User Power
Value/Post Ratio
194%
- Dec 21, 2015
- 31
- 60
- 28
woah , nice stuff going on business related ..
But i'll like to clarify something .. if u believe you can profit consistently just using price action , you are seriously deluding yourself unfortunately ...
Having worked at algorithmic trading prop firm, and now trading on my own , i know first hand the dream being sold to new traders who think they can generate 50% per month after reading a book or taking a crappy course from someone who havnt even put on a live trade for a long time ..
finding market inefficiencies , designing and coding systems around them to verify if has a statistical edge , and then constantly optimizing the portfolio to maintain the live trading's parameters under the historical perspectives ( the typical lifespan of a profitable system in my experience is 1.5 years max , after that it begin to lose its edge ) isnt an easy job , and a far cry to being profitable learning " some price action method " ..
In case you're a discretionary trader , learning to read order flow , and learning how the effect of the volume traded at a certain price relates to the price itself is absolutely vital if you want a chance to live in the dangerous arena of trading where the world's smartest players play..
But i'll like to clarify something .. if u believe you can profit consistently just using price action , you are seriously deluding yourself unfortunately ...
Having worked at algorithmic trading prop firm, and now trading on my own , i know first hand the dream being sold to new traders who think they can generate 50% per month after reading a book or taking a crappy course from someone who havnt even put on a live trade for a long time ..
finding market inefficiencies , designing and coding systems around them to verify if has a statistical edge , and then constantly optimizing the portfolio to maintain the live trading's parameters under the historical perspectives ( the typical lifespan of a profitable system in my experience is 1.5 years max , after that it begin to lose its edge ) isnt an easy job , and a far cry to being profitable learning " some price action method " ..
In case you're a discretionary trader , learning to read order flow , and learning how the effect of the volume traded at a certain price relates to the price itself is absolutely vital if you want a chance to live in the dangerous arena of trading where the world's smartest players play..
Dislike ads? Remove them and support the forum:
Subscribe to Fastlane Insiders.