I won't argue with this, but there's one exception: The Wed crude inventory report You can test this over time and you will find a pure trading edge: Sometime during the 10 minutes before the crude inventory report you put on a long or short position. It doesn't matter which. The only important thing is that you DO NOT, under any circumstances, place a protective stop. You place a limit order to take profit 20-30 ticks from your entry price. At some point following the report, your profit target will be filled. I'm pretty sure my record on this strategy is now 16/16
Eventually the record will be something like 19 wins, 1loss, and you will have lost half of your account.
you have to be joking? This is perhaps the most risky trade unless you have huge cash in your account? Like 10 to 20 times the margin requirement?
Average volume been between 14,000 and 24,000. This is more than adequate to meet your daytrading goals