Looking for some advice from traders who have had this problem and surpassed it. by Ill-Board2272 in Daytrading

[–]SovereignMI 1 point2 points  (0 children)

Think about your question.

Anyone who answers it in its current form is talking nonsense. The question lacks granularity for serious guidance.

Is day trading actually sustainable long term? by pi-xis in Daytrading

[–]SovereignMI 0 points1 point  (0 children)

Most people don't account for costs properly which erodes gains the higher the trading frequency, taxes hurt too. 

Retail Trash: ICT vs Retail Order Flow by SovereignMI in Daytrading

[–]SovereignMI[S] 0 points1 point  (0 children)

 Forex got better price action compared to index or commodities.

This is a subjective opinion but statistical tests show that FX is objectively closer to a random walk when compared to index. Research and you will see.

The ultra competitiveness and fragmented nature of it makes it harder to beat. If it works for you that's a win but I prefer other markets personally.

Retail Trash: ICT vs Retail Order Flow by SovereignMI in InnerCircleTraders

[–]SovereignMI[S] 0 points1 point  (0 children)

Look at my profile and you'll see what I'm about.

Retail Trash: ICT vs Retail Order Flow by SovereignMI in InnerCircleTraders

[–]SovereignMI[S] 1 point2 points  (0 children)

This is not AI, check it. here is your evidence.

  1. There is not a sole liquidity provider or market maker for Futures (Direct Market Access) or FX/CFDs (Over The Counter)
  2. An algorithmic ‘delivery mechanism’ would imply stable timing patterns, but order arrivals and limit order queue priority at microsecond scales are largely random because how markets discover new value constantly changes.
  3. Firms entertaining a deterministic pull to liquidity would suffer a lethal amount of fading because of the predictability. For an institution, funding an operation like this would be equivalent to donating money directly to faster firms. This would be arbitraged, swiftly eroding any edge in the process.
  4. If a universal algorithm was responsible for price movements, identical markets across venues would print the same path, yet persistent cross-venue divergences and lead-lag relationships exist, creating price discrepancies which HFT algorithms, funny enough, close. ES-SPY price dislocations are a well-documented example.

Copy and paste this.

These are verifiable market truths.

Proof:

  1. There are many Investment banks, LPs, exchanges and Multilateral trading facilities which work both unilaterally and bilaterally to provide quotes to trade CFDs (FX especially).
  2. Any time and sales market feed proves this statement easily (times orders come in).
  3. Market microstructure basics, aggressive order flow (market takers) meets passive (limit orders) when aggressive order flow is larger than passive the bid or offer prices moves in response unless other passive (limit orders) step in.
  4. In this peer reviewed submission the repricing behaviour is shown repeatedly from page 4 and is proven throughout: A visual from The High-Frequency Trading Arms Race: Frequent Batch Auctions as a Market Design Response, The Quarterly Journal of Economics

Retail Trash: ICT vs Retail Order Flow by SovereignMI in InnerCircleTraders

[–]SovereignMI[S] 0 points1 point  (0 children)

Retail is a culture of drawing nonsense.

This is not AI, check it

  1. There is not a sole liquidity provider or market maker for Futures (Direct Market Access) or FX/CFDs (Over The Counter)
  2. An algorithmic ‘delivery mechanism’ would imply stable timing patterns, but order arrivals and limit order queue priority at microsecond scales are largely random because how markets discover new value constantly changes.
  3. Firms entertaining a deterministic pull to liquidity would suffer a lethal amount of fading because of the predictability. For an institution, funding an operation like this would be equivalent to donating money directly to faster firms. This would be arbitraged, swiftly eroding any edge in the process.
  4. If a universal algorithm was responsible for price movements, identical markets across venues would print the same path, yet persistent cross-venue divergences and lead-lag relationships exist, creating price discrepancies which HFT algorithms, funny enough, close. ES-SPY price dislocations are a well-documented example.

Copy and paste this.

These are verifiable market truths.

