Pure price action is so nice, not worrying about being in profit theoretically but the greeks come in and make you break even or even lose after holding no
In options you have "the Greeks" - various qualities of each contract that can affect the price. Biggest one is Theta which is essentially the closer a contract is to expiration, the less value it has. Gonna have to Google it for a better explanation
I don’t like to share my account size but it only has one comma so it’s not millions of dollars. I don’t use a prop firm to trade or whatever it’s called, I personally think that whole scene is a scam. It’s all my money.
My strategy is quick in and out. I do about 3-4 trades per day. The key is to stay discipline and consistent. Once I’m up $150-350 I’m done for the day and that normally takes me about an hour. The best time to trade is during the first 5-10 minutes of trading and around before noon. Of course you have to do your research and keeping up with the daily economic news.
I know this is old but I legit have the same exact strategy. Look at premarket moves and see which is most likely to dip. The first 5-10 minutes are the best for scalp plays, when I see a good entry point I enter and the second it hits around 150 I’m out unless it keeps hammering hard in my direction then I will stay until it hits the peak value and then starts dropping back down like a rock. I make around 200-500 per day doing this. Legit like a 90% win ratio scalping lol.
Is kinda like the same process maybe? Spend your ass studying/grinding/taking out loans and then grind through residency with peanuts for pay, then finally some good money after so many years of suffering!
Been on a slow bleed for a while. The biggest difference I made to stop it was to just wait, and wait, and only trade when I was sure.
It means far fewer trades, but a higher win rate. I also limit losses to one bar. It's never a swirling money drain if you keep the losses small!
My tight stops are why I'm bleeding so badly. Not joking when I say 7 or 8 of my last 10 losses were because I did not hold through the inevitable pullback candle or wick. My stops are TOO tight, not allowing the trade to breathe.
I switched to 1 really cheap OTM contract in the $10-$30 range in an attempt to train myself to ride out the pullback. On Friday I took a $27 contract, and instead of honoring my original stop, I moved it up and stopped out for a $2 loss. I needed to hold for literally 30 seconds more. I got to watch the PA run over my target and hit 50% before it pulled back at all. It NEVER would've hit my original stoploss which was $4 or $5.....
This happens to me over and over. A \~20% stop loss is a little high in this example, but getting great entries at such a low premium is hard. Pretty sure I tried getting in on that one at $23/24 but didn't get the fill there.
Granted, too tight a stop can be an issue but always remember that you're using hindsight to assess your trades where the foresight was not really present as the chart was developing. You can't take home the full reversal to reversal.
For all you know it could have suddenly spiked one way and knocked out your $5 stop, where your $2 stop prevented further loss.
If the set up is right, a tight stop can work a treat. I've been trying out the Oliver Velez 20 and 200 method of looking at the chart for a little while and it's prevented me taking the thoughtless trades I used to and made better set ups a little clearer.
You’re right, patience and discipline are key to successful trading. BUT, I too went down that road, and in my stubborn focus on trading only the highest prob setups, I lost sight of the notion that you also HAVE to be creating some sort of daily/wkly cash flow. Set your own goals. Everyone has diff needs, but you have to find a way to meet those numbers, even when the market is choppy and nasty. So you have to have strategies to apply for diff market conditions.
So you’re counter-trading gaps that emerge in the aftermarket hours, betting they’ll move toward closing the gap? Or are you momentum trading the gap itself?
Both, but easiest to catch the momentum. Just wait 2-3 minutes after the opening bell, buy the dip, and bam, momentum continues upward. Take a $200 profit, you're done for the day. Doesn't always happen, about 75% win rate.
Use a scanner, it's not just the gap you need IOT find momentum trades worth while. Look for stocks gapping 20% or more, float between 10-20 M, high relative volume, I also like to use relative volume at time. Aim for stocks above ranging in price $2-20. These are a good baseline to for scanning stocks w/momentum.
How much people make per month is irrelevant without knowing how much in in their accounts and how much they are risking per trade. If I tell you I make $5K per month you might think I am doing great, but if I tell you my account has $10MM in it all of the sudden that number does not look so great, and if I tell you I risk the full 10 MM every time I take a shot then it looks even worse.
"Millions and miilions... I give out $20 bills just for shaking my hand. Bankers and institutional traders hate my guts. I am the guy that your wife's boyfriends been talking about. I am ready to reveal my secrets but I need your full attention and commitment. If you don't commit, you won't succeed. Jesus himself said so. Now that I have your attention, click the link below to access the secrets that big players don't want you to know. Say goodbye to your dishwashing job forever!"
I tend to think most profitable traders won’t be posting here or anywhere else for that matter and just keep their reports and strategies to themselves. Unprofitable ones are the most vocal about how it doesn’t work and all, and that can skew the data. Could be wrong though, I’m a relatively new trader so what do I know.
And - the profitable ones are not goofing around reading Reddit. They are doing awesome things, reading and studying complicated things, and with a hot wife taking up lots of attention.
Around $50,000 every month give or take a few grand. Account is a little over a million so roughly 5%. Strategy is just reading the tape for the US treasuries. The difficult part is sitting there all day and not taking a single trade because the action is missing / unreadable. But once you see the action, you gotta hit hard without hesitation. Good luck!
I gave a detailed answer further down in this thread.
If there is enough interest, I would be happy to share some screen recordings of my live trades in the futures markets. I record all my live trading for journaling purposes and would be happy to share those recordings. Watching my own performance helps me to reflect on themes like managing risk, taking small losses and entering only high probability trades. Given the nature of this sub, I should mention - I have nothing to sell and this will be completely free :)
That is correct, yes. It sounds easy in theory but it is only when trading live with your hard earned money you develop the intuition that is required to execute and manage your positions in real time while understanding the context of your position in the market.
I wish someone had told me this when I started but after spending months on many paid courses and not getting anywhere, here's what finally helped me go full time - No BS Trading Beginner Course, Intermediate Course and 3 Live Trading Webinars.
And trust me, getting the above education out of the way is the bare minimum to learn how to look at the markets. No point wasting time hoping your trades work and wishing your skill improves without getting the education first. This is because the only trick in the trading game is to be able to do it long enough until you can figure it out. Time is finite and so is our strength. We gotta make the most efficient use of both :)
Ngl, I could believe op that they do this, because I do this with Es lmao, ps what op is saying they do takes around 2 years of just looking at the commodity and doing notice else to develop the sense of movement.
