No one knows. :p You should have shorted NQ.
NQ future gapped down 200 pts.
What I am saying is that most novice traders blindly seek a high win rate, which make them feel good psychologically. However, by narrowly...
In this volatile and unpredictable market I’d only day trade.
Feels like futures are going up.
I am all for letting the emotions out from time to time. Otherwise, it will gush out like an avalanche at the most inconvenient moment. :sneaky:
The problem is not Fed doesn’t come to the rescue, but it has much less effective tools now at its disposal with inflation running high.
The major trading mistakes I personally have experienced: 1. Overtrading 2. Double down on bad trades trying to make it back 3. Not taking losses...
Psychologically, most traders can’t endure 70-80% rate of losing trades. It’s simply human nature. Algo trading may be different since no human...
Most days it’s a mean reversion pattern, meaning no significant trends. You can trade using the scalping method to take quick profits or losses....
Just buy UVXY :D
In a volatile market like nowadays it’s hard to predict any longer timeframe movements than intraday, so scalping is actually safer.
In the book “Trading in the zone”, the author writes the new trader often has the correct mindset, i.e., seeing and doing the obvious. However,...
What chart? You can see the QQQ intraday chart yourself. I guess the key is you get the trend right. Another key is if you get it wrong get out...
Very simple. If you determine an uptrend try to find a good time to buy low and then sell high, vice versa for a downtrend. Grab a decent profit...
I used trend-based scalping. Today is actually a good day for scalping. Ken, I think you were trading the wrong stuff, e.g., UVXY.
I am both. Big money in spy and another day trading account. Guess I am just not good enough to take advantage of the volatility. ;)
Market is too volatile these days. I only do day trading to eliminate overnight risk.
The point is don’t justify or judge the market. It’s always right. That’s the first lesson I learned from Jack Schwager’s “Market Wizards” books....
Of course don’t blindly press the button. Got to look at the trend first and secondly pick a good timing, which is critical too. Still it’s...
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