NO BS Day Trading (order flow course) - Worthwhile or worthless?

[padutrader]

Just ask his broker statements for the last 10 years, analyze it and then decide if you want to spend money following him or not.

i did ask someone for his income statements and it showed billions so i asked him how he did it. he told me and i copied him but i did not make a cent.

this was not in trading but in Golf and the man's name was Tiger Woods.

i wonder if it would be different in trading

 

[SkyChef]

Your logic is really bad. You confluent whether a man is a fraud and your effort to duplicate someone's method into one messy subject. If you cannot gasp they are 2 different distinct issues, well, I just leave it here.

 

[padutrader]

But nowadays they find trading difficult because they have competition.

the fact is trading short term has always been near impossible because the big boys can do anything with the market intra day and that will be just described as just random movements which by the way just wiped out a few silly over leveraged weak traders.

 

[maxinger]

the fact is trading short term has always been near impossible because the big boys can do anything with the market intra day and that will be just described as just random movements which by the way just wiped out a few silly over leveraged weak traders.

heavy scalpers might find trading challenging.

that's why I do day trading or light scalping.

 

[padutrader]

Your logic is really bad. You confluent whether a man is a fraud and your effort to duplicate someone's method into one messy subject. If you cannot gasp they are 2 different distinct issues, well, I just leave it here.

i do not know if you are referring to what i posted but that is true....i am not a great thinker...it has taken me 30 years to understand what is a trend and what is corrective move so it is not surprising that i am not a billionaire like you

 

[padutrader]

heavy scalpers might find trading challenging

that is why it took me ten years because i am in the super,super heavy weight scalper category....until i started understanding the traps and tricks of the big boys.
they have to trap the small traders and so they have to convince me to do what they want me to do.
their income is Dependant on me doing what they want me do:to me that is a huge advantage and that is my edge

once i understand what they want me to do-and i do not trade until i do- i just do the opposite.
very often i am in almost all with margin being at 140%.

i take huge 'risk' and my edge is my market knowledge...if i lose i may lose my winnings but i do not let my initial capital reduce.....

i am still learning so that is ok with me

 

[Howard]

Order flow is definitely more than just the DOM, bid/ask volume footprint & whatever indicators coming from those good looking blocks. I've seen those nice selling uTube videos & none of them really touch the true stuffs behind the scene. Maybe they don't know or maybe I don't know whether they know. Even the VPIN studies were discussed in the wrong direction so who know what's the intentions are.
Someone around here said one time that the resting orders are important to order flow. I may add passive orders & aggressive orders also affect the book. DOM can only give you a snap shot but not a whole picture of buy/sell pressure from that you can get those precise entries. Precise but not fool proof.
Should you buy those order flow marketing software?
Ask yourself if you know the stuffs so good that you can make at least 5K-10K a day, would you sell your stuffs to the public and having all the problems w/ nasty customers? I wouldn't. I'd rather done trading within 2 hours and take my family to Disneyland or whatever fun for the children every day.

PS: You can't tell the intention of the big blocks whether they are pressed to sell or they are pressed to fill below unless you have a whole map of market depths to see how they release or press even more.

Hi,

Good comments.

Maybe I'm slow, but it's not quite clear to me whether you actually endorse 'order flow analysis' or you're actually saying it's not a worthwhile pursuit.

Thanks.

 

[Howard]

I'm leaning towards probably buying the course and I'm having moderate expectations, but I figure there's a good chance I'll pick up some new things I don't already know.

 

[maxinger]

I'm leaning towards probably buying the course and I'm having moderate expectations, but I figure there's a good chance I'll pick up some new things I don't already know.

Yes. do try and you will learn whether it suits you or not.
I tried lots of things , lost tons of money
and finally I narrow down to day trading futures.

All the best mister.

 

[Howard]

Yes. do try and you will learn whether it suits you or not.
I tried lots of things , lost tons of money
and finally I narrow down to day trading futures.

All the best mister.

Thank you, maxinger. Same to you!