%% 2] TWO very different issues here [1]I'm somewhat of an action addict myself/ not all addictions are bad\if we are not addicted to water/we are dead ducks. [4] Four hour chart is amazing many times/\; = pay attention to it ,not that its as good as weekly, its not. 5-7] LATE trades/invests can work vey well /longs for example. [8] SSO profits got smaller, thats part of trend following, but 4 hour charts\no way i would buy that today, sold even though i had planned on profits ride, more. Could easy go up [since i sold/LOL] I'm not looking @ sso again today/ if my spxs finishes well or loses, i' doing trend study + SPY study 9]CUT size works well in trading unless winning. [Even more important i have troUble making my 8 glasses goal ,water in winter; V8 + tomato liquid stuff helps my ''liquidity/LOL'']
%% GOOD trend+. NOT bragging, but i wanted to buy \bottom fish on SPLV/thur. BUT 4 hour chart looks like a sell, SPXL also. So i used an idea i got off elitetrader[IBKR simulator]; i paper traded with a fill/the worse HI of the day\LOL. NOT a big deal but it doesnt hurt my P+L today also. That trader that uses IBKR simulator notes he consistent gets the worse fills/LOL good trade idea. NOT that i want to waste ink all the time with that, but i like the idea sometimes+ plenty inverse upticking real profits.
Watch "Inception". All my time alarms, play VERY specific music, according to my personal mood, which I have carefully chosen. Ken, things get even more strange and beautiful, once you truly get there... When I wake up:
I ended up doing just 5 trades a day. When I hit at least 2 PTs I am positive for the day. When I get hammered today, who cares, tomorrow will be a different day very likely. So I am fine taking higher risk combined with fixed PTs scalling out. It takes about 2 hours a day to accomplish on average sometimes less sometimes more ... the brain really needs some kid of support or "tricks" applied because otherwise it can go down the drain so easily. If I could not make money consistently with just 5 why would I do more? Always remind myself I do it for money money money nothing else
%% THAT could work well. But if he is like me, the 20or 30% or more trades/investments that happen with profit after noon [cst] can be profitable, so want some of those.[or 12;30 on a four hour chart]
Hey at least I learned, I did it right today. I overtraded mid-day as usual but very small 50 share trade round trips. Lost a few hundred in stops. But I traded my favorite end of day pattern, uvxy, in size as much as 400 shares per trade and ended up in the money. So that's one solution, if you're compelled to trade midday, trade very small size. Look at the end of day UVXY chart and notice how similar it is to yesterday's UVXY end-of-day run. That's my favorite most consistent pattern is end of day vix etn trades.
Yep, so true Ken! Trading very small size like this reminds me of the old trading adage, "focus on your losses, the profits will take care of themselves." Best of luck in your trading!
Looks like somebody is using those "sequence" indicators. I can't say the name because it's trademarked!