my day & night trading roundtrips are around 50 to 100 daily. I have it reduced. there are too many false signals / twists and turns / fake signals / undecisive movements ...
Difference in LT rates (15% below $500K) and short term rates (regular income) are a strong incentive to go LT. To find LT trade candidates, I'm a big fan of MACD crossovers. To see LT changes in MACD requires a lot of historical data. So I suspect many "traders" here opt not to pay for the extra data.
i see alot of noobs trader like to use macd, rsi, fibonnaci, ichumuku etc. me...i kiss. i used good old support and resistance.
my eyeballs. looks like today will be my 58 green days trading the spy and i'm gonna be done trading at 1 pm est cause i got my IT job to attend to ( also did 1 order of food delivery this morning). these day....i'm not trying to hit home runs anymore. i'm only hitting singles and double and sometimes if i'm lucky triples.
%% I like the large numbers on the research\ +the few straight trend lines i use , don't help that much. Even though i just used one in that first sentence. Most of my [careful auto-drawn-LOL+true], auto drawn trend lines follow market. They lag too much to completely depend on them but I find them more useful than the [few] straight lines i draw. Straight lines i draw/ help more on older account statements, which include many time frames.
IT is big field....don't assume all IT do is programming. even thought i study computer science in college, i didn't go into programming because it isn't for me. let me look at my trading journal for today...20 winners and 3 losers so far....58 green days and 14 red days now since i implemented this strategy.
I don't think I fall into the category of "noob" traders. I first got registered Series 7 in April 1982. That was 4 months before this bull market started.