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Maybe not, but I know some guys that backtest the crap out of situations similar to these and make a healthy living doing so. Research is about 8 hours a day, and trading is done via algo, but it can be done.

Moving averages can make you look like a genius in high volatility trading environments like we are in now. Rewind back to 2016, and you would not have faired as good from an intraday perspective. Nothing beats a solid understanding of price structure. Add a moving average in to give you an...

Even if ripple is a good company, why would people buy the coin if they could just use the technology ? Its opensource so any big bank can just rip off the technology.

First thing is you need to identify the type of bar that closes to make the highs. Price ranges differently within a big bar than within a smaller bar. It could be that 3 or 4 bars that helped to create the highs is where the flag is ranging within. This changes the behavior of the flag. I like...

Who cares why it rebounded ? These are all super speculative so when they gain even a little bit of momentum, everyone else loads up hoping not to miss the move. Soon as its done moving up, it'll come crashing back down again. Rinse, repeat.

If you want to talk trends, say a downtrend, I’ll often enter at a resistance area for a partial position. I’ll average down a little if it goes against me with proper structure only, or if price develops some type of bull trap, I’ll enter on the breakdown, which is what you’re talking about...

Looking at nq daily, if I was to trade this chart pattern on the 1 min, these 2 hammer bars are classic bull traps that occur in high volatility. Look for them to either fail immediately or over a period of 3 days. So more down move to go

A fool and his money are soon parted.

There’s countless ways to make money these days without having to work 12 hours a day. I think they say millionaires have 7 different income streams. I bought a few 3 family homes when I was younger. Still have them, do all the required work and enjoy it. Definitely doesn’t take me 12 hours a...

Perhaps you assume every successful reader wants to hit 7 figures or more ? I’ve always been comfortable trading 10-20 lot sizes in the indexes. My various strategies won’t net me 7 figures on this size, but definitely a livable wage if needed. I’m comfortable with this and am not looking for...

Trading is truly an inner journey, and by far the hardest thing I've ever done in my life. And once mastered, it gets boring believe it or not. After my mentor showed me his strategy, it still took me 3 years to understand why it worked structurally, how to make my own strategy, and how to...

This ^ for those of us that are successful. I’d rather mentor someone one on one rather than post on here and get criticism for something I do that has worked for me for years and years, yet have some person on a ET tells me it’s impossible, I’m lying, or I’m not profitable til i post audited...

Those of us that make money trading, do it under the radar. I've personally never chased he 7,8, and 9 figure pay days. My goal was always to make enough to never to back to a 9-5. I've always had a goal of $10-$15k a month trading, $7-8k real estate income, $3k per month dividend income, and...

Since Es and Nq are behaving so much differently, I'm watching the Vanguard total stock market ETf, VTI. Have it in my long term holdings, and watching to see if 124.50 breaks and holds below. Its under right now but I want to see a few days trading under this level. Once it does, the raging...

Es is completely dead in this 10 vix market for daytraders. Those who don't agree are obviously holding for more than a day.

Something similar has happened to me with my scalping strategy, but its strictly due to low volatility. I scalp the ES on the 1 min charts until lunch. Usually have 10-20ish trades. But the opening 30-60 mins over this past year has had a lot of 2 tick clustered PA. Meaning prices trend or...

Didn't say it wasn't tradable. Have a tough time getting filled sometimes on over 10 contracts. Gotta stagger them at different price levels and thats more work than i prefer when need to be fast.

Plenty of movement on NQ today. Just wished there was more volume in NQ.....sometimes it makes fills difficult. But ES starting to pick up. Maybe a Vix of 11 would make it worthwhile to scalp once again !

Time to buy. If wrong, average down next 1000 points

Which one of u told that nasdaq to jump when it was standing up against the cliff ? lol