Plenty of people make money in the markets. Not day traders thought. Intermediaries love day traders, they live very wealthy lives thanks to them. Market participants also love day traders, they provide much liquidity at any time of the day. ~80% of day traders quit within 2 years. And unlike day gamblers I am going to probably renew my subscription to...
> Idiotic day trader with 96% winrate and 10 to 1 risk to reward, that sells courses for $99 a month, posts his enormous losses on social networks "Madaznfootballr" took an enormous loss yesterday, blames "manipulation" and says "he'll make it all back" with his incredible gambling strategy. No idea if it is a simulator, but he only posts his gambles after the...
Hahaha booooy! Back in my October 1rst idea "A quick look at funded trader prop firms" I wrote about prop firms, and through an extremely rare gift I have called just looking at the evidence rationally without any hype or emotions, I figured out "what's the difference with leverage other than giving away some of your profits?". Little did I know at the time, the...
Should You Be Day Trading? In this article, I’ll show you the pros and cons of day trading so that you know exactly whether or not you should consider it. Because these days, day trading is super popular. And there are several advantages to day trading, but there are also some challenges. The 4 Pros of Day Trading So let’s first go through the pros of being...
I will add a quick description for each timeframe. Let me start by saying there is no one definition for everything, every person comes up with a different definition (zzzz) so I'm sort of trying to paint an average picture for everything here. 1- Day Trading So here I am not counting arbitrage & quants. Rather the typical directional day trading performed by...
Day trading can be a quick way to capture intraday profits. However, not all accounts are suitable for day trading or can afford the pattern day trader requirements. If a trader has already completed three day trades in the past five trading days, it leaves them with two options when they have a profit on a newly opened position. 1. Either close the position,...
Is there a pattern to your trades? Anyone trading options knows how little effort it takes to build up a healthy volume of transactions. But you should be aware of one rule that could inhibit your ability to trade options too often in a margin account. In the past, day trading represented the wild west of the market. It was possible for day traders to move in...
Hello Traders, I expect the price to push to the support price level or with more correct words I expect the price to push to the red Ema. Nevertheless, the EMAs generally created by the price so its not likely the price to reach the red ema so quickly, but you get my tutorial that I want to do through this picture. The charts illustrates what you can see,...
You are seeing 2 transactions on the chart. These transactions are in the correction movement. The first is Daytrading. It may be in the opposite direction of the trend or it may be in the direction of the trend. In both cases, the risk-reward ratio is around 1: 1, and it is a process that is closed quickly unless there is momentum. The second is the...
Hey everyone! I told you all I would create a little bit of a recap as to why I decided to take my AAPL calls for the breakout. Here is a little analysis as to what I was watching for this scalp trade breakout. Easy $45 per contract in less than 10 minutes!
Without getting too technical on lot sizes for forex and contract sizes for futures contracts. The fact remains that the Forex EURUSD pair and be traded with the futures 6E contract. I personally trade futures rather than forex as I can trade either the Futures Emini contract 6E. Or, if the risk is too large between entry and stop using our Roller Coaster...
Where to put Money During a Recession? #1 Recession-proof Stocks: Discount Store Industry. Here is a list of retail stocks to keep an eye on during the 2020 recession: Dollar General (NYSE: DG ) – during the 2008 crash DG rose more than 60% and since the middle of March 2020, it’s up the stock is up more than 38%. Walmart (NYSE: WMT ) – since the COVID – 19...
Check out my video on how to identify support & resistance and other key levels to prepare for day trading session. I am using S&P 500 futures CME_MINI:ES1! as examples to prepare for trading session on 16 & 17 Apr 2020 (Thurs, Fri). Key levels I pay attention to: Previous day high Previous day low non-Regular Trading Hours (RTH) high non-RTH low Swing...
Traders, Several fellow day traders have been asking to show how they can day trade using fibonacci based analysis which I use for swing trading. The fibonacci based analysis is applicable to all chart time frames and on all instruments in all markets. It even works on tick charts. In this educational video I present how we could have made 130 pips easily with day...
This video explains exactly how we start our trading day and the process we use to condition our mind for trading success every single day.
Limit up acts as a guaranteed stop, this early in the trading day it is likely that it will pull back - especially as it follows DAX. I traded a small amount (£100 per point) when it pulled back and bounced, perfect time to sell into the bounce, hold, and achieved 1000 points in around 90 minutes just before it turned negative. The DOW was limit up throughout...
Key things to take away from this: TD9 is still giving a bear market state. Day traders can sell any selling opportunities if they think the bear is on. Any selling opportunity will most likely to work out. Trump's announcement called some people down. I am expecting the market to go up to set a good shorting opportunity. Take it easy team. See you on...