some days are just your day! lol tried a rare short there. Didn't call it. Couldn't deal with the ridicule! Only trying some shorts as don't forget i'm still long YM from miles above so allow myself to 'hedge' it temporarily if I see what looks like a possible intraday short
Yeah that was smooth. Haven't looked at the 1/5min charts for yearz and they're still dominated by range behavior, it seems. The swing trading signalz and setups are literally opposite from what it takes to do well in the short term timeframes.
I tend to stay away from 0DTE. Only in unique situations and has to be later in the day. 0DTE is often a ripoff in this choppy, low range market. It's a combo of options, shares etc.. Prefer the Q's and don't care for SPY. Not everything is a daytrade and I will always be buying the dip when we do see decent pullbacks (very rare these days). I do pretty well, but I am not interested in judging performance. That's not why I'm here. I'm here as an outlet to talk stocks/markets as it's difficult to do so in real life. Most don't care or understand.
Sry I put it here but @SimpleMeLike said there is more money to be made on NQ which I disagree with. Data / ES / NQ / (ES/NQ) Dollar per Point / 50 / 20 / 2.5 9D Average ATR / 50.5 / 287 / 0.18 9D Average Volume / 1,062,181 / 459,152 / 2.31 If we multiply the ratios: 1.04 4% more money to be made on ES !
WRONG! Using YOUR numbers... ES... 50.5 points x 50 = $2525 NQ... 287 points x 20 = $5740 Further, one could also presume it is "easier" to extract a portion of NQ movement versus ES. ES ticks per point (4) x 50.5 points = 202 ticks. NQ ticks per point (4) x 287 points = 1148 ticks... NQ has more fish.
No it’s not wrong since ES is more liquid (you can trade 2.3x more contracts) but I get your points. Ok ok.