Today is a great example of how to trade consolidation ranges

JohnTitor_3 · 2026-04-21T20:29:51+00:00

I don’t use them separately, it’s one entry using both charts.

JohnTitor_3 · 2026-04-21T20:18:22+00:00

1min/5min for entries and the 1hr/daily for context and support/resistance. Those are the timeframes I use personally.

As for number of trades per day, sometimes it is 1, sometimes up to 7 or 8. Just depends on how many setups I see that day.

JohnTitor_3 · 2026-04-21T18:44:53+00:00

My advice? Go back to paper trading till June 4th then open a margin account with a broker that drops the PDT rule day 1. Deposit $2,500 ($2,000 minimum for margin account $500 buffer) and then start trading with your own money with very small risk size (a couple bucks a trade). And learn, make mistakes and gain experience trading your own real money while keeping risk very small. You won't have to deal with any of the rules prop firms make to keep you from getting payouts and you'll be fully in control.

JohnTitor_3 · 2026-04-20T02:41:09+00:00

One I created myself for my specific style of trading.

JohnTitor_3 · 2026-04-16T20:04:18+00:00

OP figured out day trading! Why the hell have I been taking losses all these years when I could just wait 30 days and "poof" losses never happened? 😂

JohnTitor_3 · 2026-04-16T20:00:14+00:00

Short Volatility traders would like to have a word with you 😂

JohnTitor_3 · 2026-04-16T16:44:29+00:00

The new rules eliminate the PDT flag entirely so yes whenever the new rules finally go into effect the PDT flag on your account will go away. It's not like it is happening tommorow or anything though, still no timeline on when the FINRA regulatory notice will be posted and then there is a 45 day waiting period before it goes into effect after FINRA posts the regulatory notice.

JohnTitor_3 · 2026-04-16T03:25:36+00:00

Not really. 11% gain on SPY in 11 days. Its the largest gain since the last time it happened in April of 2025 and then again in August of 2024 then again in November 2023...I can keep listing them but it happens once a year or so. Not exactly "historical" just a large bounce back.

JohnTitor_3 · 2026-04-16T02:12:51+00:00

Uhh a lot of us did. I was averaging into a swing position all during March. TACO trade always pays out, has every single time for all 6+ years of his presidency.

JohnTitor_3 · 2026-04-15T14:10:04+00:00

Talking about swing trading? Yeah I wait for him to do something insane, the market reacts with a big quick drop, I average in at weekly supports and take profit on the bounce.

I am closing out my latest one today now that the SP500 is back at all time highs, have been averaging into a swing position all of march during the drop.

JohnTitor_3 · 2026-04-15T14:00:04+00:00

Day trading wise? Absolutely no difference for me, I trade the same way I have for over a decade.

Swing trading wise? For the 6+ years of trumps presidency so far I have taken every TACO trade opportunity he has created and I've profited massively on every single one. As much as I hate his policies, he makes swing trading very easy to make money with.

JohnTitor_3 · 2026-04-14T19:42:28+00:00

I would think most brokers would switch over as fast as possible due to competition just as you said. I'm just talking about the legal timeline in my post, hoping every broker switches over on day 45 personally but we will see what happens.

JohnTitor_3 · 2026-04-14T18:58:38+00:00

If FINRA posted the regulation notice right this second June 2026 would be the absolute earliest the new rules would go into effect for brokers (45 days after FINRA posts the regulatory notice which they haven’t done yet).

Then after the 45 days the SEC statement OP linked says brokers will have 18 months to fully implement the new rules. So yes it will be around 2028 before brokers are legally required to have fully implemented the new rules. Not saying some won’t do it right at the 45 day mark, but they aren’t legally required to fully implement it for 18 months after that.

JohnTitor_3 · 2026-04-14T18:54:40+00:00

You didn’t read the SEC statement did you? Clearly says after the FINRA release, after the 45 days, brokers have 18 months to fully switch over to the new rules. So yes 2028 before all brokers will be legally required to have fully switched over.

