Ozquant

Given 3 of the top 5 largest US stocks reported at close some volatility is a given no doubt

FANGs reported last week July '20 and NQ roared almost 20% in the following 5 weeks . Outside the bounces of march '20 covid lows and Xmas '18 this aug'21 rally is the best 5 week nasdaq rally since 2009 lows Markets have no memory so it means little 12 months on .

Broken short term trend since mid may looking for pullback towards medium term trend . FANGs type stocks reporting next week should make things interesting .

No Absolutes as previously stated , carry on . 🤐

Most daytraders just have gambling problems/addiction . If when you sit down at your platform and are in a trade within minutes chances are you fall into this category . You need setups that provide an edge , an empirically proven systematic edge with a positive expectancy , Many times this 'edge ' may take a few hours to trigger . Patience is needed to wait for the' right ' moment and then decisiveness and the ability to unemotionally take a trade is paramount . I'd suggest that > 90% of 'daytraders ' would have no idea of their expectancy and if they actually knew their expectancy it would force then to acknowledge they have negative expectancy ( zero edge ) . Anyone what actually quantifies their expectancy and finds its negative would be a fool to continue trading > daytrading successfully is one of the hardest jobs out there , easier to become a successful lawyer imo . Anyone that think they will become a profitable daytrader without putting the best part of a decade learning is fooling themselves . Daytrading has its benefits sleeping on cash overnight and weekends as time in market is risk , you need to be in a position while its moving and get out when it stops . In an average day i can often only be in market for as little as 2 hours . If you can get to the level that maybe the top 2-3% can get its a lucrative pursuit but it will be the hardest thing you have ever done . Thats what makes it worth doing . Good luck to all that go down this road but lucks got nothing to do with it in reality . The correaltion between ' luck ' and HARD work can never be underestimated Maths and data will set you free but not the usual datafit thats prevalent out there , You need to understand what to measure in price action that presents itself in repeatable patterns . You need to understand bias regimes , volatility , momentum , etc and develop tangible unique ways to define . The usual generic studies in most platforms are not great at doing this . There is no one stop algo to deal with all market stages ., you need a ' set ' of systems for different regimes and some filters to switch between them as markets shift regime . Volatility is what i find the key to much of this . If i have turned anyone of from daytrading you were not right for this pursuit . Rock on .

There are no ABSOLUTES in markets ,only probabilities but carry on

Guess my luck is still running

Haha i can't help it but if in fact i am pretentious i am 100 times happier than you >>>>> Can i block this sack of misery ? Is it possible , be great if it is . OK i promise you can now have the last word , Its what Narcs need to feel dominant , I will give you that . my pleasure , good luck

Is there a way to block someone in this forum ?? Appreciate any advice on this

For the sake of forum i will just leave it here , Sake of Casey sad **** as well , no-one wants to see this . Or do they . Maybe i saying what many desire to . anyway we are done .. good luck

Optimism is an option , Take that path , life is so much more enjoyable . Now thats a fact

Narcissist , look it up . I 'm confident , DLR confident , U arent . U R on the edge . For your own mental health i will leave you alone . good luck

Yeah its close to an eachway bet today . most of last 12m 3 day 8% decline has been a screaming buy , the big differenece this time is rising US10Y . NFP might be a catalyst to save the day or sink the ship . Be a pivotal interesting night without doubt

Dude you have 12000 posts of 71k on this forum , have a long hard think about that and where your life is . put a time frame on those 12k posts , its scary how much of your life you live in here and how much you supress this forum . Good luck , you are going to need it . 11,973 posts