People DM me asking what it takes to be that top 5% successful day trader
I always refer to 5 dimension trading techniques, never published anywhere: Now you have it.
1st Dim: Price action 15M with volume - chart analysis, pattern recognition, trend analysis, major S/R levels
2nd Dim - Volume Spread analysis (developed by Wychoff in 1930's), enhanced by Tom Williams. His book is must read for understanding the Market Structure relationship between price, volume and price spread. And how smart money and market operators gaming the retails. Free ebook
3rd Dim - Market profile and volume profile - devised by J. Peter Steidlmayer at CBOT in 1960'sm enhanced by Jim Dalton.
Jim's 2 books on Market profiles - must read for anybody who is serious about day-trading as well as swing trading.
4th Dim - Footprint & Market Delta chart showing the exact bid/ask volume traded at each price with enhanced volume profile capability
Great tools to spot the large institutional trading fingerprint & intentions, combining with volume profile would pinpoint perfect intraday S/R
5th Dim - still a secret, which ties all previous 4 dimensions together to complete the entire day-trading puzzle in order to be that top 5% to survive. Stay tuned. 🤓
It would take about at least 1 year screen time to paper trade profitably before trading the real account.