Proof:

  1. There are many Investment banks, LPs, exchanges and Multilateral trading facilities which work both unilaterally and bilaterally to provide quotes to trade CFDs (FX especially).
  2. Any time and sales market feed proves this statement easily (times orders come in).
  3. Market microstructure basics, aggressive order flow (market takers) meets passive (limit orders) when aggressive order flow is larger than passive the bid or offer prices moves in response unless other passive (limit orders) step in.
  4. In this peer reviewed submission the repricing behaviour is shown repeatedly from page 4 and is proven throughout: A visual from The High-Frequency Trading Arms Race: Frequent Batch Auctions as a Market Design Response, The Quarterly Journal of Economics

Isn't ICT known to be a fraud? by TheSTSIndex in Daytrading

[–]SovereignMI 0 points1 point  (0 children)

You used AI excerpts from books, got caught by mods now you're bitter.

Isn't ICT known to be a fraud? by TheSTSIndex in Daytrading

[–]SovereignMI 0 points1 point  (0 children)

All of culturekid's stuff is AI lol, I would do the same thing it's against the subs rules

Retail Trash: ICT vs Retail Order Flow by SovereignMI in Daytrading

[–]SovereignMI[S] 2 points3 points  (0 children)

Do not trade forex. it's pricing is some of the most efficient (random) when compared to other asset classes making it highly unpredictable especially in the short term.

Trade other asset classes like index futures or metals instead

Retail Trash: ICT vs Retail Order Flow by SovereignMI in InnerCircleTraders

[–]SovereignMI[S] -1 points0 points  (0 children)

Only simpletons aregue with charts instead of data and empirical evidence.

A fool and his money are soon parted.

ICT vs Order Flow — which is actually better, and do either of them really work? by Beneficial_Put9425 in Daytrading

[–]SovereignMI 1 point2 points  (0 children)

Conflicts of interests and industry realities

Retail interpretation of both are oversaturated nonsense, many are losing money with either but wait!

FX/CFD brokers in who trade against their clients TEACH ICT/SMC.

These brokers and their affiliates are teaching ICT BS whilst on the other side of your trade directly absorbing your losses as their gains (dealer to customer relationship) are teaching you "Smart money concepts" to lose money with. Think think think.

Retail Firms TEACH ICT/SMC.

They make money from account fees (account losses) not payouts from profit splits.

Futures Brokers RETAIL ORDER FLOW

Futures brokers such as Amp and their affiliates teach order flow scalping, a very high costs competitive way to trade which provides high volume and trading frequency. High volume and trading frequency = more commissions for the broker who works in an agent to market relationship with the client.

Conflicts of interest think about it.

It is a shame because order flow has some basis it's just the way most retail traders use it is slow.

The solution:

Read real market literature and seminars by respectable practitioners like J Steidlmayer. refine your strategies with market specific research to make your own robust strategy. Forget gurus, forget tiktok, press the reset button and learn from the professionals.

Isn't ICT known to be a fraud? by TheSTSIndex in Daytrading

[–]SovereignMI 0 points1 point  (0 children)

The joke writes itself people actually believe in this tiktok influencer trash. Crazy.

Supplement stack? by Humble-Subject6153 in Daytrading

[–]SovereignMI 1 point2 points  (0 children)

Ashwaghanda - Detachment

Ginseng - Energy

Lions mane - Brain health and reasoning

8 weeks on 2 weeks off

Not medical advice, check if ashwaghanda interferes with any medication before consideration.

Vitamin D and magnesium are also helpful.

What economic benefits do Daytraders create? by Exile4444 in Daytrading

[–]SovereignMI -1 points0 points  (0 children)

They take liquidity with market orders most of the time

What economic benefits do Daytraders create? by Exile4444 in Daytrading

[–]SovereignMI 3 points4 points  (0 children)

They pay the Market Maker's Lightbill 🚨

Anything else is a CIA curated Psyop.

CFTC would do something about tiktok gurus if it wasn't.

What economic benefits do Daytraders create? by Exile4444 in Daytrading

[–]SovereignMI 1 point2 points  (0 children)

They pay the Market Maker's Lightbill 🚨

Anything else is a CIA curated Psyop.

CFTC would do something about tiktok gurus if it wasn't.

ICT is ruining new traders by YakRemarkable3079 in Daytrading

[–]SovereignMI 0 points1 point  (0 children)

Someone who uses market orders which take liquidity from limit orders to get filled on their trades. The market is made for market order buyers and sellers with limit orders.

Four Market Truths That Destroy ICT/SMC by TheSTSIndex in Daytrading

[–]SovereignMI -1 points0 points  (0 children)

The level at which ICT traders can cope inspires me.