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So out of our four losses, we had two minor losses and two terrible losses. Sometimes he doesnt even get into the crappy trays that I got in because it breaks out and fails that day and he just kind of laughs. Ciena is actually still around. Great, thats the right wording, thats the right wording, which means by default, sometimes it doesnt do that and we have to plan out that its not going to. A good player will get hit 30 of the time.
That is exactly what you want to do, so you want to hold those as long as you can. Inability to act, react and adjust. I personally prefer using this with futures: the NQ, ES and. If you have a career 300 batting average or higher, you probably make it into the Hall of Fame. During this 20 Lesson course you will learn: What is day trading? Moreover, not every broker allows you to place your stop and limit orders exactly where you want them, especially if you want to place them very close to the current price of the currency pair, say, at a distance of only 5 or 6 pips. This person took a winning result over here where it won 10 bucks and turned it into a 2 loss. I want to say last year I think on our trade alerts, I want to say we made like, I think it was like 170 trades a year, and our win loss was just under 60, reward to risk ratio was.6. Again, we call these singles, I call the singles, a baseball analogy.
And again, well say great ones went all the way up to high percentage day trading strategy 55, went. I remember my very first trade I ever made, it was a stock trade and it was on a company called Ciena. When they lose, they lose.90. So again, when you get on the simulator, very important to have a really good trade management is this is where youre going to see profits. Couple of hours later I couldnt take it anymore and I sold. When you get to the next section, youre going to know your numbers. And taking money out of your account and then adding money back into your account at certain times can also, again, if you are 50/50 in a one to one reward to risk ratio but you take. Its actually really cool. So if you take a look at it, this is a great example of trading.
If you put all of the circuits incorrectly and you flip the switch, the light bulb always turns. Theres only going to be one or two in there that are really fantastic. However, it has to be said that not all online brokers have the ideal conditions for scalping, which are very high leverage and reasonable spreads (no more than 1-2 pips on EUR/USD and other main pairs ). I love the trade simulators that are out there. But before anyone applauds, back then commissions were about 25 a round trip. We know theyre going to happen. Luckily, that overconfidence didnt last very long because the market slapped me high percentage day trading strategy down a couple times and I realized we dont know. And again, I didnt even know what I didnt know. You looked at the charts, you waited, you did everything and frankly, three out of five, youve just lost. And sure enough, over the next couple hours, it went up a little bit and I had a profit and went down a little bit and I had a loss. Ive got a great chart pattern and Ive got this.
The leverage is awesome; it only takes about 6,000 to control about 100,000 or the equivalent of 500 shares of the SPY. I like to risk no more than 3 points in the ES or about 150. Your strategy should factor in the benefits or otherwise of using trailing stop losses or bringing stop losses up to break even. All right, now lets go through some goals. And then what they do is, let me give you one example. Price action trading - Keeping things simple can also be an effective methodology when it comes to trading. And people say, okay, well, Im going to do a condor where the market Im guaranteed a profit as long as the market doesnt move more than. And again, I say it, I wont say it here, but high percentage day trading strategy I would say, no, you dont. All of the rest of this stuff is about emotions and what it caused you. So by default, out of these 10 trades, you will be convinced that all of them are good trades. Considering things from a higher level, if you are in the middle of a run of losses that are eating into your capital, its not a good idea to try to normalize returns by carrying on trading until. Stick with the plan. Use your simulator and say, okay, let me do 20 trades with Plan A, let me do 20 trades with Plan B, which one develop better results and frankly, and more importantly, which one was more comfortable that I could follow all the time.
So thats equal to eight bucks. That is the least important part of trading. A directional trader is a trader that is looking to make money on a movement of the price. At some point in your career youll have a 15 one. So lets say that we have two great ones and we actually have two terrible ones.
This is a two to one risk to reward ratio. That is why it is crucial to know all there is to know about that form of trading. As you can see, all this stuff is really about emotions. Trading in sizes that are a small percentage of your initial capital can still be profitable. And then again 2 loss on, 2 gain on these. So that means that 70 of the time that there is a failure. As you can see my simple day trade strategy is easy enough to trade from your phone. I am your typical male.
