I just bought one of these glass sprayers, but it occurred to me that the little hose and attachment will likely leech plastic into the olive oil. I can clean it, but it’s always going to be filled up with oil and the hose is going to be submerged full time. Doesn’t olive oil rapidly degrade plastic?
Just heard someone say that most trading bots/algos trade the reversal, not the continuation. That sounded suspicious to me. Is there any truth to that?
Title says it all. Is there any place where I can see a schedule?
Why does it seem like the market can’t find its legs until 10 AM EST the last few years. I have my own theory, which corresponds to the Bloomberg report that the retail algos all turn on at 10AM and are visible in the books. And I think that larger players wait till 10AM so that retail carries water for them. But I know, I know, retail doesn’t move the market… So why is 10 AM the new 9:30? It’s indisputable that volume and volatility kick in at 10 now.
Edit: to be clear, I do not trade based on the clock, I trade volume fractals, makes no difference to me when the volume/volatility is so my interest is purely as stated.
Can someone explain to me how index futures will gap up/down and then at market open the corresponding stocks and the index have gapped up/down to maintain the same tight correlation between the futures and the index? I understand that stocks trade overnight on other exchanges in other countries, but that obviously doesn’t explain how it happens. Has it always been like this? I knew a guy who traded at Goldman who couldn’t even explain it.
Years ago I started saying that young men who played video games and bet on sports would change the face of the stock market, everyone laughed at me “big time institutions run the market these little fish mean nothing”. The times they are a changing! Have a look at options flows if you don’t think so!
I did not think it was a great book. A good read yes, but not great. And I haven’t re-read it in the several years since I first read it.
But, without fail nearly every person who I respect in trading says it’s the most important book. What did you get out of it?
Here’s the imaginary scenario: At every moment let’s pretend there’s 100 bids and 100 offers, and at every moment there’s a balanced number of market orders coming in. Is there a way to see whether the price is moving up because buyers are surging market orders versus limit sellers pulling orders? (And vice versa.)
I know this sounds similar to CVD, but CVD only shows an increase/decrease in market orders. I want to see whether price is moving due to an increase/decrease in market orders AND/OR an increase/decrease in passive orders.
I’ve tried watching the dom for this, but my eyes can’t keep up. I’ve also tried looking at heatmaps, but things happen so quickly that you have to be hyper zoomed in one minute and zoomed out the next.
Any thoughts on how I could see this type of information? Is there any sort of indicator that registers this?
Just wondering if anyone runs a simple aIgo via tradingview. I was working in Pinescript a couple years ago but gave up due to limitations. Lately I’ve been tinkering around with simple oscillator and ATR strategies, and while they’re only modestly profitable I thought about taking some of them live. Just wondering if anyone actually uses tradingview to do this? I’ve seen Pineconnector seems popular, any other recommendations? Ideally would like to be able to connect it to Rithmic somehow.
My hot take: the founder minted some coin selling boiler plate inspirational knowledge in his book, (selling motivational crap to aspiring traders is like shooting fish in a barrel imho) and has gone on to exploit it with his firm. There are a few people who have come out of it who seem legit, but most of it just seems like a multilevel marketing scheme. Just heard their top trader coach say that the best traders have around 20 playbooks. I might not be a millionaire but I’ve never met a single long-term successful trader who has more than two or three trades at most, and most of them just have one. The fact that their top trader coach would say this calls into question everything about the firm in my opinion. Dude was sent out on a publicity tour spouting this nonsense.
Just wondering if anyone’s had any experience with them and what you think. I don’t watch the videos and I’m definitely not considering any of their mentorships, but price is chopping around so I’m making my Reddit posts…
As always, just enjoy polling the sub. (Wish we could do polls!) The way I see the market is you’re either trading one or the other, even though I’m constantly trying to do both. Favorite trades are the mean reversion trades that just keep going. The worst is going for the breakout just to have it mean revert. Just wondering about y’all… what do you go for…?
Do you believe that there are a higher number of profitable algo retail traders versus discretionary point and click retail traders? Or do you believe that the barrier of entry is too high?
How is it that when I’m watching time and sales for NQ it will go:
2
1
2
2
3
2
194
1
3
2
And although that 194 passive lot never shows up on the book somehow it’s instantly there when the other side hits the market? Do big players have some way of communicating with each other beforehand?
Or trade the micro against the mini?
I take a scale out pretty quick so maybe it makes more sense for someone who trades like me. Getting on the trade is the tough part. Been doing this on SIM and getting good results. My levels are pretty much always a significant inflection point, but it’s still luck of the draw which way things break.
Are there any firms that allow mini/micro hedging, such as Long NQ short MNQ, Long ES short MES… Etc.?
Seeing posts lately about funding programs, and I keep getting hit with ads for Apex. Just telling you as a friend, don’t waste your time on any firm that offers intraday trailing drawdown accounts, the premise is completely detached from reality and runs contrary to what trading is about. They are designed to make you fail in ways that beginner traders don’t understand. They are basically a lottery ticket. Losses are part of the game, anyone who tries to severely limit your losses is no different than someone trying to severely limit your wins. Just a word of advice.
Seeing posts lately about funding programs, and I keep getting hit with ads for Apex. Just telling you as a friend, don’t waste your time on any firm that offers intraday trailing drawdown accounts, the premise is completely detached from reality and runs contrary to what trading is about. They are designed to make you fail in ways that beginner traders don’t understand. They are basically a lottery ticket. Losses are part of the game, anyone who tries to severely limit your losses is no different than someone trying to severely limit your wins. Just a word of advice.
I’m a lil slow sometimes so bear with me. Are you guys compounding your accounts? As a poor person (relative), I’ve been working on stacking out prop accts, but just started doing the math on compounding a small account instead. The math seems unreal but I’m not very good at math (I can haz da money ?) Should I switch from MNQ to QQQ and just compound a small account? I wouldn’t need the profits to live for another year-ish. Thinking of sizing up each month that I meet my % gain target? Keeping trades at 1% risk.
I know there’s a drawdown to recovery calculation to be considered but I don’t know what it is and can’t find anything online about it.
Been working on my risk management lately. Coming up with some questions I thought were settled for me.
Are you guys compounding your accounts? As in, are you leaving your gains in your account and increasing your position size? How often? And why or why not? Been running some numbers on sizing way down for compounding the gains / leaving them in my account to increase my position size slowly.
Thinking of moving to thinkorswim in order to daytrade QQQ. Not options, shares. What are the fees and or commissions per contract? And what is the cost to go short?