@BearTrades, There are a large # of day traders hanging around here some of them must be successful or they won't be around too much longer. Me? I failed as a day trader: Not skillful or smart enough. A good friend day traded for a living for a couple of decades by now. Since 2012 his specialty was day trading TQQQ and SQQQ. Gave me his recipe and I watched him traded. There were judgements required that could not be written down in the recipe. I couldn't duplicate his successes.
https://bbs.wenxuecity.com/tzlc/1366439.html posts like this are all over this forum... this guy has about $7.5m net.. yeah 1% of traders make enough for a living, but how many get to that kind of net worth. for the amount of time and sweat needed to reach success, yeah day trading is for suckers.. https://thecollegeinvestor.com/11300/90-percent-worlds-millionaires-do-this/ there is no question where the path of the least resistance is.
Plus - they charge a lot. 25k for a trip. That's business in itself. 40 noobs per year - = 1 $$$ $$$... They shared, some, past - killing - trades, with SPY(VOO?), but all that i saw : ,,veteran trader" took long , next to 10 yrs trend line, tho they spoke about it in circles (never revealing), as if it was some miracle. And still i buy into idea, that there could be lots to learn with them.
Everyone is different I guess. Once I stopped looking at sheet like the ES and focused on something that MOVES Takes 1-2 hours of NQ morning trading make a nice living. Takes 2 minutes prep to get the lay of the land for the day. Five contracts isn't super high leverage. When you get more experience, you can make that 5 contracts at 2-3 places in a good trend as it continues to go your way. Enjoy the moment. Time is not related to specific money amounts and that's a gift, not something to stress over. Trading is not a grind. It's endless opportunity.
This is one of the coolest things about trading. It can free you from the 9-5 slave system. Some people aren't just in it for the riches...
[QUOTE="notagain, post: 4984369, Heiken Ashi daily bars green follows green 70% of the time. Badly broken trendline signals to stop trading.[/QUOTE] Heikin Ashi bars are something I've been looking at. As you say they do seem too show a trend well. So you use them much and what other indicators do you use with them? For example, do they work with moving averages?