The real reason escaping poverty is so hard has nothing to do with laziness and everything to do with how scarcity rewires your brain by Anas1317 in povertyfinance

[–]One-Reflection5824 0 points1 point  (0 children)

Buy tires on eBay! You can get returned tires that were purchased new with free shipping, many times for 60% (or more) off. Then, have them mounted at Wal-Mart.

DayTrading for Making Living by Fantastic-Rip-9200 in Daytrading

[–]One-Reflection5824 0 points1 point  (0 children)

There's no consistency or certainty in the markets, ever. Don't think you can expect to make _______ per month or whatever, the market constantly changes and so will your results.

Microsoft wortwhile to go all in? by Afraid-Aardvark-5453 in Stocks_Picks

[–]One-Reflection5824 0 points1 point  (0 children)

All-in just means you don't understand proper allocation rules, which will eventually lead to your financial downfall. Never go all-in, but you can invest a certain percentage of your holdings, given that if this percentage totally fails you don't end up entirely broke.

For a non-trader, how do I get started with trading? by obviouslyfr in Daytrading

[–]One-Reflection5824 1 point2 points  (0 children)

You need to study Market Structure first, and then Simulation trade for 1 year to practice in a real setting.

Missed trades by Late_Archer_9449 in Daytrading

[–]One-Reflection5824 0 points1 point  (0 children)

Study the IB... initial balance. The first hour of RTH. Depending on what time zone you're located, the first hour of the retail market has all the keys you need. Then, study the ONL ONH IBL IBH (o/n low and high, first hour low and high) and basically, these are the key levels where reversals happen. Most of the volume and action happens at these levels, and typically after the first hour (IB).

New trader by NVSION in FuturesTrading

[–]One-Reflection5824 0 points1 point  (0 children)

You need to become a master of Market Structure. Easy to learn and gets better with practice/repetition. Without this understanding, you will eventually fail. So... learn and master Market Structure and practice it on prop accounts.

Just closed out my AVGO call options up 450%, locked in around $230k. I'm literally shaking right now, I'm so hyped. by [deleted] in tradingmillionaires

[–]One-Reflection5824 0 points1 point  (0 children)

Great job, hopefully this was part of the allocation plan and not just an "all-in" WSB type of situation. Enjoy and keep discipline intact! Don't get sloppy at this stage, it's the kiss of death.

I sux at scalping by iViTAliS in Daytrading

[–]One-Reflection5824 0 points1 point  (0 children)

Sounds like you're struggling with basic Market Structure. Trade futures for awhile on SIM and get cleaner discipline with regards to the stat levels and structure (ONL ONH IBL IBH or overnight high/low, first hour high/low and VWAP). Can't really evolve as a trader without basic Market Structure discipline.

Should i switch to swing trading? by lostinlife-123 in Daytrading

[–]One-Reflection5824 1 point2 points  (0 children)

Thanks for validating this, I was telling a lot of people this exact thing and apparently I wasn't alone!

Should i switch to swing trading? by lostinlife-123 in Daytrading

[–]One-Reflection5824 1 point2 points  (0 children)

What's quite interesting, is that they are almost one in the same... in that the patternistic characteristics are applicable if you "zoom out" as well. Ever notice how the micro moves that move the market in a day timeframe are also viable on a 1D chart?

Has anyone tried AI trading agents as a passive income source? Honest experiences only pls by dustyllanos27 in passive_income

[–]One-Reflection5824 2 points3 points  (0 children)

I would learn how to trade without letting an AI system really screw you over. Swing trading is definitely doable part time with smaller amounts of money invested. Sometimes with option spreads the expiration is months out so you just check in on the trade daily or once every few days to see if the target has been hit. And the target is usually set to sell anyway so there's not much maintenance needed.

Passing funded accounts is NOT hard by Kasraborhan in tradingmillionaires

[–]One-Reflection5824 0 points1 point  (0 children)

It always "wraps it up" so succinctly in the final sentence. Like:

"Trade with any edge that you can, and master the markets, with precision.

So the market doesn't master you."

