n/a

[Hotcakes]

Right! As long as price stays above prior day's high into the close I keep adding..

Or if they gap up a lot premkt I sell starting 7:15am to book profits. Btw in this volatile mkt I usually hold swings 3 days at most

What time frame are you trading off of?

The old timers here like Anek, Acrary et al, taught to add another position when the stop loss on the first is moved to breakeven so the RISK always remains at 1R, no matter how many positions are layered on.... Dude, you're right there. I think you're close to making big dollars. Just have to figure out how to add more size...

 

[vanzandt]

I don't think so. Markets are not like a job paying hourly in that they are not same every year, sometimes they're unpredictable and sometimes just a grind where only some fast scalpers make money. If there is volatility, you make more to compensate for the slow years.

These are the markets where pros actually make money and the markets are always "Russian roulette" as you put it.

I started trading more seriously in 2007, 2008 was a great year but without much capital the dollar results were insignificant. 2013 was terrible and 2012 was slow as well. Volatility is your friend.

Hey, if you're good you're good. And more power to ya. I honestly mean that.

One has to stick with what they know, and you obviously know how to trade the indices utilizing methods you have developed over the years.

But ya know regarding volatility, its there everyday even in markets with a vix near normal. Everyday a stock is in the news for this that or the other thing. Their patterns, for me at least, are easily identifiable as they repeat. I've tried this on the ES, and haven't had a lot of luck. So I stick with what I know. I like individual stocks. But man if your signals treat you well in this noise... like I said, my hat is off to you. I'd love to just watch someday. I'll gladly buy the San-MaGoo's next time I grace the PI.

 

[KCalhoun]

Yes, my point is that unlike many other educators who can't produce Any proof they trade, I have traded many millions worth of actual trades.

That experience has been valued by my many customers, since it's authentic.

I'm so happy to get such a warm professional welcome as a sponsor here at et. I'm thankful there's no hostility towards me by thoughtless selfish trolls or immature childish people.

I'm well respected and trusted by thousands for good reason, and I'm grateful to my followers.

 

[KCalhoun]

What time frame are you trading off of?

The old timers here like Anek, Acrary et al, taught to add another position when the stop loss on the first is moved to breakeven so the RISK always remains at 1R, no matter how many positions are layered on.... Dude, you're right there. I think you're close to making big dollars. Just have to figure out how to add more size...

Good idea re different scaling approaches. I daytrade using 2day 1minute charts and swingtrade using 90day daily charts.

I trade intraday scalps, intraday swings and short term 2 to 5 day swings, all with position sizing

 

[Sekiyo]

I've made some of my best winning daytrades by scaling in

Don’t you have made you’re worst winning* day trades by scaling in, too ?

Edit: Losing*

 

[KCalhoun]

D’ont you have made you’re worst winning day trades by scaling, too ?

No actually the opposite, because I'm firing off many separate OTO small trades each with trailing stops..

My worst losing trades are scaling into costly swing trades that gap against me.

Like what could happen Monday if the inverses I'm in gap down if mkt rallies.

Therein is my trading size challenge, I'm in a bit deep and may lose 1-2k if inverses open against me, but in this whipsaw market it's hard to scale into multiday swings because of reversals

 

[d08]

Hey, if you're good you're good. And more power to ya. I honestly mean that.

One has to stick with what they know, and you obviously know how to trade the indices utilizing methods you have developed over the years.

But ya know regarding volatility, its there everyday even in markets with a vix near normal. Everyday a stock is in the news for this that or the other thing. Their patterns, for me at least, are easily identifiable as they repeat. I've tried this on the ES, and haven't had a lot of luck. So I stick with what I know. I like individual stocks. But man if your signals treat you well in this noise... like I said, my hat is off to you. I'd love to just watch someday. I'll gladly buy the San-MaGoo's next time I grace the PI.

Both indexes and individuals for me. Indexes are a minor part of my strategy and much harder in my opinion. But slippage is much less of a concern with indexes now, with stocks it's hopeless - I've had 2% slip within 3 SECONDS.

Instinctively right now I want to disregard signals (fear and greed are off the scale on some trades) but I've refused to give into emotions thus far.

I prefer the more normal-high volatility to this but I'll take this over boring one tick markets.

 

[KCalhoun]

Both indexes and individuals for me. Indexes are a minor part of my strategy and much harder in my opinion. But slippage is much less of a concern with indexes now, with stocks it's hopeless - I've had 2% slip within 3 SECONDS.

Instinctively right now I want to disregard signals (fear and greed are off the scale on some trades) but I've refused to give into emotions thus far.

I prefer the more normal-high volatility to this but I'll take this over boring one tick markets.

re slippage yeah spreads are wider with the high volatility... best fix I've found is check that volume is at least 15k/minute, stocks and ETFs $15-$40/share and check the tape for tradable price action

 

[vanzandt]

re slippage yeah spreads are wider with the high volatility... best fix I've found is check that volume is at least 15k/minute, stocks and ETFs $15-$40/share and check the tape for tradable price action

Exactly, volume is key. The story stock of the day.
But hey, I'm small potatoes.

 

[d08]

re slippage yeah spreads are wider with the high volatility... best fix I've found is check that volume is at least 15k/minute, stocks and ETFs $15-$40/share and check the tape for tradable price action

I look at turnover which is price * volume. The absolute numbers are useless for my purposes. Anything from $2 to BRK.A is theoretically fine for me.