Search results

Good question. My initial experience (and success) was as a swing trader in stocks. It was only after I decided to get serious about learning trading that I was convinced by someone I perceived to be smarter than me (and successful) to pursue day trading. It turns out he was not successful as a...

As far as I can tell - the difference in addition to time spent executing is that success or consistency in day trading is much harder to achieve than low frequency swing trading or investing. That's not to say that swing trading is easy or does not require effort/research. But I do think the...

Should be interesting. However, you did go AWOL in March 2020 and on the first post upon your return you said: If you're compounding using such a strategy - you will one day lose a substantial amount of money on a tail risk event. In 2020, there were 21 days where the market gapped down 50...

History repeats itself.

How would it make markets more efficient? If a market was 100 % efficient - a given stock or the market as whole would always be correctly priced with random fluctuations around a given price and should only be re-priced upon new information (and quickly so). And if the price of a stock rose...

From my cursory experience with NQ this does seem to be true. The only other instrument I ever studied in detail for a while was CL and I vividly remember how levels didn't really matter or were more like rough zones. To me, or rather the way I perceive the market, ES is much more technically...

Interesting. Prior Day High/Low? How do you feel those European instruments compare with the US?

I think there was a time in the past where it made more sense to choose NQ over ES because of greater volatility. With current nominal index values and volatility ES is very tradeable and offers a lot each day. I haven't made an in depth comparison of the two, although I do watch NQ on a...

As active funds are losing, and probably will continue to lose, market share to passive funds - how will this affect market valuations? It's not something I've thought a great deal on, but in simple terms, it seems to me that if there's no longer active funds which can express their opinion on...

2/4 days this week opened gap down, though. Anyway, looks like this market is going to the moon. I imagine we won't see a sustained drop in our lifetime or before the US defaults on their debt - if that happens. EVERYONE I know which are involved in the markets, mostly retail amateurs, are...

If you "made it" in 5 years total on your own, I think you've done very well. That's why I would not advice anyone to pursue (day) trading. The opportunity cost for most people is very high and there's no guarantee at the end of the road regardless of how much work you put into this. That can...

Would you still trade if you didn't make money doing it and were consistently losing? How many? Did you ever give up? Would you have given up if you eventually realized you wouldn't make money doing it? Like you, I also enjoy and even love the game. I do not think I would have been able to...

Yes. That was a great interview. If you remember another interview, Bill Lipschutz, he also had his house stacked with screens just like you do. He was also a currency trader. I don't think I've met or read about many successful traders who didn't spend all waking hours on it - at least until...

It really depends on your approach and what you're doing. If you're consistently profitable as a technical trader, have your methodology fully worked out and have answered all the questions that needs to be asked, it's only a matter of executing your strategy/system for as long as you desire or...

Maybe 3720 on this leg up.

New high most likely now, although you get the feel they might pull the rug any minute. I'd be slightly surprised to see a new LOD on the day now and we'll most likely close above 3700. Should need some news for that to happen. Any takers?

Fearless algos keeps buying the dip. There always seems to be a bid in this market...

Epic rally or flush coming. I think we drop, but the market doesn't always go in a straight line like yesterday. Yesterday was rare in that fashion. 93,50 / unchange remains a pivot here.

Deep pullback done. Tricky. Could stage a rally here for a new High or print a new LOD. Flat from all shorts, but will go short on the next push below 93 or so.

Yesterday's Close holding up this here, but internals are weakening. Add on a drop below 85. Targeting 50.