Is playing roulette in a casino gambling? To Ed Thrope it need not be: https://www.edwardothorp.com/wp-content/uploads/2016/11/SystemsForRoulette_l.pdf Is day trading gambling? To you and I, yes. Is trading options gambling? To me, no. Will the pros tell you how to proceed? They already pointed you the way. Will they give you their secret source? I suspect not. I simply learned to carefully read between the lines. Believe me, the answers are all there. Even some handles tell a story: @TheBigShort, @MACD, @Slope Trader, @Buy1Sell2.... If you are truly passionate, you will find your own path to that pod of gold at the end of the rainbow because I found mine. Good luck.
@Redneck Haha. I thought you have found your path of melancholy, but instead you are still here with the rats & their race. What a surprise! Nevertheless, welcome back buddy.
When I went through this thread couple of years back, I thought the obvious was as easy as the ABC. Now I am doubting myself..., like LF mentioned earlier.
For someone who joined ET in 2013, one year earlier than I, you have only 4 posts. Perhaps that is an indication you may not be passionate enough to look hard enough?
It is about day trading. I first came across it in 2015 and for years thought it was BS. From reading your post, you know this business and my guess, a successful trader. You won't find anything useful. But if like me, someone inexperienced, keep trying to find the day trading "holy grail", this thread could be a game changer. The beauty is, the obvious was never revealed, so it is up to each and everyone of us to find our own obvious.
Maybe you are correct. I mostly trade options, with multiple-day holding periods, so day trading is not my cup of tea. I have been lurking here much earlier than 2013, mainly in the options forum. A lot of useful information (much less cryptic) there in the older threads, so never felt the need to post I don't think it is fair to go by the post count. Funny story, you mentioned this thread in one of your posts there, that's how I discovered it. But by that time most of the original posters left/MIA...
My apology sir. So funny. In 2013, I switched over to options and never looked back, until this year.
I believe in this because risk management and position sizing are like advanced tools, but they won't work if you don't get the basics of trading. You need to understand how the market works and how people think about it before using these tools.
I just noticed this post. Not exactly an example of a "low risk entry" or a tight SL; it sounds more like scaling in... Could it be he stacked his "boxes"? But then he had to know the limit (number of boxes)