'I don't care your average price, if something is over extended and the expected value is that it is going to go down, it makes no sense to hold a long. You need to always reflect, in this moment in time, if there's really good positive expected value I want to be holding, if there is really bad expected value I want to be out of it.'
There's just a lot of noise out there. Sit down, read charts, study, seat time, do it over and over and succeeding in the market won't be so hard. Good video all 5 myths are true and its super funny because you see all this misinformation everyday on the internet.
You are a breath of fresh air, Lance. You are transparent, logical, wise, data-centric, and have depth beneath the words you say. I empathize deeply with your frustration with the misinformation and shallow content floating around the trading community. I have become extremely selective about who I listen to in pursuit of my trading goals this year, and you are on my shortlist.
4:20 truncating profits = exit with small profits. 6:55 win rates and RRR. Success demands that you understand your probability of winning rather than fixing a specific RRR. 10:00 hold if expected value is positive. INTERESTING. 14:00 no days off. If markets are not showing setups then tape read in real time. Always seek to improve especially if you are in a slump.
Awesome stuff Lance. One that drives me nuts is when traders correlate their performance for the day to their P&L, or on losing days say 'the market just didn't cooperate'. OMG people!
i actually read through that thread of that lady claiming no on makes 1 mil a year and saw countless reputable traders willing to put their money where the mouth is and she would just insta block them as well. BUT I LOVE SEEING LACE FIRED UP WITH SOME GOOD STUFF.!!!!!!
Thanks Lance! Your example about never go broke taking profits resonates with me the sure! I am working on not hitting out to quick to to get profit instead of letting the trade show when to get out. Also would love to see some videos on the high 80-90% win rate on the intraday scalp trades. Thank you !!
Great Sunday trader church session Lance ! As a novice trader that embarked on my trading journey solo in self learning mode I really appreciate all the content you and SMB provide . This was a great video thats gunna help a lot of serious traders reach new plateaus including me .🙏
One statement I hear alot that I disagree with, is the "low Time Frame, interday bars (ie: 5 min bars) are just noise." This came from a old futures Floor trader who recently passed (not trying to speak ill of him ). He was an absolutist about only trading the Daily/weekly/monthly charts and scoffed at low timeframe charts. He was successful, but I think he closed many people's minds off and didnt do anyone a service with his personal ethic. I like the mindset of another futures trader/scalper who states "all information the market provides, every tick of the day is useful information. There is no "noise" in the market." Great video Lance!
I know who this is as well. These people weren't able, or more likely weren't willing to put in the work to make it work for them and their enormous ego concludes it's just not possible. Meanwhile my mentor makes $10s of thousands a day in ES on fast tick charts (do not ask who, I will not reveal them)
Yes, and that psychology leads traders to make AWFUL suboptimal decisions. Agreed, def not easy to overcome, but being aware of that bias helps us improve our decisions vs otherwise.
Thanks Lance I like to remember that if somebody is trying to make a living out of telling me how to trade, thats the big red flag to reverse that position.
Here is one I see a lot: wait for a red day to sell puts, and, wait for a green day to sell calls. Bad advice. Especially because you could get a weeks worth of green days or a weeks worth of red days and those shorted calls and puts now run you over. Another one: it is impossible for wheel strat to beat the S&P. There are always horrible straw man arguments for that. Sure if you try to do the wheel without doing your homework and trading like a robot you will do bad but if you put in the work...
One stupid idea I've heard is to risk 100% of your daily stop, or go all-in, on every single trade regardless of setup quality. They reason that if the setup has edge, then you should maximize your bet in order to maximize your growth.
this is why I strongly recommend every trader specially beginners to play with equity simulator apps, you quickly realize that you need to use small stop losses to let space for your edge to appear, losses in a row are normal, common thing in our craft, if you are not ready to have them and deal with them, you're done
Thanks, Lance. I really need to work on capitalizing larger gains on my positions..I usually sell too early and start reducing my position sizes when they hit 4 percent 8 percent 15 to 20 percent and then leave a little left for the rest of the ride. I've gotten better at understanding how free float effects a potential squeeze and how important volume inflow rate is on news among other variables. I keep calling out all these 100-plus percent gainers when they are in the 20 to 40 percent zone but like always I sell too early.
