day trading in bear market?

[easymon1]

Can't stop laughing

I don't understand how he could'a lost - He had Plenty of HOPE!
Just goes to show - ya gotta have the other half of the trading plan that includes a lotta wishin in there too!

 

[spooz]

EXACTLY HOW DO PEOPLE USE 4H CHARTS!!!

To identify interesting areas that are way to the left of your main working charts. There's some good stuff out there that you need to know about.

 

[nooby_mcnoob]

To identify interesting areas that are way to the left of your main working charts. There's some good stuff out there that you need to know about.

I have code to do that for me

 

[spooz]

Then why the question?

 

[easymon1]

scalping strategy to minimize exposure

Here's a guy that shows how he does one when in Scalpinopolis...
cued...
https://www.elitetrader.com/et/threads/i-hate-this-situation.365594/page-13#post-5561376

 

[maxinger]

Should i be leaning more towards scalping strategy to minimize exposure since the average trend tends to go downward?

first, you must know
investors and not day traders want to know whether it is a bull or bear market.


day traders want to know these :

1. dead market - not tradable because the market is not moving

2. choppy market - high chance of losing $$$

3. trendy market - easy to trade. lookout for continuation and
reversal signals.

unfortunately,
most of the time, the market is dead or choppy.


so be alert and wait patiently for the trendy market.
But then you must be able to identify these 3 types of market.

 

[GotherL]

Can't stop laughing

That can't be real.

He's just doing it for views & comedy relief....

 

[mute9003]

first, you must know
investors and not day traders want to know whether it is a bull or bear market.


day traders want to know these :

1. dead market - not tradable because the market is not moving

2. choppy market - high chance of losing $$$

3. trendy market - easy to trade. lookout for continuation and
reversal signals.

unfortunately,
most of the time, the market is dead or choppy.


so be alert and wait patiently for the trendy market.
But then you must be able to identify these 3 types of market.

isnt that basically what separates the profitable traders from non profitable
being able to identify the trend and trend change?

 

[john7722]

There are so many fake guru's born from the Covid lockdown + GME frenzy days!

If you just did the inverse of what this clown does one day you'll be the one owning the lambo.

View attachment 280279

I remember that guy . He always poped in my recommendations. It was about 1.5y ago . He had around 120K subs. I just watched 1 video where he was very bullish on NIO after a slight dip to $40 or so . I still remember what he said: "Keep buying NIO this might be the last time you see NIO that low in your life"

So taking the opposite site of youtube "guru" seems like legitimate strategy
How the hell does he have 500K subs. He must be the worst of them all , worst then that kevin guy probably

 

[GotherL]

must be the worst of them all , worst then that kevin guy probably

Oh, he is def the worse youtuber I've seen

What's so bad is he keeps telling his viewers to add to his losing positions.

He added NIO again on Wednesday near the top and it's already down 30%.

This guy just doesn't know when to quit....