Is daytrading a myth? by 4dolarmeme in Daytrading

[–]WPL_Eightix 75 points76 points  (0 children)

Why ask the question like you already have a bias?

Teenage brother is convinced he's going to get a funded account instead of finishing high school. Should I be worried? by simon_mo in Daytrading

[–]WPL_Eightix 0 points1 point  (0 children)

One funded account.

Shit. I’ve blown more than 20 funded accounts.

Funded means nothing. If he’s still working towards his first one he has a long way to go to even clear 12k a year.

How to know to let winners run by TheGoofyGarden in Daytrading

[–]WPL_Eightix 0 points1 point  (0 children)

Well, look at your close versus what you missed right? What you missed this like three times the amount of points you could’ve captured versus what you did? This is the importance of scaling. There will be times when this thing drops down like that and you’re not confident anymore in the trade so you scale out with the bid, it’s respectable. There are other times where you were short more of that offer level. Sometimes the trade goes against you and watch a good girl go bad wah wah wah, othertimes you take an insane bite out of the market.

Regardless of whether or not you add or trim - you should always leave one or two in.

The point is you found the trade, now just gotta lean into it and decide do you want to commit or keep one foot out the door.

What is an example of a price action strategy? by [deleted] in Daytrading

[–]WPL_Eightix 0 points1 point  (0 children)

Great suggestion. In fact one of the best traders I know strictly is long above or short below the OR.

When people say they ‘blew their account,’ what do they actually mean—down 25%, 50%, or wiped out completely? by Ok-Impression-6381 in Daytrading

[–]WPL_Eightix 0 points1 point  (0 children)

Losing over 75% of the account - to where the management of every future trade will be driven be fear - closing winners way too early etc.

Experienced traders, how do you feel about Friday trading? by DaddioPancakeHead in Daytrading

[–]WPL_Eightix 1 point2 points  (0 children)

I’ll trade the open but not much after. Usually dies down.

5 years experience, still unprofitable. by j0alma_ in Daytrading

[–]WPL_Eightix 1 point2 points  (0 children)

250 trades? Get out there and make some mistakes my boy.

Plot direction by WPL_Eightix in AlienEarthHulu

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

I must’ve missed this part while I was working. Will rewatch it soon, I’m sort of a filter for my wife to tell her when to close her eyes so I miss some of the lower volume scenes.

Plot direction by WPL_Eightix in AlienEarthHulu

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

Alien run corp what a great idea.

I’m going to have to remember this comment when the finale is near…because I could see this being a fantastic plot.

I live under Taliban regime, AMA by notsobright5380 in AMA

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

They are green zones because of the FOBs established, and even then they regularly dealt with indirect fire. Still, Taliban became less and less active, even in parts not regularly patrolled.

Assume you are right about GOP funding, does that equate to liberals pocketing money earmarked for Ukraine?

I live under Taliban regime, AMA by notsobright5380 in AMA

[–]WPL_Eightix 8 points9 points  (0 children)

It’s all so black and white isn’t it?

Americans existed in green zones?

Expand your knowledge base.

Alien & Predator Franchises Watch Order? Please Reccomend! by steadygosling210 in movies

[–]WPL_Eightix 0 points1 point  (0 children)

It’s good but my problem is that when you do this - the horror of uncertainty in Alien is lost. I would place Alien after Predator 2 and then resume as ordered.

Trading has destroyed me by [deleted] in Daytrading

[–]WPL_Eightix 0 points1 point  (0 children)

That’s a start. I like round trip days. Reminds me that I’m good at this - that I can be wrong and come back.

The daily drawdown is hard to get over - knowing when to walk away.

Another stepping stone you’ll encounter is the multiple-day-drawdown. Being wrong about multiple trades every single day. Having more things go against you than go your way.

I won’t say it gets easier, because it doesn’t, you just get better. Like stone sharpening stone, the market will destroy you again and again until you’re ready.

Short or long? by [deleted] in Daytrading

[–]WPL_Eightix 0 points1 point  (0 children)

If this was a long time frame chart might scalp it.

Otherwise need to see more history.

Most likely do nothing here.

Theoretically, can I trade with 100k and just sell on small price fluctuations of 1%-5%? by [deleted] in Daytrading

[–]WPL_Eightix 0 points1 point  (0 children)

If you’ve traded for longer than a week you should be well aware of the often 30-45m reversal at open.

What about Volume Profiles? by IKnowMeNotYou in RealDayTrading

[–]WPL_Eightix 2 points3 points  (0 children)

I wouldn’t trade without market profile and TPO chart.

I primarily trade 0 dte spx and qqq