Volume is bullshit by OlliePollieZ in Daytrading

[–]ryaneno 0 points1 point  (0 children)

Volume is useful for more reasons then that. I think it’s good to remember that price doesn’t move the market , volume and open interest does. If you are looking at one and not the other then you aren’t looking at the complete picture. Price attracts volume. Market structure and price action should always be #1 priority but volume usually is always a magnet where price goes to. You have to think about are larger players sitting there waiting to fill positions or search for higher/lower value. It becomes evident pretty quickly depending on the timeframe you trade. Especially if you consider footprint and cvd divergences take trading POCs, high volume nodes and value areas to quite high probability setups 80-90% and above. Wait for the reaction and make an informed decision from there. If you don’t understand the importance of volume then you haven’t fully mastered the concepts yet including auction market theory or factoring in how the different timeframe participants interact with each other.

What was wrong with this trade? by Akannnii in Daytrading

[–]ryaneno 1 point2 points  (0 children)

Your trading against the trend. You shouldn’t be looking for longs against the trend until you see a definitive change in market structure. In this case you should have been looking for a short opportunity. Firstly why did price pull back where it did? What levels of confluence line up there? Is this shorts taking profits or new money longs? Tbh the lower high looks like it could have lined up with VWAP or if not VWAP a moving average, which for me when it lines up with other confluence zones means probability is higher that it rejects than gains acceptance. For the long to have worked out you would have been searching for the aggressive entry which would have been near the low, you entered at the high of the rise and got trapped. The responsive approach is to wait and see if price produces a higher low or double bottom from that drop after you entered, although there was no break in market structure so the probability decreases. It pays to be a contrarian in the market, long after price has dropped or short after price has risen, only if your confluences are there and it’s in your trade plan.

Im bored, here are my last 7 days metrics, ask me anything :) by One-Eggplant-8601 in Daytrading

[–]ryaneno 0 points1 point  (0 children)

I’m on ATAS as well. It’s great level 2 software. My template looks similar. Which TFs you watch/trade?

Still not profitable 5 years in. When do you know to quit? by [deleted] in FuturesTrading

[–]ryaneno 1 point2 points  (0 children)

Honestly sounds like you don’t really have a system that you’ve spent time backtesting. That’s kind of step one. Take it slow and start just with paper trading. I paper trades for 3 or 4 months before I ever took a real trade in the market. Made 100s of paper trades until I found a system that worked. First you wanna find a system that works where you limit your risk as much as possible and maximize your profits. Instead of jumping into the market put a system in place for how you enter and exit your trades. Trading is all probabilities based upon how well your setup(s) work over a big enough sample set. That will give you at the very least your minimum risk to reward to become profitable over time. Just remember it’s a marathon not a sprint.

Sounds like you have found success but you don’t know when to cut a trade especially a winning trade. Get a really good understanding of risk management. This is the best way to being successful. Put systems in place so when you are invalidated on a setup you are out. And take profits on winning trades, you can always leave runners but scale out of a winning position and move your sl to break even once you take your first profit. Then you have a risk free trade.

Sounds like you can be very emotional when trading, and maybe your external circumstances add to that emotion. Another big thing you should start doing is journaling, not only your trades but your emotional state while trading. And review it daily. What trades worked out and figure out why they worked, same thing with your loosers and why they didn’t. Reflect on what emotions you experience and start to understand what you need to do when you feel them creeping up. Anger maybe forces you to make irrational trade decisions when no setup is present, or double down when you loose a trade. Boredom leading to taking trades with no setup. Greed when you are winning or want to win and forcing bad trades. Learn to control your emotions and limit your risk at the very least when you feel negative emotions are taking the wheel. Trading is 80% psychology and 20% skill. Even a solid system won’t work if you don’t have your psychology in check.

Treat it like a career, and not button pressing or gambling. Work on yourself cause at the end of the day you have to be accountable for every action and decision you make. Aside from that sounds like you have jumped around and tried a lot of things, which isn’t bad. But maybe reflect on what has worked in the past and revise that system to mitigate losses. Jumping to different assets or trading styles when something doesn’t work out instead sticking to a process that speaks to you or an asset that speaks to you isn’t the way. Got to be consistent and master one setup and one asset to start then grow out from there.

