Day Trading the Dow Jones

Discussion in 'Journals' started by Slepoy, Feb 5, 2021.

  1. Fonz

    Fonz

    My smaller YM "time frame" chart is a 250 ticks. From 9:30 to 4pm Est, it takes between 2 seconds and 3 minutes to form a new candle. I think it is much easier to feel the momentum of the market.
    Regarding the smaller time frames, you would probably need to have smaller stop and limit sizes per trade, and then the % of the costs will be higher (fees, commissions, slippage, etc.).
    This is why day trading is harder: The odds are clearly against us.
     
    #151     Feb 16, 2021
  2. Slepoy

    Slepoy

    Thanks Fonz.
     
    #152     Feb 16, 2021
  3. Slepoy

    Slepoy

    As I'm UK based, and because most people viewing this thread are trading ETFs in the US or elsewhere, I think this is probably not the right forum for me to be posting on, so I'm moving elsewhere. Anyone who wants to follow me, throw me a pm and I'll respond.

    All the best,

    Slepoy.
     
    #153     Feb 17, 2021
  4. Fonz

    Fonz

    Wish you the best
     
    #154     Feb 17, 2021
  5. Slepoy

    Slepoy

    You too buddy!
     
    #155     Feb 17, 2021
  6. cvds16

    cvds16

    I am long from 31363
     
    #156     Feb 18, 2021