I agree 100% as a result i had to change the way i traded bc i started losing money. What i meant was over a longer time frame, the market cycles have not really changd
Where do you draw the line between scalping (which IMO is not feasible from home), and day trading? A few minutes I assume. How is, say, a 3-hour long day trade different today than in 1915? There are a lot more participants, in a more efficient marketplace, but the motivations and human element didn't change. Surely people who say "day trading" aren't all talking about scalping sub-minute positions?
One side of consistent with the trend bias for that time frame...on the extremes This ntg new, again just helping those who have not gotten it yet I do pay up when i have a discretionary view but that is when im using my gut sometimes....
he's likely referencing the ability to get in/out of trades as well. all points are valid on sub second time periods but anything > a few minutes and the psychology of the market is the same as it always has been. this thread is wonderful for observing whose mindsets are correct and whose aren't for trading.
It would be difficult to show with empericaal evidence....the algos just are doing what humans used to do... bank were notorious for running in stops and even collaborating jointly...dodd frank is a good thing from that perspective but in effective as someone else is doing it better already
you can exit on middle or otherside...how You create entries or exists up to you after u define your risk profile...feel free to post an example and we can paper trade it next week
True. "Daytrading" means closing out one's position before the end of the day. There's much more to it than scalping. Is scalping the same today as it was 100 years ago? Of course not. Is daytrading the same today it was 100 years ago? Very much so.