Search results

I beg to differ

I’m glad for him, but any strategy that depends on luck won’t cut it. I shoot the shit on ET for interaction, but at the same time want fellow traders to follow the path with the most certainty, and I mean that sincerely.

2% a day? It’s detached from reality. Why hide the truth and encourage him to crash and burn?

I think you shall not

No doubt about it. It’s not about direction. It’s putting yourself in the right place/time with strict size/risk control that makes or breaks you.

Of course. Leverage, liquidity, and tax advantages are critical factors outside of edge/execution, and a centralized CME exchange provides even more incentive. I agree with the TA knowledge. I get bashed here when I outline the irrelevance of chart, bar, and visual TA pattern trading, but most...

Unless you can profitably trade the underlying, I doubt you’ll succeed with options. Good luck

The bias is the context/meaning behind the lines, unless you’re market making.

Even if you show them, they’d be lucky to get filled on even one instrument when the demand shifts, which happens at the speed of light. The execution has to be coded.

Horizontal lines work, but most chart monkeys can’t get the math right, and always late to the party. Also support and resistance are nonsense terms. Markets just seek liquidity, that’s it.

I’ve never found prior day stats to be useful for establishing intraday bias. Post-open supply/demand is my only gauge.

I look at it from a practitioners perspective. This book sums it up well.

Best place to start is a deep study of gambling math/stats/probabilities, followed by market microstructure. Real microstructure, and not 3 bar breakout tactics.

It is the only way unless you’re buy/hold index investing. Any successful trading operation that exists uses one or both, in some form.

Just trying to help. Find out who (verifiably) makes money in this business, and do what they do. That’s what I did.

Ask RenTec and Citadel :)

If you have to look at charts and price bars to trade, you'll never make it in this business. The players grinding out the math and execution logic, will always be steps ahead of you. Don't kid yourself. Get smarter, or find something else to do. You need to graduate out of charts and bars ASAP...

In regards to HFT, this isn’t a piece of the puzzle at all. HFT works directly with the exchange, and pay exchange fees only. With a broker, you’ll engage in medium frequency at best, which can still be very profitable with the right setup, of course with lower win rates.

https://www.qmatix.com/

A newbie trader lacks respect for the market, and underestimates the outcomes. A professional has every angle covered, and can still lose money. They embrace the uncertainty (win or lose).