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The problem is to be disciplined 100%. That’s hard.

All good questions that we need to think carefully about before fading.

I am still struggling on this exact problem and I suspect many traders are in the same situation. My understanding is that’s just how human perceives the price movements. It’s our innate cognitive and psychological trait. And that’s why it’s so difficult to overcome even after we fully realize...

Even in the industry (biotechnology) I work in there’s a ton of work can be automated that’s currently done by fallible humans.

My understanding is whatever law simply doesn't apply to stock market in the short term, where day traders operate unfortunately. Price can truly extend beyond human’s widest imagination in some cases. Thus the saying “Anything can happen in the stock market.” Take heed!

Day high/low or both often appears during the first 1-2 hrs of the trading day. If you realize it you know the price will very likely go the opposite direction for a long time to reach the other extreme.

Realizing day high/low is a significant edge.

It looks like you have a very small edge. With more time and experience your edge will grow so you can comfortably do longer trades.

Intentionally or not I believe the market definitely seems to manipulate human weakness, in particular human emotions. However, I am not sure about the last sentence/conclusion in the video. You trade with them? How? That’s simply impossible. Otherwise, the whole scam won’t work. We know most...

LOL politics vs. economy.

Market always extends more than human cognition.

I am talking about any penny pickup trading in the financial markets, being it options , equities, etc.

If you’re not doing HFT why try to pick up pennies? I used to pick up pennies in front of a train and 99% of time I eventually got run over with a handful of pennies. All the pennies are lost and more with one run over. I know the “free” pennies are very tempting. Being there done that. You...

Yes! There’s an audio version on audible.com.

Do you realize being a trend follower you’re predicting the “trend” is continuing? I suggest watching some YouTube videos by Denise Shull. She has a book called “Market Mind Games”.

And got lucky on Covid. Jeez

Exactly! It’s like whenever I am watching the market every one of my prediction is correct but as soon as I start real trading I am losing. ;)

Need to separate determination from stubbornness. I used to be more stubborn than determined. lol

I think it’s the same logic for trading equities, finding the 5% chance consistently and take quick small losses when realizing it’s not the 5% trade.

But you just don’t know on a consistent basis. Where is the edge? My conclusion is if everyone or most people can see something it’s not a true edge.