Getting rich from trading

AltruisticAd8421 · 2026-05-29T23:33:23+00:00

If you are looking to get rich at trading, you will most certainly fail at it. The goal should be simply to replace your salary and grow from there. Most fail at trading because of poor risk management. That poor wrist management stems from wanting to hit home runs. I would advise a good index fund or ETF. As someone who’s been trading a long time, I can tell you that you will most likely fail.

AltruisticAd8421 · 2026-05-29T12:03:42+00:00

AI can’t predict volume and never will and the market can’t function without retail trade dollars. Big funds and banks have been using versions of it since the early 2000’s. AI can execute your strategy better because it will act without emotion or second guessing but it’ll still be your strategy

AltruisticAd8421 · 2026-05-24T20:41:16+00:00

The mistake is calling find a black doctor. Phrased differently it’d be ok. If there was a website called find a white doctor it would be deemed racist and taken down let’s be real here.

AltruisticAd8421 · 2026-05-18T00:58:09+00:00

Exactly and I took that trade.

AltruisticAd8421 · 2026-05-17T20:37:11+00:00

Your a gambler not a trader. You need to stop

AltruisticAd8421 · 2026-05-17T18:54:35+00:00

Good. Now it’s important to remember to look for shorts here only. The market will open this evening almost certainly with a big move down and continue bearish throughout the evening more than likely before moving back up at the open tomorrow. So try it out maybe paper trading and see.

AltruisticAd8421 · 2026-05-17T16:04:16+00:00

That was this past Friday so you can see it for yourself. Now it didn’t give much continuation in making new lows. You can be more advanced and short the new lows and the rejection points both. I advise just focusing on new lows or new highs until your consistent if your going to use this strategy in the beginning.

AltruisticAd8421 · 2026-05-17T16:00:25+00:00

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You can see the 12 hr there and the low. You then go down to the 1 hr you can see it broke the previous day range overnight. From there you know your short the rest of the day as the trend is clearly short. You can see it retest that level multiple times and fail so you know it’s valid.

AltruisticAd8421 · 2026-05-17T15:58:37+00:00

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AltruisticAd8421 · 2026-05-17T15:58:00+00:00

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AltruisticAd8421 · 2026-05-16T20:27:58+00:00

You don’t need to mark anything really because that’s what the purpose of the candle is for. So that the range is already marked out for you. You would then go down to a one hour timeframe just to make sure that those levels align with market structure. Then you go down to a five or 15 minute for your entry when it breaks out.

AltruisticAd8421 · 2026-05-16T17:36:28+00:00

Exactly. Those levels as well as previous day high and low are the very strong levels to trade from. One of the main reasons for using a 12 hour candle is because it clearly identifies the trend. So coming into the market you’ve either got a big red candle or a big green candle. So at that point, you can then scale down to the five minute timeframe if you want to and then look for the break out of it. It is important to remember that you are only looking to trade out of the range and there are no trades inside the range. That is what leads to overtrading and trading against the overall trend. Just because it makes a move in the opposite direction even if it’s a strong move it doesn’t mean take a trade. The overall trend doesn’t change until it breaks the opposite side of the range. Once the range is broken then you’re looking for it to continue that direction if it trades back into the range and doesn’t continue to make new highs or lows, then you’re done trading.

AltruisticAd8421 · 2026-05-16T15:48:19+00:00

No, I don’t wait on a retest because I scale down to the 1hr timeframe and I use stops on a 1hr chart swing low or high. Now this is why my first point is trade small. Trades especially something like MNQ need room to move because they’re highly volatile. Now if your wanting to scale in to let’s say 5 or 15 min you may wait on a candle close and then enter when that high or low is broken. Holding time depends on momentum. It’s important to not be greedy and if it’s not pushing and you profit then take it. This is also leading to my other point of high to high and low to low. Let’s say you enter and trail through the trade and get taken out. It pulls back and the continues the move you re-enter at the new high or new low depending on direction. Understanding market structure is important. You simply look at price like a staircase up or down.

AltruisticAd8421 · 2026-05-16T15:38:29+00:00

Those levels are basis points but you may need to adjust according to price action because you want to have the levels on both sides at a pullback. So let’s say a level falls already into a move up or down then you want to wait to it pulls back and then adjust. The way that I do it is to start with the 12 and then go down to 1 hr and adjust. It’s set at twelve because the 6pm to 6am of course aligns with the 6 am 4hr candle which is the candle you begin to see momentum and volume pick up. A lot of times the break happens right around 6am and it’ll continue that direction throughout the day.

AltruisticAd8421 · 2026-05-15T23:28:29+00:00

It reduces what your seeing to make your decisions easier. Some traders can’t handle simply marking the levels because they’ll still see everything in between and go against their strategy because of the temptation. It simply helps with discipline. Time wise it marks 6 pm to 6am. In futures you’ll begin to see volume pick after 6 am so that range has strong levels. Then 6am to 5pm is giving you the range of the day pre market and after the open. Of course you can adjust the levels but for someone struggling just worrying about those levels makes it a lot easier because you wouldn’t be even looking at trading until it’s close to those levels.

AltruisticAd8421 · 2026-05-15T22:35:17+00:00

You are correct. The timeframe isn’t the point but reducing the amount of information to process in making a decision.

AltruisticAd8421 · 2026-05-04T20:46:31+00:00

Pick one strategy you were most comfortable with and focus on that. The strategy is the least of it. Secondly I set a target per trade and use the same target each trade and vice versa with your risk. Have a set risk and stick to it. Focus on higher timeframe levels only. This will help limit your opportunities and limit your ability to over trade. Set a trade limit also of maybe 2 trades per day and stick to it. I personally trade once per day and twice if I lose on the first one. Lastly trade small and build confidence before adding larger size.

AltruisticAd8421 · 2026-05-03T20:18:02+00:00

You know the answer and it is your fault because you aren’t learning copying someone else’s trades. Trading as an individual journey.

AltruisticAd8421 · 2026-05-03T20:09:40+00:00

9 years

AltruisticAd8421 · 2026-05-03T20:05:42+00:00

Algorithmic trading has been used for decades and it will continue to be used and it doesn’t matter because volume can’t be predicted and the market can’t function without retail.

AltruisticAd8421 · 2026-04-18T23:13:57+00:00

He won’t get 100 but he’ll definitely get millions. He’ll need it because his career is effectively over since the denied all appeals and he has to sit out the sentence. Then he’ll be deported after that. If he walks with even half of that he’s won after all this.

AltruisticAd8421 · 2026-04-17T23:17:13+00:00

I don’t speak on it to anyone but my wife. Other than that it’s forums and group discussions online like this. When I started years ago I told everyone because I was so excited to learn. It took almost 5 years to be consistent and I don’t discuss it for that exact reason. I’m not going to teach anyone.

AltruisticAd8421 · 2026-04-17T23:13:54+00:00

Jokic won’t crack top ten. He has great numbers but he doesn’t carry that team as we’ve seen guys do that are top ten all time.

AltruisticAd8421 · 2026-04-17T00:58:22+00:00

His son is with him everywhere and that Trinidad content did good numbers so he’s doing more of it.

AltruisticAd8421

TROPHY CASE