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Today's gap from yesterday's Close @ 4:00 worked quite well today.

Theoretically, day trading will always outperform swing trading a single market, assuming you're actually profitable and consistently capture a piece of the daily range. Easier said than done, obviously. And generally, I think swing trading is easier to master than day trading for multiple...

Every or most markets have a huge variety of players with different motives and time frames than you. Your day trade long entry may simply offset the part of an order of a larger player hedging his portfolio or some other player taking profits on a long term trade. As long as your chosen...

I'm sure there are traders who simply got lucky. Just like there are traders who happen to master a specific market condition/period, but fail in a later period. For example a low volatility up trend versus a highly volatile range bound market. But there is no doubt that there are market...

All pursuits beyond the 9-5 involves uncertainty. For every successful entrepreneur or trader you never hear about those who didn't make it and even put in substantial efforts over years. Trading is probably the most difficult business to pursue as you're basically on your own and those who...

1-Minute, but the bulk of my methodology/framework is not chart based per se or based on reading bar-by-bar patterns. 5-Minute appears to be the 'industry standard'. It strikes me as slow and blunt these days - although you do of course not necessarily need to wait for a bar to close before...

It really makes you wonder why someone who's as successful (allegedly) as Destriero behaves the way he does. He sure spends a lot of time obsessing with other random posters on ET and some of them he even claims to be paper traders. Why would a successful dude bother about a paper trader on...

A minimum of 3 per day as my standard trading log/journal. Additionally, I take extra screenshots of other patterns I track when they show up and add them to my catalogue/database.

Trends. Seasonality. Weekday effect. Timings (HOD/LOD). Etc. And yes - I know there can be runs in random data, too. There's of course a lot more to it than this, but I've spent many years and $$$ to develop the framework I use to understand/read the market on a daily basis, so I won't be...

Probably. What's your actual experience in the market? Do you have practical experience or only book knowledge? Have you ever back-tested anything at all? Do you have access to highly detailed datasets of the market(s) you're looking at? Back-testing is just as much about discovering what...

Yesterday was an Up Day. Generally, on such days it's better to short after the initial morning pop and/or circa 11:00-12:00 for a pullback. Rallying into the close is a common pattern. It happened on Monday, too. And last Thursday. So, careful shorting. So, the problem here wasn't your stop...

Tight stops can be deadly. No stops can be deadly too. On average, you should do fine with a 5 point stop on the e-mini S&P 500, although there have been times during this heightened volatility where a 5 point stop would stop you out immediately. So, volatility needs to be considered. It...

Only if there is a benefit beyond the actual simulator, i.e., teaching, guidance, etc. And even then - I doubt it's of much value as generally what's of value is kept secret. You can train in the simulator for free. :)

Great read.

This topic is an old one and always seems to stir up some controversy. At the highest level of trading it doesn't really make sense to have a profit target, but if you're not yet at the highest level of trading I think it can make sense. I wouldn't choose an arbitrary $$$ though, but a modest...

As long as you can buy and sell - are you really up against anyone...? :) And I do believe that Simons used technical analysis: IMO - as long as you're using the past to predict a future outcome, you're using TA. There are of course various subsets of TA. Regardless of all that and...

The thing is Jim Simons struggled for years and years and even had a huge team to help him before they finally had their breakthrough. And that's a brilliant mathematician who made major contributions in his field and were considered by his peers to be wasting his talent in pursuit of money...

I'll add D) Not even having assembled the relevant data to back-test/check to begin with. Takes time.

Only if you believe the markets are random and as a result unpredictable. And back-test what exactly?

Inside Day & Net Positive today as long as we open positively . Most likely. :)