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You and me both, but we lost contact before I got to pick his brain. I was also very curious if he still target one point only after volatility spiked and the nominal index values increased to current levels as we first spoke in early 2019. 1 point today is different than 1 point 1000 points ago.
What he did tell, though, was that...
a. He would usually be done within the first 60/90 minutes. After getting his point - he was done no matter what.
b. If he took a loss, he would analyze the kind of trading day we had to assess if he wanted to try and recover his loss.
c. He did use orderflow, DOM, market/volume profile, market internals, time and sales, levels (PD High/Low/Close, vPOCs, etc.). So, basically while he still went only for 1 point - there definitely was some thought/analysis behind it. Not just pulling up a tick chart and entering on a hunch.
Makes complete sense. Sounds like he traded just like the rest of us but focused on only one point per day. Interesting style. Thank you for the info. Take care.
How correct you are. The original post was quite bizarre, but it sure got some responses and some of them were unusual. Maybe in the end, it was just click bait. Seems like there is not much commenting going on these days. Maybe some fresh ideas will be put forth.
I have thought of one: "When and where might a futures trading conference take place in the US"? Not just some class presented along with a money show. Something geared toward traders. Does not seem like the exchanges are doing much to recruit more business.
I'm sure you are right. Although, they could have it here in Montana as we don't fuss over that issue. The only way we would know anything about that issue is by reading the news from out of state. It's hard living the old normal... NOT.
It surely can be. Had my own brush with death by narrowly missing getting crushed 32 years ago. I did not come out unscathed, which affirms your sentiment. However, that experience resulted in my ability to move forward without fear.