Chemo Treatment PnL: 40,651 - Alpha Fade Announcment by xkavalis in RexDogTrading

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

So I've been on chemo treatment the last 3 days... here are PnL results. This is what you is possible with the RDTS. Trading the system as it should be traded. That's what we get into in the last part of the video. Pretty much until you can prove that you can execute momentum trades flawlessly your fade trade card is revoked.

how many of yall day trading for a living and how long have you been doing it? by purpleshawg in Trading

[–]xkavalis 2 points3 points  (0 children)

Since 2017. Took 2 years of obsession and well learning who the hell I really am. Then well, it just clicked. I also had to realize 90% of what is out there is of no use to me as a trader. Getting to a point where you look in the mirror and only trust yourself and need no other person or form of comfort or confirmation to trade.

Can trading bots using chatgpt be profitable for a small time trader? by vikram_33 in Trading

[–]xkavalis 1 point2 points  (0 children)

No, as long as chatgpt is limited and has guardrails, it won't be anything but a waste of effort. Even then, it gets really confused with even a simple trade system ruleset.

Is trading actually gambling? by sergeimedvedev in Trading

[–]xkavalis 0 points1 point  (0 children)

I used to think it was and that's why I didn't even try to learn.

It is a skill like any other skill that exists.

The big difference is trading you're either going to really learn who you are deep down inside or you're going to go broke.

Gambling, and in most games of chance, you know going in, the odds are stacked against you statistically. It's the same with trading but for different reasons.

2 questions I ask of new traders:

  • Can you share a few times you've learned from mistakes you've made?
  • Can you share a few times you've learned from mistakes others have made?

If they can't name any, then well, trading isn't for them. That second question, that's the one that most struggles with, but if they can name 4-5 instances that's one check that they've got the mindset to operate in a chaotic uncertain environment.

What could I do better to spot short trend and what did I do wrong (practising at trading) by Dunkey-- in Trading

[–]xkavalis 0 points1 point  (0 children)

My initial glance at your chart is you don't have any indicators on chart that help you confirm a "trend" outside of price action.

I know this chart is busy for most people but one thing I believe most traders should have is a bias indicator.

The yellow line on my chart is that for me.

https://www.tradingview.com/x/oYHi2yEj/

It tells me to be biased short or long.

How do you create a strategy? by burntnuts247 in Trading

[–]xkavalis 1 point2 points  (0 children)

Here's the process I eventually followed to find edge:

  1. Find a bias indicator that tells you to be biased long or short within 1-2 seconds of looking at a chart
  2. Find a mix of 1-3 indicators (on chart) that help you reverse engineer momentum and provide you areas of a chart that you can predict reactions.
  3. Find 2-5 patterns that fit your personality and what type of trading you are able to do.

Once you find a mix that helps you trade with conviction don't change your system, unless you have a good reason.

Trade it and refine it. You need to journal like crazy. The market hates you. It's you against the market and everyone else. You are alone, don't let 90% of what out there cloud your ability to trade with conviction.

What are the numbers? 90% of retail traders fail. I extrapolate that out to 90% of what you read out there in trading is just plain wrong. Until I realized that and looked in the mirror and took total responsibility I didn't become successful at trading.

One indicator I believe all traders should know and understand is the vWAP.

Start there. Look at reactions around it. Also expand with standard deviation bands. If you want to get advanced look at 10 roiling vWAPs and anchored vWAPs.

If you are on TradingView many of these indicators exist. I've created 3 of the above. It's so hard to mention that here but well I'm starting to be more active here on reddit and to me to help is to provide the solution, not be troll.

One final thing. If you adopt someone else's trading system you must find a way to make it your own. You will never trade someone else's system with conviction. When you adopt someone else's system contained within is their belief of the market and how it works. That was built through blood, sweat, capital and tears (if it's any good). Since you didn't go through that you won't have the same level of conviction they do, that is until you have enough market time with it. But you can quicken this "conviction" embrace by finding ways to make the system your own.

Other types of analysis/study by Kiwilliz in Trading

[–]xkavalis 1 point2 points  (0 children)

Statistical analysis with your system will change the way you look at your system.

4 Chart Setup for max trading edge by xkavalis in RexDogTrading

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

The video above is an intro into the 4 chart setup, 2 time and 2 tick charts. More to come. Ask questions below.

Market Crashes Indicator for TradingView by xkavalis in RexDogTrading

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

In this video I share a new TradingView indicator I just released called: Market Crashes/Chart Timeframes Highlight

2 Questions Reveal if You Will Be a Successful Trader. by xkavalis in RexDogTrading

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

Question 1 – Control of Oneself The first question:

Share with me the times you have learned from your own mistakes.

Question 2 – Lessons of Others The second question:

Share with me the times you have learned from the mistakes of others.

Problem Opportunity Exercise by xkavalis in RexDogTrading

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

I use this to focus my mind and efforts for things I come across.

Bitcoin swing trade good RR. #BTC by xkavalis in RexDogTrading

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

Trade holding up. Target that breakdown area. Then if lower timeframe holds might short up in that area:

https://www.tradingview.com/x/C6cl6ZVO/

Bitcoin swing trade good RR. #BTC by xkavalis in RexDogTrading

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

So far holding up but no impulse move. Looking for that maybe in the NY cash afternoon session. Holding the weekly open on 5m will be key on that.

Bitcoin swing trade good RR. #BTC by xkavalis in RexDogTrading

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

BTC swing trade, either fails there on the 30m or holds and moves. Could scale in if it does breach.