Thread by @abetrade

/1 thread about daytrading.
I gained lot of followers lately, although its still not much compared to others, it comes very clear that most of you people are trully dumb as stick. I wish there would be another way to say it.

2/ and this is something big account dont tell you to just look good, but most of you people are just lazy bastards who keep crying in the comments as you made number one mistake in trading which is getting emotionally involved in assets you trade.

3/ as much as I think crypto is awesome and it is innovation we wont see again in our lifetime, if you want to actually trade instead of just investing you need to put big man pants on otherwise you get utterly fucked.

4/ before we do this, there are two things I want to mention, I dont mind sharing any alpha because I trade discerarionary system spread across different futures markets therefore we wont be sharing same entries, exits etc. If i would be 100% systematic trader, Id never share it.

5/ I daytrade because im stupid, there is truly no way to put it. I think its much easier to predict next minutes/hours than days/weeks. You can be profitable swing trader but it requires much more work imo.

6/ before anything start with Van Tharp Guide to position sizing. I take lot of trades everyday and things can go south super quick. Risk and psychology are always big topic, if you understand risk, psychology wont be much problem.

7/ after you have your risk done, go watch Financial Market Microstructure by Egor Starkov on youtube. Its university lecture about markets, its pretty heavy to understand but knowing how markets work give actually such a huge edge its insane people skip this completely

8/ Price action is huge part of my trading, I enter market based on different patterns and it is still easy and effective way of doing things. Search for Paracurve, Tom Dante, Bob Volman, Lance Beggs, Chris Lori. All of these people provide a working PA strategies worth exploring

9/ auction market theory/tpo/volume profile. I think these tools are awesome because they provide you a context which is something PA can lack off. Although these things look complicated, once you get full grasp of it its quite easy. Dalton, Keppler and CBOT TPO guide are go to.

10/ orderflow. this is where things can get complicated mostly because you will get exposed to so much data. Most of it is noise, learn about footprints, DOM, heatmaps slowly and only use them as confluence which you watch when you participate in the market.

11/ Look at marketdelta, jigsaw, futuresio stuff on youtube.

12/ To conclude this, we are in 2021, you are no early to anything. On top of that you compete against some smartest people and algos in the world. If you think you can jump in with your life savings and hope for the best, there is a bitter wake up call waiting for you.

/13 Thanks for almost 20k followers, although it doesnt mean anything I connected with some people who are truly eager to learn and Im always happy to help those who deserve it. I have blog in my bio which covers lot of topics I mentioned in this thread.