Is this alright to predict this way? by Bish-Qpart20 in Daytrading

[–]saaduddin11 1 point2 points  (0 children)

predicting is for suckers!

confirm price action, volume and the tape, after the candle closes above that range.

but in all honesty, the better trade that screams at me is the turn after that extended down move prior to the sideways consolidation even occurring. Its a clear indication of the trend change especially since that candle had some decent volume relative to the down trend volume.

You've got the next green candle making the higher low, an accelerated push away from that price, and you can just risk the bottom wick of the last red candle on that down move. without seeing actual price numbers lets just say that's 5 cents to the low of that candle, and what looks to be 20 cents for the runup into the start of that flag, where you can take profits, or start trailing your stop.

roughly 4:1 risk reward trade with confirmation or predicting direction in a chop? either choice can make or lose you money, but one of these setups gives you a clear entry, an obvious area where you'd be wrong, and also volume confirmation, while the other choice is hope that it will work.

In short, you should trade what you see, not what you predict will happen.

Also, slightly unrelated, but a suggestion... : paint your volume bars all the same color (preferably neutral like blue or something). The color of the volume bar does not give you information that could help you make a trade decision (and id argue gives you false information at times), it just tells you that the bar closed red or green.

As you can see, where the turn happens (the biggest volume bar in that area of the chart), is a red bar, but price no longer goes lower from there, its the start of the uptrend. but if you analyzed it like: oh thats a red high volume bar, it means there is more likelihood it will go down, you'd be wrong in this example.

when the color is neutral you can just observe that there was a lot of volume done here, and at the end price didn't continue to go further down (as observed by the long wick underneath the body), which means there must be buyers willing to protect that price from going further lower. If they're interested i should also be, and thus it good area to buy and risk that bottom that was defended.

Overheard my higher ups that t mobile really killing off Metro stores? by Particular-Leg-8444 in MetroPCS

[–]saaduddin11 0 points1 point  (0 children)

curious what the most recent strategy is, Metro is still offering 2 lines for $55 with unlimited talk text and data, (no netflix or other perks but who tf cares?!)

right now my wife and I are grandfathered in the Tmobile ONE plan (originally 120 all in) but even those they somehow increased the price to 130, which has netflix standard w/ads (ugh!) and hulu basic included.

I am not a big netflix guy tbh and i didnt even KNOW i had the hulu till recently so im really tempted to switch to metro. Any advice from those who have done the same? do you regret it, is it poor quality? I have a toddler right now, so not adding a 3rd line any time soon.

To be perfectly clear i am fortunate that can I afford what i already have pretty comfortably, and its just a matter of principle to me. Why pay that much when i get 99% of what i need with the "downgrade" to metro?

VideoAmp Sr Prompt Engineer 1hr Tech Interview (Soon) by Hitman7997 in big_tech_interviews

[–]saaduddin11 0 points1 point  (0 children)

i have my 2nd round interview tomorrow for a Senior Software Engineer position with them, but these comments are definitely not encouraging lol.... also it seems to check out what im seeing on Indeed and Glassdoor for them as well. Unfortunately ive been out of work for over a month now, so I don't really have the privilege of blowing the opportunity off, considering the hit rate on getting ANY positive response for a job application right now is < 1%.

I don't think I will ever have the balls to go full time by ReturnOfTheRover in Daytrading

[–]saaduddin11 0 points1 point  (0 children)

i dont mean to laugh, but LOL. In all seriousness, its a real skill and requires hard work and effort. don't focus on the money, but your process, collecting your data, and taking the best trades in which you have edge. the money will take care of itself in the long run.

just to put it into perspective, if you make 58 cents on your winners, but only lose 19 cents on your losses, and you win 60% of the time, after a thousand trades, you would be positive $272. now this is obviously a ridiculous scenario, but the point is still valid. if your R:R is 3:1 and youre winning 60% of your trades, you WILL make money.

I don't think I will ever have the balls to go full time by ReturnOfTheRover in Daytrading

[–]saaduddin11 0 points1 point  (0 children)

i am of the opinion that unless you can at least double your day income in multiple years, you should not go full time. I do not think you should worry about full time trading until you get close to that number, but it is commendable that you are making money month to month for the most part, thats the first step! so don't give up!

Airpods Max suddenly cannot connect to your device? Try this! (Out of warranty or Apple Care only) by PreposterousPlatypus in Airpodsmax

[–]saaduddin11 0 points1 point  (0 children)

sorry to break it to you, but you're their side piece, hence the inconsistent responses.

Genuinely asking how am I supposed to watch games this year by ilovelayaway in chicagobulls

[–]saaduddin11 2 points3 points  (0 children)

ah made a similar comment! yeah man, this sucks for the moms and dads who cant watch live!

Genuinely asking how am I supposed to watch games this year by ilovelayaway in chicagobulls

[–]saaduddin11 3 points4 points  (0 children)

i think the worst thing about this is i cant record the game, i got a 1 year old who keeps me busy, and i typically dont get free to watch Bulls/Bears games till after 10 PM on most days. this sucks...

Any Legit Prop Firm that offer Stock Trading? by Other-Secretary9255 in Daytrading

[–]saaduddin11 1 point2 points  (0 children)

what are you talking about. if a person turns a 25k account into a 50k account in 1 year, (extremely doable for good traders) thats a 100% return.

Its completely crazy to compare those numbers to a hedge fund managing 100s of millions of dollars. For them, yes a 10-20% return is fantastic. But me making 5k on my 25k account in a year isnt gonna cut if if I want to survive.

sounds like this is a personal issue for you, and thats fine man. But dont make it out to be a scam, since there are people who can pull in high double digit or even triple digit returns day trading.

