well good luck...i have been trading sqqq since i started my arbitrage trading on 6/13/22 and today will make it my 60 green days and 14 red days.
What happened on this chart?
- Thread starter KGTrader4
- Start date
well good luck...i have been trading sqqq since i started my arbitrage trading on 6/13/22 and today will make it my 60 green days and 14 red days.
i got 25 winners and 3 losers trading the stonk market today....i'm batting 89% today. how many trades did you do today? do u want me to throw you a bone on my sports bets for tonight? just say the words...i will hook you up.
Market searching for liquidity. Most likely retrace back to the open of the candle prior to that large initial candle at the beginning of the the move. If the retrace is deeper than it will most likely sweep the stops below the lows - sub 52.
That’s exactly what happened it retraced
Starting with high timeframes to build your bias creates high probability winning trades. After forming this bias, then drill down to observe where this bias is supported with tighter entries.
As an amateur trader with a retail perspective, I used to buy those large green candles to participate in momentum. It's a viable strategy for a bull market but my thinking has transformed after getting into volume profile and footprint charts. These tools aren't grails in and of themselves, but they do create a different visualization of market generated data.
Many times those "large" moves do not have much participation and only backfill on the volume to correct for market "inefficiencies."
My trading transformed when I started to consider who was taking the other side of my losing trades; who, when, where and for what reason.
People use a longer time frame, e.g. 5min to find their setups, and the shorter to find the orders entry and exit. They also use a longer time frame to confirm the 5 minute to make sure there is not a major resistance or support that would override the 5 minute setup.
1 minute is sort of the worse of both worlds for setup AND execution. Too short to get a clean signal and too long for a good entry-exit. I.e. a lot can happen in a minute.
And before you try to use 4 minutes instead of 5 to get an advantage on a single time frame chart, remember, setups and trade management are two separate endeavors. They overlap but the action-able information is different because no one really cares or knows your entry and exit.
Hope this helps.
1 minute is sort of the worse of both worlds for setup AND execution. Too short to get a clean signal and too long for a good entry-exit. I.e. a lot can happen in a minute.
And before you try to use 4 minutes instead of 5 to get an advantage on a single time frame chart, remember, setups and trade management are two separate endeavors. They overlap but the action-able information is different because no one really cares or knows your entry and exit.
Hope this helps.
you traded sqqq today 10/6/22? what a wild ride today! did the feds start yapping today again? i was too busy trading...didn't want to figure out the why until later today. got caught and was mega red this morning....battle my way back to green as of right now...we will see what the end of today brings.
%%
LOL Same with investments
Strange week. I saw a stupid guy that can't do math do half a buy, bad trade;
a lotto ticket.