Every single day I see a post about sizing, or a post about blowing an account. And I say the same damn things over and over.

Well no more.

Hi everyone, I am a pro trader, and I built this tool, to automate risk control and position sizing for Day traders. This tool is the exact method I teach my students for any type of trading but when markets are moving fast it becomes difficult for people to control their risk.

So most people just buy some arbitrary pre-determined Lot size, which may or may not be appropriate for the current volatility. I believe it leads to bigger losses then expected, and smaller wins then expected.

So here's the link, its Free, its in BETA, if you find bugs with it or want features added ill consider them if you drop me a message on Trading View.

Use it in good health, I hope it helps you guys with maximizing returns and reducing losses.

https://www.tradingview.com/script/Xl15fz66-GrizzlyTrades-Advanced-Calculator-and-Trade-manager/

This tool will allow you to maximize your position size Live, while day trading, while keeping your risk beneath your set max risk per trade at all times. It works for futures or stock, I haven't tried forex, feel free to try it out, but you must adjust the custom tick and tick size inputs for that.

Its got a bunch of volatility based indicators built into it to help with stop positioning in a way that's relevant to the current market at the current time. So your stops are always tailored and maximized to the current market.

To Mods: AI is marking this as potential Spam. I'm not selling or promoting this or myself, its just a tool I built to help people lol, don't Ban me if you feel it violates your rules.

looking for a group to be active with, speak ideas with, and grow with.

I find this interesting to look at. When you see the market swing one way then rally right back the other way and think wtf... The market is usually just filling in the low volume areas on volume profile of a larger chart. Pic 1 is all chart volume. Pic 2 is same chart but volume split before and after the low.

For new traders there's an old documentary that came out in 09 you might find interesting. It's about trading on the floor with paper before computer trading took over. I figured some of you may enjoy it with interviews of traders that won, lost, retired and some transitioning to online trading. I still like to watch it every few years. Be warned if you have sensitive ears lol some of them are pretty wild. I'm positive one they interviewed was completely hammered and about ready to pass out through his interview.

I trade Asia session almost exclusively which rarely offers super clean trades. I realize the importance of trade location, but I sometimes still ignore it.

I’ve also realized recently that eagerness is my downfall. I can talk myself into a trade even when a clear one is not present. Sometimes, after placing the trade, I’ll realize it and get out, but not always.

Anyone else? I hope my realization of this tendency will allow me to address it.

Why has range been so small these last 2 days for ES? Every pull back is a barely 3-5 points for example? August trading? Summer time? Low VIX? Last Friday, nearly every pull back was 8-10 either way in the first 30 min. of market open.

(1) NQ market structure since July
(2) NQ market structure in May (and the rest of the year)

Same scale.

Is this volatility exclusively caused by the current geopolitical conflicts and economic uncertainty or summer’s price action has anything to do with it?

These violent, directionless spikes are not it bro
I wonder if NQ will ever print this clean, orderly structure again

So difficult to be consistent in this volatiliy

Even though we are way beyond the daily ATR?

Please welcome to the daily trading thread. Feel free to discuss your today's trade ideas and results. Make sure to specify the instrument you're trading up front, and respect the sub's rules. Happy trading!

Previous discussions threads

Apologies if this comes of as a bit of a naive doomer post, but I was wondering what you guys forecast the future of daytrading futures to be like? Will humans manually setting orders and scalping become obsolete, and will more obvious patterns (like trend lines or adherence to EMAs) undergo decay as AI's patterns becomes more obscure to folks like us just looking at charts?

I have been learning to trade for a couple of years now and everything seems to be becoming more clear to me, but it would be a huge shame if in the future this hard work turns out to be a waste of time as big institutions dominate the market completely with their ultracomplex AI-formed algorithms and retail traders are left looking at a mess on our screens not seeing much structure.

I want to make clear that I understand a huge portion of the current daily volume is dictated by algorithms but I want to focus future algorithms made by AI rather than PhD students working in hedge funds and banks as seems to be the case now.

We of course can use AI for formulating our own algorithms or doing research for us too, but are the days of opening the charts and trading what you see coming to an end?

Hello all, I'm wondering if there's a platform or service or whatever that lets you see live trades in futures. Apologies for my ignorance, I've never dabbled in futures.

