day trading is the best job during lock down. because you can trade from sun rise to sun set, from moon rise to moon set. you can trade from start of Asian session to end of Asian session/start of Eur session to end of Eur session/start of US session to end of US session. That's why I have day and night trading Derivatives futures Journal. You can trade when Asia is having holiday as Eur / US might not be on holiday. You can trade when Eur is having holiday as Asia / US might not be on holiday. You can trade when US is having holiday .... You can work and work and work non stop for perhaps 22 hours a day when millions upon millions of people in the whole world are crying out for job. Excellent place for workaholic !!!!! It is also suitable for those who just want to work for few hours a day. No matter much much deadly virus there is out there, your job is secured. No matter how terrible the unemployment rate is, your job is secured. No matter how terrible the GDP / recession is, your job is secured. And you don't have to answer to nasty horrible unreasonable sarcastic hopeless boss because there is no boss but you youself. I have thought about all these mega disasters years ago and that was why I planned to do day trading years ago. And now I am prepared for the coming mega disasterssss. BUT! If you didn't do enough homework, please don't ever do day trading. Because you need to practice as if you were going for Olympics running competition where you have to run 12 hours a day, 7 days a week non stop, 52 weeks a year ....
i can get a job at McDonalds and outdo most wannabe daytraders in terms of income in few years time period.
19 May summary # signals during early Asian session : 4 # signals during early Eur session : 10 these are mainly index futures ( continuation & reversal signals from 18 May ) # signals during early US session : 0
you have limited amounts of time and capital, why try to trade everything and the product you trade depends on your situation and size of your account and location etc. for small accounts, daytrading stocks or swing trading penny stocks makes sense. the average size of penny stock players is like $500-$1000 bucks. based on the trade volumes and price.
i have retired from trading. Now I trade mainly to pass my time meaningfully. also trading is my passion.
20 May summary US index futures trend started during Asian session. Trend continuation during Eur session. Trend exhaustion during US session. laggards were AUD EUR (but limited reward risk ratio) oil, copper, NG lately such pattern has been quite common. India Nifty, dax also went up decisively. Subsequently NG reverse direction decisively to whatever reason. sleepers were : US Germany Italy bonds, gold, gbp
26 May Asian session preparation past few days .... US index futures trend started during Asian / Eur session. laggards were currencies, copper. Hangseng had excellent day range due to events in HK/China. simsci, taiwan, China A50 index futures also had great day range. India Nifty - occassionally bid offer spread could be huge Nikkei 225 - day chart - still in rising channel like other index futures. day range still healthy dax, stoxx 50 day range still quite decent. gold had its own mind. it used to correlate with index futures, or bonds. US Germany Italy bonds continued to sleep. crude oil - decaying day range? sgx roll over season coming up.
27 May US session preparation past few hours ... as usual, US index futures trend started during Asian session. Trend continuation during Eur session. come US session, will there still be meat ? Or just skin and bone and insides? will there be trend exhaustion / continuation / reversal? I'd trade with reduced quantity. interestingly there was strong interest in Russell 2000 due to whatever reason. laggards were Eur, Italy BTP bond Most asian index futures & dax moved decisively. star performer was India Nifty