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  1. Scataphagos

    Questions about trading Emini S&P 500 Futures

    True... that's why noobs claim, "they don't work".
  2. Scataphagos

    Morgan Stanley eating crow today?

    In Morgan Stanley's case, too soon to tell. In general... If you're a bull and wrong, no biggie. But if you're a bear and wrong, your career is in jeopardy.
  3. Scataphagos

    What makes you angry when you trade?

    Years ago when I was a professional bowler, an old timer used to tell me... "the mind is the devil's weapon". Likely more true in the financial markets than elsewhere. Can't trade well if your mind isn't under control.
  4. Scataphagos

    Questions about trading Emini S&P 500 Futures

    I am not a fan of MACD. I know it's popular, but I bristled at it when I first heard of it. MACD is a "2nd derivative of price". If you can't get closer than that to good trades, you've got a tough row to hoe. That said....MACD will get you in on what turns out to be a "long, strong move"...
  5. Scataphagos

    Questions about trading Emini S&P 500 Futures

    You seem to question the value of range indicators like %K and RSI. Perhaps you should look into them more carefully. My view is that they have more value than most think (but less than most hope). Lane saw so much value in the Stochastic Oscillator, he built his entire career around it...
  6. Scataphagos

    Putin and Trump Photo... interesting

  7. Scataphagos

    Matched High in SPY?

    Not as clear in the ES. In January, its high was~ 2890. That's part of the reason I wasn't looking for it just yet. My bad.
  8. Scataphagos

    Matched High in SPY?

    You're free to heed/disregard any info you like. Obvious this kind of thing is not for you... at least not yet, anyway. :)
  9. Scataphagos

    Matched High in SPY?

    Might as well just "buy and hold", then.
  10. Scataphagos

    Matched High in SPY?

    That's one of the most ridiculous things I've ever heard a trader say. You're a trader. It means something to you whether or not you understand it.
  11. Scataphagos

    Therapists Seeing Patients With Trump Derangement Syndrome

    You joke, right? The MSM are ALL "left wing" sites. Seems to me their reason for "left-leaning, anti-American" slant/hatred on everything is MONEY... from somewhere. (You know a great portion of the population would kiss the devil's ass if you paid them enough.)
  12. Scataphagos

    Therapists Seeing Patients With Trump Derangement Syndrome

    Agree, but don't you think the crazies against Trump are acting much more extremely than against Odumbo? I mean... I HATE OBAMA with every fiber of my soul (he's as much the enemy of America as was Hitler the enemy of the Jews), but I wouldn't demonstrate it like the Lefties are doing against...
  13. Scataphagos

    Winning, Losing & BetSize trading the ES

    "Scalping for tics" would be hypertrading. Don't think that's the best approach. If you can learn to be a "day-swing" trader, you could have 1-2 good trade plays per day... maybe 6-10 if you tried to catch "most of the wiggles". Both are valid. I hate to admit I this missed play... not...
  14. Scataphagos

    Winning, Losing & BetSize trading the ES

    I don't know how to tell you "how". You need to study TA to find the places where "risking a few points to possilby make a dozen" applies. I can't imagine anyone being successful trying to scalp the ES 1 tick at a time. (I don't doubt that a couple of ETers will chime in, "I scalp for 1 tic...
  15. Scataphagos

    Winning, Losing & BetSize trading the ES

    Michael, Michael, Michael... are you out of your ever-loving mind? Trying to scalp the "noisy" ES for 1 tic? You should be risking "a few points, with the reasonable hope of making a dozen".
  16. Scataphagos

    200 shares of SPY bought at 286 - any way to rescue or generate income?

    Sounds like you don't have enough knowledge/experience to be fishin' in this hole. School is expensive. Will feel more so if you lose your capital. (I know about this. My wife is a doc. Said she didn't want to marry another doctor... "didn't want to have both in the family who didn't know...
  17. Scataphagos

    Therapists Seeing Patients With Trump Derangement Syndrome

    1. I have no knowledge of "false stories" on Infowars. BTW.... how to you get a reputation for "making things up" and stay in business? (Like what, The Onion?) While I find Jones to be annoying and sometimes even obnoxious, I don't see that translating into "fake news". 2. If I care to...
  18. Scataphagos

    200 shares of SPY bought at 286 - any way to rescue or generate income?

    Hmmm... Stock Charts shows the high that day to be 284.21. Regardless, that play is high risk and in jeopardy.
  19. Scataphagos

    Questions about trading Emini S&P 500 Futures

    Complex answer. Basically the generally understood, "buy low in the range, sell high in the range", is mostly correct but with more details than I could explain here. Makings of a seminar topic. Problem is that the "basic understanding" application has enough warts to be problematic until...
  20. Scataphagos

    200 shares of SPY bought at 286 - any way to rescue or generate income?

    1. When was SPY "286"? Looks like the high was 284.37. 2. Looks like you bought at technically, "just about the worst time possible".... matched high/double top. If I were you, I'd be very defensive about this position.
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