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It really depends on how you define a trend day. If we look at 'up days' strictly, approximately 54 % open near the bottom and close near the top of the range. Can there be deep pullback in between? Sure. If we look at days with only one major swing - that's pretty much 25 % of all trading...

Ok. Didn't see your entry, hence why I asked. I have no idea. But technically, we broke out of a multi-week trading range and that should mean 'something'. The market is way overextended for one single day though. Would definitely not short here, but risky going long too. At least from my...

I suppose it depends on who you ask and on what time frame. :) Good comment, though. I do agree that most of the time - adding to a winner may not be the best strategy on ES. But it really boils down to targets and strategies. If you bought near the LOD this morning you could effectively add...

Yes. It all probably boils down to having a plan. Regarding averaging down - it's not something I'd want to do. At least not now. I know there's people who claim to do it successfully, but to me it seems similar to selling options premium, i.e., it works until it doesn't. But if you have a...

Stop on what?

I've been doing this with some success so far, but normally I prefer to go all in/out. One time last week when I was caught in a bad entry with 1 contract, but kept my calm and realized I was most likely caught inside a pullback before take off. Price went against me by 6 points. Do not add to...

To complain about too much work and stress does not seem promising. Are you killing it just waking up and trading in whatever direction you see at that moment in time...? If so - hat's off to you.

I'd say that ET is usually a good mix between bulls and bears. Last week I was 46 % long and 54 % short on my day trades. Such a strong gap open on a Monday is quite rare, but there were at least one guy who were bullish for this week ahead of the Open. Obviously, to predict each day in great...

Multi week high coming up here at 2947,25. Even though I think we will trade it and possibly through it by a fair amount, I'm not playing it. I don't like the R/R on this trade as the upside is uncertain and sellers can hit the tape any minute now. EDIT: The market does like round numbers, so...

That's a 5 % gain almost. Unlikely today, IMO, although not impossible. I scalped a long this morning, but didn't have the guts to continue holding it. Tough to enter long here when we're this much up and equally tough to short this market here. The only game plan for a late long here seems to...

It's my view that this market is looking for any possible excuse to go higher. Only problem for today is that we're up quite a bit already. In the event that the current LOD @ 2923,50 does not hold - I have 2893 as a possible bottom if we don't trade all the day way down to Friday's Close...

3 ticks short of last week's High already. Should see another test of that level (2940) today, yes? OTOH - we're up quite a bit, so might be pulling back a bit first.

Nice headstart! :) How about a rule to make sure you finish green? Could be a trailing stop, i.e., not give back more than 50-70 % of your realized profits. Or giving yourself 2 more trades after being up a certain amount of points. Or scale down. I'm doing something similar as I would never...

So, if we zoom out a bit what we have here is basically a 3 week trading range which could turn out to be either a consolidation before a new push higher or a sell lower. People tend to see what they want to see - so for some it's probably a double top or topping area. Last week failed both to...

You should ask yourself how likely it is that anyone with the skills to effectively predict would post it publicly over time or share specifics about what they do. Jim Simons worked for years before he finally cracked it and yes - they predict. And no - they don't post on ET. :) Most people who...

Just because you don't know does not mean someone else doesn't know. Every attempt at making money on directional trading is a prediction that price is going in your favour after you enter. Predict. Anticipate. React. It's all the same.

Yes. You need to start thinking about what you can lose - not what you can win. In day trading - you really can't lose that much if you want to be successful. Having to rely on that + 30 point trade to get back to breakeven and some profits isn't a robust strategy. Realistically, you're not...

Are you sure you're not spreading yourself too thin? That's a lot of instruments to trade in one single trading day.

Five years of formal education and a minimum of three years work experience to become somewhat proficient is probably accurate for most professions requiring an education. And here - you have people guiding you both through school and work. There's always someone to ask. Trading is really no...