Day traders have v low chance of making consistent money. Those who trade with charts & indicator have zero chance. Read on why 1/
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/
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
How many days out of 252 are really there like last 5? May be 20-25
#ES_F $SPX $NDX $SPY /4
In such a back drop, only one who benefits from ur trading is ur broker.
#ES_F $SPX $NDX $SPY /5
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