Were going to make, lets say 100 trades a year. And again, position sizing is how you do it, position sizing is how you whether that storm. Number of losers, some trading strategies are designed to have a high percentage of losing trades. Click on chart to see full size. And again, theres going to be probably just say three to four that are okay. Now, I high percentage day trading strategy cant tell you, a lot of people tell me, many times you buy the stock at 50 and then it just goes down immediately. Now again, it will happen. Oh, Ive got a chart setup, I got a cup and handle pattern, Ive got this, Ive got this.
K dispozici high percentage day trading strategy pro, popis, day trading is fast, fascinating and may be highly rewarding type of investing, but it is also risky. We know that were going to be wrong on some trades so we need to make those losses acceptable? Oh, for sure this one, for sure I know whats going to happen on this one, but of course you cant win all of them, but this one for sure. Because of its unique features, a typical scalping trade lasts a few seconds to a few minutes, allowing traders to place more trades and invest more capital during the course of the day. So, focus on your plan, focus on your system. Why should you learn more about it? There are groups of traders known as price action traders who are a form of technical traders that rely on technical analysis, but do not rely on conventional indicators to point them in the direction of a trade or not. Many traders use SL and TP levels from 10 to 20 pips each, which are still considered quite tight compared to other trading strategies, especially those in the long term. Is it better if I get in on the breakout? Now remember, ironically, you made the trade because you think theyre all going to be the great ones. So lets take that mentality and lets really start to apply it into our trading. Ive been in a trade where I really was frozen, and thats what I call it, and I write emails all the time to our traders, says hey, it looks like youre frozen.
You just reverse the rules; you want to 20 period SMA trending down and then sell the index when it touches the SMA. Trade on another platform to get a new perspective and use different analytical tools. Somethings going to happen. This is whats called your slugging percentage. And then if you ask me, well, do you think youre going to make money on the trade youre in right now? And my guess is, actually not my guess, just how it works. And once you fix it, the light bulb will always turn. Did you get a positive win loss and a positive reward risk ratio? As I said earlier, we have traders at Maverick that have a 30 to 40 win loss ratio but their slugging percentage, their risk reward is so great that theyre profitable. When you use scalping, you typically want to give the pair a little more room to swing back and forth a little before it has the possibility of reaching your take-profit objective. I shouldnt say good, thats actually pretty great.
Now, I want to put some numbers on this and Im just going to use a stock trade here just for the ease of it all here. This is what I call directional trading, means you need to call the correct direction. What are you going to do? Now look, you did it all right. And again, everything else is about emotions. Thats a great sign that youre in a bad one. This ended up with a minus. It was the same, again, were talking about a 60/40. So lets say theres a stock that is basing and then it breaks out but its in the middle of the day and they say, should I get out on the breakout or should I wait until theres a full candle above the breakout? Now, youre going to make, lets just say over the next whatever it is, couple weeks, couple months, whatever it is, you make 10 trades. This simple day trading strategy works just as well for going short as well. We need to understand that there is no guarantee on any one trade.
They know how much it costs to provide their service. They put a stop order of 50, the stock gaps down to 35, they get filled at 35 and they dont understand what happened. I go back and read the directions and then fix my mistake and I turn what could have been a 30 minute project and do a two hour project. Some FX brokers love scalpers and encourage the use of this technique by their traders because, as you already know, Forex brokers are being compensated with the difference between the bid and the ask price. That means theres a whole lot of failure in baseball. Dont try to win every single trade. My engineer types, they go into the market with that attitude and they get killed because thats not how the market works. And the reason why is because everyone wanting to get into trading, you know, were excited to get into the charts, high percentage day trading strategy excited to get into the option strategies and were excited to go out and make some money. You did the research, you think theyre great but they could be terrible.
