"The Secret to Day Trading"
Make uncertainty a certainty. Sounds so simple and yet takes years to fill in most of the blanks, and never really get to 100%, always studying.
First hour is best hour to do size, almost anything get swallowed up, then rest of the day much less so in most markets cept when reports comes due. Most "secrets" are found by error, in other words you stumbled upon something that retail never knew existed... anything really decent is not written much or not all at all.
The most "fun" trades are getting in so to let retail stopped out and to exit when retail are first getting in. First year traders are emotional. I prefer to go long on downcloses and short on upcloses, just makes more sense than breakouts and less risk. Everything is 50/50, where this changes is one's skills at reading "what now", risk management probabilities.
If you can program or know someone who can program helps immensely, you have to have the ability to continually challenge yourself, you have to get beyond the profits as they are secondary, you have to love what you do. When majority say it can't be done, find a way. Can you imagine if medicine stopped in 1700s when blood letting was a common practice the get rid of disease?
https://www.nytimes.com/1999/12/14/...sident-a-200-year-old-malpractice-debate.html
Make uncertainty a certainty. Sounds so simple and yet takes years to fill in most of the blanks, and never really get to 100%, always studying.
First hour is best hour to do size, almost anything get swallowed up, then rest of the day much less so in most markets cept when reports comes due. Most "secrets" are found by error, in other words you stumbled upon something that retail never knew existed... anything really decent is not written much or not all at all.
The most "fun" trades are getting in so to let retail stopped out and to exit when retail are first getting in. First year traders are emotional. I prefer to go long on downcloses and short on upcloses, just makes more sense than breakouts and less risk. Everything is 50/50, where this changes is one's skills at reading "what now", risk management probabilities.
If you can program or know someone who can program helps immensely, you have to have the ability to continually challenge yourself, you have to get beyond the profits as they are secondary, you have to love what you do. When majority say it can't be done, find a way. Can you imagine if medicine stopped in 1700s when blood letting was a common practice the get rid of disease?
https://www.nytimes.com/1999/12/14/...sident-a-200-year-old-malpractice-debate.html
