Traded for 5 hours...halfway through was profitable ($325), but by the end of the day had given it all back and $50, having entered and exited trades 32 times... that's 64X whatever the commission is...something isn't quite working.
If I had followed the market perfectly there would have been 6 entries and exits...12 vs 64. To give an idea.
You see
I did learn that IB has much lower commissions on the order of $0.85 per contract (plus exchange fees of $1 minimum) . Combined with their managed accounts program and wide range of instruments, this is yet another reason to choose them as my primary broker. Their poor interface and expensive options contracts are the reasons not to.
Temporal Analysis: it seems that based on the daily charts there are 3, I repeat 3 major reaction times where there are potential pivots. All except 6:30 are +/- 30 mins or so.
6:30
9:30
12:00
All Pacific Time
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