OK, I am taking that as a greenlight. But be warned, I have a beard. And b-beards the weird...
“I want to trade more and make money faster because I have a lot of free time”... ??
If that isn't a great reason I do not know what is. You'll be rich in no time. :sarcastic:
“I don't know what it is but my system you see in this journal doesn't work as well when applied to charts under 30 minutes.”
Then do not trade in on charts less than 30 minutes. duh...
You have an approach that is profitable, but profitable is boring, so you want some more adrenaline, some more dopamine, to feel “alive”. That direction is not the right one. It is ok to enjoy it, to be passionate about it, but that statement contains gambling addiction mentality. I know because I went through the same thing.
That is because no system works in every condition. In your study of market profile, you learn that there are various types of days. Go with trending markets as price leaves value, scalp rotating-trending markets in the direction of the trend as it pulls back into value, and fade rotational markets back to the mean, as an example of 3 different trading approaches, none of which are as good applied to the wrong daytype.
Why not take a trade on the 30m, set your exits, and spend your time looking at other markets for another setup? Or, having so much free time, how about doing something more like living occasionally? Money is not as important as it seems. And one of the toughest lessons in trading is that less is more, and that sometimes just sitting, either in a trade or out of a trade, is the greatest skill of all.
My IQ back in my school days was over 180, probably burned a lot of that off over the years by now, but I am guessing still above 70. Being “smart” has nothing to do with it, and my opinion today is that it can be a hindrance to trading. We think we can make anything happen. we think we can crack the secret code. But that code is inside, and most of the things that draw us to trading initially, work completely against your odds of making it.
Be careful what you wish for. Many daytraders do give up everything... wife, house, friends, health, sanity.
There is a reliable intraday understanding. And you apply your skillset to the market from that perspective.
Scalping is a practice that puts great emphasis on precise entries. If nothing else, it enhances your knowledge of entry timing. It causes you to be so single-focused on one specific task. But that is just one skill of many that you can combine to make your results better.
Relaxing, enjoying life, not caring so much about the trade and focusing more on honing the method. Let the result be feedback, and adjust your approach accordingly.
You don't need to be good at everything in trading. In fact, just being good at one thing, and having the patience and the confidence to only do that one thing over and over, but only when the market says to, not when you say it should happen because you want money or you are bored, can be everything you need to succeed.
Itchymoku starts with "itchy", as in not comfortable in your own skin. Change that, use your free time to find balance.