I thought for sure that you would include the one where a trader should call it a day if they are green after a trade or two, so that they don't give back their profits. This is usually espoused by youtubers who are trying to promote the trader lifestyle to reel people in...where you "aren't staring at a screen all day," and can "spend the rest of your day doing whatever you want" etc. Although they don't understand that they're basically implying that the profits you made were just luck, if you should cut and run once you're green. If you have an edge, you should go as long as you can keep up discipline and not succumb to fatigue. It's not like you hear of casinos deciding to shut down early once they've taken in some profits.
I guess SMB is somehow making bank by arbing out this inside info so, er, _props_ to them for finding even yet more edge, but it's really a new era when something like this is free to watch on CZcams. As a dinky retail guy it's just gold. Loved the poker analogy--perfect!
Lance, one topic I'm sure a lot of us would love to see you cover is different methods of bet sizing. I've seen your bet sizing video but do most pro traders you work with use that method or are there other valid methods to consider? I am trying out different bet sizing methods but find myself gravitating towards the method described in your video due to its simplicity.
maybe you need a better system to identify the setup before you jump in so you can size accordingly. If you know a trade you're entering is not an A++ setup and rather at sold B trade then you should have some calculator which can help determine the appropriate size
I have a question: I wondered what your premarket routine is? Is it just looking for stocks that run well, or how do you spend your time in premarket, to be properly prepared for the trading day? I always struggle with that. Thanks!
Thank you Lance!! Your vast knowledge and honesty is very much appreciated! Absolutely gratefully for you and SMB for taking some of your valuable time and effort to help and share.
Excellent as usual. On the topic of average price, too many people treat their unrealized gains as the "house's money" and aren't diligent about risk control. I ask them "If you are down on a trade, do you think of the loss as the house's loss"? Unrealized gains are your money. Does it make sense to risk those gains going forward on the trade?
My biggest pet-peeve is edge-bigotry. There's a big difference between constructive criticism/advice/tips and telling someone they're just flat out wrong for the way they do something. Too many traders who're successful at one strategy saying other strategies (which they probably tried and weren't good at) are worthless. Intraday vs. Swing, Quant vs. Discretionary, Options vs. Equities vs. Commodities vs. FX, Growth vs. Value, Short vs. Long, VWAP vs. Volume Profile, Clean Chart vs. Messy Chart, etc...I'm a firm believer if you find a way to make money in this game, no matter the strategy: do it (and learn to do it better). And if you can find several strategies that work for you, go balls deep in all of 'em. To hell with the Karate Kid wannabe who tells you your plan is "unprofessional" and "gambling" which makes you second-guess yourself ultimately leading to you missing a chunk of a 3X move in UPST (not to be overly specific or anything).
Question: Being consistent is important, but when do you know that your playbook needs to change because it's a different market? Another words, do i take week of loses for the sake of consistency or do i adjust my playbook for a new market?
This question may be applicable to our current environment... How about the age old phrase, "Don't fight the FED." The reason why I'm asking is that sometimes it seems people are wanting to fight the FED left right and center. At the same time, telling the FED how wrong and dumb they are whilst yolo'ing into tech stocks hand over fist. Just curious. Thank you Lance, you're awesome man
Depends the time frame and strategies you’re doing. Big picture timeframe, for investors I understand the point being made by that saying. Less relevant for stocks and strategies that aren’t fed dependent.
Lance, Could you please cover on stoploss myth for intraday? My SL always hitting on my edge trades , it seems like somebody looking my SL order, then it become wick bounce on EMA, VWAP, Pivot points
That probably means your not patient enough to wait for the best entry and or chasing prices. Your entry should be where your stop will be. Don't be the first mouse because the second mouse gets the cheese
Excellent video Lance-especially clearly breaking down day trading versus swing trading and the win rates/size constraints advatanges and disadvanteges of the 2 strategies
Trading myth that I get to hear frequently from amateur traders is that one can accurately predict the reversals using the overbought and oversold indicators and oscillators while in reality more often than not, the stocks keep on going up in-spite of being in overbought region on indicator and vice versa, isn't it Lance?
So Lance...at 11:51 you mention risk-free arbitrage trades with near 100 percent win rates. Do you cover these in a previous video? If not, would sure love to see one. Thanks for another great video!
From my experience I can say that swing trading is more efficient and profitable than day trading in a TREND market if you take into account the effort/results ratio.
