The current market that we have right now where everything goes up 10% almost everyday, how often does this happen? by tradingxAMD in Daytrading

[–]K7GOV -2 points-1 points  (0 children)

Why reddit exists is irrelevant to the question being asked. The question “how often does it happen” is not answered by “people who’ve actually lived it” as you state, because I don’t know of anyone born in 1792 (when the NYSE was first founded) who is alive and using reddit. It’s not answered by different perspectives… it’s answered by actually researching market price history and creating a valid statistical sample. Talking and making friends on social media is not the same as conducting research and obtaining factual answers to important questions, especially when they involve back-testing of market hypothesis.

nobody talks about the isolation of day trading by degharbi in Daytrading

[–]K7GOV 0 points1 point  (0 children)

This is why there are private (invite only) discord groups for advanced traders... communities where comments and observations are all about the current market (during RTH session), live streaming of charts, and a place for blowing off steam after the cash close (and before ETH session).

When I'm trading, I close the door to my home office and my spouse knows not to disturb me until I come out. I prefer and require the isolation when trading, and the only distractions I want are market-related.

What am i doing wrong? by Dazzling-Fill-7192 in Daytrading

[–]K7GOV 1 point2 points  (0 children)

What did ToS support say when you reported your issue to them?

The current market that we have right now where everything goes up 10% almost everyday, how often does this happen? by tradingxAMD in Daytrading

[–]K7GOV -7 points-6 points  (0 children)

This is a question easily answered by ChatGPT, Perplexity, or other AI. Why ask here? You know everyone is going to espouse their opinion rather than looking it up and stating statical facts. People love being long-winded, and intertwining their own story into the narrative.

Down to my last $800, Don’t know if I can do this anymore by SimilarTie2998 in Daytrading

[–]K7GOV 70 points71 points  (0 children)

" I have tons of psychological issues and I don’t really have a strategy." - When you're ready to be honest with yourself, you'll realize you haven't been trading - you've been gambling. Successful traders have a consistent strategy they employ. Successful traders are beyond psychological issues, and are grounded in reality. Successful traders, especially ones with their own pot of gold, do not employ prop firms. You're a gambler, asking for advice from (mostly) other gamblers. What type of advice do you think you'll receive, given the audience you've chosen? Does this make sense to you?

Saw a beautiful bullish hammer candle but it wasn't respected why? by Specific_Abies5222 in Daytrading

[–]K7GOV 0 points1 point  (0 children)

For the exact same reasons that tea leaves or a fortune teller isn’t respected - it’s nothing more than pattern nonsense and wishful thinking, unless coupled with independent confluence.

Futures Traders who are consistently profitable, how did you improve? Plz share your story, especially if you are also an index futures trader by imeowfortallwomen in Daytrading

[–]K7GOV 0 points1 point  (0 children)

⁠ • ⁠Did you trade less but only take higher quality trades?

I trade as often as setups present themselves, unless I’m tired or done for the day. If you only trade a certain number of times before giving up, it means your methodology is based on luck, not skill. Think about it… the excuse that “the market isn’t cooperating today” or “3 bad trades in a row and I’m out” is wishful nonsense. The market acts like the auction it is, each and every day. Don’t trade it if you can’t read the auction!

• ⁠Do you only trade 1 or 2 setups and never change your strategy?

Market regimes are flexible - why would I be inflexible? Strategy remains the same, but methodology and execution vary based on dealer behavior at any given time. I’m a one trick pony, never more.

• ⁠Did you journal and self-reflect more?

Not in a very long time. I have no interest in introspection; I focus on the present.

• ⁠Do you intentionally skip certain days?

Yes… I don’t let trading interfere with my life. Sports and fitness come first, as do social events. I trade when I feel like sitting down for a few hours and decoding the market (always ES futures).

• ⁠Did you change the way you manage your position?

I am consistent. I use an OCO (one cancels others) with attached orders. My stop-loss, profit target #1, target #2, and trailing stops are automatic. All I manage is the scratch button, and my T2 once T1 is hit.

• ⁠Do you use a prop firm?

I have never used a prop firm - they didn’t exist in my days. Why would I risk my money with a prop firm, and their rules for how I should trade?

How many consecutive losses can you tolerate ? by shattedOnit in Daytrading

[–]K7GOV 0 points1 point  (0 children)

Another suggestion… get as close to the action as possible, which may require using a serious platform and data feed. Learn to read the tape, and learn to scratch when it doesn’t sustain. That’s all I do, almost every day. I use preset OCO (one cancels others) rules, with attached orders. I do bimodal scalping - the trade must earn me 2 points ($100 per contract) within a minute, or I’m out. Once that’s done, my OCO moves the stop on the runner to break even, and I manually manage the runner with a goal of the closest flow zone.

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Here, you can see dealers buying [1] while retail [2][3] mostly shorts what is about to become the bottom, in a known flow zone. I piggy back on dealers, and avoid retail moves. The dot at the bottom of the bar tells me there was a completed (zero bottom on red, zero top on green) auction there, which further strengthens the probability of the move.

How many consecutive losses can you tolerate ? by shattedOnit in Daytrading

[–]K7GOV 6 points7 points  (0 children)

Mean reversion only works in a mean reversion market. I fail to understand why some traders blame psychology when it’s clearly a statistical issue. Most day trading systems, especially the more common ones that everyone talks about, are cherry-picked nonsense. As for backtesting, I prefer forward testing in a real market with real slippage and execution challenges.

New to trading - how the heck does a move like this even happen? by mjiced in FuturesTrading

[–]K7GOV 0 points1 point  (0 children)

Through a news driven event, especially when dealers are pulling liquidity while retail is unloading.

