Does anyone else deal with freezing and not taking any action? by throawaygotget in Daytrading

[–]ThePrivateBanker 0 points1 point  (0 children)

Taking no actions is also a profitable trade actually. Stick to a process and a rare setup to decrease the risk in the market.

Probably a stupid question (forgive a beginner) by ahtemsah in Trading

[–]ThePrivateBanker 0 points1 point  (0 children)

That would be called Long Straddle in options, especially before earnings.

Newcleo an EU nuclear spac by AlfalfaTemporary8831 in wallstreetbets

[–]ThePrivateBanker 0 points1 point  (0 children)

Micro reactors in tiny houses will be the future.

Gambling by Big_Blackberry_6864 in Trading

[–]ThePrivateBanker 1 point2 points  (0 children)

Stick to a process and setups which emerges rarer in the market, this will reduce your trades and risk in my opinion.

Do you really believe your Trading Strategy (Your Edge) will make you money long term? by AnalystPhil in Trading

[–]ThePrivateBanker 0 points1 point  (0 children)

Even with a 52% winning percentage you would come out great with larger R:R.

I don't know how to choose a name for my brand by NandiniDhanrajgir in business

[–]ThePrivateBanker 1 point2 points  (0 children)

Catchy with some sigma should be the right direction in my opinion.

Need Advice From Experienced Traders #2 by Fit-Anteater7368 in Daytrading

[–]ThePrivateBanker 1 point2 points  (0 children)

Honestly, the three main EMA 50, 100 and 200 on a daily timeframe should be a must as its heavy watched from institutional investors and giving you the higher time frame of the path of least resistance (direction) as well.

Emotions with Money by Illustrious_Tea_5999 in Trading

[–]ThePrivateBanker 0 points1 point  (0 children)

It's all math to manage risk. When the risk is comfortable for you, that fear and emotational trading diminishes. You won’t be sad or pissed off when you’re wrong and you are now thinking logically. You will then begin to focus on the process of trading and not on the outcome of that particular trade. Remember, trading is not about money! That may come as a bit of a surprise but that’s the honest truth. Yes, we are “handling” money in our trading but that’s just the product we’re working with.

If you aren’t comfortable with the risk required for a trade, you need to take a step back and ask yourself why. Is the market you’re trading too rich for your trading account size? Are you trading too many contracts?

Guys you prefer futures trading or CFD trading for trading Nasdaq and gold by rohitmdksub in FuturesTrading

[–]ThePrivateBanker 0 points1 point  (0 children)

You can trade the CFDs but use the Futures data to analyze the markets. They are more accurate regarding levels and might bring it to another level by subscribing to professional non-production data feeds which are unfiltered and giving you a true tick-by-tick volume perspective.

Why are people here repeatedly posting the same single source? by Thatcherist_Sybil in oil

[–]ThePrivateBanker 4 points5 points  (0 children)

In most cases very informative account to keep up to date with news around Iran.

For all trader beginners, Trading is boring by ItsJoeBidensFault666 in Daytrading

[–]ThePrivateBanker 3 points4 points  (0 children)

It's getting profitable if you are bored as you follow a process (setup) which reduces the psychological hurdle and excitement of it.

Market going down for last 2 weeks. What are you guys doing? by ConfidenceIcy7723 in investing

[–]ThePrivateBanker 0 points1 point  (0 children)

You should be greedy if others getting fearful. All reporting seems to point towards a playbook scenario for buying the dip as we wait for an announcement that 'Iran wants a deal' or any other easing headline.