Myriad

Hello, and welcome to my trading journal. I hope to post frequently here, and for it to become a place of informative and entertaining discussion that helps us all to become better traders. About myself: My passion for markets started young. I have family in Chicago and spent a lot of time there growing up, I looked up to my cousin who began as a runner and worked his way up to being a very successful local in the currencies and later indexes. It seemed like the best job in the world....

Overview: There is a ton of misinformation out there about the usefulness and utility of a lot of trading concepts. A recent poll on here is showing that there is more interest on the topics of order flow / and scalping than all the other trading methods. https://nexusfi.com/traders-hideout/46119-best-trading-strategy-methodology-2019-a.html For those interested in this space, understanding the underlying data of the market is a must. Over the last couple of years as a side project I...

one had an interesting exchange with the admirable Dr. Brett on twitter. He loves to use breadth and ticks, and charts, which have two or 3 turning points, and are always above trend line at the x day highs or lows, and are subject to a myriad of retrospective interlocutions. Lately he came up with 5 or 6 splits to show that when x % of the stocks hit new y days lows, but z day highs are greater than z dya lows, since year w, in the next v days, the average of the last 21 is up 1.6%. you can...

The paradox of trading resources is that it is difficult at best to know in advance if a particular course or book will benefit you. There are items mentions highly in this thread that I think are garbage. And there are also materials mentioned as useless that I think had some value for me. The other posters and myself are probably both correct in our opinions. That being said, I think there are a few guidelines that warrant a big "Caution" from a trading course, book, video or whatever: 1)...