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  1. O

    My only edge is technical analysis

    If you're a retail trader, it's enough. There is no right or wrong in trading. If there is anything you can do moving forward, it's optimization and automation. Suggestion can only be given if you share more details like instruments and the basis of your methodology. Anyway, what is you...
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    Trading one Asset only

    Orderflow is hard. I don't like it. Moreover, I don't have the capability to automate. Using >= daily timeframe to make decision for daytrade, personally, is guessing. That's my view. The most interday data that I use for daytrade is yesterday's intraday data although it's not necessary.
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    Trading one Asset only

    Some of them use pure chart and some use pure chart + order flow. The reason I left that path is the methodology seems to not robust and at the mercy of >= daily timeframe market condition.
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    Trading one Asset only

    Don't be surprised that there are profitable traders use methodology that only works on instruments in the same category e.g. stock index (ym/es/nq), grain (zs/zl/zc). I left that path though.
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    Trading one Asset only

    Should be good. Every instrument has its own quirk. It's even better if the methodology you use works on other instruments in the same asset classes.
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    The Real Reason Traders Fail

    A trader can only be considered a failure if he/she has edge (a trading system with positive expectancy) but no discipline (risk management and psychology (realistic expectation, consistent execution, etc)). Most who have failed has no edge to begin with. If we look at microscopic view of every...
  7. O

    how did your rules change as you progressed?

    Measured move is most significant. Trades taken after measured move has -ve expectancy. Removed those trades and the system has +ve expectancy. Developed different entry+exit rules after measured move and got +ve expectancy, the trade frequency increased and thus the profitability. After that...
  8. O

    feeling like the market is gainst you. whats the psychology behind it?

    Context is important (your direction analysis and entry) when discussing this. In general, you may take a look at measured move (you entry after price has reached measured move, thus require certain things to happen before you rejoin the move or you need different entry type) or trend dies...
  9. O

    What is the best prop firm trading in your opinion?

    I have to express my disagreement. If you're a profitable trader and want to minimize risk (regardless of having big capital or not), those bucket shops prop firms are leverage. There are multiple (verified) people out there who start by a smallest account on a prop firm and scale out to...
  10. O

    Post some TRADING PRINCIPLES that might help others (Not TA or systems)

    There are a million ways to make money in the markets. The irony is that they are all very difficult to find. ~Jack D. Schwager This is why I try not to disagree/bash other people opinions in trading even if I found their statement is incorrect from experience because my context/framework maybe...
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    Post some TRADING PRINCIPLES that might help others (Not TA or systems)

    Psychology/mental is overrated and only 1% of the game. Edge is 99%. Every part of your trading system should be measurable.
  12. O

    Swing Trading VS. Day Trading

    If one has high salary job (obviously good career path/growth), there is no incentive to pursuit full time trading. Unless being naive (possible with the current state of social medias). If mistake made, accept, scratch, move forward. We still have to live. You did great.
  13. O

    Swing Trading VS. Day Trading

    The last question is assuming you did great in day trading until today. Nevermind. All of us did what is best to us. I wish you do great for whatever path you take.
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    Swing Trading VS. Day Trading

    This is great summary of day trading. Take A+ setup on multiple symbols. In the old days, I trade futures using strategy that works on multiple symbols but only trade a single symbol due to high trade frequency (min 2 per days) and fast action needed. Nowadays, a different strategy that works...
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    Swing Trading VS. Day Trading

    May I know your stats (win rate, average RR, trade frequency per month, current capital)? Have you ever considered what you're capable of doing with what your trading activity provides that your employed friends not capable of doing?
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    Swing Trading VS. Day Trading

    People who have edge realized that in 1-2 years of profitable trading. Some decided to leave day trading, change to swing trading and got into corporate world back. Some decided to day trade for living because they could not get back into corporate world back, no career growth in their job or...
  17. O

    What does order book spoofing look like?

    Try trading software like bookmap.
  18. O

    What is the Smartest thing you ever did Trading

    Translating DOM trading into chart trading without any indicator including volume profile.
  19. O

    What Advice Would You Give to Beginner Day Traders?

    The heavy lifting is real even though you are not capable to fully automate everything. It gives so much freedom to your mind and body.
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    Swing Trading VS. Day Trading

    Design your system to fully mechanical. No room for subjectivity. Learn to code. Automate as much as possible. Going in algo path is the best way.
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