FREE TRADING ADVICE for aspiring traders

[ballsofgold]

There's an enormous fallacy that people keep repeating on forums, that the markets are the same now as they were 100 years ago. That's not true at all for intraday scalping. The algorithms can calculate in near-instantaneous speed all locations of stops, all entries at the market vs entries w/ limit orders (cumulative delta) and all open limit orders as well as stop orders. Try scalping Crude Light futures on a 50 tick chart and tell me that's the same as it was prior to high frequency trading. LOL

I agree 100% as a result i had to change the way i traded bc i started losing money. What i meant was over a longer time frame, the market cycles have not really changd

 

[VPhantom]

There's an enormous fallacy that people keep repeating on forums, that the markets are the same now as they were 100 years ago. That's not true at all for intraday scalping.

Where do you draw the line between scalping (which IMO is not feasible from home), and day trading? A few minutes I assume. How is, say, a 3-hour long day trade different today than in 1915? There are a lot more participants, in a more efficient marketplace, but the motivations and human element didn't change. Surely people who say "day trading" aren't all talking about scalping sub-minute positions?

 

[ballsofgold]

Interesting. I haven't found technical indicators to be of much use personally. If I understand correctly you are buying at the extremes of your proprietary channel. Do you takes trades on both sides or just entry with trend. Exit middle of channel or other side?

One side of consistent with the trend bias for that time frame...on the extremes
This ntg new, again just helping those who have not gotten it yet

I do pay up when i have a discretionary view but that is when im using my gut sometimes....

 

[AdrianHagh81]

There's an enormous fallacy that people keep repeating on forums, that the markets are the same now as they were 100 years ago. That's not true at all for intraday scalping. The algorithms can calculate in near-instantaneous speed all locations of stops, all entries at the market vs entries w/ limit orders (cumulative delta) and all open limit orders as well as stop orders. Try scalping Crude Light futures on a 50 tick chart and tell me that's the same as it was prior to high frequency trading. LOL

can you post the before and after hft chart and show the div ?

 

[lucysparabola]

can you post the before and after hft chart and show the div ?

he's likely referencing the ability to get in/out of trades as well. all points are valid on sub second time periods but anything > a few minutes and the psychology of the market is the same as it always has been.

this thread is wonderful for observing whose mindsets are correct and whose aren't for trading.

 

[ballsofgold]

It would be difficult to show with empericaal evidence....the algos just are doing what humans used to do... bank were notorious for running in stops and even collaborating jointly...dodd frank is a good thing from that perspective but in effective as someone else is doing it better already

 

[Javier]

I think only q3d is telling something right for daytrading.

 

[ballsofgold]

Interesting. I haven't found technical indicators to be of much use personally. If I understand correctly you are buying at the extremes of your proprietary channel. Do you takes trades on both sides or just entry with trend. Exit middle of channel or other side?

you can exit on middle or otherside...how
You create entries or exists up to you after u define your risk profile...feel free to post an example and we can paper trade it next week

 

[marketsurfer]

So not a real Hedge Fund Guru ?

Can't you just PM him and verify his credentials surf ?

Don't need to. It's an obvious spoof or vendor.

 

[dbphoenix]

Where do you draw the line between scalping (which IMO is not feasible from home), and day trading? A few minutes I assume. How is, say, a 3-hour long day trade different today than in 1915? There are a lot more participants, in a more efficient marketplace, but the motivations and human element didn't change. Surely people who say "day trading" aren't all talking about scalping sub-minute positions?

True. "Daytrading" means closing out one's position before the end of the day. There's much more to it than scalping.

Is scalping the same today as it was 100 years ago? Of course not.

Is daytrading the same today it was 100 years ago? Very much so.