Your Trading style: Careful TA, or spray n pray/law of large numbers?

my day & night trading roundtrips are around 50 to 100 daily.

I have it reduced.
there are too many false signals / twists and turns / fake signals / undecisive movements ...
 
KCalhoun said:
Curious, for day vs swing trading, what's your favorite style?

I use careful TA for swings, eg 2d highs, increasing range in uptrend etc...

For daytrading I do as many as 110+ roundtrips daily, it's all taking shots at whatever's in motion.
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Swings and Continuations as a day trader.

wrbtrader
 
Difference in LT rates (15% below $500K)
and short term rates (regular income)
are a strong incentive to go LT.

To find LT trade candidates, I'm a big fan of MACD crossovers.
To see LT changes in MACD requires a lot of historical data.
So I suspect many "traders" here opt not to pay for the extra data.
 
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countryBoy641 said:
Difference in LT rates (15% below $500K)
and short term rates (regular income)
are a strong incentive to go LT.

To find LT trade candidates, I'm a big fan of MACD crossovers.
To see LT changes in MACD requires a lot of historical data.
So I suspect many "traders" here opt not to pay for the extra data.
More...

i see alot of noobs trader like to use macd, rsi, fibonnaci, ichumuku etc. me...i kiss. i used good old support and resistance.
 
syswizard said:
What is your logic for determining S & R ? Visual ? Algo ?
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my eyeballs. looks like today will be my 58 green days trading the spy and i'm gonna be done trading at 1 pm est cause i got my IT job to attend to ( also did 1 order of food delivery this morning). these day....i'm not trying to hit home runs anymore. i'm only hitting singles and double and sometimes if i'm lucky triples.
 
KCalhoun said:
Curious, for day vs swing trading, what's your favorite style?

I use careful TA for swings, eg 2d highs, increasing range in uptrend etc...

For daytrading I do as many as 110+ roundtrips daily, it's all taking shots at whatever's in motion.
More...
%%
I like the large numbers on the research\
+the few straight trend lines i use , don't help that much. Even though i just used one in that first sentence.
Most of my [careful auto-drawn-LOL+true], auto drawn trend lines follow market.
They lag too much to completely depend on them but I find them more useful than the [few] straight lines i draw.
Straight lines i draw/ help more on older account statements, which include many time frames.
 
syswizard said:
Hmmm.....a bit strange IMHO....you are in IT but not creating a S&R algo ?
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IT is big field....don't assume all IT do is programming. even thought i study computer science in college, i didn't go into programming because it isn't for me. let me look at my trading journal for today...20 winners and 3 losers so far....58 green days and 14 red days now since i implemented this strategy.
 
vincentnyc said:
i see alot of noobs trader like to use macd, rsi, fibonnaci, ichumuku etc. me...i kiss. i used good old support and resistance.
More...

I don't think I fall into the category of "noob" traders.
I first got registered Series 7 in April 1982.
That was 4 months before this bull market started.
 
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