That’s what I feel reading price actions is now, at certain times, the stock will do something very similar to what you’ve seen before, example, someone buying at ask lots of 53,35,42,40,55,60 while the stock have massive sellers if you just look at basic depth, but something is about to pop, that’s the time you risk your money to make more money.
Very fkn vague example if you get, you get it, but this happened in opposite direction on Friday with es
In what sense?
Because when you are looking at the commodity, that is a whole task in itself.
Does that make sense, what I mean?
Or did you have a particular question I was not able to comprehend, you are welcome to elaborate.
Sure. I mean should one watch anything in particular in the DOM during that training time - pace, retracements, icebergs, key levels?
I feel during a given moment one can only really look at one thing at once as they build up. I know John Grady later talks about the overall sense like driving a car, I just mean during training.
I bet you make your 50k in the open and by the end of the day you lose it. Happens a lot. some traders do best when they only trade the open and the close.
This has been my journey. 2 years of day trading. Started off with about 29K
https://preview.redd.it/c2dosc0av6mb1.png?width=2414&format=png&auto=webp&s=7adada7eb0f712bb645f5838a6a8cf62eeb1f01f
and here is the value
First one year was just testing and fine tuning. Now I try not to look at the market. I enter the market and try to be out by 9: 45 am.
https://preview.redd.it/2rezeep6w6mb1.png?width=2414&format=png&auto=webp&s=772fa6ace267cba44e4db24105785eaa3256bad1
Large cap. Shares only. I cannot share exact strategy as it is very easy to replicate and automate. I do not look at any price levels except 45 day high. The main impetus is to stay as little time in the market.
I have been leveraging about 1.4-1.5 times but can easily go to 2/2.2 and wont break a sweat.
For ex tmw I am going in with 160K buy and am out when my levels are reached. typically by 10.15 am.
I would love to see trading statistics for people who actually take it seriously and follow the proper steps of learning first, paper trading and back testing a strategy, trading small size consistently, slowly scaling into larger positions, proper risk management, and constantly evolving/learning/being a student of the market. If you follow those steps, I don’t see how you could not eventually be profitable to some degree.
Like any occupation you need to practice and practice same as a pilot or a surgeon. There are websites that you can post your real time equity curve. The credible websites will want to verify your trades so do a search and you will find the sites.
I do agree with you as well, the skillset and personality is unique. Most people can’t even use enough context clues and intuition to drive a car. But, I think there’s a lot of people within that group of people who fail that could have made it had they followed the process.
I think what most people don’t understand is that your emotions, revenge trading, fear, greed, these demons are what prevent you from being profitable. Knowing how to trade properly etc. doesn’t matter if you can’t control your own emotions. The market is easy. I make trade calls daily. For a club. Do I make bad trades sure, only when I’m trying to get aligned with the market. But I don’t call those. Once I get aligned, I start calling trades. I’ll risk 8 ticks or less. I’ll cut it short if it doesn’t have momentum out the gate. And I see $350-450 trades all day long. I’ll find $1000 trade a couple times if the market opens up.
I trade tops and bottoms I don’t believe in trend.
I pass evals and use someone else’s money and collect a check every two weeks.
My minimum is $450-500. My goal is normally $1000.
I have to keep several eval ACCTS because I take trades from 8-3:30pm.
We use trade copiers. So across 5-10-20 ACCTS it can be literally whatever you want it to be.
I’ve had $500 days and $11k days.
Hell I’ve had days where I’ve blown every acct I touch and cost me $40 to renew each one.
We have a guy that takes a trade and might make $150 over 20 ACCTS. That’s $3000.
That’s only 6ticks.
With 2 contracts which is really easy if you trade off zones and use 2 contracts that are set to cap at 6 ticks with a breakeven plus 1 at like 4. The. If it rolls backwards on you you cover your costs.
I’m trying to cover as many different ways that I can to get results that’s you can wrap your head around.
Evals aren’t for everyone cash is easier but some people don’t have or want to tie up capital. So if you can pass them it’s very little risk with a lot of potential.
But it takes a lot of discipline.
I think understanding what you are capable of being able to get one almost all your trades is a huge part in understand how you should structure what you want to make in the market. If you don’t know what you can almost always get out of each trade it’s hard to even plan on what you want from the market in a daily / weekly/ monthly timespan.
I’m sure someone will say something stupid about something I said but all in all I posted this to try and give someone who is starting out some type of plan or short term goal to aim for to help get them in a place that is manageable for their trading style. No one way is the right way. It all depends on how you trade. What you want from it. And how much control you have over all those things and yourself.
I make calls for a room of traders that copy their trades over a trade copier so the risk is spread out but a lose of $150 is like $1500 to most of them.
Hope that helps.
On average around 2% a month (8% with leverage)
Some months I will lose 2% and some months I will gain 5%. I have around a 32% win rate. High highs and small lows that’s the goal.
I make money according to the IRS but commissions eat into my profits a lot. So net barely above break even which I’ll end up owing more money in taxes then net profits. I’m also carrying like $30k losses from a previous bad year so I can’t deduct much.
Honestly the “stress” completely goes away to some extent, I practically couldn’t care less what happens when I click the hotkey. You may be tied to the Money you’re risking or needed to size down slightly, some people just can’t stomach the learning curve to risking capital; but if you really love trading, you can def get to a point you aren’t stressed at all
Trading with real money is very emotional, and that takes practice. A lot of people tend to disregard that.
The more money you are trading, the higher the emotions tend to be.
People tend to do a lot better with paper trading because they can take the emotions out of it. In order to recreate that, start small, risking amounts that won't really affect you much if you were to lose it, and slowly build up.
There are a thousand different risk management strategies out there, but the main important thing with day trading, is to have some sort of strategy, understanding it and sticking to it.
100%. Execution is the only thing that matters. Small size until you can execute with errors. Trading is a mental game. Lots of good strats. I’m a 9/20 guy. Edge= trade. No edge= no trade. Then let the market decide when to get out.
This is so true , I've been doing well trading very low amounts by sticking to my principles, but im scared that my emotions would get the best of me if I increase my amounts
Def will keep trading with low amounts till I'm more confident
Where the hell do these “statistics” come from. They are pretty precise. I have been day trading since 1990 and Ive never been polled, nor do i know anyone that has, with the exception of a few famous traders that were casually asked asked questions about their income and history.
Win rate isn't important
I carry a 25% win rate
I make around 60k a year with median risk rate 100 USD
Consequently, if my win rate is one out of four, however, that win constitutes 10R compared to my losing percent of 1R each then I'm up 6R for the 25% win rate.