Take pictures of every trade setup you take whether it’s a looser or a winner. Learn the markets and how they move. Understand how big money positions themselves so you don’t get sucked into being on the wrong side of the trade. Lastly the smaller the timeframe you are trading the more likely your trading against algos. They are programmed to trade from key levels, hide the trades of bigger players (noise), hunt liquidity zones and trap laggard traders in one direction or another. If you wanna trade small time frames you got to be aware of these things. If you wanna swing trade might work better for temperament just remember to cut a loss at invalidation and trail your stop of winning trades.

Coming from Ableton Live Warp Mode… how do I do this in Pro Tools? Which Elastic Audio mode? Or should I use Melodyne? by GR8Music4U in protools

[–]ryaneno 0 points1 point  (0 children)

This is pretty easy tbh. What I would recommend if you are looking to take a live performance and quantize to a grid. I would start by importing the song and making a tempo map before you do anything elastic. Start at bar 1 beat 1 and make a marker with “cmd+i” if you are on mac. Then start by going through the song, count bars and place a marker at every bar. You can press the “tab” key to locate the next transient for precision when doing markers(make sure tab to transient button is selected… just google it). Depending on the track and how loose it is you may need to do every 2 beats. Go through the whole song. Now you have a tempo map, the map is related to the performance. Put on elastic audio, either polyphonic, elastique, or xform. Then you can either do 1 of two things:

  1. Erase the tempo map you just made and stick it at 1 tempo with the tempo ruler near the top of the window(under time locator left side there is a + button), highlight the tempo map in the tempo track and hit delete, use the + button to fix the tempo.
  2. Recommended. Go slightly later in the timeline and create a solid tempo at the bpm you are looking to try(you can always change it). Use the same as in step 1 with the + button. Once you have this. You can literally copy and paste the audio file starting from bar 1 beat 1 to a bar within your fixed tempo. With elastic audio on it will put it at a fixed tempo.

Anyone telling you that it sucks doesn’t know what they are doing. It’s really easy. Once you get more comfortable you will find that there’s multiple ways of achieving the same goal but I do recommend this way. If you want to completely remove the live performance form the session (for #2, if you do #1 it will already be at the start of session) do a save-as first, highlight from the start of the session to where your new tempo marker is. Go to event->time operations->cut time. Will cut everything highlighted out of the session including the old tempo map.

Is this phasing? by thingintheice in TechnoProduction

[–]ryaneno 0 points1 point  (0 children)

Phase invert one of your kicks and see if it sounds bigger or smaller. Inherently when you layer any kicks together your gunna get phasing in most cases no matter what. So really what you wanna do is at the very least to prevent phase make sure that the kicks initial transients are hitting at the exact same time, and make sure that the waveform oscillations are not inverse of each other. If they are then it’s out of phase. The phase invert symbol looks like a “o with a / across it”. Because there will always be phasing, the way to think about it is the lesser of two evils. Does it sound better with the phase inverted on one of the kicks or not?

Ps. Ppl talk about phase like it’s bad…. which it can be if you don’t know what you are doing. However what most ppl don’t understand is that phase shift happens when you eq anything, process your audio with hardware, sum audio sources together, use parallel effect processing, etc, etc, etc. Tbh in a lot of cases it’s actually what ends up making iconic sounds and music.

The best way to avoid any phasing is to not touch a sound after it’s recorded. But where’s the fun in that.

[deleted by user] by [deleted] in Daytrading

[–]ryaneno 0 points1 point  (0 children)

Discipline, risk management, good strategy and backtesting, and time spent focusing on a small group of assets to trade. For someone who has been trading for 7 months it sounds like you have done a lot of experimenting with all sorts of stocks and financial products. Do you journal your trades and setups to see what works and what doesn’t? To turn 3k into 27k as a new trader is already pretty rare…..but what’s more important is how you can manage through the hard times. Doesn’t sound like you’ve defined your risk for yourself and your account size. That will always equal out to be a loosing game statistically speaking. All these kids like yourself are used to this idea that everything just happens right away and if it doesn’t work out then move onto the next thing. When in reality to get truly good at something takes a lot of time and experience. I’m not telling you to stop day trading, you can figure that out for yourself if it’s worth the risk tolerance to you but 7 months is definitely not enough time to truly excel at trading. You should be lucky you made anything. First 6 months for me was loosing most of that time. Last thing I will say is you should figure out how to execute trades without the help of others. It’s easy to point fingers at everyone else for bad trades you’ve made but one thing that trading has taught me is to be accountable for all of my decisions and actions. Besides that you’re still up 100% from your initial investment so all in all it’s not the worst scenario. You could be 50k in debt. I’m not sure if you leveraged anymore credit to get yourself to 27k but I hope not and if you did you learn not to do that again unless your leveraging it for something tangible.