Anytime people quote warren buffet for on a volatile stock that's being traded. All these 'traders' become bag holders with their diamond hands. Keep your risk managed.
theres a guy here on youtube that made a very unique trading platform, i been watching for a while and this thing is insanely accurate, but the guy swears up and down any other form of trading is trash, TA is trash, blah blah, noone else does this thing or that thing, proof, etc.(meanwhile this program is another form of TA). i prefer TA to other types, simple MA for context and just read candles, some basic trend lines, more often than not my basic TA lines up with this program, the difference is knowing whats gonna happen at the "line", the program speaks for itself but the weird trash talking just doesnt make sense, theres 1000 ways to do this thing. something else the furu's say is you can do this now, learning time is irrelevant, meanwhile most all these "teachers" are at least 5-10 years into their journey towards being comfortable. if a everyday wage tradie takes 10k hours(5 years) to be a pro, i'd expect the most competitive way to make money to be even harder/take longer.
Lance! There is a reason why the trading community lives in ignorance. If traders get more sophisticated then edge will dwindle. Profitable traders do not have a vested interested in enlightening everybody
This is likely a fallacy. Have you met most people? And would you describe the average human being as being "sophisticated?" Are you suggesting my 98 year old grandmother is going to start throwing down on some triple inverse underhanded broken butterfly options spread? Highly unlikely. With all due respect MrX
@smbcapital @herotrades2776 If I sit at a poker table and i see that 3 guys always play nervously with their chips, if they have a strong hand. How much money do you think I can make after I point that out?
Most people arent willing to put in the work though. That is true. But would I give someone a gun and let him shoot me, just because most people cant shoot?
Reading the tape - Do the “free” brokerage firms give enough data to read the tape or is this information something that retail needs to pay for in order to obtain a more complete picture?
'I don't care your average price, if something is over extended and the expected value is that it is going to go down, it makes no sense to hold a long. You need to always reflect, in this moment in time, if there's really good positive expected value I want to be holding, if there is really bad expected value I want to be out of it.'
A book that taught me this is “Thinking in Bets” by Annie duke. Amazing book that teaches positive/negative expected value
Great book. Similar concepts.
There's just a lot of noise out there. Sit down, read charts, study, seat time, do it over and over and succeeding in the market won't be so hard. Good video all 5 myths are true and its super funny because you see all this misinformation everyday on the internet.
You are a breath of fresh air, Lance. You are transparent, logical, wise, data-centric, and have depth beneath the words you say. I empathize deeply with your frustration with the misinformation and shallow content floating around the trading community. I have become extremely selective about who I listen to in pursuit of my trading goals this year, and you are on my shortlist.
Thank you sir!
I know exactly who Lance is talking about, and it's just sad. So happy you're fighting this misinformation Lance/ SMB
👊
4:20 truncating profits = exit with small profits. 6:55 win rates and RRR. Success demands that you understand your probability of winning rather than fixing a specific RRR. 10:00 hold if expected value is positive. INTERESTING. 14:00 no days off. If markets are not showing setups then tape read in real time. Always seek to improve especially if you are in a slump.
Awesome stuff Lance. One that drives me nuts is when traders correlate their performance for the day to their P&L, or on losing days say 'the market just didn't cooperate'. OMG people!
So important not to be fooled by randomness and to judge day by quality of opp rather than by pnl!
i actually read through that thread of that lady claiming no on makes 1 mil a year and saw countless reputable traders willing to put their money where the mouth is and she would just insta block them as well. BUT I LOVE SEEING LACE FIRED UP WITH SOME GOOD STUFF.!!!!!!
Lmao, this is why I don't trust online message boards and trading forums
Thanks Lance! Your example about never go broke taking profits resonates with me the sure! I am working on not hitting out to quick to to get profit instead of letting the trade show when to get out. Also would love to see some videos on the high 80-90% win rate on the intraday scalp trades. Thank you !!
This was so important!! I wish you made this video in 2021 before I took in all this bad advice and had to learn the hard way.
Great Sunday trader church session Lance ! As a novice trader that embarked on my trading journey solo in self learning mode I really appreciate all the content you and SMB provide . This was a great video thats gunna help a lot of serious traders reach new plateaus including me .🙏
glad it was helpful Tobias
One statement I hear alot that I disagree with, is the "low Time Frame, interday bars (ie: 5 min bars) are just noise." This came from a old futures Floor trader who recently passed (not trying to speak ill of him ). He was an absolutist about only trading the Daily/weekly/monthly charts and scoffed at low timeframe charts. He was successful, but I think he closed many people's minds off and didnt do anyone a service with his personal ethic. I like the mindset of another futures trader/scalper who states "all information the market provides, every tick of the day is useful information. There is no "noise" in the market." Great video Lance!