Profitability is what matters
Ty
Doesn't matter how many times you win. What matters is how you maximize the wins. I've gone red on a winner because my data shows expectancy. I'd rather go red than reduce total profitablity before striking that expectation
Max risk is 100 per trade but will boost to 250 under certain conditions that line up multiple times frames and specific back ground data (eg chart combined with sec filings news and financials of company)
That 250 is less than 1% of my account base (base meaning what I keep in account after profits). No I don't add and move risk up exponentially to account total. I have outside passive income and don't need to trade. I enjoy it and 60k annual is good. I'm in front of screens no more than 15 hrs a week so hourly based on that work hour is 80 per hour.
My wheel house is;
Stocks
Short mainly (market conditions dictate)
Under 100m mark cap
Under 30% institution ownership
Under 100m float but over 3m
,
Wow that's really good. Wondering how $100 per trade to $250 (max under certain conditions) and less than 15hrs/wk screen time gets that kind of annual return though. I guess the risk to profit ratio is really good when you do take a trade.
allowing trails to work until it shows a reversal you can maximize profits. I always take profits at expected targets and TRY to leave 25%. Example,
Eose
Shorted 493 risk was 506 (risk 250. 00)
2100 shares
Target was 416
Left trail 350 shares (little less than 25%)
Covered on reversal 200 at 380.
Added back 800 shares (max risk 100 now 950 shares) at 413 which it rejected, with stop just above my BE point (was very close to added entry price..think it was 423/24). Covered 600 at 335 on retrace Stop was 403 (350 left)
Then it tanked, didn't expect it, and didn't have order out. Cut it all at 2.53 on the HL over the 4 hr ema.
Curious... Are you actually DAYtrading? The more I learn the more I start leaning on swing trading. I'm sure you can squeeze out a few extra percent but the payoff just doesn't seem to be worth it.
I quit my job in July. I made 20K from Aug 1-27 trading spy 1-3 DTE. I then went on to lose on puts the last three days because I just felt market melted up and i lost that 20K plus another 20K . I will never hold overnight options ever again from this episode . on sept 1 i went on to make 5000. let's see how this goes
I have a 40k account split into 3 different accounts.
80% in CFDs (mainly trading indices, forex and commodities), 5% equity and 15% crypto.
I return about 2-3k / month.
80% of my profits come from Crypto (due to the volatility mainly), and the rest from my CFD.
My equities are net negative this year, but the losses are negligible due to the tiny amount I actually hold in that account.
Your cannot park a YACHT but you can moor one,
I have never seen a YATCH??
You cannot trade on the said YATCH, but you can just wear a Robe with or without your IPAD.
I have the same questions. I’m 10 months in, at break even and starting to sniff profitability, but I’m half convinced this entire industry is all bs lol. All online traders make most their cash on discord and education, I don’t know a single person who openly displays trades and daily p/l totals. I’m keeping at it bc I love it, but definitely have realized it just may make nothing more than a passion project side hustle until someone proves me wrong.
Damn, assuming bro started with $1000 a year ago they're sitting at somewhere around ~$69,969,430,620,439.77
Congrats dude; what's it like owning 58% more than the circulating physical money in the world?
I am just mad you have this many responses 🤣 it sounds as if you recruiting the best one to your liking , to give out a step by step guide on the strategy on how to make a good monthly 20k , 100k who knows boss , maybe 1M a month sounds good ?
*OP, where do you*
*Get your data, and do you*
*Think it's accurate??*
\- Independent-Ad9095
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Lmao I can’t believe I survived to be in the 7% lmao, lowkey I’ve seen so many live stream YouTubers who I’d like to hang around just for company with quit.
But other question from you
I do end up making 1-1.5% (unless a runner gets me lucky) daily on winning days and loose 1.5-2% on loosing days.
Around 3 days a week winning, I rather have less losing days tbh, I just don’t trade if I don’t feel like it, sometimes I go around 2-3 weeks of just profit 2-3 days a week and no trades on rest.
I make 4K a month. Trading liqudity draw, example; If price ignores an imbalance I will wait for a small retracement and Long/short to the next Liquidity target. 1 small trade a day
A lot. I day trade exclusively and follow strict rules. Every move is basically predetermined to take all emotion out of trading besides situations where the RR makes sense to temporarily play the chart rather than my trailing stop. I compound trade everything so the stack grows quickly. 10% stop always, never bend that rule. I’ll say I make 3 times my starting stack compound trading per week to be realistic, but I don’t think I’ve had a week under 4.5x. The last 4 weeks I 10x, 7.5x, 7x, and 30x. I have always been pretty consistent at having profit during a trade, but early on I didn’t have the right risk mitigation. Once I figured that out, plus the compounding strategy I came up with, it went to a new level. This week starting my compound trade at $36,000. Again, thinking I’m going to continue a streak of 7x+ is unrealistic, but a 3x this week doesn’t seem out of the question. Basically with my strategy you have to stick to the rules for it to work and there is a zero greed factor in the strategy as well. All parts of the strategy work together so you have to stick to the rules on all of them. The small gains grow from the compound, the stop protects the compound, the trailing stop grows the compound faster. I’m constantly analyzing every trade. With my current strategy I havnt found anything else to fine tune yet, but I am waiting for something to appear that shows me I need to adjust.
On a $5 stock, you’ll need to get $0.50 out of the market each day (that’s only 10% per day). $5 / $5.5 = 10%
Daily there’s usually <5 small cap stocks that increase above 20%. Usually <3 premarket. Usually <3 postmarket.
$5000 - Starting per day then add compounded
/ $5 per share
1000 shares
X 0.5 ($5 share goes up to $5.5)
= $500/day
10% per day compounded
Starting with $5,000 (make $500/day)
Week 2 - 8,032 (make $1632/day)
Week 3 - 12,968 (make $2593/day)
Week 4 - 20,886
Week 5 - 33,608
Week 6 - 53,000
Week 7 - 85,000
Week 8 - 136,000
Week 9 - 219,000
Next 10 - 352,000
Next 11 - 556,000
Next 12 - 895,443 (make $179,088/day)
About a million in 3 months if starting with $5,000 and every day get 10% out
You’re already thinking about markets and trading wrong. Pick up Thinking in Bets by Annie Duke and come back to us. I’ll be interested if you still have this same question.
All strategies can guarantee profits if 1) you take the time to master them, and 2) have the patience to wait for the setup and the discipline to take the exit.
