If not mistaken, Dan Zanger used chart pattern. I have not read Larry's methodology.Hypothetically speaking if you have an intraday edge in large caps stock and futures, that trades market orders only. How can it disappear. Is it frontrunning?
Thinning out stocks or contracts at prices you buy and sell at?
Price starts to change its behaviour?
Who and what is killing your edge?
How did Dan Zangers and Larry Williams and all the other "recent" traders lose their edge?
How can you prevent this from happening?
Thanks in advance
If not mistaken, Dan Zanger used chart pattern. I have not read Larry's methodology.
Anyway, in regards to charting, high probability the edge is not robust. It works best on a market condition.
Dan Zanger bought the most liquid, tech and internet, stocks near breakout during the late 1990s tech bubble.
You’re right, what made him was the tech bubble.
But still … He’s remembered as the most successful trader of that era as he turned 10k into 10M in 2 years.
Had the right strategy for the right condition.
Everyone knows it’s silly to buy breakouts within a bear market.
Breakouts to the downside? ("Breakdowns?")Everyone knows it’s silly to buy breakouts within a bear market.
Haven't read that one. Does it add anything to Schwager's wizard series?Have you read Momentum Masters??
Definitely worth reading
Haven't read that one. Does it add anything to Schwager's wizard series?
That’s true but most equity breakout traders I am aware of don’t short the market.Breakouts to the downside? ("Breakdowns?")
Fair enough. I wasn't specifically referring to equities.That’s true but most equity breakout traders I am aware of don’t short the market.