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  1. Scataphagos

    Scatty On The Markets... your questions answered here!

    "How do you get to that point"? It's like the old question, "How do you get to Carnegie Hall"? The answer of course is practice, practice, practice. But you have to practice good habits and make proper trades. What are "proper trades"? Ones with Price TA correlation. One I'm sure you...
  2. Scataphagos

    Scatty On The Markets... your questions answered here!

    That's almost a LOL. #1, most traders fail because they are in too much a hurry to get rich. They deploy their capital before they really know what they are doing... doesn't take long to get wiped out... especially when they use too much leverage. Whatever the "other 4" in the top 5 reasons...
  3. Scataphagos

    Scatty On The Markets... your questions answered here!

    That's the kind of thing in which you can have high confidence and trade "bigger". I don't know of anything like that in my method, but some correlations are "very" high and should be traded bigger. (Too bad they don't occur all that often.) At such times the potential reward is great and...
  4. Scataphagos

    Scatty On The Markets... your questions answered here!

    I'd say I'm 100% self taught. The only trading book I ever read is Nison's book on Candlesticks... wasn't all that valuable. Candle patterns at turning points on daily or perhaps hourly charts have some value, but they are not novel. So... I'm self-taught. The following explains... "...My...
  5. Scataphagos

    Scatty On The Markets... your questions answered here!

    Maybe it's a definition thing. I think of scalping as "risking 2 tics trying to make 4". On a day swing you might hold the trade for 3 hours and make 30 points... sell out.. then buy back in later and hopefully make some more points. There are two kinds of proper "sells" on a long position...
  6. Scataphagos

    Scatty On The Markets... your questions answered here!

    I think it's still the same except moves are more volatile and faster. I really don't like that, but what can we do? Traders have a "comfort zone" for "all whatevers" going on. When the market movement gets outside that zone, traders tend to do less well... me included. We now live in the...
  7. Scataphagos

    Scatty On The Markets... your questions answered here!

    Teaching takes a lot of time and there is no financial upside unless you can do it in a big way. "Trading schools" try to do that with having a large following and each student paying a significant fee for the privilege. Usually not worth it as we already know.
  8. Scataphagos

    Scatty On The Markets... your questions answered here!

    Of course you want to TRY to "let your winners run".. but the market makes that difficult because of "counters"... moves against your position and/moves against the trend. You always have to cope with counters... all of which start out small. Some are small and return to trend quickly, others...
  9. Scataphagos

    Scatty On The Markets... your questions answered here!

    "Day-swing" (as opposed to scalping). If you observe Price TA, style is the same regardless of time frame. "Buy support, sell resistance, chase breakouts..." Time frame per se isn't a factor. Holding period isn't pre-determined. Just go with what the charts are saying. On a day-swing play on...
  10. Scataphagos

    Scatty On The Markets... your questions answered here!

    Where to place stops? Ideally on a long, try to buy near support with stop on the other side of support. Exactly how much to use for a "buffer" to not get sucked on on false breaks is subjective. I don't make a habit of scaling in, so I have no view on that.
  11. Scataphagos

    Scatty On The Markets... your questions answered here!

    Much like trading stocks.
  12. Scataphagos

    Scatty On The Markets... your questions answered here!

    Of course as a 10 year-old I was proud of my dad for being in the Navy during the war. Of his brothers, he's the only one who got injured... a bomb dropped on his ship and he lost hearing in one ear. He had a Navy book called The Blue Jackets Manual. He gave it to me where I learned the...
  13. Scataphagos

    Scatty On The Markets... your questions answered here!

    Not slope per se, but issues spend a lot of time in channels... both large and small. They usually have either a positive slope or negative slope. When market moves to intersect the channel extreme, that usually means something whether it holds or breaks. As a general rule, "fade the channel...
  14. Scataphagos

    Scatty On The Markets... your questions answered here!

    I see your question, so you're not on my ignore list. :) Number of reasons the mutual fund timing business went kaput.... some abusive (cheaters) players, fund managers got tired of our trading their funds too much and similar. Must have been that fund trading worked "too well" as the SEC...
  15. Scataphagos

    Scatty On The Markets... your questions answered here!

    Years ago I wrote some articles on financial planning for a trade magazine, but I doubt mine are the ones you're referencing.
  16. Scataphagos

    Scatty On The Markets... your questions answered here!

    1. Counter trend? Sparingly and conservatively. After all, you've got the "wind in your face". Not the best way to try to make money. 2. Don't care about "slope" anything. 3. Dojis are just short periods of indecision... may be found at trend turns, however. 4. I trade off of daily and...
  17. Scataphagos

    Scatty On The Markets... your questions answered here!

    I've already stated all the "enlightenment" I've got.
  18. Scataphagos

    Scatty On The Markets... your questions answered here!

    "Momentum" has a couple of different (subjective) metrics. I like to "rank" issues from a specific date... those that have gone up/down the most/least from a beginning date.
  19. Scataphagos

    Scatty On The Markets... your questions answered here!

    Aw, come on man... you know as much about this as I do. Too many questions at once. (I tried to answer your multiple questions but my page management fumbled and I lost it all.) :)
  20. Scataphagos

    Scatty On The Markets... your questions answered here!

    Follow price. Best and safest you can do. Forecasting is not my forte... but I see the markets managing to go higher, "regardless" because of the psychology behind Fed printing.
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