MoneyTec.com Traders Community Forum - View Single Post - What kind of trading is most profitable for ordinary people?

TraderABC · 07-07-2005, 15:36

Thank you all for your replies.

Right now I am going crazy reading all the literature and articles I can find... This is ridiculous how much there is to learn about the technical aspect of the market that I am not even sure is predictable... Thank God I have some programming experience and so I am able backtest fully automated systems to find the validity/falsegood in some methods. Speaking about programming, this is ridiculous that people could code my charting software yet provide non-working code for stop-lossess.... I wasted so much time redoing the code due to their lack of knowledge....

From all my fully automated tests, they still show the advantage of shorter term but more frequent trades... But the problem with quick trades is that one big loss can set you back very far as it happened with my scalps on demo... I've heard that a good scalper can make 10% of deposit on a good day... Now that is awesome (but unfortunately dangerous). On the other hand trying to catch a trend may not be a profitable alternative either as trends happen 20-30% of the time while short term trading opportunites happen much more....

07-07-2005, 15:36	#25 (permalink)
TraderABC level 3 Join Date: Jun 2005 Posts: 342 Rep Power: 4	Re: What kind of trading is most profitable for ordinary people? Thank you all for your replies. Right now I am going crazy reading all the literature and articles I can find... This is ridiculous how much there is to learn about the technical aspect of the market that I am not even sure is predictable... Thank God I have some programming experience and so I am able backtest fully automated systems to find the validity/falsegood in some methods. Speaking about programming, this is ridiculous that people could code my charting software yet provide non-working code for stop-lossess.... I wasted so much time redoing the code due to their lack of knowledge.... From all my fully automated tests, they still show the advantage of shorter term but more frequent trades... But the problem with quick trades is that one big loss can set you back very far as it happened with my scalps on demo... I've heard that a good scalper can make 10% of deposit on a good day... Now that is awesome (but unfortunately dangerous). On the other hand trying to catch a trend may not be a profitable alternative either as trends happen 20-30% of the time while short term trading opportunites happen much more.... Last edited by TraderABC; 07-07-2005 at 16:21.