Do you only notice what GS does when a Democrat is in the White House. Take off the bias blinders and see reality all the time. Best to keep FauxNews nonsense where it belongs, on the boobtube because come on WTF does that have to do with trading anyway?
I don't know where you get your news, GS donates more to republicans than to the democrats. But as New Yorkers, no one likes Trump. The bankers prefer the establishments for sure.
Terrible idea. Successful trading looks just like successful decision-making. Randomly choosing things thrown at you is the worse way to build muscle memory and learn how to make decisions under pressure. Instead, you want to focus on training core skills -- what are the things you know about the security vs. what you don't know, and how does new information impact your assessment of the probabilities of outcomes? You develop those skills by studying key drivers of prices and the causes of short-term aberrations. The better you get at your core skills, the faster you can make good decisions. You should also monitor yourself to know when you would make bad decisions, and limit your trading through such situations. By trying to trade short time frames, you are learning nothing and experiencing very high levels of stress, which shrinks your prefrontal cortex and impairs memory and learning. Don't do it.
How are you so certain no one is making money trading very short timeframes? lol. I can assure you it is done. It's just not done the way all the slick talking heads on YouTube tell you it is done.
I can guarantee that no one is making money(*) manually trading short-time periods. Are there successful HFTs that print money? Yes. But none of the manual traders here would get accepted for an internship at one of them, much less compete for PnL lol. (*) high sharpe ratio + excess returns on a 3 yr or 5yr+ basis
And I can guarantee you that at least one person is. lol. And if I can figure it out a few others probably have too. You have an absence of evidence. You do not have evidence of absence. It's a common logical fallacy. Don't beat yourself up over it.
To be honest I do it with software. But it can easily be done manually if you want to stare at the screen all day. It is as far from HFT as you can get.
I qualified my statement -- would be happy to take my words back if I'm proven otherwise. I've traded at investment banks and hedge funds, no one is trading the 1-minute chart to eek out an edge lol. The methodology and approach of serious sophisticated traders is completely different than manual trading 1-min candles. If there was an edge in it, you'd see Citadel hire technical analysts instead of guys with IBD experience lol.
Hire people to do "technical analysis"?? Do you mean looking at charts where the X axis is time and the Y axis is price and a silly little squiggly line is added called a "study". lol. Why do you assume the answer lies there? Because everyone on YouTube is doing that? By short timeframe I mean intraday trades and going all cash at the end of the day. It is entirely doable.
I’m referring to “scalping” 1-min candles on ES. Are there other ways to make money? Yes. But there isn’t an excess risk premia (alpha) on scalping 1-min charts lol.