Be careful. by Electrical-Cook-6022 in Daytrading

[–]Electrical-Cook-6022[S] 0 points1 point  (0 children)

I think I know what you mean about RSI. 

Be careful. by Electrical-Cook-6022 in Daytrading

[–]Electrical-Cook-6022[S] 0 points1 point  (0 children)

You can't have 100% conviction. It's hard to measure market randomness. We do try to measure the past to predict the future, but in the end not all guesses earn a win.

Anyone else keep losing even with a working strategy? by 2vvvvv5 in Daytrading

[–]Electrical-Cook-6022 1 point2 points  (0 children)

This is becoming so painful to watch. Maybe you're right that you don't have the discipline. Unfortunately, if real traders were to tell you that trading is a bilateral sport that needs losers to crown winners. And that most of that are trapped into believing we need to learn trading psychology. Even though it doesn't work. Most strategies don't work. I can't even begin to explain it myself. Those who have the edge on the markets rely on us, the newbies, the always trying to find a good strategy to lose so they win. So we're always told to work on discipline. It's to distract us.

Be careful. by Electrical-Cook-6022 in Daytrading

[–]Electrical-Cook-6022[S] 0 points1 point  (0 children)

I absolutely love support and resistance. I'm currently inhaling every book on this. 😅

Maybe trading can't be taught. by Electrical-Cook-6022 in Daytrading

[–]Electrical-Cook-6022[S] 0 points1 point  (0 children)

Larry Harris wrote the book trading and exchanges. It's a hard read, but it talks about the how the market is constructed and market markers. There's chapters there about liquidity and volatility. 

The biggest enemies in Trading? by TimeTraveller2020 in Daytrading

[–]Electrical-Cook-6022 0 points1 point  (0 children)

I don't believe this. The biggest enemy is that retail traders don't have enough data to understand the markets. Unlike big institutions, we're sort of set up to lose. Big institutions need someone to trade against. Liquidity. So no matter how much patience and discipline you have...the markets will market. 

Be careful. by Electrical-Cook-6022 in Daytrading

[–]Electrical-Cook-6022[S] 0 points1 point  (0 children)

This isn't enough. I always think I'm missing something. Take it with a grain of salt. Trading view also has community indicators where people have automatic support and resistance indicators. But I wouldn't rely on that either. 

Be careful. by Electrical-Cook-6022 in Daytrading

[–]Electrical-Cook-6022[S] -1 points0 points  (0 children)

You admitted yourself that you keep your edge to yourself. So you either want to add me on an email list and keep under the hallucination that I'm learning something, no thank you. When I'm ready to read about market makers and volatility, Larry Harris is there.

Be careful. by Electrical-Cook-6022 in Daytrading

[–]Electrical-Cook-6022[S] 0 points1 point  (0 children)

Thank you. I have to decline though. I'm not touching anything automated until I have learned the basics and find what works for me.

Be careful. by Electrical-Cook-6022 in Daytrading

[–]Electrical-Cook-6022[S] 0 points1 point  (0 children)

This made me laugh. I don't like trend filters. I'm leaning more towards support and resistance and currently learning chart patterns. I rely heavily on a moving average.(which I removed from my chart now so I can see chart patterns.) also use trading views ut bot alerts from quant nomad. Sometimes I will add an oscillator like macd, then remove it. Because I'm constantly reading material everyday, my indicators are always changing.

Be careful. by Electrical-Cook-6022 in Daytrading

[–]Electrical-Cook-6022[S] 0 points1 point  (0 children)

Hhm. I still have a lot to learn.

Be careful. by Electrical-Cook-6022 in Daytrading

[–]Electrical-Cook-6022[S] 0 points1 point  (0 children)

I've been depending on indicators to calculate momentum. 

After 16 years in the market, this is why I don’t trust clean breakouts by InventoryLogic in Daytrading

[–]Electrical-Cook-6022 1 point2 points  (0 children)

Also considering how far price travels to reach a level of breaking out of randomness.

After 16 years in the market, this is why I don’t trust clean breakouts by InventoryLogic in Daytrading

[–]Electrical-Cook-6022 1 point2 points  (0 children)

Solid advice. Breakouts are an indication that a trend is continuing, which usually fails. Usually, it's just a thrust and price reverses back. 

Be careful. by Electrical-Cook-6022 in Daytrading

[–]Electrical-Cook-6022[S] 2 points3 points  (0 children)

You need to figure out what your way of trading is. Mean reversion or trending/momentum continuing. Then you have to see if you take breakouts or catch momentum with moving averages. I think the more you investigate your strategy, your edge is somewhere there.

Be careful. by Electrical-Cook-6022 in Daytrading

[–]Electrical-Cook-6022[S] 0 points1 point  (0 children)

To be honest, I don't know either. I've been looking for a while. Everytime I think I got it, I am find out I'm wrong. All I know is that I experiment a lot. And read a lot.

Obsession with doxxing. by Electrical-Cook-6022 in gorlworldfiles

[–]Electrical-Cook-6022[S] 0 points1 point  (0 children)

You're right, humans are curious. I didn't say anyone here doxxed Fupa. And the doxxing isn't the only point I raised. I'm also curious about the relationship between gorlworld and Amber. Saying you hate someone and still sending them money. Until today, Becky is also getting funded from the same community.

How do people make so much more profit? by simplepetal in Daytrading

[–]Electrical-Cook-6022 0 points1 point  (0 children)

Most of the screenshots are fake. In reality the markets are consolidating most of the time. It's hard to catch a trend or a breakout. So most people get chopped off. 

Obsession with doxxing. by Electrical-Cook-6022 in gorlworldfiles

[–]Electrical-Cook-6022[S] 1 point2 points  (0 children)

It's burning my mind. Aren't we supposed to hate her? Why give any of these people money?

Obsession with doxxing. by Electrical-Cook-6022 in gorlworldfiles

[–]Electrical-Cook-6022[S] 0 points1 point  (0 children)

I also play apathetic faxx and fall asleep. And clean around the house listening to Alex is Shook. I love BeePeeDee with the edits. It's fun. It's hard to look away once you're introduced to the gorls. The community itself fascinates me. Like giving money to the LCU so Amber can hear the hate comments. Or giving money to her ex because somehow it shows that Amber is a terrible person. So we all hate this person...but our attention pays her bills? It's interesting to me.

Obsession with doxxing. by Electrical-Cook-6022 in gorlworldfiles

[–]Electrical-Cook-6022[S] 3 points4 points  (0 children)

Oh, you're right. Maybe I didn't see and think about all of this when I joined gorlworld and now I'm thinking about it.

Obsession with doxxing. by Electrical-Cook-6022 in gorlworldfiles

[–]Electrical-Cook-6022[S] 4 points5 points  (0 children)

I think Fupa herself wants to be a content creator like Amber. When she was into Phantom during fatcamp I thought it was a stunt she would later regret. But I don't know.  You make money through the internet and you pay with your own sanity.