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divyanshisharma

What is the Simple Trading Strategy for Full Time Traders

By divyanshisharma, in General Trading

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CrazyCzarina    17

CrazyCzarina
Posted

You have to keep on trading with a very small amount of money for several months and when you see that you can make a profit and the number of your successful trades is more than your bad trades you can increase the amount of the money little by little.

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mukti    0

mukti
Posted

The 10 Simple Trading Strategy for Full Time Traders-

  • Always Use a Trading Plan.
  • Treat Trading Like a Business.
  • Use Technology to Your Advantage .
  • Protect Your Trading Capital .
  • Become a Student of the Markets .
  • Risk Only What You Can Afford to Lose .
  • Develop a Trading Methodology Based on Facts.
  • Always Use a Stop Loss .
  • Know When to Stop Trading .
  • Keep Trading in Perspective .

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pancho    0

pancho
Posted (edited)

Trader Miranda Ofarre comments that in her first steps she tried to gather information about the short-term systems designed to enter into strong trends. That is, the 'trader' would only enter well-established trends. The surprise was that this technique did not work at all. Since no one can spend 24 hours a day watching the screens to decide when to open a position, the expert suggests that it is best to calculate an average. Indeed. If, for example, you miss a (long) purchase transaction, "average the four most recent lows and use that level as your new entry price." On the contrary, if you let a sales signal pass, "average the last four maximums" and that will be your exit level. This technique will not always allow you to enter the market, but it will give you a second chance.

Edited by pancho

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Stan1    1

Stan1
Posted
On 5/21/2019 at 5:36 AM, mukti said:

The 10 Simple Trading Strategy for Full Time Traders-

  • Always Use a Trading Plan.
  • Treat Trading Like a Business.
  • Use Technology to Your Advantage .
  • Protect Your Trading Capital .
  • Become a Student of the Markets .
  • Risk Only What You Can Afford to Lose .
  • Develop a Trading Methodology Based on Facts.
  • Always Use a Stop Loss .
  • Know When to Stop Trading .
  • Keep Trading in Perspective .

Great advice, particularly the trading plan. I never see enough of those.

If simple is the parameter, then what a simple moving average crossover? Even that is complicated if you can't read a chart. 

Hmm, buy spy and hold? That seems the most simple. And it is engineered to always go up. Should work.

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