I know who this is as well. These people weren't able, or more likely weren't willing to put in the work to make it work for them and their enormous ego concludes it's just not possible. Meanwhile my mentor makes $10s of thousands a day in ES on fast tick charts (do not ask who, I will not reveal them)
Every tick in the market is carefully calibrated and measured. Just look for yourself.
One of your best Lance. So nuts and bolts + seeing you a little ticked off about some of these things drives home the points.
Market might not care about the average price but the average price does effect trader psychology in that trade. And that's not easy to overcome.
Yes, and that psychology leads traders to make AWFUL suboptimal decisions. Agreed, def not easy to overcome, but being aware of that bias helps us improve our decisions vs otherwise.
Thanks again for the extraordinary amount of free and accurate information that you guys provide us beginners.
you are welcome Tim!
Such a great video! Thank you Lance, Bella and SMB,
thanks a lot for posting
Thanks a lot for this SMB & Lance. This needed to be heared.
Thanks Lance
I like to remember that if somebody is trying to make a living out of telling me how to trade, thats the big red flag to reverse that position.
Here is one I see a lot: wait for a red day to sell puts, and, wait for a green day to sell calls.
Bad advice. Especially because you could get a weeks worth of green days or a weeks worth of red days and those shorted calls and puts now run you over.
Another one: it is impossible for wheel strat to beat the S&P. There are always horrible straw man arguments for that. Sure if you try to do the wheel without doing your homework and trading like a robot you will do bad but if you put in the work...
Thank you lance/smb. This is very helpful
glad it was helpful
Thank you!
Thanks n good clip Lance. For sure, when ppl make stmts, they have to properly qualify them to provide full meaning n understanding. Data is truth....
The edge in position and swing trading is slower chart movement imo. More time to make the right decisions.
One stupid idea I've heard is to risk 100% of your daily stop, or go all-in, on every single trade regardless of setup quality. They reason that if the setup has edge, then you should maximize your bet in order to maximize your growth.
I can tell you from experience that doesn't work.
Would be in the running for stupidest ideas of all time haha
this is why I strongly recommend every trader specially beginners to play with equity simulator apps, you quickly realize that you need to use small stop losses to let space for your edge to appear, losses in a row are normal, common thing in our craft, if you are not ready to have them and deal with them, you're done
Great info as usual SMB and Lance…
thx!
Great stuff
thx Alex!
I’m with You Lance !
News ..price action ..and the Tape is King!!
WELL SAID!!!
Thanks, Lance. I really need to work on capitalizing larger gains on my positions..I usually sell too early and start reducing my position sizes when they hit 4 percent 8 percent 15 to 20 percent and then leave a little left for the rest of the ride. I've gotten better at understanding how free float effects a potential squeeze and how important volume inflow rate is on news among other variables.
I keep calling out all these 100-plus percent gainers when they are in the 20 to 40 percent zone but like always I sell too early.
ty lance
lancelot of trading! Thanks for your time
Head spinning stuff. Thank you Lance and SMB
you bet!
My favorite old-time trader saying " Never confused brains for a bull market"
You are the last piece of my puzzle Lance. I did pass my assessment fast by dissecting your videos in the whole internet. Thank you so much.
thank you for the great information
thx for watching John
last one is my favorite, like how u have explaine
Thanks
Expected value determination
Great video. Thanks for sharing!
Totally agree. From experience.
What drives me nuts? "Always risk 1% of your Trading Capital in each trade." Why should I do that If I'm holding the nuts (to stay in Poker lingo)?
Lol! Totally agree. That one also drives me crazy all the time. Hence my exponential bet sizing video.
Solid advice I’d not heard before, thanks
Thank you one love bro❤
If scale is part of a swing traders edge in making huge profits, then it is the biggest edge.
Edge as used here is defined as expectancy. Scale does not change the expected value of a play, simply how much money can be bet on the play.
These truths require a deeper understanding of math and sales statistics. Great stuff.
THANK YOU!!!
The average price fallacy might well be _the_ single most important concept in trading and investing.
