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This is like asking which is better screws or nails. Each has their application and drawbacks. The question you should be asking is: Which to use and when and when not. For instance short term MAs on a choppy day is pure silliness. And to a lesser extent so is PA. Trending days both have...

That is bad trading. Trading is a long term game. It is not about a trade or 10 trades, but about 1000's. Anyone can get away with a few winners out witting their own system. Don't use the "up xxx percent" as justification. Because the other side is blowing up. What to do? Look at your...

When you buy a software company, you buy the skilled developers, not the code. The code ages and gets outdated, as you are experiencing. The first thing the developers want to do is rewrite it. N.B. These are DEVELOPERS, not PROGRAMERS. This is a critical distinction. Likewise, you are the...

I think you might by myopic on the chart. The chart "read" needs to be put into context. By itself, it tends to allow any interpretation that you can justify. And there are a lot. I would suggest when you see a pattern of interest, go back and find it 2 or 3 times and see how it behaves. If...

From the description, it sounds like the system is too broad. Outside RTH and RTH, are two completely different animals. Within RTH there is enough variation from time of day and type of day to deal with. Combined with a human variation, like you described, is enough instability that a...

I spent 3 weeks working the IBD angle last century. No joy. Never looked back, FWIW. I don't think they have changed their methods since then.

Problem with Day Trading as a 9-5, is sustainability. I would suggest you work a 4 day work week, not 5, while you get started.

They are good for when there is less noise. I.e. longer term time frames such as daily charts and swing trading. One needs to mesh the "flips" with certainty and actionability. I.e can you get in and out and manage the risk once one has a signal. Hence time frames with less noise do better...

Speedo is correct. If you have a plan and follow it, there are no bad entries. One needs to understand day trading is not like swing trading. It is a matter of quantity of trades and percentages. Algo is this X 10,000. Yesterday was a good example. Following the plan, had lots of...

We are in a downtrend medium term. That is what it says. Not short term, not long term. Trying to guess and predict is a way to have random results. There are plenty of short term swing, and day trade opportunities right now in front of you. Trade them instead of trying to make ones up.

Sure! You can expense anything. Problem is IRS checking. In-laws did a dicey write off back in the 80s. IRS said No, so pay your 6K they told them. They did not on the advice of some hack lawyers. 9 years later, 175K in interest and penalties.

I wonder: 1) Were these Puts were sold in "bad faith". 2) The details on how the ETF managers are really handling this situation. https://www.bloomberg.com/news/articles/2022-03-14/options-traders-who-correctly-bet-against-russia-can-t-cash-out?srnd=markets-vp "... she found herself hamstrung...

You will figure it out. When people ask what should be in a Trading Plan, this is an example. (this comment is for other people). Order execution and Order risk need to be looked at. Usually not that complicated, but just need to be reviewed and understood. Most of the time, what they say...

Consider drilling down to the instrument level. Different instruments behave differently after hours based on the order, exchange and broker. There are issues such as where the order is stored, i.e. native or not, and if not is it synthetic, i.e. held at the broker until an event and then...

I use two time frames: daily for setups, 3 months and two years. 5 minute for 3-5 days for entry.

It was only good in certain markets so I went onto day trading which works in all markets.

I went back to the sidelines. Waiting for the Ruble-Russia default with the payment grace periods ending in late April. For swing trades, sidelines are the best place now, imo. Short term shorts etc, are OK, but I think the better play for swing trades will be to wait until the 50 EMA on the...

KG, I used to use TC2000 and a simple script that looked for: SP500 universe Price above 6.00 and below 100 Daily Volume greater than 1.3 daily average. Price rise greater than a percent of total price. It would give me about 10-20 stocks a day. Then I would scan them manually and pick the...

There is a LOT more to a trading plan than R:R, entry and exit. You can figure that out one piece at a time, or you can realize it and start on a substantial plan. If all your plan covers are those three things mentioned above it is poor plan. There are some old threads that talk about it...

Until you get over confident and ignore it, as in the starting of the thread. The issue here is not your "system", it is the ability to follow it. Let that sink in... The truth is, some systems are easier to follow than others. A lot of that is "fit" between the person, their risk-pain...