I think you forgot 1 very important element: size. If I trade 100 ctr emini intraday it can sometimes become difficult to have flashfills at a good price. If I would trade the weekly, I could build up much bigger positions. So if you are lucky, one day you will be forced to add dailys and weeklys to your intraday trades. But it is indeed very difficult to make the (partial) switch from intraday to overnight. I had full control of what I did intraday, but by going overnight I sometimes had not a very good feeling about it because I missed the full control of intraday. And profits come more slowly (losses too!!!!). Another difficulty is that you can have "opposite" trades. I am short longterm but I went long on intraday. Gave a funny feeling the first time it happened.
I traded LL today buying the $30 Puts hitting New Lows, this stock looks like a mess and I wonder how far it's going to die. I agree Scalping is more ideal and less risky than holding options(wasting asset) and stocks long-term unless you really do your homework and follow a Stop-loss program. I make more cash by Scalping but need the help of professionals Trader-Accountants who can help us turn Short-Term away from the 35% Federal Tax Rate. I know a joker who is holding HLF and LL because he won't sell and create a tax situation. Many people stay in stocks too long and get slammed because their afraid of the Tax consequences or fear doing a Schedule D or paying a Tax Planer to help. This method of holding long-term, it's great for Mutual Funds but not for us! I think the best Churners will make more cash than long-term gains. That's why you need a person like Robert Green C.P.A. helping you create a Corp to smooth St. term gains in to a hybrid tax shelter and even "carry-interest" if you making enough cash. He has saved me plenty of cash over the past decade because he is awesome!
this and a time machine would be considered an edge without the time machine, its called a "description" nothing more,,,,,,, don't be fooled by clever ones who appeal to your lizard brain.
And we continue to drift sideways. No buy. No short. Yet. Or is that too sophisticated for whatever sort of brain you have?
and if it dropped, you would say something else. i don't understand the purpose of description beyond finacial commentary it holds no relevance to what happens next,,,,, don't be fooled friends! this is some insidiously appealing nonsense be warned
No, if it drops below that level, short. That's about as clear as it gets. Which remains, unfortunately, unclear to you.
Ok, so if it drops to below that level, you are making a prediction it will drop lower? Right? What are the odds this will happen and how are they determined? How far below before your short? Your sleight of hand verbal magic can create a winner no matter what happens --- i hope readers can see this because thats a great first step to understanding how markets really work. The market itself tries to trick us just like DB's words. By confusing the past with the future and description and prediction. Its how the untrained mind works. Feel good stuff withno basis in reality. Its an old game, get the joke.