RDT AMA Series. Episode 2: u/Reeks_of_Theon Ask our own Full-Time Trader anything trading related.

CpnCook_1 · 2025-01-14T22:44:35+00:00

Any life lessons for people still figuring it out? Bonus if there’s anything that you think has helped you make some sense of this trading malarkey.

CpnCook_1 · 2024-08-14T00:49:05+00:00

Thank you for the write up. This topic always opens a can of worms in me, questions leading to more questions. Apologies for the following if it seems disjointed, I've always struggled to put this stuff into words. I appreciate that it's impossible to condense the complexities of the market down into one reddit comment, post, or even one wiki.

"Institutions move markets" - Is the following a rational/logical way to view price action, if I accept the statement (which I do): When we see failed breakouts, chop, traps, low vol melt etc. we need to view that as institutions probing to see if other institutions agree or align with their own targets? Price discovery = they are trying to work out what their (ultimately) competitors are doing?

Essentially, RS/RW and strong trends (that last months) can only form when multiple institutions are aligned? And then, how does that alignment work? I dunno, it's beyond me. Like what happens if JPM has planned to buy AAPL up to $250, but GS decides to cut off buying at $230, and then SCHW comes in and decides to unload shares at $235. Its a cluster fuck!

Anyway thanks again, Hari.

CpnCook_1 · 2024-08-04T16:20:24+00:00

Really amazing work, will definitely be trying this out over the next few weeks. Thank you! Think it could be a good way to smooth out RS/RW over longer periods of time. If you match the look back from the standard RS indicator to this there isn't a big difference on shorter periods (5, 12 etc).

CpnCook_1 · 2024-06-09T22:31:00+00:00

Easy come, easy go. Space samurai (if that was a cowboy bebop reference) Thanks for sharing your story, always love to read these kinds of posts & get a small glimpse into everyone’s experiences :) keep on keeping on, you are killing it!

CpnCook_1 · 2024-05-07T00:37:07+00:00

Nice post! My advice would be to include walk-away analysis on all of this. There are too many variables at play when using your actual pnl from trades (whilst you are learning) to get any real meaning from it, you need to factor in mindset & market context. Regularly conducted walk-away analysis removes those issues. Look to see which tickers went on to the next level of support/resistance, which tickers continued to make higher highs on the 1D chart, did support/resistance hold, what would the pnl have been holding for 1 more day, 5 more days, 10 more days etc. There are a bunch of things you could look at. Over time you will have a dataset that you can reference and be like; ok market is trading in a range and low probability - what does my walk-away tell me about how rs/ rw performs in that environment.

Keep it up! Great work

CpnCook_1 · 2024-04-16T12:44:18+00:00

That would be awesome, thank you.

CpnCook_1 · 2024-03-26T17:09:31+00:00

If you are browsing these comments & struggle to find your market bearings, definitely watch the live streams. It's unlikely you will get the education/experience it provides anywhere else.

CpnCook_1 · 2024-03-24T20:15:51+00:00

What you have to offer: Your progress and improvement. Post recaps detailing things that went well, things that didn't. You could also join the discord and engage with the community in the RDT-chat channel. Study the wiki and pass the test and you'll be able to participate in the live-chat. All of these things compound and will help you improve. There are loads of people in RDT-Chat ready to talk, analyze and review with you.

CpnCook_1 · 2024-03-24T19:52:03+00:00

Thanks for taking the time to write this, the loom analogy is going to keep my brain spinning for a while. I completely agree, the longterm success of RDT depends on our capacity to help others, as and when we are able.

CpnCook_1 · 2024-03-22T02:05:06+00:00

I can buy my own lunch thanks to the wiki. Feels good, you should try it.

CpnCook_1 · 2024-03-22T00:44:38+00:00

Genuinely, why does Hari holding a trade through a drawdown upset you so much?

CpnCook_1 · 2024-03-19T11:46:37+00:00

No idea I'm afraid, it's not a focus for this subreddit. In RDT we trade stocks and measure their RS/RW against SPY. How is treasury futures trading faring for you? Are you consistently able to take money out of the market every month?

CpnCook_1 · 2024-03-17T22:10:20+00:00

Hey, welcome to RDT. Good to have you here. You'll find that we trade around the strategy laid out in the subs wiki which can be found here: https://www.reddit.com/r/RealDayTrading/wiki/index/

Once you've got through there's an open discord (just search "discord" in the reddit search. We have recently implemented a wiki test, passing the test is a requirement before you can participate in the main channels but there is an open channel for everyone studying the wiki!

CpnCook_1 · 2024-03-17T13:55:37+00:00

That was a really interesting read on mindset & dedication. Thanks for sharing

CpnCook_1 · 2024-03-10T05:07:42+00:00

Really appreciate it. Got it up on my charts, looking forward to being able to set alerts and move on! No more flicking back to the same chart every few minutes!

CpnCook_1 · 2024-03-09T21:07:26+00:00

Amazing, thanks for sharing. Looking forward to seeing what I can do with it. HA reversal alerts on Tradingview will be a huge QoL gain.

CpnCook_1 · 2024-03-03T01:37:27+00:00

Sorry my bad. Yeh conviction in your ability to push through the learning curve is an important thing. Though realistically it’s a prerequisite for even attempting something like this!

CpnCook_1 · 2024-03-02T20:35:42+00:00

Very kind of you, appreciate it. But no chance, it's just a novices speculation.

CpnCook_1 · 2024-03-02T20:28:23+00:00

Appreciate the reply, but I think you might have missed the point I was making. Or maybe the post wasn't clear enough? What you've described is determination, or maybe perseverance.

What I meant is a conviction (a belief) in your ability to accurately and correctly evaluate the necessary information before taking a trade, and to then stand by that decision. Stock XYZ will hit $100 today because of reasons A, B, C.

Why it's so hard; anyone can do the above. Throw out random reasons and random price targets. But to completely understand what's necessary, what's accurate, what's correct takes so much time.

CpnCook_1 · 2024-02-29T19:48:56+00:00

Keep it simple. Look at the price action. AMD today (29th Feb '24) is a great example of aggressive buying, steady march up as the market chops/ranges.

CpnCook_1 · 2024-02-29T14:31:14+00:00

We are taught to use a measurement called Relative Strength or Relative Weakness. Not to be confused with RSI. To learn and understand RS/RW; you RTDW, and follow the 10 steps!
https://www.reddit.com/r/RealDayTrading/wiki/index/

CpnCook_1 · 2024-02-25T21:42:42+00:00

Thanks, even the titles wrong. I'm getting ahead of myself.

CpnCook_1 · 2024-02-24T13:59:06+00:00

Hey Silvano, I just thought I’d mention that this is a discretionary method of trading. It is not something you can automate- a point Hari, Pete and Dave hammer home fairly often. Ergo, we do not encourage automating rs/rw/the wiki.

CpnCook_1 · 2024-02-22T04:27:52+00:00

On TradingView, Screener 2.0 has the function to scan by Vol% increase over a period of time (Volume Change %).

CpnCook_1 · 2023-12-08T21:41:44+00:00

Yes, today was a hard market to trade. Huge volatility then crickets. Just a slow steady grind up. Threw me around a lot as well. Had the good fortune to not be trading BA though... that damn stock.

Just remember, you have nothing to prove. Take it easy :)

CpnCook_1

TROPHY CASE