The secret of daytrading

[treeman]

Can you show me where you wrote: it is just for shits and giggles?

Really? Because yes, it’s prudent to just randomly place bets. There is a grand total of 0 people on earth who believe that.

 

[schweiz]

Really? Because yes, it’s prudent to just randomly place bets. There is a grand total of 0 people on earth who believe that.

Given the average IQ on ET, nothing is impossible. On ET you read the craziest "trading strategies".
I read on ET already about "traders" who believe in random trading. Read the postings of TTT.

 

[ironchef]

I was more thinking long/short would be randomized too, as well as trading instrument

The other "random" trades are as follows: Enter a bracket order (an order with a stop loss and profit exit) at open, or 10 min after open everyday or x times a day.... You cannot backtest this because most historical data do not have such details but you can forward test this and find the "optimum bracket" for each equity.

I tried a few option trades doing this using SPY call options, results were not encouraging.

 

[digitalnomad]

You cannot backtest this because most historical data do not have such details but you can forward test this and find the "optimum bracket" for each equity.

That’s actually another best kept secret. Most microtrading methods that work can only be forward tested.

 

[treeman]

You can’t backtest random entries with discretionary exits.

 

[ironchef]

The other "random" trades are as follows: Enter a bracket order (an order with a stop loss and profit exit) at open, or 10 min after open everyday or x times a day.... You cannot backtest this because most historical data do not have such details but you can forward test this and find the "optimum bracket" for each equity.

I tried a few option trades doing this using SPY call options, results were not encouraging.

That’s actually another best kept secret. Most microtrading methods that work can only be forward tested.

You can’t backtest random entries with discretionary exits.

It also shows that market markers are a little smarter than monkeys.

 

[digitalnomad]

Here is some serious microtesting:

I don’t run this stuff, as it’s way overpriced for my purposes, but it’s quite fascinating.

 

[propwarrior]

Does anyone know the secret of daytrading?

yes. day trade your time for money. work hard at a job or business and invest $1000 in the S&P500 every month, in 21 years you will have $1m. thank me later.

 

[Turveyd]

That totally changed trading.

what is the that thing. please explain.

Getting a real Cyrstal ball LOL ( NOT REALLY, no such thing obvs )

 

[Turveyd]

I can do it, I can make huge profits in 2 weeks, then I slip back to being BE trader, so it's possible to do ofcourse, just got to keep plugging on and stay in the zone longer and get out of the anti zone quicker.

Month off, busy and changing accounts hassle hassle and too damn hot, might aswell sit the summer doldrums out