Looks like you know what you are doing.
What impressed me is, I don't know how you handle and trade multiple account simultaneously. I can only deal with one account, trading one stock.
Starting a general journal. Live equities(QQQ/SPY) and Funded prop firm(MNQ/NQ/MES)
- Thread starter Concinnity
- Start date
What impressed me is, I don't know how you handle and trade multiple account simultaneously. I can only deal with one account, trading one stock.
Looks like you know what you are doing.
What impressed me is, I don't know how you handle and trade multiple account simultaneously. I can only deal with one account, trading one stock.
We don't need to be impressed. We need to be serious about trading and stop listening to people recommending the same books ad nauseam, or post the same inspirational quote and pretend like that's actually going to help someone succeed, followed by giving yourself a pat on the back and pretending like you did something amazing.
Phase out the BS and focus on actual tangible, logical and reasonable things that work.
Looks like you know what you are doing.
What impressed me is, I don't know how you handle and trade multiple account simultaneously. I can only deal with one account, trading one stock.
It isn't really that impressive, but I appreciate the compliment, its just simply my brain is able to process multiple accounts fairly well. Just like I am sure there's some things you do better than me, but could just be because of our genes, upbringing and etc. Nothing we're doing inherently impressive.
There's also other advantages of doing that, like spreading risk, strategies and etc. The downsides are obvious, which you already alluded too which is information overload. That still effects me some for sure, but the end result is a net benefit.
Looks like you know what you are doing.
What impressed me is, I don't know how you handle and trade multiple account simultaneously. I can only deal with one account, trading one stock.
What is your goal and what are you trying to accomplish, if that is clear than the information overload becomes much less of an issue (although I still want and need automation to maximize what I am doing). I have 4 sometimes 5 platforms open all different accounts, but it is irrelevant and so is the market speed (largely).
Because each time frame I have is clearly divided into sections. Is this time frame eligible for:
A buy: Yes or No
A sell: Yes or No
Is it neutral(could say in the middle essentially): Yes or No
Is it in a position to squeeze(high velocity up move): Yes or No
All this is clearly defined, so that makes it easier - once that's identified any other information I can add in for confluence adds to the probability of the trade. Speed of the move unless it's absolutely lightening fast, doesn't really effect the analysis. Nor does chop as long as you can do your best to not mentally get worn out by chop or let the time factor trick you into giving up or putting in a bad trade.
Oh God I hate these days. Made like 4x what I normally do, but id rather the action be like yesterday. Now have to deal with retail traders who think they can trade because market went vertical and all you had to do was press buy to make money. Not to mention the guys who have more money than they know what to do with just press buy as well and show some big PnL statements and than they cant wait to tell everyone else how to trade.
I'd rather market be like yesterday, because I'll still make money and than actual skill is involved.
I'd rather market be like yesterday, because I'll still make money and than actual skill is involved.
Looks like you know what you are doing.
What impressed me is, I don't know how you handle and trade multiple account simultaneously. I can only deal with one account, trading one stock.
what are you trying to say, that you're best theory, is already in you?