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  1. J

    Motivation and Encouragement

    IBM summed it all up in its early days. It came down to one word. they then set up publication that was very informative. the title of the publication was "THINK" It never caught on apparently. Here is a simple beginning point for potential traders. What math is dictated by...
  2. J

    SCTlearning from scratch

    The carryover for tomorrow is to take the open short. If you choose to not complete the short that ended the day, then wait for the EE long signal. I attached the charts I annotated for the day.
  3. J

    SCTlearning from scratch

    FF is right on the mark on this. thanks FF. Good luck.
  4. J

    SCTlearning from scratch

    I'm so glad to hear you are working in the Keynesian context of paradigm theory. Those preceding Dow worked carefully to state, implicitly, the HS of the system of operation of the markets. (Particularly Granville and Dobbs as I mentioned a few decades back in the early days of the web)...
  5. J

    SCTlearning from scratch

    Yes you are making a signifcant statement. The lack of degapping in all significant places does wreck totally the reading of signals from indicators. BUT, that is not to say indicators are unworkable. thier inventors did the work long before the poor handling of data sets came into being...
  6. J

    SCTlearning from scratch

    In the mid '50's IBM published the orientation test and categories for each orientation. All people fall into one or the other of the orientations (vertical or horizontal). I asked in a drill for a 5x5 matrix in order to show all possible bar representations. Redneck obliged with a...
  7. J

    SCTlearning from scratch

    By nature left to right moves are non dominant. Dominant moves are the opposite. There re many many discussions of market behavior and most are incorrect. I do not participate in threads that have screwed up logic of ways of trading. An example is a thing called "The Combine" and it is a...
  8. J

    SCTlearning from scratch

    Science and philosophy have a large intersection. Both are based upon reason and orderliness. I used the Scientific Method and the facts of how the market parts fit together. To discover a system you need to look at the smallest parts and assemble them into a complete system. A lateral...
  9. J

    What is the correct chart to use?

    You may be making an interesting point. Before computers could make charts, I took incoming 15 minute data to draft two sets of thirty minute charts offset by 15 minutes. I was doing architecture at the time so I just used a parallel rule and triangles on a grid master along with four major...
  10. J

    What is the correct chart to use?

    To the OP: You are an observer considering trading. All data comes from markets. You need a good IB provider and you need a good chart provider. The test is accurate data and whether, daily, each corrects their data. There is a notification from each that states data is being corrected...
  11. J

    SCTlearning from scratch

    As a person leans aand beomes more skilled, then it is posible to loosen the three tick rule a little. This is done in two ways: just go to more than three ticks and use hold thru's that come from the triad rules and the 30 minute component rules. For me, I "know I know" about what is going...
  12. J

    SCTlearning from scratch

    You wish to see a chart that deals with: 1. the trading platform flow sheet decision making (essence flow sheet) and 2. the market sentiment. On the right I keep the set of flow sheet boxes. As time passes and an independent variable EE comes up, I assign the trading decision at "lock in"...
  13. J

    for small account: 50K, what is the reasonable return?

    Organic growth is never linear. There is also another myth that revolves around 10,000 hours. The OP said something about being reasonable. You are using the word typical... ho hum....
  14. J

    Put a Pencil in Your Mouth...

    Generally speaking, and across all civilizations, some people seek. If they are skilled, they find a path. A mentor arrives and he knows the sequence of questions those who found the path will ask. The order of questions is invariant. Using a pencil to simulate something is just an...
  15. J

    for small account: 50K, what is the reasonable return?

    Use the full offer of the market as a standard and refer to your personal effectiveness and efficiency to drawn the conclusion you desire. 50% or 200% seem low fo an annualized ROI. Using one contract (ES e-mini) and making the least net per day per contract a day (1 tick per day per...
  16. J

    Is day trading worth it?

    Anyone can make any amount in a year they wish. Beginning on Monday with a fixed amount of contracts and sweeping on Friday allows for any lifestyle level a person requires. I posted the daily take for all trades with 5 contracts. And I posted three consecutive days with 100 contracts...
  17. J

    When did you start trading?

    1957 was24 used 300 bucks. made 10% every 6 to 8 day position trading. Added 50% 0f salary every two weeks. In 3 years commisions were greater than salary. I quit working 2 years later. My limit in shares was 100,000 per hold. up to 12 streams. I trade other instruments lately...
  18. J

    SCTlearning from scratch

    To optimize the cards, I feel it is a good idea to get some blank 3x5 cards and handletter in your own words the cards I posted. In this manner you can make the system mean what you learned it does.
  19. J

    SCTlearning from scratch

    I changed the "preserve capital" card to a positive card for logical reasons. It is not necessary to just keep trading at the 4 to 9 contract level on any given week to just make midd 6 digits as an ROI. For emotional reasons it is a goodidea to reside in a given contract range until you...
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