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It just means being on the "right side" of the market regardless if you trading ticks or yearly charts. Everything else is up to you and lots of hard work.

Whether seen or unseen the pros know where to go to hit them and they will do it just to confuse everyone even if they take small losses. Simple as that.

Not suggesting either way just a chart with my opinion. I was watching GOOG for a cup and handle pattern confirmation(seen on daily/weekly charts) and a run to the highs (700's). It's previous topping reversals fall '07 and summer '08 as you can see took time - sideways before reversing is...

I have written scans and auto-strats for some ohlc patterns like popular candlestick patterns in TS. TS does offer some off the self scans as well. I run a scan on 75 stocks that detects patterns in Line Break charts and works very well for my day trading. My personal opinion is that ohlc...

I disagree. I scalp. I've been trading for over a decade. I scale in and out depending on the situation. To suggest a 100s or 200s position is wildly overextended is ridiculous. An anchor trade of 100s is minimal (pm me if you don't know what that is) and even that can be parred down to 50s...

Well, I realize this post was a month ago but I follow gold. Here is my 2cents. If I was long I would be nervous. Watch the newly formed support as a pivot.

chart it and watch it on variety of stocks or indexes. some stocks will play it, some will blow right past. if you like horizontal pivots also look into camarilla, woodie floor pivots - again, not all stocks play those lines and the ones that do, do not always. Might be good to have them charted...

Interesting read. Agree about volume, esp on larger time frames. My trade is intraday (3min) so volume is important but not always the key. Intraday, price can move nicely w/o volume support - sometimes it is manipulated, sometimes just temp emptiness on the opposing side of the market but if it...

not in GA but willing to chat, email. been writing auto strats for over 6 years on TS. drop me a PM if interested in discussing.

Want an edge? Follow a set basket of stocks and learn how they trade in all market conditions. What affect differing volume has on price. Order flow, spreads, ..... Does price respect floor pivots, figures, previous day HOD?LOD?, etc?? Do they trade with TICK and/or Spoos? What is average daily...

The tape has been taken over by the bots - not like the old days. I have seen the term scalp used to define spread trading and trading quick moves off short minute charts. Either way learn something about tape reading if you want to do short term as your main edge. Also consider charting floor...

lots of good advise on this thread. Different for everybody. At my old prop, I saw overtrading kill careers before they even got started. Stop when you hit your first profit of the day. Regardless if it is as little as $50 or in the first minutes of the opening. You need to condition your mind...

Try using a standard deviation around your triggers as a tool to giving you an advance notice. On TS I use audible alerts on all 50-60 stocks I monitor.

If you trade based on what you think you will find yourself hoping, which is not a good trading practice.

Well said. Like the part about money management. It was not until I understood how to properly manage trades that I became consistently profitable. Yeah, it can take years - most who fail give up long before that.

took my short at the open today for a day trade for some nice points- I typically don't overnight but it's def a money maker on any time frame when it wants to move

How long have you? Let me guess, if I say 11 years you will say...15, you do not agree with my statement about business models and you want to start some pissing match over who has been trading longer - so what . I do what do I best and I am sure you as well. Overnighting is a different...

I do better day trading/scalping, it fits my personality which is key. Overnighting stocks vs. flat at each close are different business models.

I have been trading for years and I still get back on the sim on a regular basis. Especially to try out new strategies, ideas or total systems. It is no different than pros who strive to excel in any other vocation. True, not quite the same as live but mistakes don't cost.

markets are fine for day trading - actually when things get choppy reduce time frame and shares or go flat