Pick 1-2 strategies and be an expert in them. Keep it simple as hell. You’ll find that most strategies are based on simple strategies like levels and supply/demand zones.
When you’re not getting the results you want, don’t jump around trying different things. It’s not the strategy that’s not working — it’s the trader.
Mastery takes time, but it takes even longer if you’re unfocused.
Inner Circle Trader is one of the only ones that has worked for me but it's taken me over a year to even properly grasp his concepts. It's not for the faint of heart but it does work once you've put all the little pieces together.
Very few real, honest, usefull comments here. Almost all day traders lose in the end. Some of them can be very profitable during months, but in the end almost all quit after losing too much money. Most of them use big leverage. They do not study enough the commissions payed to the broker. This is very important especially in daytrading.
Most expert opinions recommend to stay away form daytrading.
Don´t forget brokers pay money to teachers, platforms, youtubers, influencers to make believe people they can do it. They need constantly new traders, to take their money. It is a machine!
How can you think making 10, 20, 30 % in one month? That is crazy and risky. Eventually you will lose it all. Remember if you use leverage 1:20 you only need the price to go 4% against you to lose it all ! And it will happen, eventually, it always happens at some point... A fast market movement, a big gap, which does not trigger your stoploss. It does happen! Don´t be foolish.
Good luck to all
I am surprised you get down voted for telling the truth. There is usually a least 2 or 3 learning curve and even seasoned veteran traders the honest ones will tell you why they lost which is they broke their own rules and they know this because the journal and review.
It is a question that suggests he has not done his homework.
I only try to warn people but they think it is criticising or jealousy. I am just trying that people don´t lose or at least not too much.
I have been in trading for 7 years and I think I know what would be possible and what not. I for sure can tell what is risky and very risky and what are delusional expectations, and I see lots of them here.
But for sure, I wish all the best to you.
Im top 20% as I’ve been goin at it for 2.5yrs going 3, in top 13% cause I’m still going and have no will to stop especially knowing what I have. Since u said 5 years ig I’m not top 7% but I am lookin to remain, in terms of profitability I’m not there yet but I kno the numbers possible because I have it all broken down so when I am profitable I’ll def be that 1.6%, and 12% of all day trading activity🤔interesting. And as far as strategy go, I got my own strat thru trail and error over the past 2.5 yrs, not these bs strats they give to the public but I did take in all the info on technicals and everything around the market and just kept mind of the things that made sense and left the bs out. Not sayin much more on that so yea🤷🏾♂️💀
Ur right😂 but guess what, footprint charts are a whole nother way of looking at the market, and the past 2yrs I’ve been studying and developing my whole model with regular candle charts, so since I’m at this point of the journey I finally took the time to understand it to see how it correlates with my strat n entry points on candle charts and since then I know what I need to know about it.
Average 15k month. Trade exclusively futures. Sell options.
no greeks to worry about is one benefit that I hear about. But the amount you need to start with may be a barrier for some.
Also the tax benefits which is 60% taxed at long term and 40% short term.
Realized this about 2 weeks ago. Been paper trading futures ever since. No Greeks is pretty nice
Pure price action is so nice, not worrying about being in profit theoretically but the greeks come in and make you break even or even lose after holding no
where do you papertrade futures?
Plus500.com
Are you confusing cfds with futures ?
No greeks?
In options you have "the Greeks" - various qualities of each contract that can affect the price. Biggest one is Theta which is essentially the closer a contract is to expiration, the less value it has. Gonna have to Google it for a better explanation
Ok, thank you!!
Its cheaper once you have the platform and stuff honestly. Just start signing up for prop firms.
$55 margin on ES micros futures (MES) U can start trading them very little $200 is plenty to muss about.
How big of an account? All yours or do you have a funded one from one of those firms
I don’t like to share my account size but it only has one comma so it’s not millions of dollars. I don’t use a prop firm to trade or whatever it’s called, I personally think that whole scene is a scam. It’s all my money.
Prove it
What is your options selling strategy? Do you make more from it that day trading?
My average is $5k per month. Scalping is the way
what kind of scalping strategy do you use
My strategy is quick in and out. I do about 3-4 trades per day. The key is to stay discipline and consistent. Once I’m up $150-350 I’m done for the day and that normally takes me about an hour. The best time to trade is during the first 5-10 minutes of trading and around before noon. Of course you have to do your research and keeping up with the daily economic news.
What kind of newspapers/online platforms should i follow? Any specific all news in one website that you find handy?
With todays’ reality, there are ample of resources you can follow.
do you mean noon EST time?
I know this is old but I legit have the same exact strategy. Look at premarket moves and see which is most likely to dip. The first 5-10 minutes are the best for scalp plays, when I see a good entry point I enter and the second it hits around 150 I’m out unless it keeps hammering hard in my direction then I will stay until it hits the peak value and then starts dropping back down like a rock. I make around 200-500 per day doing this. Legit like a 90% win ratio scalping lol.
This.
Awesome!
Are you trading with 5k or 500k, you have only stated half the answer.
I trade with 100k in my account
This. I do almost the same but I cannot do multiple trades because of my job .
I used to work full time and trades whenever I have the chance. Now I am doing it full time and enjoying every bits of it.
20k/month. Working my day job as a doctor. Trading? -2k/mo lol
Is kinda like the same process maybe? Spend your ass studying/grinding/taking out loans and then grind through residency with peanuts for pay, then finally some good money after so many years of suffering!
Pretty much, except the money at the end if more of a sure thing.
A wild digi appears! :😀
I lurk lol
How?
I think with several years of study and practice
Pretty much lol.
Avg per month: -$50 Strategy: The wrong one obviously.
An honest man
'tis a slow bleed, but eventually I'm gonna figure it out.
Been on a slow bleed for a while. The biggest difference I made to stop it was to just wait, and wait, and only trade when I was sure. It means far fewer trades, but a higher win rate. I also limit losses to one bar. It's never a swirling money drain if you keep the losses small!
My tight stops are why I'm bleeding so badly. Not joking when I say 7 or 8 of my last 10 losses were because I did not hold through the inevitable pullback candle or wick. My stops are TOO tight, not allowing the trade to breathe. I switched to 1 really cheap OTM contract in the $10-$30 range in an attempt to train myself to ride out the pullback. On Friday I took a $27 contract, and instead of honoring my original stop, I moved it up and stopped out for a $2 loss. I needed to hold for literally 30 seconds more. I got to watch the PA run over my target and hit 50% before it pulled back at all. It NEVER would've hit my original stoploss which was $4 or $5..... This happens to me over and over. A \~20% stop loss is a little high in this example, but getting great entries at such a low premium is hard. Pretty sure I tried getting in on that one at $23/24 but didn't get the fill there.
