how do you think like a trader?

I think you are starting with a wrong presupposition...Which may effect your trading.

Retail trading is so little of the market...It's the other 77-78% you need to be aware of.

Just grabbed off the net...

"The percentage of total trading volume coming from retail investors was about 23% from January 25 to February 1, JPMorgan's Peng Cheng wrote in a note to clients this week, narrowly edging out the record retail share of 22% in the pandemic-fueled trading frenzy and a massive increase in retail volumes since late last ...Feb 3, 2023"

Another off the net...This is 2019, but maybe double the retail market.

What percentage of trading is dark pool?

'Dark trading' is an anonymous form of financial exchange that is becoming increasingly mainstream. In the United States, the percentage of the value of trading executed 'in the dark' doubled between 2008 and 2012. In terms of volume, dark trading venues executed nearly 40% of transactions in US shares in April 2019.Jul 17, 2023
 
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Sekiyo said:
That’s pretty simple … trade a delayed chart along side the real time one.

You have to find the bias 60/40 up or down ?
Then wait for a good reward to risk entry.
According to past market behavior.

You gotta align with the market,
Not with other traders.

Try to lose small and avoid costly mistakes.
Improve the worst case as time goes by.
Take your profit when you’re done.

Trade less. Size more.

Be aware of incoming news.

Don’t freak out when price ticks against you.

You can double your acc on a monthly basis by averaging 1ES point a day.
Use scale in & out.

Keep it simple.

A trader think in terms of expected value …
Is it worth putting my money at risk ?
Will it statistically improve my PnL ?

Get the data, the strategy and the execution you need to improve your bottom line.

Find ways to spend (risk) less and earn more.
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Good Morning Sekiyo,

Very good write up
 
mute9003 said:
im trying to rewire myself to be able to read charts better so i can understand what other traders are doing and what is moving the price etc
is there a main idea behind trader logic that will allow me to start developing my own by looking at the chart and forming my own conclusions about what is happening?

few examples of what im asking just because few people here never read the question before answering and derail my posts.

after a big spike there will be alot of traders trapped and will be trying to exit at every pull up on the way down until most of them exit at a loss which then removes the selling pressure and new buyers come in which pushes the price back up with little resistance and the new cycle begins of trapping bulls.

when a wedge forms there are buyers waiting to enter the trade at different points.
and depending on the price of stock there will be traders of different level participating in that trade.
penny stock will most likely have chatroom pumpers that will create a false breakout and selloff which will be slower than higher priced stocks
5-15 dollar range will possibly create a false breakout also but for different reason and depending on time of the day
if morning session there will be alot of scalpers like warrior trading and tim sykes club where the drop always seems to be very fast because they all react to that false breakout the same way by hitting that sell button the second it goes south.
and then reenter the trade when selloff stops.
but they also buy at earlier stage with more risk because they are obviously more experienced.



so those two examples i understand because someone explained it to me
but im trying to understadn the underlying concept of this where i would be able to figure out on my own what is moving the chart
who is stuck where and who is about to make a move at what point in the chart etc

maybe a few examples of different situations would be cool to break down
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Good Morning mute9003,

I really wish I could help you, but the truth is, I can not help you, because I am not a year to year consistent day trader myself.

But I understand what you going through.

My answer to you:
1. Keep trying and try to enjoy it. Eventually something will make sense for you.
 
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