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After reading many a forum about the trials and tribulations of a day trader (usually ending in disaster.) I wanted a thread that gives an insight into one mans process and showcase that it is indeed possible to make money from the markets. This is my approach to the markets, it may or may not help others; after all one mans junk is another mans treasure.
PDF attached
Can you help answer these questions from other members on NexusFi?
My chart reading skills are constantly evolving, I will forever be a student of the markets.
The S&P Chronicles have been produced for my own benefit, I literally have 1000's. I use them for development purposes - there is an additional sheet that highlights my weaknesses and strengths that I do not share. The last few days the S&P has been a little volatile and produced trend days ( a strength of mine). When the market contracts and the average true range tightens, my trading style changes (still applying the same techniques) my stops get hit much more frequently and only take 4- 6 points a day, which no doubt if you follow this thread will happen not too far in the distant future.
The genuine purpose of this thread is to share my approach and my reality of the markets and this is how I trade. It may or may not help others, that's down to the individual. All systems and methods from my experience work, whats important is that the trader uses the right method that suits their own psychological make up, this is where the majority of retail traders fail.
@Feibel this is very high quality and educational analysis you're putting out. I look forward to reading more of your insights regarding Wyckoff and VSA principles