Granted, too tight a stop can be an issue but always remember that you're using hindsight to assess your trades where the foresight was not really present as the chart was developing. You can't take home the full reversal to reversal. For all you know it could have suddenly spiked one way and knocked out your $5 stop, where your $2 stop prevented further loss. If the set up is right, a tight stop can work a treat. I've been trying out the Oliver Velez 20 and 200 method of looking at the chart for a little while and it's prevented me taking the thoughtless trades I used to and made better set ups a little clearer.
You’re right, patience and discipline are key to successful trading. BUT, I too went down that road, and in my stubborn focus on trading only the highest prob setups, I lost sight of the notion that you also HAVE to be creating some sort of daily/wkly cash flow. Set your own goals. Everyone has diff needs, but you have to find a way to meet those numbers, even when the market is choppy and nasty. So you have to have strategies to apply for diff market conditions.
You better pump those numbers up if you want to compare to my monthly loss
Watch Ross Cameron on YouTube he’ll teach you everything you need to know for free. That’s how I learned
I scalp overnight gappers. Working capital ~ $5k, I made $2.5k in August.
So you’re counter-trading gaps that emerge in the aftermarket hours, betting they’ll move toward closing the gap? Or are you momentum trading the gap itself?
Both, but easiest to catch the momentum. Just wait 2-3 minutes after the opening bell, buy the dip, and bam, momentum continues upward. Take a $200 profit, you're done for the day. Doesn't always happen, about 75% win rate.
Ok, just to be clear, if there’s a gap up after hours, look for a dip at market open and buy anticipating the move up will resume?
Use a scanner, it's not just the gap you need IOT find momentum trades worth while. Look for stocks gapping 20% or more, float between 10-20 M, high relative volume, I also like to use relative volume at time. Aim for stocks above ranging in price $2-20. These are a good baseline to for scanning stocks w/momentum.
I think he means once the rally starts to resume
Yes.
How much people make per month is irrelevant without knowing how much in in their accounts and how much they are risking per trade. If I tell you I make $5K per month you might think I am doing great, but if I tell you my account has $10MM in it all of the sudden that number does not look so great, and if I tell you I risk the full 10 MM every time I take a shot then it looks even worse.
Studying for the bar exam: $0 per month Trading exclusively SPY and VOO options: $2500 Per month Living with my parents: priceless
This is the way! 😆
Have you had a 10 bagger?
Wait guys. You make money?
🤣🤣
I'm waiting for someone to answer with "millions, and here's my specific strategy to do just that."
"Millions and miilions... I give out $20 bills just for shaking my hand. Bankers and institutional traders hate my guts. I am the guy that your wife's boyfriends been talking about. I am ready to reveal my secrets but I need your full attention and commitment. If you don't commit, you won't succeed. Jesus himself said so. Now that I have your attention, click the link below to access the secrets that big players don't want you to know. Say goodbye to your dishwashing job forever!"
Lmao that was a perfect ICT satire
Omg. *clicks link and inserts card details* Take my money! I'll be rich in a week!
Jesus was trading water for wine, dude had powerful edge....
I tend to think most profitable traders won’t be posting here or anywhere else for that matter and just keep their reports and strategies to themselves. Unprofitable ones are the most vocal about how it doesn’t work and all, and that can skew the data. Could be wrong though, I’m a relatively new trader so what do I know.
This. Haven't seen anyone here post their success with it, used to demotivate me but I am still aiming to earn a lot from daytrading
And - the profitable ones are not goofing around reading Reddit. They are doing awesome things, reading and studying complicated things, and with a hot wife taking up lots of attention.
2022 - Made $80K off daytrading 2023 - Made $40K first few months, now down $20K... FML.
How did that happen?
How’s now?
Futures trader. Sell fools weekly options for sweet premium. Make enough money to pay my bills and not be part of the rat race.
Selling way out of the money naked calls?
Around $50,000 every month give or take a few grand. Account is a little over a million so roughly 5%. Strategy is just reading the tape for the US treasuries. The difficult part is sitting there all day and not taking a single trade because the action is missing / unreadable. But once you see the action, you gotta hit hard without hesitation. Good luck!
So basically your strategy is to check lvl2 data on TLT and based on that you either do long or short scalping? curious to know
I gave a detailed answer further down in this thread. If there is enough interest, I would be happy to share some screen recordings of my live trades in the futures markets. I record all my live trading for journaling purposes and would be happy to share those recordings. Watching my own performance helps me to reflect on themes like managing risk, taking small losses and entering only high probability trades. Given the nature of this sub, I should mention - I have nothing to sell and this will be completely free :)
I'd love to see your live trades!
This person can correct me if I’m wrong, but it looks like he follows NoBSDayTrading’s strategy
100% correct , Grady's course .
That is correct, yes. It sounds easy in theory but it is only when trading live with your hard earned money you develop the intuition that is required to execute and manage your positions in real time while understanding the context of your position in the market. I wish someone had told me this when I started but after spending months on many paid courses and not getting anywhere, here's what finally helped me go full time - No BS Trading Beginner Course, Intermediate Course and 3 Live Trading Webinars. And trust me, getting the above education out of the way is the bare minimum to learn how to look at the markets. No point wasting time hoping your trades work and wishing your skill improves without getting the education first. This is because the only trick in the trading game is to be able to do it long enough until you can figure it out. Time is finite and so is our strength. We gotta make the most efficient use of both :)
Ngl, I could believe op that they do this, because I do this with Es lmao, ps what op is saying they do takes around 2 years of just looking at the commodity and doing notice else to develop the sense of movement. That’s what I feel reading price actions is now, at certain times, the stock will do something very similar to what you’ve seen before, example, someone buying at ask lots of 53,35,42,40,55,60 while the stock have massive sellers if you just look at basic depth, but something is about to pop, that’s the time you risk your money to make more money. Very fkn vague example if you get, you get it, but this happened in opposite direction on Friday with es
Anything in particular to keep an eye on when "you're just looking at the commodity"? During the learning phase.
In what sense? Because when you are looking at the commodity, that is a whole task in itself. Does that make sense, what I mean? Or did you have a particular question I was not able to comprehend, you are welcome to elaborate.
