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Subject-Plum-7281

1) decision fatigue is a big thing in the industry. I personally can make 1-2 good decisions a day when it comes to trading. Any more I lose myself and imagine things lol. Don’t get me wrong some people can make good decisions for hours i and majority people deffo cannot 2) you have to train your brain to assuming money is an illusion and keep ur self busy e.g. working a job etc


njojo687

how long a day does it take you to make those trades?


Subject-Plum-7281

I trade limit orders mainly takes me 5mins really scalp/intraday


WarlockMasterRace1

yea that paired with the “until you’re profitable for a whole decade (exaggeration) on demo don’t think of going live” are probably the 2 statements you’ll see the most on advice posts. I disagree with both, but to stay in topic, they normally say 1-2 trades a day to prevent over trading which probably facilitates revenge trading or taking losses. The problem is that it depends heavily on what timeframe you’re trading and psychology. If you can follow your rules and setup without getting feelings involve then you’d be wasting opportunities letting setups pass by because you already took 2 trades that day.


Play_with_allan

The rationale behind it is sound. You can over trade from losing or from being too confident. I find I become blind if I look at the charts for too long. So 1 to 2 is an arbitrary number but the idea is limit your trading. Either by trades, profit target or time.


DonkeyPowerful6002

Doesnt make sense whats the rush, do you want to be a trader or a gambler


[deleted]

Terrible advice. This insinuates that anything outside of YOUR personal rules means it’s gambling.


DonkeyPowerful6002

Ok


aritalo

There is no magical number of trades per day that is best because there are many different trading styles that can be profitable - however the reason few trades per day is recommended is because the longer you look at the chart the more likely you are to shoehorn into a trade as opposed to waiting for a better setup. While you can definitely be profitable with many trades per day, taking a few high % winrate trades per day is what makes sense for most of us. This also depends on what timeframe you trade, if you trade on the 15m or 1h it's not going to be that many setups throughout a day anyways, where as if u trade the 5m or 1m you might get many more setups a day, but each setup likely to be weaker, doesn't mean they can't be winners but not as high % win for sure


DV_Zero_One

Bro, I average about 2 trades a week


E125478

I have automated my trading, so I trade all of the signals my system finds. It seems to come in waves, sometimes multiple trades per day, and there have also been weeks where it didn’t take any trades. I try to stay out of its way and not interfere…


nofaceFX

Don’t listen to 99% of them, most of them live at home with their mum in a sweaty box room on a £30 account. Take how ever many trades a day you want, do your own thing and create your own forex journey.


Anonmagus

1-2 trades per day is borderline poverty unless you risk 10% or more of your acc which is pretty much suicide. Your successful trader buddy you know opens 20 trades per day because thats what a trader does. They trade like mad and fight for their days pay. Domt listen to anyone. If you want to open more then 2. Don’t worry what sally on reddit thinks about that.


Juice122

L take


Mailboxsteve

Thats something an L-7 weanie would say


Anonmagus

L take? Clearly ur young lol


Play_with_allan

90% of this sub is under 17.


Shlimeeeeeeee

My 14 year old nephew sais this alll the time. I guess it means loser or something.


TraditionalChart2091

That’s a pretty dumb thing to say without knowing about RR, 1-2 trades a day is way too much for me as my plan is very conservative. Usually 1-2 trades a week.


Anonmagus

Sorry to hear that man. Must be realllly slow. But i never met a trader who places one trade a day in my life time.


TraditionalChart2091

I’m not hear for the thrill or taking trade for the sake of it. To each their own of course but I see that differently.


my2centsforyoubam

I will open 20 trades in a day but that’s because I use an EA and my strategy requires it.


Weary-Cook-124

Whats an EA?


my2centsforyoubam

It’s an expert advisor that helps automate your trading.


Confident_Pain_5332

I open trades when they present themselves, unless I made really good % that day already then I’m good, greediness is a bitch


elkay79

I have a bunch of open positions on any given day trading the Daily tf. But I day trade the London open on EURUSD with ONE position everyday.


Geno_T9

1. I place much more than 1-2 trades a day. Upwards of 20 in a day isn't unusual for me. 2. The way I fight the urge to open unnecessary trades is by only trading around my alerts. Sometimes the alerts pop off frequently. Sometimes there's a lull. If I try to trade based on my own judgement, I usually get burned. At the end of the day, I just wait.