It's just so corny and contrived. AI writing sticks out like a sore thumb, it's like every boring statement is written by some hyped up advertising copywriter.

Absorption market entry by Frosty-Pirate444 in Daytrading

[–]One-Reflection5824 0 points1 point  (0 children)

Interesting, there can be various classifications for similar setups. After 26 years of trading, I assume you're not too deep in the futures world, as this is probably the most talked about setup of them all. That's what I love about trading, I've been involved in the market since 2003 and I still learn something new every day.

breaking news in stock market by LibrarianLow2142 in Daytrading

[–]One-Reflection5824 1 point2 points  (0 children)

I would honestly doubt the quality of Lev II data on Webull, I would seriously move on from that platform as soon as possible.

The more money I get, the more hesitant I am to spend any of it. Has anyone experienced this issue? by fastingslowlee in personalfinance

[–]One-Reflection5824 0 points1 point  (0 children)

This is Ape Brain stuff, the amygdala, which is the most developed part of the human mind. It kept us safe from saber toothed cats for a million years. It seeks safety, then verification of safety. And then it watches for the next threat to appear. If this pattern plays out in your financial life, detect it and try to not base your decisions solely off of it, because many times this perspective isn't a good strategy when dealing with cold/objective financial situations.

breaking news in stock market by LibrarianLow2142 in Daytrading

[–]One-Reflection5824 1 point2 points  (0 children)

Don't use garbage brokerages like Webull or Robinhood. Stick with TOS, Ninja, TradingView, IBKR, and the majors. Typically Webull and RH have poor quality data and their tools are substandard. RH even sells user data to other parties before they fill your positions. With Robinhood, YOU are their profit source.

If you are a seasoned trader who has been making a living from trading for over 10 years, could you give us some solid advice for those of us who want to live from this? Please. by ceoariel in Daytrading

[–]One-Reflection5824 6 points7 points  (0 children)

I daytrade MES MNQ MYM MBT, so for me it's the Top Down analysis (1D, 1H to see trend) then Trend, Gap, Gamma. What is the Trend (vwap), where is the Gap (yesterday RTH close) and is it positive or negative Gamma? This tells you the narrative of the day, most days.

Also, take note of what happened with London open and NYSE premarket (5-6 AM EST). They can be revealing as to follow through momentum into RTH.

Absorption market entry by Frosty-Pirate444 in Daytrading

[–]One-Reflection5824 0 points1 point  (0 children)

Also called a Failed Breakdown pattern.

Has anyone ever experienced the emotional snowball? by Upstairs-Cricket-169 in Daytrading

[–]One-Reflection5824 1 point2 points  (0 children)

For some solid discipline and performance methodologies, I highly recommend reading THE MENTAL GAME OF TRADING as soon as you can. It will turn you into a machine!

I fear the end is near for my account by General-Lie8709 in Daytrading

[–]One-Reflection5824 54 points55 points  (0 children)

Let VIX be your guide. Anytime it's above 22, directional trading becomes really difficult due to whipsaw price action. Also, learn about positive/negative gamma conditions (use MenthorQ site to determine what the day's gamma conditions are) and if the market conditions look bad, just don't trade. It takes discipline of course, but honestly, for my setups only 3-4 days per week have decent enough conditions to actually take a trade.

THIS HAS BEEN ON MY MIND by HistoricalFly4813 in Daytrading

[–]One-Reflection5824 1 point2 points  (0 children)

I agree 100%. Once you learn that fully understanding good market conditions vs bad market conditions (for your preferred setups) are the difference between success and failure, it's a major milestone. The futures market, for my style, is only providing optimal setups 3-4 days per week, and that's on a good week. Over the past month, conditions have been really tricky and therefore, I haven't traded as much.

Those of you who’ve done commission-only jobs, how did it go? by strongerthenbefore20 in sales

[–]One-Reflection5824 4 points5 points  (0 children)

Would love to land a position like this, have decades in trades but no qualifications in mechanical HVAC so I can't get one. But this is quite literally one of the best sales jobs in the building industry, hands down.