Two Questions For Practicing Day Traders

[ironchef]

When I first started day trading - I was a trend follower also. That is what I was taught. I did well - most of the time - but quite often - I would give up a lot of profit - and/or go negative - and lose on the trade. I would basically - kick myself - many times saying - "damnit" - why did I do that - when I could have made money on the trade. More and more - I started moving my stop - at the very least - to break even or into profit - even a small profit. I wanted to give price a chance to get to my profit target - but at the same time - NOT lose on the trade. That was actually the beginning of my Scalping. For me - all I want to do is end up with Profit - at the end of the day. I said in my old thread - Scalping kind of came natural to me - as I was taught how to do that - by both my brothers-in-law - both - American Indian - LOL.

For many years now - especially with Grand Kids - I never trade more than 2 hours in the morning - as I prefer spending more time with them. I have a Net Daily Goal in Dollars - that I have to make - within that 2 hour period of time. It doesn't matter to me - if I do or don't reach that goal. Again - for me - I find Scalping - very relaxing. I do some Scalp_Trend combination trades also - say I have 5 contracts - I would take of 4 contracts as a Scalp - move my Stop - to at least Break Even - then possibly get a Runner on the remaining contract.

I do NOT use Indicators - just the Green or Red Arrow. I always wait - literally seconds - most of the time - for Price to go Lower for a Buy - Higher for a Short - just a Tick or Two - hit a Market Order. Most of the time - I get the Price I want - and sometimes - a better price - so - NO Slippage. Just little things like that - can make a big difference.

I think - we - as traders - ME included - tend to make trading - way too complicated. In the past - I used to use several indicators on my chart - thinking I needed all that information - to make good trades. At one point in time - I had maybe 5 or 6 indicators on my chart - and was having more losses. I finally realized - the more indicators I had on my chart - my Winning Percentage went DOWN. I had one of those - "duh" - moments - started getting rid of Indicators - started making money again. WE - meaning TRADERS - can be our own worse Enemy.

Look at this chart below - it has Support and Resistance lines - NOTHING else. I could trade this chart all day - it is an old setup of mine - after I got rid of all the other Indicators. And guess what - I really don't even need my Algos - and neither does any other trader. Now - that is a good sales pitch.

I started out trading Equities - then some Forex - then Futures. I much prefer Futures - so much easier to trade - at least for me.

Well - as usual - I talk too much.

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Thanks. Appreciate your comments.

 

[VSTscalper]

So you would be up for a zoom call starting at the open for a couple of hours watching the
algo trade and answering my questions

The first 2 hours starting from the Market Open - is reserved for working with my Clients. After that - not a problem - although I don't know about doing another 2 hours. Again - it really is Simple - see a Green Arrow - Buy - a Red Arrow - Short. There is a Profit Target for the Scalp. By the way - if you do come into the Zoom Room - please trade in Sim - as I do NOT want to be responsible for any Losses. You don't know my Trading Method - you could LOSE.

My lady said we are not going anywhere during that time period - but if a Client contacts me - then I have to go.

 

[SunTrader]

The story gets better and better all the time.

 

[VSTscalper]

The story gets better and better all the time.

You are welcome to come into a Zoom Room - right now - if you like - we can both Bull Shit - LOL. Seriously though - you are more than welcome. Just sitting here coding right now.

I have Algos - that look at the ES - NQ - RTY - YM - at the same time - before entering a trade - basically - my way of looking at a Market move - not just an individual Instrument. Just playing with it now. Each instrument is on a different type of bar.

 

[ironchef]

The first 2 hours starting from the Market Open - is reserved for working with my Clients. After that - not a problem - although I don't know about doing another 2 hours. Again - it really is Simple - see a Green Arrow - Buy - a Red Arrow - Short. There is a Profit Target for the Scalp. By the way - if you do come into the Zoom Room - please trade in Sim - as I do NOT want to be responsible for any Losses. You don't know my Trading Method - you could LOSE.

My lady said we are not going anywhere during that time period - but if a Client contacts me - then I have to go.

Hope you don't mind me asking:

You have clients, I assume you don't help them, working with them for free? Also, I assume they do real time real money trading during those two hours in the morning using your green/red arrows system?

Your algo is so good, with a lady boss (I have a very demanding one), why bother with clients:

Best regards sir.

 

[VSTscalper]

Hope you don't mind me asking:

You have clients, I assume you don't help them, working with them for free? Also, I assume they do real time real money trading during those two hours in the morning using your green/red arrows system?

Your algo is so good, with a lady boss (I have a very demanding one), why bother with clients:

View attachment 326749

View attachment 326748

Best regards sir.

First - I want to tell you something that happened to me - before I had Clients.

As I mentioned - I actually had a Booth at the Traders Expo - in San Diego years ago - and even way farther back - I had a Booth - at the Traders Expo - in Chicago. As I said - I traded live - as Traders walked by my booth - with Real Money. Anyway - if you remember MF Global - I knew some Brokers that worked there. They wanted me to come to Chicago to talk about what I was doing. They paid my way - put me up in a Hotel - a block or so from the CME. I thought I would be talking with them only - but they surprised me - took me to a conference room - with a large table - and a bunch of people sitting there - and it scared the hell out of me - what the hell did I get myself into - LOL. However - there were Pit Traders there - CTA's - CPO's. I made it thru that - then the brokers took me to see the Pits - which was very exciting. Then - they asked if I would like to go down to the Pits. We went to the Pits - they had arranged for a Trader to meet me. What you do NOT see on TV - was the Rows of Traders - also sitting Above the Pits - I was surprised. Well - this trader took me to his station above the Pits - he had 2 computers. His partner was down in the Pits.

So - that is how I got some big Clients. While I still do trade - I don't get to everyday - as my Paying Clients - have to come First.

