Is price movement really random and unpredictable?

[Jzwu2017]

If you’re not doing HFT why try to pick up pennies? I used to pick up pennies in front of a train and 99% of time I eventually got run over with a handful of pennies. All the pennies are lost and more with one run over. I know the “free” pennies are very tempting. Being there done that.

You have to think big in trading. Otherwise, there’s no point at all. If you cannot cultivate an edge for big wins you’ll never make it in trading as a retail discretionary trader.

 

[schizo]

NinjaTrader’s strategy builder is fantastic if you can’t code. There are workarounds for a lot of things people say it can’t do.

Even if you can't code, there are many good AI code bots available to get you moving in the right direction.

 

[ironchef]

Hello ironchef,

What do you mean by 1 tick?

Scalping.

 

[ironchef]

Is there an answer in there?

I read those as they came across, but (I think?) you were the one to mention it first.

I an a newbie scalper (now), simply parroted what everyone said.

I exit +1 tick. 1 tick = $1250 in ES, not bad at all.

 

[ironchef]

If you’re not doing HFT why try to pick up pennies? I used to pick up pennies in front of a train and 99% of time I eventually got run over with a handful of pennies. All the pennies are lost and more with one run over. I know the “free” pennies are very tempting. Being there done that.

You have to think big in trading. Otherwise, there’s no point at all. If you cannot cultivate an edge for big wins you’ll never make it in trading as a retail discretionary trader.

You must be talking about writing options to collect "free" money, like insurrance company selling insurance?

I believe day trading is a different animal, especially scalping, but I am new and really not qualify to speak for day trading.

 

[ironchef]

I think some of these people are talking about using tick charts and some of them are talking about a tick or two as a target.

Yes and yes for me.

 

[SunTrader]

I an a newbie scalper (now), simply parroted what everyone said.

I exit +1 tick. 1 tick = $1250 in ES, not bad at all.

Missing decimal, but IMO 1 tick trading is a waste of time mirage.

 

[Jzwu2017]

You must be talking about writing options to collect "free" money, like insurrance company selling insurance?

I believe day trading is a different animal, especially scalping, but I am new and really not qualify to speak for day trading.

I am talking about any penny pickup trading in the financial markets, being it options , equities, etc.

 

[ironchef]

Hello ironchef,

@rb7 and @NoahA keep on looking for proof, and both like to say " who is profitable, who is making money, who is profitable trader, this guy not a profitable trader, this guy is a scammer, this guy is a liar, this guy add no value. I am not going to take advice from this guy because he not profitable and he can not prove it. All the old men are not profitable so I am not listening to noone."
But guess what, neither of them can show me 1 ET post of someone making money with concrete facts. blah blah blah blah And they never will.

So I have to ask the golden question.

1. Who gives a RATs ass if an ET Member is making money or not? Who cares?? What does it matter to you if I am making money or not trading? I am not going take money from my account and send to yours.

So all this crap about what ET Member is making money is useless and a waste of time.

And their is your edge buddy. As I have said, go click go click go click go click and make money everyday!! And take your best guess or whatever you want to do. It is just that simple. Everyday you make no money is a day loss and time wasted.

Why you tell me?

I didn't ask you for your broker's statement.

 

[ironchef]

Missing decimal, but IMO 1 tick trading is a waste of time mirage.

Now you are telling me.