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I don’t doubt for a second that traders can make money and sometimes big money. However, to consistently make profits is a rarity. I think that’s the key issue of trading. In other words, any strategy or indicator can work but none works consistently. That’s why I never use any indicators or...

There’s hope but you won’t find one indicator/predicator.

The right question is how did it go back to the market? At least that’s how my winnings went. Lol

I don’t believe stock price movement is random.

Trend in real time is a pure illusion. The best thing you can see is a high probability of long (uptrend) or short (down trend) bias within a short period of time.

Most likely unless what you did is so special that no one has ever tried before. Remember so many smart people have been trying with all kinds of methods. Very rarely a “holy grail” hasn’t been attempted in the last.

This is so true! I would call it the human cognitive deficit, as opposed to the more common human emotional shortcomings. We just don’t have the mental capacity to think of or foresee the extremities and the endless possibilities of market/price movements. No wonder trading is so hard. Even...

If you stick to risk management and your process, you won’t lose big even you don’t have a significant edge. Mostly the results will be random like noises.

As for spotting a trend early on, I got to say it’s a big fallacy. I myself used to think that way and found out that I could never capture a big trend. Later, I realized that the big trend thing is purely an illusion. It’s in fact a complete hindsight. You never know in advance if any move...

My point is a few times a day I can see the market clearly. But my psychology and execution often get in the way. Also, I think edge is not absolute, meaning sometimes you have a clear edge and sometimes you don’t. That’s why you need good execution and risk management all the time. In...

Today’s example below. I entered long at $236 around 2:40pm. Price immediately went up. I moved stop to $236.25 and set profit exit at $237.75 and walked away. About 20 mins later I came back and the price was hovering around $236.7. When it dropped to $236.56 I couldn’t take it anymore and...

PRM = take loss quickly. What about winners? How do you decide when to exit/take profit? A winner can easily become a loser. I think deciding when to exit a winner is an edge by itself.

If you have the infamous 10,000 hrs of screen time you’ll be good. Nothing can beat that.

Do it with a family member, like spouse or kids. Just need to do some training. My wife has been watching me trade for years. I bet she has more knowledge than 90% of amateur retail traders. Lol

A team of 2 traders can achieve that, with one as the spotter and the other as the sniper, so to speak.

Yes high probability of small reward or lower probability of large reward or even loss.

Use long term timeframe to determine trend, i.e., long or short. Then, use local PA to determine entry point. Best of both worlds. Lol it’s not common in the trading world.

Either way just keep testing.

Or you can scalp within one 5-min bar.

If you scale up 2x to $2k size you won’t lose a lot even you’re wrong. I’d say scale up to 2x and see what happens.