I thought for sure that you would include the one where a trader should call it a day if they are green after a trade or two, so that they don't give back their profits. This is usually espoused by youtubers who are trying to promote the trader lifestyle to reel people in...where you "aren't staring at a screen all day," and can "spend the rest of your day doing whatever you want" etc. Although they don't understand that they're basically implying that the profits you made were just luck, if you should cut and run once you're green. If you have an edge, you should go as long as you can keep up discipline and not succumb to fatigue. It's not like you hear of casinos deciding to shut down early once they've taken in some profits.
Lol! That one does actually drive me nuts too. Will need to use for the next edition 😂
Thanks for sharing, always bringing great information
thx for watching!
Really great clip.
I guess SMB is somehow making bank by arbing out this inside info so, er, _props_ to them for finding even yet more edge, but it's really a new era when something like this is free to watch on CZcams. As a dinky retail guy it's just gold. Loved the poker analogy--perfect!
Lance, one topic I'm sure a lot of us would love to see you cover is different methods of bet sizing. I've seen your bet sizing video but do most pro traders you work with use that method or are there other valid methods to consider? I am trying out different bet sizing methods but find myself gravitating towards the method described in your video due to its simplicity.
maybe you need a better system to identify the setup before you jump in so you can size accordingly. If you know a trade you're entering is not an A++ setup and rather at sold B trade then you should have some calculator which can help determine the appropriate size
I have a question:
I wondered what
your premarket routine is? Is it just looking for stocks that run well, or how do you spend your time in premarket, to be properly prepared for the trading day? I always struggle with that. Thanks!
Great video as always Lance and team SMB.👏🙏
appreciated!
Thank you Lance!
Quality content here. Thank you for the insight and helping us normies filter out the junk.
of course!
Thank you Lance!! Your vast knowledge and honesty is very much appreciated! Absolutely gratefully for you and SMB for taking some of your valuable time and effort to help and share.
Thank you lance for sharing valuable information and destroying these myths very important to the community we appreciate you
thx for watching!
Excellent as usual.
On the topic of average price, too many people treat their unrealized gains as the "house's money" and aren't diligent about risk control. I ask them "If you are down on a trade, do you think of the loss as the house's loss"?
Unrealized gains are your money. Does it make sense to risk those gains going forward on the trade?
Yes!!! Exactly that point.
Is this in relation to averaging in both in a up trend and down trend?
@@William.-. relevant to any play
My biggest pet-peeve is edge-bigotry. There's a big difference between constructive criticism/advice/tips and telling someone they're just flat out wrong for the way they do something. Too many traders who're successful at one strategy saying other strategies (which they probably tried and weren't good at) are worthless. Intraday vs. Swing, Quant vs. Discretionary, Options vs. Equities vs. Commodities vs. FX, Growth vs. Value, Short vs. Long, VWAP vs. Volume Profile, Clean Chart vs. Messy Chart, etc...I'm a firm believer if you find a way to make money in this game, no matter the strategy: do it (and learn to do it better). And if you can find several strategies that work for you, go balls deep in all of 'em. To hell with the Karate Kid wannabe who tells you your plan is "unprofessional" and "gambling" which makes you second-guess yourself ultimately leading to you missing a chunk of a 3X move in UPST (not to be overly specific or anything).
Well said. There's certainly more than one way to skin the markets.
Question: Being consistent is important, but when do you know that your playbook needs to change because it's a different market? Another words, do i take week of loses for the sake of consistency or do i adjust my playbook for a new market?
This question may be applicable to our current environment...
How about the age old phrase, "Don't fight the FED."
The reason why I'm asking is that sometimes it seems people are wanting to fight the FED left right and center.
At the same time, telling the FED how wrong and dumb they are whilst yolo'ing into tech stocks hand over fist.
Just curious.
Thank you Lance, you're awesome man
Depends the time frame and strategies you’re doing. Big picture timeframe, for investors I understand the point being made by that saying. Less relevant for stocks and strategies that aren’t fed dependent.
Lance, Could you please cover on stoploss myth for intraday? My SL always hitting on my edge trades , it seems like somebody looking my SL order, then it become wick bounce on EMA, VWAP, Pivot points
That probably means your not patient enough to wait for the best entry and or chasing prices. Your entry should be where your stop will be. Don't be the first mouse because the second mouse gets the cheese
many traders put their stop loss just beyond what they think the actual stop loss should be. slightly more room for the trade to work.
Excellent video Lance-especially clearly breaking down day trading versus swing trading and the win rates/size constraints advatanges and disadvanteges of the 2 strategies
Thank you for the videos!
of course Joshua!
