Hello themickey, Of course is difficult cause you do not have anyone to show you the answer and prove to you making money. So you have to do it by yourself. If you knew an ES trader making +$1 million a year trading, then trading is VERY easy. You have no issues. You need EXACT answers to be Rich America or you will be poor or have to work extremely Hard and you better have money. And you better be a great a gambling. The newbie Trader with $1milllion will kick your ass in Trading and make more than you in a day.
Hello themickey, The newbie Trader with $1milllion will kick your ass in Trading and make more than you in a day. Not because he smarter then you, he has more money then you. Thats why you have gamble to make $1million so you can have an edge in trading.
Markets are organic. Newbs are drawn to daytrading as they believe the macro risk is limited and they perceive noise as actionable. It's why systematic-methods (outside of automating out of convenience) never work. The best directional traders are those that can time the martingale. It's the same with capital markets (Musk as dynastically-wealthy idiot).
even with a system this is critical to ever launch you out of the hole. there is a great horse betting book by bacon
Cool. I never was able to find access to those recordings, luv it if you'd be willing to share. If you are referring to RDBMS, 95% completed is pretty dang good. My Ai/python skillz are getting to the point of automating it as well.
Volume leads price, no exceptions.. The PV equation: If Volume in Increasing, then Price trend will continue. If Volume is Decreasing, then Price trend will change. Jack loved to go deep. Many couldn't handle it. 99% of the trolls are no longer around. Whether they washed out, found something else to get angry about, who knows? He was super-generous with his knowledge but also scattered it in various places. Unless one had an open mind and was diligent in 'putting the pieces together' it was easy to get lost in the sauce. Those looking for it served up on a silver platter were constantly peeved.
I can think of many exceptions. Arb-related activity. Large pre-arranged and tied trades to vol-positions. It's of zero predictive ability.
If price is increasing and volume is stationary, then turnover is increasing. If price is decreasing and volume is stationary, then turnover is decreasing. Using volume as an indicator in the hershey sense is incorrect imo.