The above chart is the first trade of my new strategy. I’m calling it Double Down Strategy. From the You Tube algorythm, I was served up a video that blew my mind. Its low stress, hardly any indicators, uses math and risk as the main structure. My mind is blown! I tried this on Ninja trader playback on Sunday morning, and it worked. This morning was the first test in live sim trading, and it worked. The above ES trade is an example of a trade going sideways and ultimately making a small profit.
I can see my entire day trading career taking off from this and building the foundation for years to come. This is only the first day, and my practice at using it surely needs more time to adjust. Below are the trade that I took using this as well, but “unfortunately”, they resulted in immediate profits, which means I was unable to test them. In the next few weeks of trying this out, I’ll get a better understanding if this will work or not.
It weird. I look at this golden opportunity, and kinda hope it fails. I don’t want to believe that its this simple to day trade. Even the person in the You Tube video stressed how important it is to get experience, months or years of experience! I hope its for real. I need a career change.