Durn schweiz don’t be so negative about vicente. I am confident he made more than 1 dollar per trade. The account size doesn’t matter. If he has a 5000 account and makes 400 or has a 50,000 and makes 400. What counts is he makes 400 and has no losers. Bottom line. Of course, in such a case, he is not using his potential to the fullest but nevertheless he is making money.
it does not matter who does majority of trading, they (institutions) do not control the market nor can actually profitably trade, they just accidentally, by the mere presence, create its forms those few who have a method have their lips sealed and accounts spread between brokers i actually surprised how much attention one newbie got , but apparently peopel are hungry
Ok, move the goalposts. Reverse engineering your particular strategy it matters not. Reading the market during RTH is a general idea that leads to profits more than less. How one goes about reading the market makes all the difference. We'll have to disagree that general ideas don't generate any profits. General ideas lead to comprehension. Comprehension leads to understanding. Understanding leads to discernment of underlying principals. The discernment of underlying principals leads to facility. Practicing facility develops one's capacity. Having capacity puts one in the position to receive the full offer of the market on any given timeframe. ymmv
Very well said. Successes in any profession/disciplines start with a fundamental understanding of the problems/issues.
So the general ideas don't lead directly to profits. That's what I wanted to say. It can be a starting point, but there are further steps needed.
If I had started this thread, I would have used No 1 insight rather than No 1 Secret. In trading I would say that bars generally get taller as a move progresses. An implication of this is that trading is one the rare areas where being late could be better than being early. There are other implications.