I have been thinking about doing the Las Vegas Traders Expo - in February 2024 - just for fun. Looks kind of pricey this time. When I did the San Diego Traders Expo - I had help - and as I said previously - it lasts a few days. The owner of Ninjatrader can verify I did the San Diego Traders Expo. And Eliot - from the old Mirus Futures was there also. At the Hotel I was staying at - I rented a Conference Room - for a multiday Paid Seminar - where Ray (Ninjatrader) - set up Multiple Real Money Trading accounts for me - so the traders at the Seminar - could trade Real Money - MY money - on the last day - a Monday. I wanted the traders to experience what I was talking about. Some were actually very nervous - LOL.

Again - I talked too much - you all sleeping yet - LOL. Basically - I am using you guys - that way I can tell my lady I am busy. Quite often - I will put on my Headset - so if she opens my office door - she thinks I am talking with someone.

Edit: I believe I mentioned this in my old thread. I live between the MAIN for the WORLD - Microsoft campus - and a Google campus. I use to do a lot of Trading Meetups - some mine - some that others put on. And believe it or not - quite often - there would be Programmers from those 2 companies - wanting to Day Trade. That kind of blew me away. They make a huge income - and they want to Day Trade. Anyway - I would pick there Programming Brains. This was before Covid. We talked quite a bit about AI - and that is why I call many of my Algos - my DirtyAI. Most of these guys were young - but they know programming.

 

[ironchef]

First - I want to tell you something that happened to me - before I had Clients.

As I mentioned - I actually had a Booth at the Traders Expo - in San Diego years ago - and even way farther back - I had a Booth - at the Traders Expo - in Chicago. As I said - I traded live - as Traders walked by my booth - with Real Money. Anyway - if you remember MF Global - I knew some Brokers that worked there. They wanted me to come to Chicago to talk about what I was doing. They paid my way - put me up in a Hotel - a block or so from the CME. I thought I would be talking with them only - but they surprised me - took me to a conference room - with a large table - and a bunch of people sitting there - and it scared the hell out of me - what the hell did I get myself into - LOL. However - there were Pit Traders there - CTA's - CPO's. I made it thru that - then the brokers took me to see the Pits - which was very exciting. Then - they asked if I would like to go down to the Pits. We went to the Pits - they had arranged for a Trader to meet me. What you do NOT see on TV - was the Rows of Traders - also sitting Above the Pits - I was surprised. Well - this trader took me to his station above the Pits - he had 2 computers. His partner was down in the Pits.

So - that is how I got some big Clients. While I still do trade - I don't get to everyday - as my Paying Clients - have to come First.

I have been thinking about doing the Las Vegas Traders Expo - in February 2024 - just for fun. Looks kind of pricey this time. When I did the San Diego Traders Expo - I had help - and as I said previously - it lasts a few days. The owner of Ninjatrader can verify I did the San Diego Traders Expo. And Eliot - from the old Mirus Futures was there also. At the Hotel I was staying at - I rented a Conference Room - for a multiday Paid Seminar - where Ray (Ninjatrader) - set up Multiple Real Money Trading accounts for me - so the traders at the Seminar - could trade Real Money - MY money - on the last day - a Monday. I wanted the traders to experience what I was talking about. Some were actually very nervous - LOL.

Again - I talked too much - you all sleeping yet - LOL. Basically - I am using you guys - that way I can tell my lady I am busy. Quite often - I will put on my Headset - so if she opens my office door - she thinks I am talking with someone.

Edit: I believe I mentioned this in my old thread. I live between the MAIN for the WORLD - Microsoft campus - and a Google campus. I use to do a lot of Trading Meetups - some mine - some that others put on. And believe it or not - quite often - there would be Programmers from those 2 companies - wanting to Day Trade. That kind of blew me away. They make a huge income - and they want to Day Trade. Anyway - I would pick there Programming Brains. This was before Covid. We talked quite a bit about AI - and that is why I call many of my Algos - my DirtyAI. Most of these guys were young - but they know programming.

So you do have paying clients.

You didn't answer my second question: During the first two hours in the morning when you are trading, coaching your clients, are they making real trades with real money? I assume if I become one of them, every morning I will be trading, with your supervision, with real account and real $?

Thanks.

 

[VSTscalper]

So you do have paying clients.

You didn't answer my second question: During the first two hours in the morning when you are trading, coaching your clients, are they making real trades with real money? I assume if I become one of them, every morning I will be trading, with your supervision, with real account and real $?

Thanks.

I am NOT looking for more Clients - so NO - you will NOT become one of them. Not saying you do - but if you need help - I would consider helping you - for FREE - as long as it doesn't take up a lot of my time.

Edit: Friends and family - have a pet name for me - they call me A$$hole - but in a loving way - I think. The only thing that bothers me about that - is when they are holding a gun or knife. When that happens - I sometimes have to put on some clean Depends - as it scares the SHiT - out of me. I guess this is what happens when you get my age.

 

[ironchef]

I am NOT looking for more Clients - so NO - you will NOT become one of them. Not saying you do - but if you need help - I would consider helping you - for FREE - as long as it doesn't take up a lot of my time.

OK.

I do need help but I understand if your class is full.

 

[VSTscalper]

OK.

I do need help but I understand if your class is full.

I don't have a class - I have Clients. Again - if you or other traders - need some help - and I have time - contact me.

I think the main problems traders have - just like I did in the past - is we make things way to complicated. I am no different than any other trader - I have gone thru the same thing.

Since you are Online in the Forum right now - I could open a Zoom Room - spend some time with you. I am here right now - because my lady is watching T.V. - and I don't really care for the show she is watching.

I promise - I won't try to sell you anything.