, 6 tweets, 2 min read Read on Twitter
Today I will share something I learned after 12 years as a creature of markets. Plz share this with others so they don’t waste years realizing this.

Day traders have v low chance of making consistent money. Those who trade with charts & indicator have zero chance. Read on why 1/
Making money in markets is not a function of oscillators or charts.

This is only for short term day trading.

I view weekly/monthly charts for my IRA and it’s very useful. This post is referencing only those who trade intraday , short term.

Profit depends on 2 things ONLY 2/
ONLY 2 factors decide if you make money & how much you make when you do:

1. Volatility
2. Liquidity

Volatility is a function of liquidity.

Too much volatility & no liquidity , you won’t get fills/ get out.

Too much liquidity will mean no volatility

There is a sweet spot /3
Last week was a sweet spot in terms of liquidity vs volatility. Perfect conditions. Like earth with water and distance too sun. U get too close u burn, u get too far u freeze.

How many days out of 252 are really there like last 5? May be 20-25

#ES_F $SPX $NDX $SPY /4
As more and more people trade, liquidity will continue to go up, volatility will continue to go down. No one will be able to make much money intraday if there is no volatility.

In such a back drop, only one who benefits from ur trading is ur broker.

#ES_F $SPX $NDX $SPY /5
So what’s the solution? Diversify. Stop using indicators first off

Then pick up some data/flow based techniques to find trades

Trade larger time frames

Use correlations to find trendy markets

Whatever u do, wean ur self away from inactive, in balance intraday markets /6
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