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(Sorry if you already mentioned this.) Do you still manage to be in cash overnight? My main problem when I looked into 15-minute bars last year is that I usually had to hold overnight, which in stocks at least, was often too expensive to my taste. That's making me lean towards 5-minute going...

Then let's turn this around. If algos represent 50%+ of the volume these days, distorting price action beyond recognition (since they don't take their decisions "humanly") making 2005-2008 as roughly the line in the sand when tape reading died, where might there be safe heavens? I'm not...

Whoa. All kidding aside, I don't get meaningful results if I throw in "dbphoenix" as a keyword though. Are your tracks still visible over there today? Edit: To clarify, I see discussion posts and that's probably all there is to it. For some reason I expected some kind of "leader board" or...

(Slightly off-topic, but since you bring it up...) Just curious, what keeps you so prolific in these forums after well over a decade of participation? I can think of a few possible reasons but I don't want to bias your answer. :cool:

So, no significant amount of liquidity comes from jittery CNBC addicts gambling away? No hedge fund or prop trader is affected by any emotion, ever, in discretionary trading? This guy doesn't exist, or was the only one of his kind? Huge players (say, Timothy Morge on FX for example) don't slap...

Again here's the thing though: you don't need to be an elite trader (rimshot) in order to make a living at it, you just need to be better than a large enough portion of the clueless/emotional ones to take some of their money. One increment above mediocre, as dull as that may sound. I agree that...

Thank you for bringing this thread back on topic. That URL yields an error by the way.

Here we go again...

Ah, whew! Yes I agree a shorter timeframe illustrates the action better than making some kind of animated GIF, or something. I hadn't thought of that.

Slightly off-topic, but... You must have some insane ninja reflexes for trading on a 5-second chart with good execution! :eek: I'm still not sure I'll ever drop (back) down below 5-minute bars, personally. In fact, I wish days were long enough to allow me decent intraday swings on 15 or 30...

Just curious: what's the motivation behind this survey? :)

I'll just take this opportunity to pile on and say that while I'm still in my mostly passive phase of observing and formulating my view of price action, and thus I don't say much here, dbphoenix's here thread is proving useful to me too, even without entries/exits. (I'm hoping that my current...

Who knows? But I've known that kind of people first-hand, so to me it's at least plausible.

I absolutely love this guy! A true engineer. Had a similar (albeit much less entertaining) situation with a math teacher in high school. She ended up conceding in private, at the very end of the year, for having been wrong in publically humiliating my perfectly good answer earlier on. For...

Just to clarify: unlike the clients, you were not day trading to achieve your profit? Otherwise you'd be actually proving that successful day traders exist (yourself) instead of proving the opposite. :)

Where do you draw the line between scalping (which IMO is not feasible from home), and day trading? A few minutes I assume. How is, say, a 3-hour long day trade different today than in 1915? There are a lot more participants, in a more efficient marketplace, but the motivations and human...

Timeframes are worth shopping for, but I don't think it's that easy to generalize which is best for oneself. For example, in a given instrument there may be clean, tradeable waves on the hourly which become completely invisible on the weekly, so much so that you might be able to extract for...

Not to go off-topic, but if you mean a physical trading room, try finding one of those here in Québec, Canada. ;) I'm sure I'd like the atmosphere, but EliteTrader must suffice for me.

I looked at them recently (TopStepTrader's the name btw), but when you look at their trading limitations and minimum performance, it seems that it'd be cheaper and less stressful to go at it alone at a high-leverage market-maker than with such a firm. (If one has a thorough trading plan and the...

I was merely illustrating how commonly-used leverage levels were already pretty risky in the unlikely but not impossible event of forced liquidation when nobody out there wants your position. I can't imagine AAPL or NQ dropping 50% in half a second, but it's theoretically not impossible. In...