Confirmed. Over ten years of my own research has proven the same. Daytrading is not the optimal way to trade. Much of it has to do with regression from the mean. Day traders make the most money try to catch big price deviations from the mean. I found that on daily charts these big trend days get signaled one or more days before the event. Get in on the daily and manage the trade in real time.
Confirmed! Daily chart trader here. Weekly chart can also show you where the daily chart may be going. For example I spy a pullback (regardless if its temporary or permanent) on the SP500 to sub 1250 on the weekly chart which could form on the daily chart as a trade.
I remind all that you are welcome to discuss trading methodologies etc. but please restrain your impulse to switch to personal attack mode. Seriously, I know many are bored and prefer stirring it up with a little character assassination rather than the nuts 'n bolts of strategies and financial vehicles etc. But I want the Surf Report to remain on topic and everyone to stay civil. So if you feel the need to have this be about personalities instead of trading... best that you go elsewhere. Thanks.
That's right surf keep it coming. Reality gold did go to Sub 700 and if you had your stop above 1025 more or less when you entered that trade you would have road it all the way down to the October 2008 low Reality you were screaming short more than once on the ES SP500 and have been right. (only response was you were to chicken to hold it after picking up almost 20 points) You went on the sidelines and now your back in short.... That is not chicken behavior. Reality I look forward to more of your post win or lose it keeps me on my toes. Yet I walk with such calm.
Yep Surf, keep it up and good luck, although I would also find it easier to read the journal if you regulary added your year to date results.
I would agree that this should be the standard of conduct, if it weren't for the fact that surf continues to create aliases in order to engage in questionable activity, including personal insults, himself. ET user Dalmation is one of the most recent. Do the mods here have any stance on this kind of activity?