Search results
-
n/a
That's mostly correct, best time to add to an existing swing is 3:30 - 4pm, if closing at 2day high. I often buy a bit premkt or during the open if above prior days high then scale up into the close if at 2day high. Worst entries for any style is choppy in the middle of prior days range... -
n/a
They're so critical, I used to use tick but now just TRIN & VIX. A useful momentum indicator? I custom created that's very useful is simply a big SPY 4 1-minute closeup candle chart. Great for following directional volatility, it's in lower right here: Mad a big difference, roll ur own... -
n/a
My apologies if I wasn't clear on exactly what I was trying to communicate, my first post was just a starting list of notes . Main thing I learned is traders get hung up on magic chart patterns and bs indicators, get stopped out and frustrated. When instead they should focus more on when... -
n/a
Totally agree, what works for one trader is not for everyone. Key is to TEST and see what works best for you personally. Usually it's a combination of different strategies each trader develops for themselves. Don't try and copy any one trader's approach blindly, use ideas as starting tips... -
n/a
Let me clarify re entries vs exits. I should have said trade management (including stops, size traded etc) is more important than entry decision re do I go long and hit the ask at 22.3 vs 22.4, which is the type of thing newbs get hung up on. And I'm one of the world's top rated industry... -
This is the end. We are witnessing collapse of the global economy
I'm worried re federal government too little too late. New from Fauci, I think it'll be more. We should all fear for our lives, this is not trivial. I listen to expert epidemiologists: https://www.cnn.com/2020/03/29/politics/coronavirus-deaths-cases-anthony-fauci-cnntv/index.html -
n/a
Great story, been there too...pisses me off to be up +$700 by 10am, get overconfident and overtrade, ending the day down -$345 at 4pm. Best fix is mostly scaling small positions so ur playing with the house's money, then tighten stops after it's run to just under whole number resistance... -
n/a
Great post... and I applaud you for posting ib screencaps. The fact that you wisely avoided trading Friday's choppy af market, like I did (zero daytrades, did premkt & eod swing entries) totally earns my sincere respect. ET traders take note this is Frank's first post and he did it... -
n/a
Hi, thanks! By tight stops I mean inexpensive stops, like $100 max for daytrades or $300 max for swings. How to do that will depend on your risk/reward numbers and trade setup. My approach to help minimize shakeouts: Patterns: minor gap continuations, cup breakouts at 2day highs... -
n/a
No actually the opposite, because I'm firing off many separate OTO small trades each with trailing stops.. My worst losing trades are scaling into costly swing trades that gap against me. Like what could happen Monday if the inverses I'm in gap down if mkt rallies. Therein is my trading... -
n/a
Yes, my point is that unlike many other educators who can't produce Any proof they trade, I have traded many millions worth of actual trades. That experience has been valued by my many customers, since it's authentic. I'm so happy to get such a warm professional welcome as a sponsor here... -
n/a
I never said to use random entries, I was using that extreme example to highlight the importance of exits and tight stops.. And I never said anything about always net positive, what are you smoking? See dozens of my top rated Entry strategies in my 30+ articles...