I appreciate all your advice. I never talk about trading anywhere except on here. So pardon me if i seem to let loose my negativity. Good trading to you all.
For me, due to this ONE last trade that I entered on Friday that turned out to be profitable, my June result is now above average. The whole entire year is still meh though.
I find the volatility should return more starting Sept. with everybody back from their summer vacation and a new round of earnings and all. And then there is the Feds, the biggest volatility generator. There is a rate decision coming up in the third week of September.
Hello rb7, Above average June was awesome, Just like May was awesome, just like April was awesome, just like July will be awesome, just like August will be awesome and so on and so on for the rest of the year will be awesome. And the follow years/months will be awesome.
Hey SML How's it going? Awesome by the sound of it. How's the plan to be a millionaire by the end of the year coming. Half the year is shot already. Time fly's when your having fun.
Consider that there simply is not enough time or action for the trade to play out as earlier in the day. The amount of time in a trade has some minimums: Amount of movement, amount of bars, MAE, MFE. Good trading means knowing these. You know these minimums in the context of average time in Wins and Lose trades and other data A trade with less than 30 minutes to close, with the MOC auction spike at 10min to close, and the closing ramp up move(s) and the increase volume(s) at some point(s), it is a different trade than almost any part of the day. Good trading means working these known events to get a good PL. It impacts trades that are open as well as new positions. You can keep the same strategy, but change the exit tactics. Bottom line I often go for a high trading Alpha ($/bar) in the last 30 min unless I have a winner open for about 10 min or more, and even then, a liberal criteria for an exit signal "works" best. etc. etc. PS: running average to above average. All green weeks. Last two being the best.
Business as usual. Red periods happened. I did have one green day in that bunch though, but it was mostly a red period. Low volatility and choppy market are 'usually' not good for day trader. The most important thing is that overall, June ended up green.