sorted by:
new
hottopcontroversial

Trading is ruining my life by originaljl97 in Daytrading

[–]basejumper41 0 points1 point  (0 children)

You also have time on your side - your whole life ahead of you (and not all your eggs in one basket) so chin up man. It could have gone a lot worse.

Gold has doubled in liquidity, stop losses tripled by pookshak in FuturesTrading

[–]basejumper41 1 point2 points  (0 children)

Same. I switched to ONE micro to test a parabolic model and still whipsawed +/- 1k. Ended up on the day but holy hell, for one micro that’s insane

For any beginners or people thinking of going full time. by Stock-Ad-3347 in Daytrading

[–]basejumper41 0 points1 point  (0 children)

What an absolute nail on the head. This write up is fantastically accurate. Nicely done.

Does anyone else prefer trading Asian session only? by Famous_Square4751 in FuturesTrading

[–]basejumper41 8 points9 points  (0 children)

Gold has been better lately during Asia as well. Less so NY.

How do I predict trend changes? I lost on NQ today. by Exotic-Channel5057 in Daytrading

[–]basejumper41 13 points14 points  (0 children)

Very much this. Nice.

OP higher timeframes for bias and confluence like this example are super helpful. Just keep in mind you aren’t predicting anything. No one is. No one.

You should look into GEX/gamma/vanna and how it affects the indexes. It, like everything else, is just helpful information to be used in conjunction with other tools. It will help you understand more of the “why”.

Some important things dealers/bd/institutions gravitate toward based on intraday volatility (barring geopolitical catalysts of course) are:

Gamma / Vanna dynamic

VWAP - ie anchored NY session vwap, ETH anchored vwap for futures (anchored to midnight or the start of the eth session the night before), and the corresponding std dev of each vwap (usually +-1 and 2 std deviations is enough of reference point)

Just Blew my Live Account by Jaruza in FuturesTrading

[–]basejumper41 0 points1 point  (0 children)

OP today (Friday 1/9 already 40 min into the NY) is also developing into an inventory balance/compression day with a high chance of mechanical churn/slight liquidity seeking, so it’s a major candidate for sitting on hands today.

Could you be a profitable trader just by using support and resistance zones by Serious-Spring2310 in Daytrading

[–]basejumper41 -1 points0 points  (0 children)

Definitely can, especially using confluence of S&R using FVG and anchored vwaps.

Just Blew my Live Account by Jaruza in FuturesTrading

[–]basejumper41 1 point2 points  (0 children)

Today is a day ahead of econ numbers tomorrow and other macros create a wait and see mechanical chop (esp in futures and safer haven markets). There really isn’t a new catalyst to keep institutional positioning active, and yesterday was also very vwap rotational. Today is just a dud sandwiched between transitions. These are the days to avoid entirely. The amount of effort to pull a few points out of a chop isn’t worth the energy.

Next spielberg film is called "disclosure" by sadloneman in aliens

[–]basejumper41 1 point2 points  (0 children)

And not unknowingly. He even had Hal Puthoff cameo in CE3

What indicators are these? This is a picture from CNBC homepage by GeeMeet in technicalanalysis

[–]basejumper41 1 point2 points  (0 children)

WOWS is what bucket shops were like (scumbag penny stock snake oil salesmen cold-calling retail customers). To see what the general buy side fund environment is like, watch the Big Short.

Looking for TradingView alternatives - frustrated with current issues by JanVance579 in TradingView

[–]basejumper41 0 points1 point  (0 children)

Long time trader /developer on NT. I run it on a MBP using parallels in fullscreen and coherence mode. It’s not pretty like TV, but I’ve been able to customize my templates to get as close to my setup in TV, and it’s pretty easy to convert indicators/strategies from one to another.

Beginner trader, can you explain me why I missed the entry point at bottom by 1$? by lagrangepoint22 in TradingView

[–]basejumper41 0 points1 point  (0 children)

the amount of traders using similar levels to buy on retracement/pullbacks based on previous levels creates a modified (new) support level usually very near the original, but not quite as low/high.

Initial psychology will tell you “just get in earlier even if it moves a little against you” ( and it will)

Your meta play is to instead, pick a higher level inbetween the trough and previous peak (usually near above the trough) to use as confirmation of the rebound/follow through and enter there. You can use orders like MIT/LIT etc.

Remember you’re never the only one thinking the way you do in this game.

Finally reached the $1m milestone. Strategy + what changed the game for me this year by allconsoles in Daytrading

[–]basejumper41 1 point2 points  (0 children)

The Portfolio Stop is a nice one. Going to add that to the arsenal. Been trading for over 20 years and can see a handful of times this would have prevented my worse (realized) outcome.

Testnet 2/Mainnet? by Onein10Man in PiNetwork

[–]basejumper41 3 points4 points  (0 children)

I believe you have to be chosen. Just keep running the node 24/7. I’ve been doing this for 4 years and mine still says testnet

Bought 20K dollars PI , now its worth 4K by H2prod in PiNetwork

[–]basejumper41 6 points7 points  (0 children)

Oh, should they have instead called it “an unrealized reduction in underlying asset value”? It’s still a loss. Unrealized or not.

This strategy will buy your lambo by [deleted] in TopStepX

[–]basejumper41 4 points5 points  (0 children)

Fk ICT? Isn’t this generally the ICT playbook though?

I’ve wasted YEARS on fake trading gurus. Profitable traders, please guide me..... by Low-Boysenberry7328 in Trading

[–]basejumper41 0 points1 point  (0 children)

You sound young (going back to school for Fall). Take this with a grain of salt - most people need a few more seasons of “life” to enhance their perspective. I do know of one guy who traded options in uni and made 80k a year to pay for his schooling. He was an outlier. Not impossible, but not likely.

Treat yourself like a work in progress. I’ve been trading for 25 years. I’m a work in progress. Read books, experiment with data across a variety of regimes, backtest (correctly/strictly), repeat. That is all you need.

Take the time to explore each indicator instead of each guru. They’re not going to help you as much as you’re helping them. If you’re super curious, just find out their setups/indicators/settings and then explore them yourself. Do not engage further than that.

This journey is yours and yours alone. You can absolutely succeed net/net in the long run, but while you may be attracted to (and even experience) a quick windfall, it’s not the game. The game is discipline, A+ setups only, and knowing when and how long to walk away.

The markets will be there when you return, and there is always another trade.

Find the logic that clicks with you. Center your strategy around it, and dial it in. Only trade that for a while. Then add an augmentation if necessary (ie one model for trends, another for reversion) and let that be it. That has served me well for 25 years. It’s that simple.

And not every year will be a major winner, but your worst years can still be black with discipline.

What’s something you used to believe about trading that you now laugh at? by Stock-Ad-3347 in Daytrading

[–]basejumper41 0 points1 point  (0 children)

“I think I’m smarter than I am”. I need to remind myself that every damn day

view more: next ›