That (strategy from 1st paper) is not a day trading strategy. Holding period likely to be much longer. GAT
Yes, execute many orders at once with real-time price feeds. Currently I still use EOD data, do calculations with excel, and execute manually. And also as globalarbtrader said, theoretically orders are placed at the open and/or close price. In practice, it can't, right? So, many orders at once will be placed a few minutes after opening and or near closing. I think it's hard for humans to do that kind of execution, unless automating it. I'm still learning programming languages and still lost
You can use MOO and MOC orders if you know what you’re going to trade ahead of open/close. You don’t even need price data
That's not how strategy works. You only know what to do once the day's opening or closing price is known, and execute it on the same day.
I think it speaks volumes that when pressed Kullamagi will BEGRUGINGLY admit he made his first million daytrading. He tries to steer his followers away from daytrading and suggests they swing trade instead because that's how he made his fortune. However he was the beneficiary of a raging bull market in front of him for the next several years (2012-2021) and traders in 2022 dont really have that luxury.
Good Morning globalarbtrader, I respect your comments indeed. I really do not understand a lot of stuff in this trading stuff. Too complicated for the brain. My motto: Dollar cost average sp500 index for get rich slow. Trade futures to get rich quickly. Do both forever. Sorry, but there is no other option on earth to get rich quickly. Quickly meaning less than 2 years max. You have to get rich while young, not old.