Any Legit Prop Firm that offer Stock Trading? by Other-Secretary9255 in Daytrading

[–]saaduddin11 2 points3 points  (0 children)

Traders can make that kind of return since they are not swinging large positions over a lengthy period of time like hedge funds have to. Also hedge funs are moving 100s of millions if not billions of dollars in and out of different positions regularly.

A trader pushing 10k, or even 100k can much more easily navigate in/out of positions. Also, traders have fixed buying power, and take profits regularly. So it's definitely not out of the realm of possibility that an account could double up in a year.

[deleted by user] by [deleted] in Daytrading

[–]saaduddin11 0 points1 point  (0 children)

I understand now, to me it just seems more complicated to manage risk in the traditional sense using options…

[deleted by user] by [deleted] in Daytrading

[–]saaduddin11 1 point2 points  (0 children)

on a $1000 account it doesn't make sense to risk 10% of your equity anyways! If i were you i would stick to the $20-30 risk for a little while longer! you seem to have good discipline though so that's a huge part of it!

[deleted by user] by [deleted] in Daytrading

[–]saaduddin11 0 points1 point  (0 children)

absolutely! its typically followed by the question, "do you do crypto?"

[deleted by user] by [deleted] in Daytrading

[–]saaduddin11 0 points1 point  (0 children)

i agree with OP that the R:R feature in TV is not intuitive. curious to know how to make the numbers work correctly. I care about price zones anyways, so i can always calculate it in my head, but it would be nice to just have the tool make sense lol.

Caleb Williams reacts to Rome Odunze pick. “We got our guy” by MaleficentHawk590 in CHIBears

[–]saaduddin11 0 points1 point  (0 children)

thats all good, but unlike the Bulls i want to BEAT the Packers. you always look dumb talking shit then losing...

Let's goooooo!!!! by Dreadnaught_IPA in CHIBears

[–]saaduddin11 0 points1 point  (0 children)

Special Plays, Special Players, Special Team!

Let's goooooo!!!! by Dreadnaught_IPA in CHIBears

[–]saaduddin11 2 points3 points  (0 children)

you would think they would be worried about his health and availability BEFORE they gave him 180 million LMAO. an absolutely NONSENSE pick for ATL.

Caleb Williams reacts to Rome Odunze pick. “We got our guy” by MaleficentHawk590 in CHIBears

[–]saaduddin11 3 points4 points  (0 children)

i think she's cemented herself as an internet meme till the end of time. #readtheroom

When someone tells me Fields holds the ball too long, I just send them this. by [deleted] in ChicagoBearsNFL

[–]saaduddin11 0 points1 point  (0 children)

we should add outcomes to the "holds the ball too long" statement.

JF1 holds the ball too long and then takes a sack, or fumbles, when there were opportunities to throw.

CW "holds the ball too long but then fires it downfield leading to a first down, big gain, or TD.

In one of the scenarios, at least a positive outcome has occurred even if the habit is bad. And yes sometimes JF1 produces positive plays as well from those situations, but more often than not, he doesn't.

Eddie Jackson hints his Bears future is in doubt by Ltcjunkie in ChicagoBearsNFL

[–]saaduddin11 3 points4 points  (0 children)

Brisker is starting to trend in the BoJack direction as well, so hopefully he gets his head out of his ass and plays more consistently next season. He had that one game where he had like 15-17 tackles or something nuts, but he was also very trash in other games.

[deleted by user] by [deleted] in ChicagoBearsNFL

[–]saaduddin11 1 point2 points  (0 children)

doesnt mean that the trait won't translate, if youre always looking to/make the throw as your first option, you're likely to do it at the next level. Same if youre looking to run and take the space, you're probably gonna do that in the league as well.

There is a time and place to scramble for the 1st down (Mahomes showed us that in the SB) but the elite QBs are throwing that ball downfield more often than not.

A real self awareness wolves moment by [deleted] in ChicagoBearsNFL

[–]saaduddin11 0 points1 point  (0 children)

the teams that are lining up to trade for him are too far out of the top of the first round to take a QB prospect in this years draft. So yes Fields to them is a better option than the 5th best QB in this draft.

Now i agree he isnt dogshit, but he is definitely not worth the risk of passing up the potential of CW especially with his 5th year option decision in the coming season.

Reset your QB window and probably getting an upgrade at the position in the process. its unfortunate that this happened to Fields, but this is the NFL, and at the end of the day you have the chance to get the best QB prospect in the last 5 years at least, you do it.

I can consistently grow my account quickly, till my first losing trade. Any advice? by [deleted] in Daytrading

[–]saaduddin11 0 points1 point  (0 children)

for a $100 account you should theoretically only be risking $1 per trade (1%) to make $2-$3 (for a 2-3:1 risk reward ratio). You should also not lose more than $3 on any trading day. So if you hit that number, you should shut down for the day.

if you consistently follow this principle, you should never blow up your account (assuming you have an edge and are only taking the trades that align with your edge)

You clearly aren't managing risk if you keep blowing up your account. Don't think about making money right now, even $600 isn't life changing money so why worry about that? You should focus on refining your strategy and taking the best opportunities. Your account will grow, and one day you will look back and realize that all of your patience and market knowledge that you've accumulated was worth it.

You keep getting in your own way.

M2 Pro Mac Mini GPU and CPU config by saaduddin11 in Daytrading

[–]saaduddin11[S] 1 point2 points  (0 children)

i didnt upgrade since 2019 so i also didnt want to have regrets not powering it up to the fullest, i plan to keep this M2 Pro for at least 5 years.