$2.50s paid $.15, selling them. Later!
Multi-hour day trading: you're buying the open, selling the close
- Thread starter KCalhoun
- Start date
"Is it worth it? Can you work it?" by Missy Elliot.
One possibility would be to do a 'quick' overview of the setup.
Take a Look at a Dozen or Two instances where this strategy occurs.
Define the Strategy. Otherwise how will you know that you are applying it properly.
With your Defined Strategy in hand go find ten or twenty of 'em. Past occurances will work just fine for this exercise.
How many of the Signal Entry Occurances and Exits proved profitable?
How many were stopped out?
Is it worth it based on that info to go find some Fresh Setups that match your Defined Signal Entries in Real Time? If so...
Mark the chart the moment that you see a Signal Entry Trigger. Take a screenshot if you have the time. Record in pencil, or notepad, or spreadsheet the date, time, Product, Timeframe, and any other data that you deem important.
Do that for another dozen or so charts.
When you are finished, then please present that info to us and tell us whether it works.
Or you could just take it on faith.
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Jillchambers, as an alternative to the grind of benchmarking a way to work with
strategies of the Opening Market Kind, why not go here and watch a guy
who's been doing it live for all the world to see for quite some time.
I'm thinking there's a smidge more to it than place your bet, grab a draft
at the bar and then cruise over to the pay window.
Watching this live action could help the process of learning
how something like that works.
DAY & SWING TRADING CHATROOM
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Are you daytrading stocks with Sierra? Would you recommend it?
Do you trade the same stock basket or would you need quick access to first time loaded stock symbols? If YES then post a question to the Sierra Support. Tell them what you want to do and ask if their platform is top notch for that and what Data Provider can make that happen. https://www.sierrachart.com/index.php?page=doc/support.html&CAID=default
Sierra is broad and deeeep. A tiny corner of it's capability does what I want. I like it. That said, I don't trade stocks, but futures. IB 'data' works fine for futures. If quick access to first time loaded stock symbols was my bread and butter, I'd find a different data provider and chart that through Sierra. If that sucked then I'd start shopping.
Sierra Chart Data Feed - Search youtube
https://www.youtube.com/results?search_query=Sierra+Chart+Data+Feed
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Here's a guy who daytrades stocks using NinjaTrader. May want to get some feedback from him for sure. - https://elitetrader.com/et/threads/anatomy-of-a-fun-2-day-trade-amc-60k.359907/
He’s a old pro!
Hey jillchambers, if you want to try something like that strategy why not learn from someone who's Doing It. Here's some results from TooDay. Coulda booked "Some Good Profits and as for the NOW part, well how about Today. That's pretty Now, no?
Somebody makes money in the market every day. Did you get yours today? Go see Ken. ymmv, but it will be a hell of a lot faster and error free than trying to learn this on your own imho. Why not go for it? Could'a pulled down some frogs today by just being ready to do what Ken said to do on that UVXY trade. What do you have to lose?
Thanks.... unlike stocks, I trade UVXY by buying low, selling high into VIX spike. Big run today. I sold most of it and other inverses into today's breakouts.
Will scale in tomorrow if they go up.
UVXY SDOW SQQQ SPXS TZA
Yes was running chatroom, subscribers were thrilled, I called it live before the big run
Do you ultimately exit stong NYSE runners with a MOC order?