Again, I dont care if you use Fibonacci, I dont care if you use Elliott Wave Theory, I dont care if you use no indicators. But in further sessions well be talking about position sizing, making sure its correct. All right, so risk management. If you have a stock at 50, you say, okay, Im going to get out if it goes to 48 and Im going to get out if it goes up. There was no difference in one loss. There might be other factors to hand such as a paradigm shift in the markets that renders your strategy unprofitable. As soon as you are in the trade you put in your stop loss. Have you built something, because even a great system, even a great system is going to have a point in the career of high percentage day trading strategy it where it creates a bad losing streak. Lets see the margin of error here that if you really blow this. So what we really need to do is we need to think about those things that okay, well, what about when we are out there trading, what about when we do get this loss streak? How you manage the trade is going to be your net result. As a batter, you go up, you have an at bat and youre either going to get a hit, youre going to get a single, a double, youre going to strike out, youre going to fly out. Cash terms, losses need to be thought of in both percentage and absolute cash terms.
So, everything that youre doing in your trading plan and everything youre doing in your trading should be to get these positive numbers or positive results. And they thought theyd be profitable because, hey, I got a high win loss. So focus on of course, you have to focus on the correct entry points but you also must focus on the correct trade management. So, everyone needs to get into the mindset where, okay, were going to make a lot of trades, were going to be right on some, wrong on some, whats the net result. Im going to throw out numbers of directional traders. Again, its one the very first things we stress here at Maverick is that you have to have a trading plan. Sometimes my trades are better, sometimes his are better. Youre going to have some that are great and youre going to have some that are terrible. Thats how it works. Day Trade on the NQ (From my phone). Okay, Ill tune in, Ill tune in, but I just cannot, I cannot watch a baseball game in May. And when I hear one of my traders say I know somethings going to happen, I always say you dont know bleep.
A Scalping trading strategy is one example where the risk-return ratio may be as low as 1:1 but importantly any losing trade will be limited in cash terms through the use of tight stop loss limits. What are you going to do to weather that storm? Okay, we are going to be in the market and were going to be trading the entire year. Great thing is your trading journal will calculate these numbers for you. So, lets say that you, all these stocks you entered at 50 a share. So again, this is all about trade management. Now yes, sometimes they turn around but the best sign to tell if youre in a winning trade or not is just look at your. Its about your consistency. Youre going to jump in, they dont have a very comprehensive plan. What was the difference? So if youre a 50/50 trader, and again, and this will work with flipping a coin. Now, I dont know what a good, I do know what a good slugging percentage is in baseball. This is what trading.
The we have a talk and we say, okay, no, look, this is already gone past where you want it. I know its like of course. I know I did it, I jumped into trading. How do you weather drawdowns? I really wish that I could completely remove the profit and loss column from all of your trading platforms. And then last is weathering downturns. Now, again, this is all theoretical. I have no idea. So, this prediction trap, please, from this point forward, if you have already not done high percentage day trading strategy this, from this point forward, never say that you know something is going to happen. You were right, they went your direction.
But Im telling you, you do all this work on a chart, you buy it. And what youre going to do is youre going to make trade after trade after trade after trade. But no matter how well you did it, you still had three to five that were just no good, and you did everything perfect, just no good. So what you have to do is you have to treat them all like theyre either the great ones or all like theyre either, theyre the bad ones. Theyre still going to have a distribution, but what theyre going to get, theyre going to get a whole bunch of little wins and theyre going to get a few horrendous losses. And these numbers are made up of two things. And you need to start to think about trading in those terms. I feel like a lot of us do that same thing with trading. Again, in directional trading, we love to see you get to the point where youre right slightly more than your own.
Now, if you want to say to me, Robb, its got this chart pattern, which means most of the time its going to do this, hey, oh, great. Thats not to say other methods dont work but I dont have time or the desire to sit in front of a computer screen all day taking trades that these other methods usually require. A lower risk-return profile to your trading will mean any losses will be smaller in absolute cash terms (see How profitable is Day Trading?). Now look, everyone thinks, no, no, I can change that, I can only have winners. All that matters is what is your net result. I mean, okay, they went for you. A successful trading strategy will take into account that even profitable portfolios include trades that lose money. So again, 55. Being a trader for quite a few years I have noticed a pattern that really works and it has only 2 entry rules. So again, I will be patient because I know that throughout the entire year the markets going to change and theres going to be a change in the market that is very conducive to the way I trade.