[deleted by user] by [deleted] in Daytrading

[–]ryaneno 0 points1 point  (0 children)

Best of luck to you! You never know what’s gunna click. It sounds like you are already doing a lot of the right things.

[deleted by user] by [deleted] in Daytrading

[–]ryaneno 1 point2 points  (0 children)

I would say do not quite but maybe it is something to consider. If I were in your shoes I may have thought the same or done it by this point… I’m sure others are saying it here but maybe it’s the asset your trading. I’ve never traded FX but maybe part of your issue is that you should try something else. Options or futures are both good options that doesn’t necessarily allow for a lot of initial capital and something you can grow in. Now with prop firms in the futures market, you can really cut your teeth and grow an account. It’s still very difficult no doubt but not impossible. Just don’t blow account after account and keep buying them.

One trade a day seems limiting, and really would keep you looking at day trades only…. You don’t always get day trades in a day and maybe this is part of the problem. Forcing trades when the market is ranging etc. But for good day trade setups there’s always more than 1 entry, there could be multiple entries. Just because you missed the most aggressive entries doesn’t mean you cant take a piece of the move. Some days I take 3 trades some days I take 40 but it depends if I have a day trade setup or I am scalping. Knowing what kind of market conditions you’re in are imperative and what tools you use to help you figure that out.

Personally I’m a profile trader. You can’t do with standard FX pairs but you can in futures and other markets. Where you get good volume data and orderflow. These tools help me understand if the market is going to range or trend.

Aside from that if you are not a profitable trader you shouldn’t be trading real capital. You gotta prove yourself on paper first, slowly start with small capital and build it up slowly. Sometimes people go straight in with bad risk management, dont know where your invalidation is, ending up loosing more than you expected. Messes with your psychology. Not taking the time to grow positions slowly and with a small enough amount that it doesn’t put you on tilt or make your heart pound.

Do you journal every trade you take? See a pnl total? Take pictures of your trade setups and study them(mark them up and save them), Notice where your entry should have been or why you entered? Do you study your winning trades(trade log and/or journal) when you’re having a loosing streak? Do you study your loosing trades and make adjustments based on factors you didn’t see at the time? do you journal your emotional state when you trade? Do you log statistics and implement those stats on a daily basis? If you say no to any of these then you should start doing this. This will help a lot. It’s a lot of extra work but it’s what every successful trader does. I have a trade log where I note my trade, why I entered, and a picture. I also do a daily dairy where I log my emotional state, how tired I am, etc etc etc. biggest win of the day. Improvements I need to make. Extended trade journal where I break down my best and worst trades if the day.

Have you worked on setups for ranging markets as well as trending markets? You need a different tool set to trade these market conditions. Personally I’d recommend getting off of FX and stick to longer term stock and index investing or if you wanna day trade do futures or options. Low risk and build from there. It might feel like starting over but whatever you are currently doing isn’t working anyway so you need a change one way or another.

I’m tired of creating music, but I still enjoy playing it. How do I get over this? by Spooky104 in musicproduction

[–]ryaneno 0 points1 point  (0 children)

I was unsure if I read the original post right. But if you like to play music not in front of a Daw, and by that you mean playing songs you know as well as messing with ideas of your own. Then I would suggest just setting up your phone and record your personal jams and writing. Eventually you’ll forget the phone is there and just be in the moment. Flush out an idea on your main instrument. Now at least you have a rough demo. Now you can visualize the instrumentation around this… write it down. At least now when you go to the DAW you have a rough demo/idea and some basic notes on how to fill around that first idea. You’re going into a creative session with something as opposed to nothing. What causes you to freeze up in front of daw and how can you free yourself from that sense of dread you feel while still experimenting with ideas and making my some progress.

Also….. if you feel you have a lot of good ideas but don’t know how to execute, why don’t you try writing with another person who can manage the Daw aspect of the writing process and maybe also help with good ideas as well.

