Hi, I sometimes daytrade using even delayed data for the charts, and a list compiled list stored in my broker's web application. It works alright. Most of the time I do short-to-mid-term swing trading. With just the 15-min delayed data. Ok, real-time for the indexes.
Here's my opinion. The three components that determine your success are usually: 1. Level of analysis. How good you can produce low-risk entries with a probable future outcome, which of course is never totally possible. 2. Level of money management. How much you bet on one single trade, how well you scale in, scale out, set and stick to stop-orders, and more. 3. Level of spiritual attainment. How much you have attained the "no-mind" state of the ancient warriors and spiritually achieved people. Which means that you fearlessly execute trades while maintaining a risk-appropriate behavior. Only really possible when you no longer fear the horrible market and what it might do to you. Which one is most important? The one you lack the most at the moment. I was fortunate to start out with fairly solid money management from the start. Best regards / JM _____ From: [email protected] [mailto:[EMAIL PROTECTED] On Behalf Of Louis P. Sent: Thursday, 31 July 2008 2:15 PM To: [email protected] Subject: [amibroker] Anyone actually making money? Hi, I was only wondering... Anyone actually making money or making a living with AB and trading? I've been working on ideas and plans for over 7 months now and didn't find anything convincing yet. I've been searching daily data, then hourly, 15-minute and now I am into 1-minute data and nothing seems satisfying. Been searching RSI, MFI, ADX, MA, HHV, LLV... nothing seems to work. So... Anyone is making consistent money with this, and if so, at which timeframe and how do you do it? I'm beginning to think about switching to tick database; it seems even 1-minute is too slow for intraday trading. Anyone making money with 1-minute? Thanks, Louis
