As a trader what are you trying to do?

Very much typical on ET.

 

what are you doing awake now

 

Thank you.

Do you trade using imbalance charts?

 

I trade using footprint chart.

 

Mr Tao, you like it? Does it give you satisfactory returns?

 

Yes, I do like it( This facilitated the discretionary process, more confidence, and no emotion ), and yes, I am satisfied with the returns.

 

Thank you for your response. I learned something new from you.

 

I have learned in 45 years, if you don't spend time with STATS, going to take a long time to profit regardless of timeframe.

Sounds too simple "Buy low, Sell high", I spent ten years learning how. What BLSH really means to me is risk gets lower, expect larger losing percentages and have to target larger profits.

What goes up is way different when coming down, have to treat each differently. More false signals in bull markets and larger profits in downtrend.

Trading is a game of risk, once you overcome, then better profits possible.

 

How do you know your profits come from your stats and not from your intuition, since I assume you also have an eyeball on the chart regardless of the stats ?

 

I can't test intuition, after 32 years of intraday trading, I know what moving averages or RSI are doing without being on chart, I am very rule oriented trader, I know my stats. Intuition to me is knowing stats but not as rigid. Ten years plus ago I switched 99% to automation so as to trade more markets, trade 24 hours and increase size, average down. I most likely make less per trade than others who have mastered intraday, but end of each week, systems have achieved percentage goals, based on stats, trading is halted for that system.

I have reduced much of scalping to two systems, moving funds to long term futures and ETF's.
My stock portfolio is zero.

Am almost 67yo, trading is a chore, but took so long to figure out risk, will trade till the grave.