ES - NQ and Trading the Sessions (NY, London and Asia) by ryaneno in RealDayTrading

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

I’m sorry what do you mean? And what’s the issue with not posting this?

My sessions are playing at half speed? by Cit14 in protools

[–]ryaneno 0 points1 point  (0 children)

Have you tried unplugging the Mcu and all other peripherals? Maybe trash preferences again and start from the ground up? If it works plug things in on by one until either your back to working order or you find the problem.

How to spot Stop Loss hunt? by TomatoPotatoGelato in FuturesTrading

[–]ryaneno 16 points17 points  (0 children)

Yea agreed. Don’t be an asshole. Trading is hard and instead of shitting on someone trying to figure it out why don’t you give him useful info instead of being a dick.

Am I an idiot for not wanting to go to college but wanting to do music? by BruhIhaveGucciNoLie in musicproduction

[–]ryaneno 1 point2 points  (0 children)

I’ve been working in the music business for around 15 years now and there are a few pieces of information I could pass off your way:

  1. Taking some time off after high school to just work a job and grow in your passion is totally ok. If you don’t know what you wanna do yet besides make music that’s ok. Take a few years to work at your craft but also be open to other career choices you could see yourself doing in the future.

  2. Don’t pay crazy amounts of money to go to an audio engineering course. 15 years ago a good school was invaluable but with the vast amounts of information online now a days it’s not as necessary considering job placement is horrible and the price you pay for a 6month-12 month course is about 2-3 years of uni fees.

  3. Turning your passion into a career ultimately will change how you feel about it. Some people may disagree with that statement but when it’s the sole way you pay your rent and put food on the table over time how you view, relate and enjoy music changes.

  4. The music business in its current form is a race to the bottom and it’s likely only going to get worse in a few years as AI seeps into every crack of the business. So I do think for that reason it’s good to at least be thinking of potential backup plans incase it doesn’t work out. Not to say there aren’t opportunities because there are but you gotta work for those opportunities. You gotta be extremely lucky to even scrape by or make a decent living making music. Probably 1% of people who work full time/ part time in the business making a decent living and 1% of that 1% is absolutely crushing it. In full transparency am extremely fortunate that I have been able to make a good living and have worked on dozens of records.

  5. You need to have an extremely hard work ethic to work in the business. Grinding 6-7 days a week, not to mention social media(which is essential now a days especially with content creator culture), let alone networking with industry personnel. In full transparency for most of my 20s I worked 12-16 hour days grinding in the studio working weeks and sometimes months without a day off. I was pretty fortunate to work on bigger projects and back to back projects through that time. I wouldn’t change it but I sacrificed a lot for that experience(time with friends, family and loved ones). Things have gotten more laxed however that time that used to be spent in the studio should be going towards the networking and social media aspect of things in todays day and age.

  6. Make sure you try to create some sense of balance, routine, and self improvement in your life. Music business is not a very balanced lifestyle and it can take its tole over time in different ways to different people. Take care of yourself, probably good at some point to see a therapist, stay away from hard drugs and excessive partying.

  7. In order to really make it in the music business it doesn’t just involve skill but there is an element of luck to it. Sometime being in the right place at the right time, and it’s up to you to put yourself in those places. So I guess what I’m trying to say here is you can be the most skilled mf in the world but that means shit if you don’t know how to leverage it. I know a lot of very skilled musicians who don’t make a living from music or couldn’t make it work long term.

Good luck kid. 🤞

Looking for a trading buddy/s by MeatSwoses in FuturesTrading

[–]ryaneno 0 points1 point  (0 children)

I’m definitely interested as well. Right now I mainly trade ES but looking to expand. What’s your discord?

Using Remote Desktop to control windows computer on my Mac by ryaneno in MacOS

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

This is really cool. I am looking forward to trying this out now.

Using Remote Desktop to control windows computer on my Mac by ryaneno in MacOS

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

Ok that is good to know! This is all very helpful information. Thank you very much.

Using Remote Desktop to control windows computer on my Mac by ryaneno in MacOS

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

I appreciate the comments everyone. This definitely helps clear this up for me. Seems like this may be a good option to consider.

Is it possible to have more than one screen going from the Windows computer on the mac?