The more I look at swings the more beautiful they become. Although a lot slower to materialize my previous type of trading is very similar to swinging but now I can compare and contrast both types of trades. In intraday trading I only focused on price, but now in my pursuit of swinging I am noticing the importance of volume. In intraday trading the SP500 I look at the general trend and try to capture a small move of that trend. In swinging I look at the larger trend and do similar. The difference is, now I can focus more on other aspects as time is not a worry. Volume was not important in intraday trading to me due to the strength of random moves. In swing trading since market impact is important to larger players the impact matters and sometimes they continue to sell off or accumulate. Also since I used to trade 0DTE options with some success I am more keen on the aspect of strong moves/timing. As 0DTE options decay with time your move must be correct now, not in an hour. Also the benefit of volatility is important as it increases the price of the options as dramatic moves happen. What truly is beautiful is compare and contrasting the differences in intraday and swinging. With a few observations under my belt on daily fluctuations hopefully I can better hone in on what signals are best when combined. A few ideas were already given in this journals by others. I think the most important though is of course the trend, then volume, and lastly the wicks of the daily/weekly/monthly bars. The trend is of course important to determine direction, the wicks of a bar show the decision of a market(multiple bars with a lot of wicks shows that price is still determining direction. Conversely very few wicks shows determination to move toward lower or a higher price. Although the wicks are highly dependent on the time frame you use), and lastly volume determines the number of eyes and the potential for it to have a fomo like move. Take RKLB as an example, although my entry was good, it was cut short and now there are crazy wicks on the daily bars and weekly. Look at HIMS or JPM for the opposite. Seems like I know what I need to do. Although I am not saying all of theses signals together will determine exactly price will continue higher but truly betting on a stock to show continue these signs in the future while cutting ones that don't is what I am going to pursue while I keep observing the market. I am up overall from intraday trading the spy by 16%(0DTE Options, so leveraged gains and losses). For swing trading I am still positive after selling my JPM since it was a very large position, so losses from RKLB and CART are very minuscule. Also injecting cash from my job as well. Life is going well . Edit1: Also today my watchlist was literally all green(around 11 stocks filtered from my already filtered list), so it is most likely the impact of the overall market. I think an interesting idea is that almost all stocks move together on breakouts, that or I am crazy.
You are another faker. If you really traded, you would post your broker statements. You have ZERO credibility here. And your username is fucktarded.
You gotta try options man, it's insane money if your bet is correct. Didn't mean to come off as a faker. I have stated multiple times I am not successful at trading and am still actively learning. Just sharing my thoughts and progress.
It doesn't MATTER if you are successful or not. Without a real-money journal, your journey means SHIT! Just look at MY journal! We don't care if it profitable or not...We care if it is REAL MONEY! Like, Hello? And options are for insane folk. Psssshhhawww
Lol, maybe this is just a lucky streak. If you flip a coin a billion times the chance of there being a long string of consecutive wins/drawdowns gets larger. I appreciate you pointing it out. I am actually pretty confident in my life in general, as my habits are compounding and seeping through different parts. So the way I speak also comes of confident as I have said before. Since I am in this lucky streak I hope it continues or maybe it is all skill . But I can guarantee it is real money. And all of my swing trades have been real time except some of the exits(stop losses), since I work a job. But my words matter not for proof of real money. I am in it to make myself rich and the conversations that happen with others like yourself are just part of opening my thoughts to the general populace. If they help or not is up to me to make use of the information. Thanks though.
Well I am back just to give some thanks. I just want to say thank you to everyone who responded to my journal good or bad. I am doing quite well and conversing with @themickey on this website has helped a lot. A lot of the ideas were already in my head and I still do chase the market. I am now trading intraday more than ever. What I have learned is really to follow the trend and just cut the losses. I have a 54% win rate on over 200 trades right now with a positive EV. Just trying to catch big swings. I expect the price to move quickly in my direction and I follow the uptick or downtick(1s timeframe or 1m mini trends). My trading type is a positive skew with a few big winners and a long tail towards the positive side. It really is a very beautiful game to play. The hardest thing really is losses. I have been trying to develop mental techniques to accept losses. Although they are small and it seems like I am flipping a coin it still is really painful to just see a negative balance on the day. Since I chase I am always fearful of the big moves against me. There is like some underlying feeling, but looking at there 1second or 1minute time frame I usually trade you can just see the selling. I am not sure how to put it in words really since I am still developing ways to counter feeling bad for losing. Another thing is volatility. As it may be different in how we define it between us conversing here but for me volatility means market participants. You can see on days for the SPX that there are just hella people transacting at a certain price area. Like trying to play inside this area unless you are using the smallest of timeframes or tick frames is just going to kill you. A lot of overshoots and undershoots making people get stopped out. So the importance of this game of trading is essentially extracting information. Every bet a poker player makes or check, or check raise will provide information on his range of hands. Similarly with the market. Every cross to hit the bid or ask will give information. That is why it is important to follow the trend. These are market orders showing demand in a certain direction. Why fight this direction? There is someone behind you supporting you. You are just front running everyone else in this and trying to sell to them. In the volatile times(my definition) there is opportunity to make money from these explosions on either side but really if you want to reduce your variance or drawdowns you should probably not play these areas. Another interesting thing is just waiting for explosions when trading. Some traders? Who knows who they are just exit there entire position or there is a book of stops here and once it break it just explodes the liquidity of the market shrinks and the market orders that flood the field just hitting all the limit orders. I am thinking of implementing a limit order for these moves. Since I chase really even in the most volatile times and just cut my losses quickly I can re-enter but that is what I am working on. Trying to extract profits from these random poisson distribution of events(tbh probably not a poisson distribution). The dangerous thing with shorter time frames is that bigger timeframe players can ruin or make you, but that is what I am trying to profit off of now or should I say think of trying to solve or maximize. Really it is the process and the mental. The trend is your friend, just cut your losses and let your winners run. It really is that simple once you can see it. Look into yourself and judge deeply. Anyways peace. I come here every now and then to see the interesting characters here. I just wanted to thank some of the people who helped me. This could all be luck as well the biggest luck that I have had in life . Logging off, see you all later. Godspeed to myself once again .