n/a

[DevBru]

Do you also use any of the other market internals like breadth ratio, advance/decline or tick or you find them insignificant ?

 

[Spooz Top 2]

My apologies if I wasn't clear on exactly what I was trying to communicate, my first post was just a starting list of notes .

Main thing I learned is traders get hung up on magic chart patterns and bs indicators, get stopped out and frustrated.
When instead they should focus more on when to hit the ask to take profits or minimize stops...after carefully waiting to pull the trigger on high vol strong entries...make sense?

Not trying to break your balls here .. buts it’s the proper entry that prevents one from getting stopped prematurely... charts and indicators are the parameters that provide a visual to proper entry, RR scenarios etc... All Good, Ken...
Good trading,
Steve

 

[vincentnyc]

My apologies if I wasn't clear on exactly what I was trying to communicate, my first post was just a starting list of notes .

Main thing I learned is traders get hung up on magic chart patterns and bs indicators, get stopped out and frustrated.
When instead they should focus more on when to take profits or minimize stops...after carefully waiting to pull the trigger on high vol strong entries...make sense?

in the past for my swing trade which i hold for multiple days, weeks and month. i was taught by my mentor to buy it end of the day and only if the stock were still going up by end of the day. what is your entry for swing trade during the day? do you buy it in the morning or end of the day?

 

[KCalhoun]

Do you also use any of the other market internals like breadth ratio, advance/decline or tick or you find them insignificant ?

They're so critical, I used to use tick but now just TRIN & VIX. A useful momentum indicator? I custom created that's very useful is simply a big SPY 4 1-minute closeup candle chart. Great for following directional volatility, it's in lower right here:

Mad a big difference, roll ur own version in ur chart software, just show most-recent 4 minutes SPY. I've got TRIN tape right above it

Another tip: I trade pre & post mkt, using 1min chart showing extended hours:

 

[ironchef]

IC, We are speaking about a traders shorter term time frame... a traders TF.. Intraday or swing!
Longer term TFs would be of a longer TF/ investors approach, imo...

Where should I draw the line? I was testing option expiry of between 1-5 days.

By long term I meant long term results from short term trades: If I keep trading the same way (1-5 days) for 25 year, making the same consistent assumptions on IV.

 

[Spooz Top 2]

Where should I draw the line? I was testing option expiry of between 1-5 days.

By long term I meant long term results from short term trades: If I keep trading the same way (1-5 days) for 25 year, making the same consistent assumptions on IV.

I see 1-5 days as short term swing... anything outside of 20 trading days/ 1 month would be
an investor TF to me...

 

[ironchef]

I see 1-5 days as short term swing... anything outside of 20 trading days/ 1 month would be
an investor TF to me...

Thanks.

 

[KCalhoun]

in the past for my swing trade which i hold for multiple days, weeks and month. i was taught by my mentor to buy it end of the day and only if the stock were still going up by end of the day. what is your entry for swing trade during the day? do you buy it in the morning or end of the day?

That's mostly correct, best time to add to an existing swing is 3:30 - 4pm, if closing at 2day high.

I often buy a bit premkt or during the open if above prior days high then scale up into the close if at 2day high.

Worst entries for any style is choppy in the middle of prior days range, like SPY was on Friday

 

[trickshot]

Hmmm.
Tbh imo, coming out green on a day like today, is the mark of a pro.
Yeah, $800 x 250 trading days is like $200K/year.... I guess that's not a lot for some here... and thats not a shot at you Clubber.... but what I have found, and I have a few years in this game too as a rote amateur, but I have seen a lot... its times like these that wipe people out. So yes, $700-$800 is peanuts for a big player I guess, but I suspect these types make their real money when things have calmed down. That's antithetical af I know. But to generate giant returns right now.... is a f'ing fool's game imo. No one knows what these markets are gonna do right now from hour to hour. To put big money on the line.... is just being a fucking idiot. Its Russian roulette. Anyone who says otherwise is a fool. This is coming from someone who thought they had it beat and were wiped out overnight in 2008. Different crisis, same game. That said, buy and hold on certain stocks.... the right stocks, will pay off handsomely.

Slow and steady wins the race. You go Calhooun.

Not sure what you meant by that but nobody is supposed to know whats going to happen in the next hour, we'd all be billionaires if there was some way to know for sure.

This has been the most profitable month for me like ever, I had some pretty epic months in 2008/2009 but none have even come close to this, I mean the market is making intraday moves that usually take months or even years to complete, I trade like 1/3 my usual size now but I'm getting up to 10 times the profit I usually get per trade.

No disrespect to the OP but I agree with Clubber that you should be printing money in these markets, most competent traders thrive in such markets.

 

[KCalhoun]

Not sure what you meant by that but nobody is supposed to know whats going to happen in the next hour, we'd all be billionaires if there was some way to know for sure.

This has been the most profitable month for me like ever, I had some pretty epic months in 2008/2009 but none have even come close to this, I mean the market is making intraday moves that usually take months or even years to complete, I trade like 1/3 my usual size now but I'm getting up to 10 times the profit I usually get per trade.

No disrespect to the OP but I agree with Clubber that you should be printing money in these markets, most competent traders thrive in such markets.

Agree, for me 9k this past month is good, which is still chickenshit... I should be trading size in this volatility.

Example: I posted here January 24th TVIX one year high volume but only made a few k trading it from 60 to 940.