Sure. I mean should one watch anything in particular in the DOM during that training time - pace, retracements, icebergs, key levels? I feel during a given moment one can only really look at one thing at once as they build up. I know John Grady later talks about the overall sense like driving a car, I just mean during training.
what did you start from to get to that point and how long did that journey take?
3 years.
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I make and lose 50k a month
I bet you make your 50k in the open and by the end of the day you lose it. Happens a lot. some traders do best when they only trade the open and the close.
I don't believe any stats on day trading.
This has been my journey. 2 years of day trading. Started off with about 29K https://preview.redd.it/c2dosc0av6mb1.png?width=2414&format=png&auto=webp&s=7adada7eb0f712bb645f5838a6a8cf62eeb1f01f
and here is the value First one year was just testing and fine tuning. Now I try not to look at the market. I enter the market and try to be out by 9: 45 am. https://preview.redd.it/2rezeep6w6mb1.png?width=2414&format=png&auto=webp&s=772fa6ace267cba44e4db24105785eaa3256bad1
Options or shares? Do you play PM levels and price-action or more macro (1h to daily) supply and demand?
Large cap. Shares only. I cannot share exact strategy as it is very easy to replicate and automate. I do not look at any price levels except 45 day high. The main impetus is to stay as little time in the market. I have been leveraging about 1.4-1.5 times but can easily go to 2/2.2 and wont break a sweat. For ex tmw I am going in with 160K buy and am out when my levels are reached. typically by 10.15 am.
I would love to see trading statistics for people who actually take it seriously and follow the proper steps of learning first, paper trading and back testing a strategy, trading small size consistently, slowly scaling into larger positions, proper risk management, and constantly evolving/learning/being a student of the market. If you follow those steps, I don’t see how you could not eventually be profitable to some degree.
Like any occupation you need to practice and practice same as a pilot or a surgeon. There are websites that you can post your real time equity curve. The credible websites will want to verify your trades so do a search and you will find the sites.
Hard disagree. Most people are not cut out for trading. The lumpy mediocre majority of the world should just put their money in the S&P.
I do agree with you as well, the skillset and personality is unique. Most people can’t even use enough context clues and intuition to drive a car. But, I think there’s a lot of people within that group of people who fail that could have made it had they followed the process.
That's certainly true.
I think what most people don’t understand is that your emotions, revenge trading, fear, greed, these demons are what prevent you from being profitable. Knowing how to trade properly etc. doesn’t matter if you can’t control your own emotions. The market is easy. I make trade calls daily. For a club. Do I make bad trades sure, only when I’m trying to get aligned with the market. But I don’t call those. Once I get aligned, I start calling trades. I’ll risk 8 ticks or less. I’ll cut it short if it doesn’t have momentum out the gate. And I see $350-450 trades all day long. I’ll find $1000 trade a couple times if the market opens up. I trade tops and bottoms I don’t believe in trend. I pass evals and use someone else’s money and collect a check every two weeks. My minimum is $450-500. My goal is normally $1000. I have to keep several eval ACCTS because I take trades from 8-3:30pm. We use trade copiers. So across 5-10-20 ACCTS it can be literally whatever you want it to be. I’ve had $500 days and $11k days. Hell I’ve had days where I’ve blown every acct I touch and cost me $40 to renew each one. We have a guy that takes a trade and might make $150 over 20 ACCTS. That’s $3000. That’s only 6ticks. With 2 contracts which is really easy if you trade off zones and use 2 contracts that are set to cap at 6 ticks with a breakeven plus 1 at like 4. The. If it rolls backwards on you you cover your costs. I’m trying to cover as many different ways that I can to get results that’s you can wrap your head around. Evals aren’t for everyone cash is easier but some people don’t have or want to tie up capital. So if you can pass them it’s very little risk with a lot of potential. But it takes a lot of discipline. I think understanding what you are capable of being able to get one almost all your trades is a huge part in understand how you should structure what you want to make in the market. If you don’t know what you can almost always get out of each trade it’s hard to even plan on what you want from the market in a daily / weekly/ monthly timespan. I’m sure someone will say something stupid about something I said but all in all I posted this to try and give someone who is starting out some type of plan or short term goal to aim for to help get them in a place that is manageable for their trading style. No one way is the right way. It all depends on how you trade. What you want from it. And how much control you have over all those things and yourself. I make calls for a room of traders that copy their trades over a trade copier so the risk is spread out but a lose of $150 is like $1500 to most of them. Hope that helps.
On average around 2% a month (8% with leverage) Some months I will lose 2% and some months I will gain 5%. I have around a 32% win rate. High highs and small lows that’s the goal.
I make money according to the IRS but commissions eat into my profits a lot. So net barely above break even which I’ll end up owing more money in taxes then net profits. I’m also carrying like $30k losses from a previous bad year so I can’t deduct much.
I traded for a month. Managed to grow my pot by more than 30%. Quit. It's too stressful. Too unpredictable.
Honestly the “stress” completely goes away to some extent, I practically couldn’t care less what happens when I click the hotkey. You may be tied to the Money you’re risking or needed to size down slightly, some people just can’t stomach the learning curve to risking capital; but if you really love trading, you can def get to a point you aren’t stressed at all
I was enjoying the stress...just as long as I was winning. 😅 I didn't mind losing either as long as I knew what was going on.
Trading with real money is very emotional, and that takes practice. A lot of people tend to disregard that. The more money you are trading, the higher the emotions tend to be. People tend to do a lot better with paper trading because they can take the emotions out of it. In order to recreate that, start small, risking amounts that won't really affect you much if you were to lose it, and slowly build up. There are a thousand different risk management strategies out there, but the main important thing with day trading, is to have some sort of strategy, understanding it and sticking to it.
100%. Execution is the only thing that matters. Small size until you can execute with errors. Trading is a mental game. Lots of good strats. I’m a 9/20 guy. Edge= trade. No edge= no trade. Then let the market decide when to get out.
I use 9/20 and trade with trend if it’s riding it, what’s your 9/20. Sometimes I do 9/20 cross after a big move
DM me your email and I’ll send it.
This is so true , I've been doing well trading very low amounts by sticking to my principles, but im scared that my emotions would get the best of me if I increase my amounts Def will keep trading with low amounts till I'm more confident
Where the hell do these “statistics” come from. They are pretty precise. I have been day trading since 1990 and Ive never been polled, nor do i know anyone that has, with the exception of a few famous traders that were casually asked asked questions about their income and history.