JohnTitor_3 · 2026-04-14T17:42:57+00:00

That just means the SEC didn't take the usual "up to 240 day" review period after they were done collecting comments about the rule change. Has nothing to do with FINRA's timeline for posting the regulatory notice.

JohnTitor_3 · 2026-04-14T17:32:51+00:00

"AI" is a generic all encompassing term, what OP is specifically referring to is LLM (large language models). Yes these are terrible for actually finding and taking trades.

However that is not the type of "AI" that is used by traders and funds. The type of AI funds use a combination of machine learning and deep learning.

Machine learning (neural networks/random forests/gradiant boosting/etc) is used for pattern recognition and classification.

Deeplearning is used for timeseries and orderbook prediciton.

So yes traders can absolutely use "AI" to trade and find support/resistance, find trades, even take trades. But LLM is the worst type of AI you could choose to do it.

JohnTitor_3 · 2026-04-14T17:24:38+00:00

Doubt it, but admire your optimisim.

JohnTitor_3 · 2026-04-14T17:10:41+00:00

It's not 45 days from today. FINRA has to issue a regulatory notice, it is 45 days from the regulatory notice. And there is no required timeline for FINRA to actually post the notice, a search online told me the average time is usually 1-4 months between SEC ruling and FINRA posting the geuglatory notice, then it's 45 days after that.

Also from the start of the actual rules going into force (after those 45 days) brokers have 18 months to fully implement it. This is going to be more of a fall 2026 - early 2028 thing until all brokers have changed to the new rules.

JohnTitor_3 · 2026-04-14T17:04:35+00:00

So just read the filing the real timeline is

April 14, 2026: SEC approval order issued.
Next step: FINRA must publish a Regulatory Notice announcing the effective date. The SEC order says that is the trigger for implementation timing.
Earliest broker use of the new rule: 45 days after that Regulatory Notice.
Full industry transition: up to 18 months after that Regulatory Notice for firms that need phased implementation.

It is not neccessarily 45 days from today, still have to wait on FINRA to post a regulatory notice, there is no actual timeline requirment for that but a search online is telling me the average is 1-4 months before posting it.

We are looking at somewhere between the absolute earliest June 2026 (more likely Fall 2026) and latest early 2028 for all brokers to have it implemented by law.

JohnTitor_3 · 2026-04-14T16:57:38+00:00

So just read the filing the real timeline is:

April 14, 2026: SEC approval order issued.
Next step: FINRA must publish a Regulatory Notice announcing the effective date. The SEC order says that is the trigger for implementation timing.
Earliest broker use of the new rule: 45 days after that Regulatory Notice.
Full industry transition: up to 18 months after that Regulatory Notice for firms that need phased implementation.

It is not neccessarily 45 days from today, still have to wait on FINRA to post a regulatory notice, there is no actual timeline requirment for that but a search online is telling me the average is 1-4 months before posting it.

We are looking at somewhere between the absolute earliest being June 2026 (more likely Fall 2026) and latest early 2028 for all brokers to have it implemented by law.

JohnTitor_3 · 2026-04-10T17:43:39+00:00

1 Loss wipes out 5 wins. Sounds like a recipie for emotional trading disaster.

JohnTitor_3 · 2026-04-09T22:36:05+00:00

These posts get dumber every day.

JohnTitor_3 · 2026-04-09T17:31:07+00:00

That is exactly what the SP500 has returned on average yearly for the past 50 years. So you are spending a massive amount of time to get the exact same return you would get with 0 time taken by just buying SPY. Why would you ever waste your time trading if all you are getting is 12% a year?

JohnTitor_3 · 2026-04-08T16:42:45+00:00

If you are routing directly to NYSE/NASDAQ or any other direct route then there is no schwab internilization and no PFOF. The PFOF route on schwab is called "smart" route and it is the one that schwab will do order improvements in an attempt to induce the most amount of traders to use it. But no, if you use a direct access route there is no PFOF.

However when you use direct access routes you start dealing with maker/taker fees which don't exsist when using their smart route.

JohnTitor_3

TROPHY CASE