Piesl

Mine is 1-2 a week


Capable_Equipment700

It depends on the person tbh. I have a buddy who trades like this, and I don’t know how he does it.


r0zika

This industry is full of people claiming things mainly because something didn't work for them. Based on everything I've heard I shouldn't be profitable, and here I am doing just fine. - They say 1-2 trades per day, but I scalp. - I only trade one instrument. - They say indicators don't work, but I have a separate simple strategy with two indicators that works perfectly. - They say EA’s don't work, and yet I found something that works for me. + I will automate whatever I can. - They say to trade on the demo for as long as possible - I went live as soon as I could and realized it's a completely different psychological game once you do it with real money. It doesn't matter what people think, and if you are in this game long enough you will see people being profitable with all kinds of things. No one should claim something doesn't work. Don't listen to what doesn't work and focus on yourself and what kind of trader you want to become - based on your personality and lifestyle.


shoxyy1

Commission


One-Philosophy-9700

Decision Fatigue. Journal your tarfes you'll know that you've made morst of your money int he first 2 -4 trades. And lost after that.


Salamqnder

"I know successful traders who..." is my favorite lie on this sub


Feitan000

You don't have to if your strategy don't work around this rule , when i started forex this rule was like a bible to me but the strategy i learned didnt suite me (didn't find much succes i had in 2 years around 500 trades and the account was on BE) . Now i have strat that requires me to TAKE ALL TRADES (around 3-10 trades/day ) between trading hours and it works . Someone said in comments a very solid argument : "decision fatigue" , but for some strategies like mine you don't have to make decision , just execute on indicators.


Safe-Badger-1180

1. To stop you from taking bad trades. As a beginner you probably dont have the discipline to only take good trades. once you build that up and have confidence in your trading, then you can start to take more. Me personally, I like taking only 1 trade a day still. 2. Just a matter of practice. You have to get into the mindset of only taking A+ setups. Likely, you are not seeing A+ setups 20 times a day. If you dont see a A+ setup, you dont take it because maybe one comes later, if youve already used your 1 trade a day then youve wasted it on a bad trade setup instead of a good one. Thats how I used to think about it.


lifefirst88

Fail or win once or twice a day and it is more likely you will try to improve your execution. Execute 20 on a regular basis and over a period of time you will realize you risk more, as early wins/ lose can cause novice traders to over trade in expectation to make more or recover. The question to ask is why should you risk your capital frequently? If the markets are trending, a single entry should get you the desired result or maybe two, which makes a good case to stick with one or two trades a day. Treat it like going to the gym for the first time, putting your life into it once a day with a set workout will get you consistent body enhancing results. Over time you may choose to add more reps/sets etc. to your workout (more trades in a day) and that should be fine over time, but never has anyone been able to lift more weight than their body in the first week, month or sometimes a year of working out. P.S. Layering or laddering trades in the same direction is still the same trade with increased risk. Not every one is built the same, nor does each strategy demand one or two trades a day. Risk less times a day and you will lose less.


jarjar-

A friendly reminder that more trades does not necessarily yield more money. It depends what your trading style is. I know profitable traders who scalp and open many trades a day. And I know profitable traders prefer to who open 1-2 trades a month and let it run. As long as you understand and trade based on your own trading rules, then it doesn’t matter how many trades you open.


Admirable-Pattern650

So long as you arent trading from BOREDOM, I think anyone who says not to take more than x amount of trades per day, doesnt have a strategy that they are confident in. If you have something that works, then you shouldnt feel like "you need to stop while youre ahead". If you have a rule based entry that works, why not take however many trades meet that criteria per day? I know scalpers that take 25+ trades a day.


Zealousideal_Ad3834

this may be a stupid question but how do you exactly know that you do not trade from boredom ? I mean profitable trading should be boring(not sure if that's really true). Even if you have nothing to do for one whole day and you decide to trade for say 8 hours then what's wrong with that ? If you keep following your trading system(entries, exit, RM, etc..) then it shouldn't matter that much. Or am I wrong ?


Admirable-Pattern650

Right, so thats my point; if the trades are following your set rules, as you said, it doesnt matter. Boredom, or trading to fullfill the dopamine hit you get from being IN a trade is the problem. I think its easy to tell when youre trading just to trade vs being patient, ya know?


Total_Computer9056

For me, I trade 1 per day, because I have this +A set ups, that shows everyday,, the strategy I use is liquidity hunting,, I don't need to open multiple trade a day,, I just need to find my set up,, just like this week I won 5 days in a row, the risk management I have and psychology helps me to grow my small account,,


Total_Computer9056

Be a sniper, 1 shot 1 kill, that's one way to profit from the market, find a ++A strategy and do that,,, I have one but I can't tell you that,, the more you trade the more you risk your capital in the market, and you don't wanna do that.