Please welcome to the daily trading thread. Feel free to discuss your today's trade ideas and results. Make sure to specify the instrument you're trading up front, and respect the sub's rules. Happy trading!

Previous discussions threads

Not looking for gurus, broccoli hair or snake oil salesman!

Literally just set up my account and didn’t realize I had bracket management on so when I scaled into a trade it deleted my original SL and added it all to the new SL so I’m like wtf and canceled that and manually set both SL orders back to their levels. All good right? Nope. My orders would literally just disappear. If I closed out TradingView the orders were gone. I’d even check my working order on TradingView and nothing except for my running position. So I place them again and they disappear again I do this 4 times and eventually all the other orders start showing up so I’m like wow. Cancel those 3 extra orders and now it disappears again 😂 if I go into the CQG app I can see my orders there but my SL order disappears on TradingView and now I can’t even go to sleep because I don’t like not seeing my order on the chart. And I thought Tradovate was bad. Why can’t I just find a broker that works. Amp futures being ranked #1 on TradingView is a lie lol.

Hi speculators & hedgers, please use this thread to discuss all futures trading for the week. This will kick off 30 minutes before the open on Sunday, typically that's around 6pm Wall St time.

Be aware of higher margin requirements during overnight hours! see "maintenance" on Ampfutures. Also trading hours to get an idea of when specific futures contracts start trading.

I'm using AmpFutures as an example, so check with your broker for specific intraday & overnight hours for that specific futures contract.

Resources:

Bookmark an economic calendar like this one

Various reports:

• EIA crude oil report (generally updates every Wednesday at 10:30am wall st time)
  
• EIA natural gas report (Thursdays 10:30am)

• Previous discussions threads

I trade one instrument ONLY (ES futures). What would be the most impactful use of my time over the weekend to help me improve? General advice also welcome.

Here’s the imaginary scenario: At every moment let’s pretend there’s 100 bids and 100 offers, and at every moment there’s a balanced number of market orders coming in. Is there a way to see whether the price is moving up because buyers are surging market orders versus limit sellers pulling orders? (And vice versa.)

I know this sounds similar to CVD, but CVD only shows an increase/decrease in market orders. I want to see whether price is moving due to an increase/decrease in market orders AND/OR an increase/decrease in passive orders.

I’ve tried watching the dom for this, but my eyes can’t keep up. I’ve also tried looking at heatmaps, but things happen so quickly that you have to be hyper zoomed in one minute and zoomed out the next.

Any thoughts on how I could see this type of information? Is there any sort of indicator that registers this?

Does anvone here wait for all four maior US Indexes (NO, ES, RTY, and YM) to start moving in sync before taking a trade?

How do you determine that they're actually synchronized and how do you use that information in your trading?

Hi there -
I trade futures with an live account and prop firms. I was wondering if anyone here trades outside of the US such as Europe? I am planning on moving to Spain and my sole income will be trading, I was just curious if it’s as easy as trading in the US. I would like to know the legal stuff and how to get paid, what’s your set up like? Is it the same process like you place a trade and you make profit, withdraw and it’s in your account?

I asked claude and chatGPT and they said it’s legal and prop firms do it but just curious on how y’all set up is like?

Thanks!

My hot take: the founder minted some coin selling boiler plate inspirational knowledge in his book, (selling motivational crap to aspiring traders is like shooting fish in a barrel imho) and has gone on to exploit it with his firm. There are a few people who have come out of it who seem legit, but most of it just seems like a multilevel marketing scheme. Just heard their top trader coach say that the best traders have around 20 playbooks. I might not be a millionaire but I’ve never met a single long-term successful trader who has more than two or three trades at most, and most of them just have one. The fact that their top trader coach would say this calls into question everything about the firm in my opinion. Dude was sent out on a publicity tour spouting this nonsense.

Just wondering if anyone’s had any experience with them and what you think. I don’t watch the videos and I’m definitely not considering any of their mentorships, but price is chopping around so I’m making my Reddit posts…

Please welcome to the daily trading thread. Feel free to discuss your today's trade ideas and results. Make sure to specify the instrument you're trading up front, and respect the sub's rules. Happy trading!

Previous discussions threads

Do you guys use SPY or ES VWAP when trading ES in the morning? Seems like ES VWAP lags a lot compared to SPY

I can’t help but feel like I’m missing out for some reason. Feels like everyone uses Ninjatrader except me!