Replies to post #264165 on Option Millionaires

[nlightn]

sorry for the late reply,...quite a busy day yesterday,....

IMHO,...the way a trader beats high-frequency trading and algo's and suspect market manipulation is with low-frequency investing /trading. sounds simplistic but,...consider this.

every trader would love to hit home runs,...5 baggers, 10 baggers, 20 baggers,..its the stuff that dreams are made of. but,...is that really realistic ? no !

and what that home run mindset does is position the trader to always be seeking out what could potentially be a home run. but here's the rub,...a trader can't know in advance IF that trade position will turn into a homerun. but that mindset is set and that is the carrot the traders mind moves on. that mindset is under the column of "Pigs get slaughtered." meaning how many trades does the trader enter until that home run is hit ? many...maybe too many. so in the long run the home run is short lived.


what really works is hitting a lot of singles,..rounding the bases and eventually getting home. as in low frequency trading making profits/gains on each trade,..taking the profits / gains when the markets giveth,..and move on to the next single (so to speak). will a trader hit a home run every now and then ?,definitely,..but don't literally count on it.

i as a trader would rather make 1-2 trades a day and make (for example) $500 on those trades making my week a $2500 profitable week instead of having anxiety to hit a home run and to do that i place 2-5 trades a day wasting time and focus.

every trader has their style,...get there as soon as possible.

plan the trade and trade the plan.

good fortune to you !

yeah but algos control a big majority of the market and they have no emotions but they are built to know that people do and take advantage of that imo.