Yes but why force yourself to work every day for likely less money than you can make trading once a week, a month? Wouldn't you rather spend the time doing something else...gaming perhaps or yard work? BNF was a swing trader afterall.
Hurst writes: Profit optimization REQUIRES short-term trading (Emphasis mine). WXY calls it chasing your tail? Hurst calls it: compounding (P.S. Banks and CC would agree with Hurst and love compounding) WXY calls it: Leaving profits on the table. Hurst calls it: Making more $$ WXY calls it: making less money Volpri says: It is IMPOSSIBLE to maximizes profit with swing trading or investing such as buying and holding. But you can make money swing trading and buying and holding. You are just not maximizing your profit potential of your capital. Volpri says scalping renders FAR MORE profit potential than swing trading or investing providing one can actually scalp well. Volpri says: Scalping is the road to powerful compounding. HFT know this. Casinos know this. WXY must not grasp this. A little dirt here and little dirt there and after a bit it will become a hill then a bit more a mountain. Then a mountain range. Hopefully not a volcano. Practice makes perfect. A really good scalper has practiced a lot, practiced intentionally, practiced using good techniques. Markets move up. Markets move down. It is called Price Action. Markets are like a continual movie and they tell a story from one session to the other. Markest as they move have tendencies and inertia because of pressures being applied. Having ways to identify those pressures that are creating those probes that wax and wane are key to scalping (maximizing profits locking in profits, compounding profits) the more times the better i.e. FOT (the lonely concepts of frequency of trades). WXY is LEAVING profits on the table by swinging high instead of compounding his capital. Volpri might just be snatching up those profits WXY leaves behind as wxy swings for the fence. To compare with baseball in terms of facilitating and executing a strategy or technique in trading: It is easier to get a base hit than a home run. It is easier to anticipate a move 5 minutes from now that 3 days from now. And there are many more 5 minute moves over three days than 1 move over three days. There are actually 243 5m bars over 3 days of sessions in the ES and intrinsic to EACH 5 minute bars are many more moves (PA) that can be seen and capitalized on by dialing down to 1m and 2m bars. One loaf of bread over 3 days or thousands of crumbs assembled over 3 days that turn into many loafs of bread. Now if a trader is lazy and does not like hard work or using his noggin much it is easier to buy 1 loaf than assemble 100 loaves. To each his own but Volpri likes the assembly line. He wakes up just all ready to see what the market is doing so he can nickle and dime it to death (well not really as it doesn't die). IF he gets his lazy carcass out of the bed in time for the open then he has awaiting him the principle of more FOT. If the bed covers are too heavy to push off then he has to settle for less FOT. Hello and goodbye. Wxy can continue with his EW nonsense. Volpri gotta scalp.
Going to Vegas spending time at the blackjack table is a dumb idea too, for most. But like a Vegas trip, it is a good pass time for those without a day job. We all read Ed Thorp's book on card counting, but few perfected the skills. Same in day trading.
And you know how to do it? If so - what was your return in 2024 scalping US indices? Just state the $$$ figure.
You still don't get the part of optimization of profits and compounding. You likely didn't even read the HURST extracts I posted as you obviously do not grasp the two concepts. I will repeat them again: Optimization of profits REQUIRES short-term trading. It makes for more money NOT less as you suggest. Compounding is part and parcel with short-term trading. It makes for nore money not less. Intelligent work produces way more profit than yard work. I guess it depends on what you want. I do like gardening and fishing. But I can do both on weekends i.e. on those weekends I ain't reading about and studying the market or previous trades. BNF also known as Takashi Kotegawa "Kotegawa is particularly renowned for his scalping strategy, where he executes a large number of quick trades to capitalize on small price movements. This approach requires meticulous attention to market fluctuations and rapid decision-making. It’s not about waiting for a massive surge in price but rather accumulating profits from minor market movements." You may wish to google him to better inform yourself.
Yes the way you did it is. Next try brain surgery without any thought, knowledge, training or experience. Just not on me.
Thank you for proving my point lol...even though you got the analogy backwards. A home run and 4 base hits both result in a run. So is it easier to get 4 base hits or a home run? I don't even need to look it up to know that 4 base hits happens less frequently than home runs. I'm pretty sure you don't see 4 consecutive single base hits to earn a run 0.9 times per game.