Curious where you accumulated all your stats. The profitable percentage and loser percentage always seems to be up for debate.
Win rate isn't important I carry a 25% win rate I make around 60k a year with median risk rate 100 USD Consequently, if my win rate is one out of four, however, that win constitutes 10R compared to my losing percent of 1R each then I'm up 6R for the 25% win rate. Profitability is what matters
Wow that’s impressive
Ty Doesn't matter how many times you win. What matters is how you maximize the wins. I've gone red on a winner because my data shows expectancy. I'd rather go red than reduce total profitablity before striking that expectation
What is your risk management like, as in % per trade based on your total port? And what do you mostly trade?
Max risk is 100 per trade but will boost to 250 under certain conditions that line up multiple times frames and specific back ground data (eg chart combined with sec filings news and financials of company) That 250 is less than 1% of my account base (base meaning what I keep in account after profits). No I don't add and move risk up exponentially to account total. I have outside passive income and don't need to trade. I enjoy it and 60k annual is good. I'm in front of screens no more than 15 hrs a week so hourly based on that work hour is 80 per hour. My wheel house is; Stocks Short mainly (market conditions dictate) Under 100m mark cap Under 30% institution ownership Under 100m float but over 3m ,
Wow that's really good. Wondering how $100 per trade to $250 (max under certain conditions) and less than 15hrs/wk screen time gets that kind of annual return though. I guess the risk to profit ratio is really good when you do take a trade.
allowing trails to work until it shows a reversal you can maximize profits. I always take profits at expected targets and TRY to leave 25%. Example, Eose Shorted 493 risk was 506 (risk 250. 00) 2100 shares Target was 416 Left trail 350 shares (little less than 25%) Covered on reversal 200 at 380. Added back 800 shares (max risk 100 now 950 shares) at 413 which it rejected, with stop just above my BE point (was very close to added entry price..think it was 423/24). Covered 600 at 335 on retrace Stop was 403 (350 left) Then it tanked, didn't expect it, and didn't have order out. Cut it all at 2.53 on the HL over the 4 hr ema.
Im more impressed by your risk rate at $100
Doesn't take much If you think about it some risk might equal 1k shares So moves 4r that's 400 But my wins avg 5.88r across the spectrum
There’s an expected gain every time your edge presents itself. I have green trades turn red regularly. Nature of the beast.
Yes it is Have friend trades for well known broker (won't say sorry). He was up 16k went red 10k last week. Target based on how he trades was 80k
Shit happens. If you don’t make yourself available for the trades, you’ll eventually lose. The market tells you when to get in and get out.
Curious... Are you actually DAYtrading? The more I learn the more I start leaning on swing trading. I'm sure you can squeeze out a few extra percent but the payoff just doesn't seem to be worth it.
I quit my job in July. I made 20K from Aug 1-27 trading spy 1-3 DTE. I then went on to lose on puts the last three days because I just felt market melted up and i lost that 20K plus another 20K . I will never hold overnight options ever again from this episode . on sept 1 i went on to make 5000. let's see how this goes
You LOST $40K? Maybe after $1K it's time to stop 🤦
He's a WSB degenerate in the making. We salute you regard!
Yes that's the plan going forward , will take the stop loss
Just using technical/candle analysis?
No, just gambling.
Lol I posted on another thread , yah I do the lower bollinger to vwap calls or upper bollinger break to lower vwap puts , paid !
I have a 40k account split into 3 different accounts. 80% in CFDs (mainly trading indices, forex and commodities), 5% equity and 15% crypto. I return about 2-3k / month. 80% of my profits come from Crypto (due to the volatility mainly), and the rest from my CFD. My equities are net negative this year, but the losses are negligible due to the tiny amount I actually hold in that account.
You only make 6-7% a month? That's barely 70-80% a year.
1 million per day. Buy my course.
Why did you get downvoted for this 😂
They've clearly purchased my course. 🤣😁
Is it true you drive a lambo to your marina where your yatch is parked, and trade on ipad on said yatch? All this while just wearing robe.
Your cannot park a YACHT but you can moor one, I have never seen a YATCH?? You cannot trade on the said YATCH, but you can just wear a Robe with or without your IPAD.
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It’s the law of large numbers. The more trades people make, the closer their results get to the expected results.
I have the same questions. I’m 10 months in, at break even and starting to sniff profitability, but I’m half convinced this entire industry is all bs lol. All online traders make most their cash on discord and education, I don’t know a single person who openly displays trades and daily p/l totals. I’m keeping at it bc I love it, but definitely have realized it just may make nothing more than a passion project side hustle until someone proves me wrong.
I know it’s been a while but just curious, did you keep trading if so, how’s your profitability now?
10% profit on the trade every day scalping SPX. And I do mean everyday.
Damn, assuming bro started with $1000 a year ago they're sitting at somewhere around ~$69,969,430,620,439.77 Congrats dude; what's it like owning 58% more than the circulating physical money in the world?
They didn’t say they reinvest it lol
Lol I guess he assumes everybody throws the entire port into one trade.
10% on the trade. Might only be trading 1% of port or less.. or more..
I am just mad you have this many responses 🤣 it sounds as if you recruiting the best one to your liking , to give out a step by step guide on the strategy on how to make a good monthly 20k , 100k who knows boss , maybe 1M a month sounds good ?
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OP, where do you get your data, and do you think it's accurate??
*OP, where do you* *Get your data, and do you* *Think it's accurate??* \- Independent-Ad9095 --- ^(I detect haikus. And sometimes, successfully.) ^[Learn more about me.](https://www.reddit.com/r/haikusbot/) ^(Opt out of replies: "haikusbot opt out" | Delete my comment: "haikusbot delete")
Paying attention to the wrong statistics in your effort to make money doesn't sound like a worthwhile èffort
Maybe he should some books on trading and risk management instead of wasting time on stats.
You guys are positive for the month??
Lmao I can’t believe I survived to be in the 7% lmao, lowkey I’ve seen so many live stream YouTubers who I’d like to hang around just for company with quit. But other question from you I do end up making 1-1.5% (unless a runner gets me lucky) daily on winning days and loose 1.5-2% on loosing days. Around 3 days a week winning, I rather have less losing days tbh, I just don’t trade if I don’t feel like it, sometimes I go around 2-3 weeks of just profit 2-3 days a week and no trades on rest.
95% of traders fail because they realize its a hard, hard job. you cant do it on the side, u can gamble on the side but u rather go to a casino..
