I am watching Patrick Wieland's live daily youtube videos. Although he looks slightly mad and he has a filthy mouth, I think there's something to learn from him. I like his flag patterns and clean chart without any indicators except VWAP and pivots. Let me see if I can improve my day trading skill from watching his videos.....
Although ICT miserably failed Robins Cup competition, there is still a person who can post live trading streaming using ICT methods. Actually, her performance is quite impressive although her trading career is only 4 years. I have spent roughly 14 years in day trading but I am not still successful. What's wrong with me?? She made me jealous!That's 'Tanja Trades' in youtube channel. Another good free learning source.
{quote} {image}The power of seasonality !!! Holding positions late close to expiration (26th for Dec contract) is always not very good idea but huge moves very often happen during this short period. Yes, it can be risky as they can dump expiring contract and roll over to next month. I took profit too early in hind sight. Faith and gut needed to me...... Now I am holding May-June and July-Aug spread contracts. They will also bring me a decent profit until next summer.
Still holding July-Aug spread positions and they will yield even bigger profit I expect.
To become consistently profitable in my opinion, we have to know when NOT to trade. Some people just avoid trading on every Mondays or Fridays for example. Choppy condition is the BIGGEST enemy at least to breakout day traders......
Prop firm vs. Own funds https://youtu.be/QA6SGjSwTV0?si=kLwbfyprxiWJ-34v https://youtu.be/GS2P6VCAd0k?si=sUK8I3kfzHO1orfZ
It's getting more and more obvious that I am a spread guy rather than a day trader......
Demo trading until my account is transferred from AMP to Advantage.... It was a choppy day indeed. Trading result was only +$20. However, at this time of writing it seems Mr. Market has decided to go down...... Unlike Steve, I also value MAs (50 and 200 EMA), daily Pivot levels and VWAP bands. {image} {image}
{quote} Hi Heispark Got to love the 21EMA as a pullback tool, it’s good for getting the meat of the move back to the current trend. Have you tried using VWAP either daily or weekly as the primary bias, it works well for me. Cheers
Even as a hobby, it wastes too much time..... I better watch Netflex instead. 
{quote} Unfortunately, she's not doing well recently either. She lost 3 times in a row today. She lost 2 times in a row the day before yesterday. I think she's barely profitable on January. Being consistently profitable in day trading is really really difficult.....
{quote} Hi heispark I think you are better off scrapping Topstep and just trading pattern setups on SIM till you get good at 1 play. I would start Trading micro’s first because you have to build a solid platform of achievements first and you haven’t earned the right to trade mini’s yet. Then find a pattern that works for you and let order flow assist entry. Patrick is wrong about order flow, you don’t trade directly off volume signals but rather use it to launch trades off important levels or pattern setups. I don’t want to waste your time but if...
{quote} My idea how to avoid choppy conditions is to trade only when multiple MAs are contracted. It's something like Guppy or rainbow concept. Nothing new and yes, it cannot avoid chop 100% in time. The cost is losing more trading opportunities. It's ok. Being caught by chop is when you lose most money and finally you give up day trading. The key in day trading IMHO is to find when NOT to trade. Today I didn't trade because 15M and 1H gaps between MAs are so wide. It will soon attack and try to fill the Monday gap. Then I think I can find some...
{quote} I recouped some losses. If I make $3K in this SIM account, I will try Topstep once again. I passed Apex eval before but blew PA account soon after. Hope I won't repeat this again... Prop firm accounts are also SIM anyway, so less nervous. That's one of the benefits trading using prop firm accounts. {image} {image}
{quote} He has removed most of his live streaming videos from youtube and stopped posting any more even though he still does live streaming. Yesterday he lost $+600 (if he still has 20 Apex accounts, his total loss was +12K). He totally lost his edge. {image}
{quote} Day close update..... Not bad. {image} {image} {image}
Well-known live trading streamer Alpine Trader also has $10K payout denied by Apex. Accordingly, the reason was 'failure of risk management'.....Apex is a SCAM. {image}
