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Re: ( POLL ) What type of trader are you
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Originally Posted by tonyj
* we all take losses...as small as possible.
* low pips and high leverage....
* market that is volatile, liquid with a very high average daily range....which we refer to as the "hook"...
*You can have your own version of an average...
(daily range....with something like 30 or 40 days).
*The hook=ADR/bid-offer spread.
* spread of EUR/USD is the only give you at least a better chance.
* Many newer traders don't realize how 50pips/day can help blow the can up.
* importance of time/price opportunities
* 5% to 10% of the average daily range...a 6-12 pips a day on EUR/USD
(one year you will make a 1000% yield )
* inefficiencies would be discovered and exploited by the market faster than you could blink your eye.
* the market is smarter than any one of us
* shortening the TP level skews the odds against you exponentially....
* the spreads chews up the small edge any short term strategy
ciao
Tony
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great analysis Tony ! 
grazie |