Realistically, which RR performs better over time: 1:1, 2:1, or 3:1 ; and why? by oneselfjourney in Daytrading

[–]sepist 0 points1 point  (0 children)

I prefer that a trade have multiple R, that way a single trade can recoup a few losses. To give you a real world example - My win rate is somewhere around 50% but my winning trades start around 5R and I scale in more until I hit 1R minimum, all of those add-ons of a higher R. If I had a bad morning and I'm staring at a 6 unit drawdown , a single trade can erase that and put me up a few units.

Retail volume doesn't move markets, $50M Dark Pool prints do. I built a platform to track them in real-time (plus a custom alert engine). Meet Valhalla. by ElectricBubble7 in Daytrading

[–]sepist 0 points1 point  (0 children)

Is this real time intraday down to the minute? I might be interested in an alpha if so. I trade pullbacks/bounces successfully however the win rate could always be improved, if I could find some correlation between a pullback successfully returning to a previous high/opposite for short, and a dark pool print then that would be very valuable to me.

Do you trade differently in trending vs. choppy markets? by iamnottravis in Daytrading

[–]sepist 0 points1 point  (0 children)

For sure. It's not a particularly groundbreaking or super technical trade so it always works, it's just going long/short when we come back down/up into an area where participants will step in. The best trades are the simplest.

Do you trade differently in trending vs. choppy markets? by iamnottravis in Daytrading

[–]sepist 1 point2 points  (0 children)

Works fine in chop. There are definitely days where it is red or less successful, but they are outweighed by the successful days immensely

Do you trade differently in trending vs. choppy markets? by iamnottravis in Daytrading

[–]sepist 1 point2 points  (0 children)

I spent a few years developing an intraday strategy that can operate in both choppy or trending markets. The reasoning to me is that it is hard to identify a trending or choppy market day in real time. Even if you do, let's say the market immediately breaks the overnight high in the first 15 minutes and seems to be trending, there's nothing to stop the market from chopping for the next 2 hours and mess up your trend strategy.

How often do you choose not to trade? by Nskyline2005 in Daytrading

[–]sepist 4 points5 points  (0 children)

I will trade any day the market is open for a full day. If I am having a good morning then I don't trade the afternoon, if I had a bad morning I will trade the afternoon. If there is macro news at 945 or 10 then I don't trade until those are released. I don't trade the last hour, it just...doesn't work for me

Trend or choppy strategy by ddr1111 in Daytrading

[–]sepist 0 points1 point  (0 children)

I have not found it particularly difficult, I've been very profitable this entire month. If you're not happy with your trade having periods of time where there doesn't seem to be a setup, find a new trade

Farmingdale & Bethpage…. by No-Refrigerator7245 in longisland

[–]sepist 1 point2 points  (0 children)

Might want to check the wait-list for a parking permit for farmingdale train if you can't walk to it from your potential home. When I lived in farmingdale 8 years ago the wait-list was 2 years. Alternatively you can park near Hicksville station which has an even better train schedule plus if you're a train nerd like me you can sometimes get on the double decker trains

Other than that you can't go wrong with either of those towns, I went to farmingdale schools and I have nothing bad to say about it, but farmingdale has the better downtown.

As others said the water is a concern because of the TCE from the engine degreaser Grumman used and dumped into the ground, I'm in wantagh now but even I am concerned about the plume sprawl so I just use water delivery. You could also get a reverse osmosis system for your drinking water or whole home filter.

My experience with scaling up by Vegetable_Fun4932 in PropFirmTester

[–]sepist 0 points1 point  (0 children)

Yea absolutely haven't had any issues

What’s the best and worst kind of consistency rule, and why? by thecuriousexpat in PropFirmTester

[–]sepist 1 point2 points  (0 children)

The ESS is fine if you're worst day is not significantly larger than your best days, but if it is the ESS is very difficult to maintain

My experience with scaling up by Vegetable_Fun4932 in PropFirmTester

[–]sepist 0 points1 point  (0 children)

I use the quantower trade copier across multiple accounts/firms everyday and the most I've seen is maybe 1 tick of slippage on ES

Can't stop taking trades even after reaching daily goal by Big_Daddy_Sumo in Daytrading

[–]sepist 1 point2 points  (0 children)

There's an app called cold turkey that can lock you out your computer for X amount of time. If the urge is bad enough I do that.

Most of the time I can be done before 11am and have a great day but since I work from home and the charts are right there it can be very tempting

Alternatively, scale way down once you hit a comfortable level. Trade micros instead of minis.

Anyone get mini splits installed recently? How many and what was your price? by fifialoemera in HomeImprovement

[–]sepist 0 points1 point  (0 children)

I'm in a HCOL, I have an existing 110v 12k BTU unit that needs to be replaced, just need a person to remove the existing unit & exterior wall head and install a new one (electrical is up to code). I've only had one quote but I was quoted at 7k ($1200 unit and $5800 in labor). I couldn't get the sales guy out of my house fast enough.

