The secret of daytrading

I think Brooks style price action day trading might be starting to work. I am not sure what the change is. Maybe HFT are now canceling each other out (recent Eurodollar HFT versus HFT stories). Maybe HFT front running has been doing something that HFT companies realize will send them to jail if Warren is the next President (imagine Stieglitz as SEC head). Maybe it is growing skepticism toward AI and formal mathematics. For whatever reason I think price action short term trading works.
 
KCalhoun said:
20+ years experience taught me:

#1= small stops,
"out" 2dh S&P days,
orb 9:30-10:15;
re-entries,
gappers + 2dh breakouts
wide-range 1+ point charts for stocks/etfs in the $15-$40/share range;
tu/wed/thur vs m/f
More...

Bout the only think I could figure out is that in 20 years you learned not to trade Mondays and Fridays and you use small stops.
 
lol... that's 2 out of 7 points; I've authored dozens of articles on the topic and presented for 15+ years at MoneyShow expos; this is a tiny fraction of what i've learned:

#1= small stops

#2: "out" 2dh S&P days,

#3: orb 9:30-10:15;

#4: re-entries,

#5: gappers + 2dh breakouts

#6: wide-range 1+ point charts for stocks/etfs in the $15-$40/share range;

#7: tu/wed/thur vs m/f

for more:

https://www.equities.com/user/515#articles

http://technical.traders.com/archive/combo/display5.asp?author=Ken Calhoun
 
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