Says the guy who just one page ago claimed he had some advanced and highly profitable trading algorithm. People here are so full of shit.
Except when in hindsight it turned out to be a valid breakout. Happens around 50/50 of the time, add commission and spread and slippage to that and you have a guaranteed money loser. Welcome to the exciting but unprofitable world of chart trading. You sir, are the man of the hour.
I didn't say it was algorithm, I said it was a system. But like I already demonstrated, you do not know how to read; or rather, the component of comprehension is scarce. I also showed months of profitable trades but I assume you don't know what an account statement is or else you would not talk so much nonsense. Your confirmation is biased to assume failure, as is likely your experience. Allow me to restate in a way even a fool among apes can understand: I can predict market movements just by looking at the chart. I don't need L2, high end equipment, etc. What's more, I can do it in advance; that is, I can tell you right now where the market will bounce in the future on an intraday basis. Oh, and the other guy that was talking about volatility clustering is wrong too; I can short vertical rockets and catch elevator knives regardless.
Yes everyone but you is wrong but it is actually you who does not comprehend very simple concepts others share with you and you ask some of the most naive questions. It's clearly you who has not clue what is going on. On ignore.
Analogous to a game character, I put all my stats into one skill. I readily admit that I have little knowledge in other areas of trading. A one trick pony if you will...but what a trick it is! You won't see it but let it be a standing challenge for all who claim it nonsense- they may try and refute the objective trade evidence I posted rather than the subjective opinions of those who have only conjecture.
IMO retail traders, especially for reasons mentioned by you, should mostly swing/position trade and work of longer term charts. Doing this will diminish risks associated with daytrading.
Why would the risk be different? Faster maybe but not different. Day trading has the least risk. You are flat every night and there fore have no risk of an afterhours event that will move the price against you.