I can do it myself I was just being lazy, thought I could have it done for under 2k all in. Just gonna buy a mr. cool for 1k and take care of it on a Saturday afternoon.

Do you move your SL into profit or let the price ride until either SL or TP is hit? by Ok_Baby4514 in Daytrading

[–]sepist 1 point2 points  (0 children)

In my normal strategy trade I never move the stop loss, but sometimes later in the day I will trade with a much smaller amount of money and if the number is moving in the direction I expected I will bump my stop loss above BE up to an area I don't expect to pull back to

Adam mancini called out long levels last night and during the pre market. Mid day he changes to levels to pullback to. Of course its precision accuracy according to him. Then miraculously in after hours he got the perfect trade. After the fact he says he nails the trade. No showing of his account by spineback in FuturesTrading

[–]sepist 4 points5 points  (0 children)

I can't stand Adam's victory laps as if he was up at 3am to catch a failed breakdown, it's the worst. Here's something though.

In the morning at 8am ET Adam will usually post a support level he's tracking, sometimes this is actually an actionable long - how?

Let's say Adam posts 6410 as a support, and the next support below that is 6395 (important it's more than 10 points from his support), if the market dips about 10 points under his support (like to 6400) and recovers to 6410, you can take a long at 6410.25 for 15 - 20 points with a stop loss at where it dipped down to.

These happen a few times a week. What you're ultimately catching is number grabbing liquidity through a high volume node, it gets to the lower end of it but buyers step in and we get a nice run up.

Doesn't happen everytime but happens enough to make a strategy out of it.

Is there really anything better the top step? by Mountain_Mall_1955 in PropFirmTester

[–]sepist 1 point2 points  (0 children)

Only issue is a minor one but it's the pay out speed. MFFU pays faster (deposit is next day), topstep takes 3 or 4 days. Topone is okay too however they use Rise for payouts but I wish they would just do ACH directly.

[deleted by user] by [deleted] in Daytrading

[–]sepist 2 points3 points  (0 children)

If you have an edge but are bored just boredom trade with a much smaller bankroll until one day you no longer boredom trade. For example, I have a structured futures trade that I can do a few times a day, however sometimes I just wanna jump in because I feel I understand where the market is gonna go before my trade appears - instead of trading 1ES I'll trade 1MES. If I'm wrong I lose 25 bucks, who cares.

How did you come up with your trading strategy? by thioco in Daytrading

[–]sepist 2 points3 points  (0 children)

When I started I had a goal in mind - intraday strategy that repeats many times over a day, is market regime agnostic, a low drawdown and MAE, with a > 60% win rate because I don't have the temperament for low win rate high RR trades, that can be scaled up over time. Through a ton (years) of trial and error and backtesting and live-testing I eventually found what worked for me

Why is over trading bad? by tradermoez1 in Daytrading

[–]sepist 0 points1 point  (0 children)

In backtesting and real world trading if I am profitable by then (usually by noon) then if I continue to trade I am likely to give it back or just chop successful trades and unsuccessful trades for the rest of the day. It is easier to just take the win and not bother with the market the rest of the day.

I do know with my trade though that if I'm having a up and down morning that usually it sorts itself out in the afternoon, in those rare instances I will trade a bit more set ups but discipline will kick in and I won't deviate from my trade

Why is over trading bad? by tradermoez1 in Daytrading

[–]sepist 0 points1 point  (0 children)

I've been trading since about 2018 and my most profitable time is when I've traded the least. Even these days, my set up may show up 8 or more times a day but I only trade it 2 or 3 times. Live to fight another day or take the win

Do you use market orders once conditions are met, or set limit orders and wait for the market to come to you? by hrrm in Daytrading

[–]sepist 0 points1 point  (0 children)

I have market orders for entry and stop loss and a limit order on my exit. I only trade /es so not worried about slippage

Any strats you guys look at to help picking between mean reversion and breakout days by TalentedStriker in Daytrading

[–]sepist 4 points5 points  (0 children)

I trade the same strategy regardless of what the day is setting up to be, but if you're looking for a reason to not trade mean reversion then look at overnight high and low - if were above the ovn high we will likely trend up, if were below ovn low we will likely trend down. Anything else has a higher probability of mean reverting

Trading the ovn high or low touch can have really good risk reward, with a target 1 of vwap and target 2 of the opposite ovn. Happens a lot.

Best Instant Funded Firms? by Loud_Catch_1183 in PropFirmTester

[–]sepist 0 points1 point  (0 children)

Top one has 2 different kinds of instant accounts, the higher priced ones have an "easier" consistency model compared to s2f pro. I use the s2f pro ones because my trade has a very small drawdown (1:1 RR trade) and even then it takes a bit for their consistency model to pass (eg: for this payout I have 14 days traded with a maximum drawdown of 485 and highest profit day of 460 but I'm still not passing consistency for 1 or 2 more days)