I have gone through many books , articles , video seminars and found presenters mostly talks about either of this …
[B]BUY LOW , SELL HIGH[/B]
OR
[B]BUY HIGH , SELL HIGHER.[/B]
They both can be profitable
as a swing trader perspective , which one is good … which one is mostly profitable in the long run ?
Experienced members please guide. I am concerned about the basic principle. I am not worried about Strategy.
Hi Godzilla,
For the basic principle:
“One day Alice came to a fork in the road and saw a Cheshire cat in a tree. ‘Which road do I take?’ she asked. His response was a question: ‘Where do you want to go?’ ‘I don’t know,’ Alice answered. ‘Then,’ said the cat, ‘it doesn’t matter.’” – Lewis Carroll
For more than just basic, backtest both and see how they fare 
How long you are trading ?
BUY LOW , SELL HIGH - So far Worked for me But I consider my self a newbie only been in the field for 2 years
[QUOTE=“godzilla;658093”]I have gone through many books , articles , video seminars and found presenters mostly talks about either of this … BUY LOW , SELL HIGH OR BUY HIGH , SELL HIGHER. They both can be profitable as a swing trader perspective , which one is good … which one is mostly profitable in the long run ? Experienced members please guide. I am concerned about the basic principle. I am not worried about Strategy.[/QUOTE]
All depends on market conditions
Could you please explain your comment ?
What he meant to say is, “I don’t really understand the market, so I’ll leave some obscure comment to pretend like I do.”
Buy low, sell high. Buy high, sell higher. Sell high, buy low. Who cares?
It’s all theoretical. None of the above are profitable in the long run. The expectancy of every Forex trader is zero over the long-term.
Hey sorry about that this guys seems to follow me around and just troll, basically IMO
ranging markets Buy low sell high , trending markets if the market is making new highs or new lows buy high then sell Low, thats what works for me,(Y)
Thanks for the clarification.
4 months.
Nb: the site requires me to write 10 words minimum per post and since “4 months” are not yet 10 words, so… yeah… 4 months.
Ha your comments are always so negative. How is forex trading for you? do you make money or not?
Yeah, agree with what liberty stated in hes first comment. The comment was quite clear, but probably not that easy for a noobie to pick up on.
What its going to come down to is what kind of trader you develop into. You cant just decide you want to be a swing trader or a scalper. You need to trade the type of style that suites your psychological profile, and the only way to find what suits you is going to be chart time and experience. Swing trading is probably the best to start with, which can later be refined into a day trading model.
[QUOTE=“mrquickbuy;658193”] Ha your comments are always so negative. How is forex trading for you? do you make money or not?[/QUOTE] he doesn’t he’s a troll I can send you bunch of threads this all he dose people don’t like him, he dose not trade at all, just has nothing better to do
Nope. Neither do you, nor does libertysilver, nor does anybody else on this forum.
I have to agree your observation has been debated by all the best traders, for example Paul Tudor Jones a futures trader likes to pick tops and bottoms, if you try trading the S&P 500, it is a manageable trade and you can essentially look to short the S&P 500 if the index has pushed a certain high, e.g. in the last 3 weeks the S&P 500 was over the 2000 point mark, you didn’t need to be genius to short once price stalled, well the S&P fell to 1960 before ranging at $50 per point per contract held on the futures contract e-mini and $250 on the normal S&P index, you can see why as you get more liquid in trading FX will take a back seat and your theory of sell high and buy low will make sense. If on the other hand you trade a 30YR T Bond future, you will be looking at $1,000 a point and the T Bond moves usually in one direction for ages with minor blips, in this scenario buy high and sell low doesn’t make much sense, at this level 1-2 points is normally great for most bond traders who would hold several contracts or even 1 contract most only risking a quarter of a point.
If you trade currencies of course calling the top or bottom is okay as long as you are aware that you will be stop hunted, it makes sense to confirm moves and with the level of institutional piggy backing, it makes sense to trend follower, in this case if price goes higher on good volume and momentum, then you should buy rather than expect the top. The commodity futures market normally has several reasons to call tops and bottoms e.g. oil is allowed 10 point either side of the price before being called limit up or down essentially trading ceases and you are stuck with your position till the next day in which case price could open lower or higher, if you are limit up, most traders will take profit the next day in which case price tends to open a little lower, the other reason is that most commodities have predictable tops and bottoms since their price affects real world prices of food on our shelves. Equities on the other hand is dependent on volume and the real supply and demand in this market the aim is to buy a stock cheap and sell it at a higher price and generally has a long bias as the short side is usually buyers liquidating their positions, so it is never a good idea to pick tops because a stock specialist will happily by their own stock just to entice buyers into the market so they can liquidate their position so artificially will move the price up above your top and since a stock can rise to infinity as long as people will buy it so perhaps not a good idea.
Anyway my point is it depends on the market and the movement you are playing for. The book Market Wizards has various top traders arguing the same point, however they are all billionaires and multi-millionaires and they play in all kinds of markets.
Hope this gives clarity.
You’ll get use to him. His name is JAD
He use to be really cool at first, then it went South. He has a great pic with his girl (or sister) with such a warm smile (looks so happy), guess he had just had one of those memorable nights, you can always tell by the afterward smile of satisfaction. At those points you tend to want to let some of that passion spill into the manly business of trading, so you pick FX since it is easy to get broker and open an account but then the market beats your ego and you realize rather than being a Rhode Island hotty stroking your ck, it is actually a rottweiler without a leash and your ck is in its mouth, suddenly your ego is shrinking and you need to get out but you need to restore your ego so, he pops a few mean words at others and says the whole game is rigged and everyone is a fool for playing and he is now Moses leading the Isrealites out of Egypt.
The only difference is, these Isrealites like to worship the golden calf… Now he is lost in the promise land.
Lol whatever you say, buddy. Must have struck a nerve there. If those aren’t the confused rantings of a delusional gambler then I don’t know what is.
I am quite fine BUDDY… I just enjoy messing with you.
I am just curious why you spend several hours a day just being annoying or rude in a forum for gamblers… Shouldn’t you be on Facebook or Twitter or take a drive to Manhattan and mingle seeing we are all losers here? Oh! It is like 3pm in New York shouldn’t you be working or making sure your hottie isn’t been schooled by some other brother? It is the big apple after all, anything can happen.
Check my posting history, I am hardly ever here anymore. When I get bored at work and run out of homework the Internet is all I have to amuse myself. Might as well get paid to post on BabyPips when I have exhausted all of my other options.
Anyway, I have no desire to visit the ultra-consumerist cesspool that is Manhattan. Only the mentally ill would dish out that much cash to live in the North East’s largest garbage dump.
honestly he is looking for attention , most of his post are in newbie section like hes trying to prove somthing or seem knowledgeable to others, if he dose not think forex is profitable that’s fine its his opinion dose not mean he has to come on babypips everyday and troll for no reason, put other people down especially when others are here to learn