Pure gold!!!! thanks a lot!
Be careful guys, Lance is pissed! Haha thanks for the great video.
You are so awesome! Love your personality bro!!
Trading myth that I get to hear frequently from amateur traders is that one can accurately predict the reversals using the overbought and oversold indicators and oscillators while in reality more often than not, the stocks keep on going up in-spite of being in overbought region on indicator and vice versa, isn't it Lance?
Thank you
You're welcome!
SO tTRUE, I struggle taking taking profit early & not collecting full potential profit and it really messes up my overall RR
Very very goooood. Hats off to you sir
So Lance...at 11:51 you mention risk-free arbitrage trades with near 100 percent win rates. Do you cover these in a previous video? If not, would sure love to see one. Thanks for another great video!
This drives me absolutely nuts. Not just in trading but in general. Too many are naive
Thanks very much! 😊
I need to dispel one of his myths. Cutting losses quickly is absolutely a good thing.
Lol, somebody didn’t listen 🙄
From my experience I can say that swing trading is more efficient and profitable than day trading in a TREND market if you take into account the effort/results ratio.
Nice job Lance!
he's fired up and rightfully so
Man that you can't go broke taking profits has always driven me crazy!
SMB, what affects does the CBDC have on traders and regulations in regards to forex, options and futures.
Anytime people quote warren buffet for on a volatile stock that's being traded. All these 'traders' become bag holders with their diamond hands. Keep your risk managed.
Swing trading is where there is the most edge for ME and my strengths, that's all I ultimately care about.
Yeah, can't go broke taking profits, irritate me the heck out of it too
I’m not profitable trader because my Day trades harm my Swing trades! Not give up but i can’t cope with emotional fluctuations that day trades offer!
Needed this 🔥
Heheh ...I liked this! Thank you 🙏
you bet!
I see price action and technicals trump fundamentals every day
It's very true
I'm an SMB addict.
theres a guy here on youtube that made a very unique trading platform, i been watching for a while and this thing is insanely accurate, but the guy swears up and down any other form of trading is trash, TA is trash, blah blah, noone else does this thing or that thing, proof, etc.(meanwhile this program is another form of TA). i prefer TA to other types, simple MA for context and just read candles, some basic trend lines, more often than not my basic TA lines up with this program, the difference is knowing whats gonna happen at the "line", the program speaks for itself but the weird trash talking just doesnt make sense, theres 1000 ways to do this thing. something else the furu's say is you can do this now, learning time is irrelevant, meanwhile most all these "teachers" are at least 5-10 years into their journey towards being comfortable. if a everyday wage tradie takes 10k hours(5 years) to be a pro, i'd expect the most competitive way to make money to be even harder/take longer.
Great video. Most advice is bad advice.
Lance! There is a reason why the trading community lives in ignorance. If traders get more sophisticated then edge will dwindle. Profitable traders do not have a vested interested in enlightening everybody
This is likely a fallacy.
Have you met most people? And would you describe the average human being as being "sophisticated?"
Are you suggesting my 98 year old grandmother is going to start throwing down on some triple inverse underhanded broken butterfly options spread?
Highly unlikely.
With all due respect MrX
@@cameronjohn604 haha would love to see that!
most people aren't willing to put in the work though
@smbcapital @herotrades2776 If I sit at a poker table and i see that 3 guys always play nervously with their chips, if they have a strong hand. How much money do you think I can make after I point that out?
Most people arent willing to put in the work though. That is true. But would I give someone a gun and let him shoot me, just because most people cant shoot?
Reading the tape - Do the “free” brokerage firms give enough data to read the tape or is this information something that retail needs to pay for in order to obtain a more complete picture?
Ideally you need “level 2 with depth of book” populated w as many venues as possible and a “time & sales” window
I know successful traders that just use the tape, but in key locations on the chart
TOS tape is delayed, slow and garbage though IMO
one of my fav youtubers always says u cant make money trading markets. hes a longterm investor so i get it but come on. 🤣
❤
“Trading is like gambling!” That’s what I hear all the time. Drives me nuts. Lol
It is gambling. Done rightly it's professional gambling.
Technical analysis is overrated . I dont use it. I don’t use vwap lol . I’ve won 19 straight sessions
"Can't go broke taking profits and cutting losses quickly" = a trader who can't hold to target because they get shaken out of good trades.
That's my biggest weakness. That cost me 28R last month just setting my trades and walking away. I am the problem