICE CHART – APRIL 28, 2022 {{THE_FUNDAMENTALS_OF_BREAKOUT_TRADING}} What is your view on the US Dollar – bullish or bearish?   Apr 28, 2022 | DailyFX Nick Cawley, Strategist
    • While Tesla has nothing directly to do with Elon Musk buying Twitter - TSLA stock closed down 12% on news that Musk may have to sell stock and use other holdings to stand against the loan to finalise the purchase of the social media giant.        
  • Create New...