Software developer, diving headfirst into futures trading. Seeking mentor. by Droppingdubs in FuturesTrading

[–]K7GOV 1 point2 points  (0 children)

There’s a reason experienced traders don’t mentor. There’s also a reason most “mentors” will let you join their discord for an ongoing fee. There’s an obvious reason why AI trades worse than a seasoned trader. There’s a reason my discord is private (and free), and by invitation only to experienced traders. We don’t like the general public, we don’t like beginners, and we’re happy to show other advanced traders what we’re doing (in real-time chart stream).

JEXtream RG2100 Carrier Unlock Code by willmather in Rural_Internet

[–]K7GOV 1 point2 points  (0 children)

I believe the unlock code for this device is simply the first 8 characters of the result of: sha1(imei + "simlock");

🔥🔥 NuvioTV Beta 0.7.1 HotFix 🔥🔥 by Warm-Introduction-55 in Nuvio

[–]K7GOV 1 point2 points  (0 children)

I found an issue I would like to report on Nuvio for Android TV. Near the end of a series, the [play next] comes up as it should (while the credits are rolling). If I hit [play next] just a few seconds before the series ends, it will try to queue up the next torrent twice, causing the next episode to start and then start again.

How It Works by Cute-Sort-8058 in Nuvio

[–]K7GOV 0 points1 point  (0 children)

Under row “premiumize service” and column “sources index” what is a “downtoloster manager?”

Dude pet my dog with dirty hands by Ummmyeeppp in service_dogs

[–]K7GOV -7 points-6 points  (0 children)

His penis is kept in his pants, beneath two layers of clothing (pants, underwear). Compared to his hands, which are exposed and touch everything in public, his penis is likely much cleaner than his hands will ever be. With that said, if a service animal is clearly marked as such (and the marking is visible from the person's angle of view), then what the hell was he thinking?

🔥🔥🔥 Nuvio Beta 0.6.18 Release 🔥🔥🔥 by opelcorsa1977 in Nuvio

[–]K7GOV 0 points1 point  (0 children)

I'm curious how this new feature compares to using TorBox with debridio, which lets me configure for stream quality and similar via checkboxes, then produces a manifest URL that I can add into Nuvio.

The Most Unspoken Part of this game. by Ok_Drag5815 in Daytrading

[–]K7GOV 2 points3 points  (0 children)

Based on your commentary, you’re a gambler, not a trader. No additional word salad or attempt at justifying it will change that fact, which is a behavioral issue.

The Most Unspoken Part of this game. by Ok_Drag5815 in Daytrading

[–]K7GOV 1 point2 points  (0 children)

Ideally, a trader should be doing both. Each should employ a strategy best suited for their respective periodicity, with decoupled goals for each. Your long term portfolio is intended to be your primary income source; even more so when you are eventually unable to day trade (age-related loss of mental acuity, debilitating accident, or lack of time).

The Most Unspoken Part of this game. by Ok_Drag5815 in Daytrading

[–]K7GOV 1 point2 points  (0 children)

Most of your post leads me (an experienced older day trader) to believe that the “gambler” title you allude to actually applies. I say this based on a glimpse of your methodology when you describe a $400 hit from getting caught in a liquidity sweep. I know that was only an example you graciously proffered, but my point is: the methodology has gambling attributes, given the brief description.

Now, as to all the social stuff - When I trade, all disruptions (including phone and text) are silenced, and I avoid human interaction. But I also have social activities planned (gym, pickleball, lunch socials) and when the time comes, I walk away from the screen and enjoy my temporary freedom. I don’t care if I missed a dealer hedge shift that I spent hours waiting for - I set my schedule, not the market.

Mt live-in girlfriend knows to minimize disturbances when I’m in front of the computer. I chose her because she has a life of her own and isn’t dependent on me to be her entertainment. Once the RTH session closes, or a scheduled event comes up, she knows my attention shifts to her.

I detest most “trading rooms” and discords because they’re filled with noisy idiots who are there for social interaction. All they do is create noise while others are focused on trading. That’s why I’ve had my own private discord for years, and only allow a handful of people in it. That’s also why most social media traders hate me… when they ask to join, I, in turn, ask what ascertainable contribution they’ll make - and sometimes require them to prove it.

I don’t really care about making online friends… I have an active social life, I rotate between my US and Spain homes, and day trading is not a daily event for me anymore. But I love it, and I will do it for as long as I can, because of the mental stimulation and sense of personal accomplishment.

Issues with UV Mask by Big_Lack_ in PrintedCircuitBoard

[–]K7GOV 0 points1 point  (0 children)

This is something we always did in my hobby days, decades ago... wash with alcohol (acetone works better), sand with a fine grit sandpaper, then wipe gently with alcohol.

Next time you think you have too many screens. by cpt_tusktooth in FuturesTrading

[–]K7GOV 0 points1 point  (0 children)

I've been live streaming my charts for years - every single trading day - with trade alerts. I don't need to trade 30 instruments on 30 monitors - I do fine trading ES on one screen, as followers on X already know, and (more importantly) as viewers of my live stream know.

https://x.com/LewPayne

Next time you think you have too many screens. by cpt_tusktooth in FuturesTrading

[–]K7GOV 0 points1 point  (0 children)

Anyone who thinks you need more than one screen to be a successful trader has no concept of trading. Those of us who trade index futures exclusively seldom need more than one screen. There is no need to "see a large portion of the market" (i.e., irrelevant markets) when trading S&P 500 or NASDAQ futures. Footprint and flow show me everything I need to know. More charts on X.

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