Please read this .... url If a human doses themself with self interest and too much greed, they lose sight of certain basics. Statistics and probabilities help but do not tell the whole story. If day trading cannot be seen from ALL aspects and ...

The brutal truth of day trading

Do you want to discuss or do you want to "discuss" ? One is for answers only while the other is to progress without expectation of getting answers. Peter

The brutal truth of day trading

Let me add some perspective here OK ... 66% over 12 months ... 5.5% monthly. Now forget about money and everything else. Do YOU think you could find say, 2-3 trades that DO in fact repeat over and over again, year in and year out, set things up so ...

The brutal truth of day trading

No problem. Happy to help. Enjoy your learning. Peter

The brutal truth of day trading

I would say you need to spend less time worrying about them and focus on what you're doing with your own trading. Peter

The brutal truth of day trading

I would start here ......... url This is why the thread was setup. For people to learn. Enjoy your learning and everything else is easier. Peter

The brutal truth of day trading

So you want to just be a speculator. All the horse play I see and read around the place by people when talking about "the big boys" etc etc. I'll keep saying it ....... stories are the rumor and the end result of the market's activity is the fact. ...

The brutal truth of day trading

Since you seem to still be learning I will say this - whatever you deem true right now is true. Until, it is proven otherwise. A 5 pip move for a usual retail trader will yield 5 - spread (and possibly also minus commission). So 5 minus (up to ...

The brutal truth of day trading

It's called Point to Point Data trading. It's not new or better, just accessible. Everybody always gets ahead of themselves. Learn the basics. MASTER the basics. Add these basics to a personal learning schematic. Peter

The brutal truth of day trading

Just grab a pen, pencil and paper and sit, be quiet and learn. DO NOT think about money or "making money" .... just listen take notes and absorb it. BASICS .... video video video Peter

The brutal truth of day trading

I want to say something here before RickM info overloads people. Large vs small liquidity DOES NOT MATTER when you know how to use it. Motivation + "Liquidity" drives activity. And activity moves the market, PERIOD. P-O-P activity is WHY you get ...

The brutal truth of day trading

Pumi, This is why I advocate for someone to organize their learning curve into a schematic. Less to try and 'remember' and more that you can access later on at any stage of learning. It also helps with removing all the 'stories' people love creating ...

The brutal truth of day trading

Yes, if there is deeper value there to be grabbed. Unlike many people these days, who think using point to point data (Not necessarily RickM specifically) is the answer to their insight gaps, I realized years ago that technology would speed up and ...

The brutal truth of day trading

Tim, For me (and only me as I can only speak for myself), Although I do in fact utilize futures data, I mainly use the same process a person would use when working with ETF's, Stocks and Converse Debt Finance. I use investigative methods to see into ...

The brutal truth of day trading

Yeah never saw THAT narrative coming between these two. Would you like to get a room? "Yes the NFP is coming out and we better find something to talk about coz trading is soooo boring for so many people." Please, I would love ...

The brutal truth of day trading

Although I'm not RickM, I will jump in, seeing as I am the one who tried to explain it to him and "them" out there .... He's sorting Futures Data to try and show comparative arrangements of participant volume depth to try and see 'what's missing'. ...

The brutal truth of day trading

For me, personally, day trading has many definitions. And with this, comes a lot of intellectual assumptions. Case in point .... - Micro analysis of Liquidity that is missing the understanding of the macro motivations and intentions will send you in ...

The brutal truth of day trading

Yeah you really need to but I just gave you a quick bump along. Cheers. Peter

Objective Thinking And Trading

They're not 'tantrums' per say. I simply figured out years ago that it's very unhealthy to repress what is truly felt and thought. That is why I am usually 'unpopular' with people here. I don't conform to 'political correctness' as it makes things ...

The brutal truth of day trading

Many approaches are useful but only when done objectively, that is, without preference or prejudice of findings and outcomes. You cannot learn if you are afraid of what you may find. Peter

Objective Thinking And Trading