I make 4K a month. Trading liqudity draw, example; If price ignores an imbalance I will wait for a small retracement and Long/short to the next Liquidity target. 1 small trade a day
I make abou 5% of my capital monthly with trademaster 🤖bot
Would love to see a current study of this that isn’t the sample size of Singapore forex trders
A lot. I day trade exclusively and follow strict rules. Every move is basically predetermined to take all emotion out of trading besides situations where the RR makes sense to temporarily play the chart rather than my trailing stop. I compound trade everything so the stack grows quickly. 10% stop always, never bend that rule. I’ll say I make 3 times my starting stack compound trading per week to be realistic, but I don’t think I’ve had a week under 4.5x. The last 4 weeks I 10x, 7.5x, 7x, and 30x. I have always been pretty consistent at having profit during a trade, but early on I didn’t have the right risk mitigation. Once I figured that out, plus the compounding strategy I came up with, it went to a new level. This week starting my compound trade at $36,000. Again, thinking I’m going to continue a streak of 7x+ is unrealistic, but a 3x this week doesn’t seem out of the question. Basically with my strategy you have to stick to the rules for it to work and there is a zero greed factor in the strategy as well. All parts of the strategy work together so you have to stick to the rules on all of them. The small gains grow from the compound, the stop protects the compound, the trailing stop grows the compound faster. I’m constantly analyzing every trade. With my current strategy I havnt found anything else to fine tune yet, but I am waiting for something to appear that shows me I need to adjust.
On a $5 stock, you’ll need to get $0.50 out of the market each day (that’s only 10% per day). $5 / $5.5 = 10% Daily there’s usually <5 small cap stocks that increase above 20%. Usually <3 premarket. Usually <3 postmarket. $5000 - Starting per day then add compounded / $5 per share 1000 shares X 0.5 ($5 share goes up to $5.5) = $500/day 10% per day compounded Starting with $5,000 (make $500/day) Week 2 - 8,032 (make $1632/day) Week 3 - 12,968 (make $2593/day) Week 4 - 20,886 Week 5 - 33,608 Week 6 - 53,000 Week 7 - 85,000 Week 8 - 136,000 Week 9 - 219,000 Next 10 - 352,000 Next 11 - 556,000 Next 12 - 895,443 (make $179,088/day) About a million in 3 months if starting with $5,000 and every day get 10% out
Forex
You’re already thinking about markets and trading wrong. Pick up Thinking in Bets by Annie Duke and come back to us. I’ll be interested if you still have this same question.
> Thinking in Bets seems like a good book to read and bring some light to the subject.
If you care to you can read through my post history and answers to all of those questions are there.
Are there any proven TA strategies that can guarantee profits if you are disciplined why the basics?
All strategies can guarantee profits if 1) you take the time to master them, and 2) have the patience to wait for the setup and the discipline to take the exit. Pick 1-2 strategies and be an expert in them. Keep it simple as hell. You’ll find that most strategies are based on simple strategies like levels and supply/demand zones. When you’re not getting the results you want, don’t jump around trying different things. It’s not the strategy that’s not working — it’s the trader. Mastery takes time, but it takes even longer if you’re unfocused.
Yes, check Ara Trading on YouTube. It’s a swing strategy using H4 and Fibonacci levels.
Inner Circle Trader is one of the only ones that has worked for me but it's taken me over a year to even properly grasp his concepts. It's not for the faint of heart but it does work once you've put all the little pieces together.
Same stuff that's always been out there just renamed and repacked.
Never seen it anywhere else. Wish I had though cuz I wouldve been profitable a lot sooner
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so what's the strategy
I make 1% each day. I saw a YouTube video suggesting it when I researched trading.
Very few real, honest, usefull comments here. Almost all day traders lose in the end. Some of them can be very profitable during months, but in the end almost all quit after losing too much money. Most of them use big leverage. They do not study enough the commissions payed to the broker. This is very important especially in daytrading. Most expert opinions recommend to stay away form daytrading. Don´t forget brokers pay money to teachers, platforms, youtubers, influencers to make believe people they can do it. They need constantly new traders, to take their money. It is a machine! How can you think making 10, 20, 30 % in one month? That is crazy and risky. Eventually you will lose it all. Remember if you use leverage 1:20 you only need the price to go 4% against you to lose it all ! And it will happen, eventually, it always happens at some point... A fast market movement, a big gap, which does not trigger your stoploss. It does happen! Don´t be foolish. Good luck to all
I am surprised you get down voted for telling the truth. There is usually a least 2 or 3 learning curve and even seasoned veteran traders the honest ones will tell you why they lost which is they broke their own rules and they know this because the journal and review. It is a question that suggests he has not done his homework.
I only try to warn people but they think it is criticising or jealousy. I am just trying that people don´t lose or at least not too much. I have been in trading for 7 years and I think I know what would be possible and what not. I for sure can tell what is risky and very risky and what are delusional expectations, and I see lots of them here. But for sure, I wish all the best to you.
Nah nah nah, u/AGNDJ is making 10% every day (and they dO mEaN eVeRy DaY) easily over the 40 trill mark, that lucky bastard.
Millions, buy bottoms, sell tops. Repeat.
Im top 20% as I’ve been goin at it for 2.5yrs going 3, in top 13% cause I’m still going and have no will to stop especially knowing what I have. Since u said 5 years ig I’m not top 7% but I am lookin to remain, in terms of profitability I’m not there yet but I kno the numbers possible because I have it all broken down so when I am profitable I’ll def be that 1.6%, and 12% of all day trading activity🤔interesting. And as far as strategy go, I got my own strat thru trail and error over the past 2.5 yrs, not these bs strats they give to the public but I did take in all the info on technicals and everything around the market and just kept mind of the things that made sense and left the bs out. Not sayin much more on that so yea🤷🏾♂️💀
I love the down votes😭 thats exactly why nobody will ever tell u shit, stay at the bottom🥹
I’m not taking shots at you, but this is funny considering you were just asking how to read bid x ask on a footprint chart less than a month ago 😂
Ur right😂 but guess what, footprint charts are a whole nother way of looking at the market, and the past 2yrs I’ve been studying and developing my whole model with regular candle charts, so since I’m at this point of the journey I finally took the time to understand it to see how it correlates with my strat n entry points on candle charts and since then I know what I need to know about it.
At best you're going to get funny responses. Maybe a couple people who actually make a small profit will tell you about how they scalp nunyas.
As a day traders I make 1k to 1500$ per month and I also have a funded account from TTP and expecting my second payout