Quote from AlpineTrout:
...Near the beginning of the journal, I was the one who made a suggestion that a few day's worth of ES trading be videoed, so as to alieviate any negative thoughts about whether or not profitable SCT is possible, before proceeding with the journal. I was sincere by the way, when referring to Dr. Amen's research on brain imagery & negative thoughts. Anyway, Magna quickly came out, asked for everyone to put people with my kind of posts on IGNORE, even though I'm not really a detractor. I had asked you a question right after that, but I guess you had me on ignore, so if you don't mind I'd like to ask a few questions.
Do you trade the SCT method fulltime? I ask, because your bio says you're an associate (w/a Company?) ?
How long have you been trading the SCT method?
How did you get started with SCT?
Since you're one of the visiting mentors of the journal, I just thought it'd be interesting to know a little about your background with the material, that's all. Thanks.
Certainly. Just to preface everything, the concept of SCT is always in and on the right side of the market. There is also another fellow by the handle of ProfLogic who SCTs. He gets all types of questions as to where exactly is the entry but all his trades are opposites, short long ad naseum at the full skill level. His framework is the same irrespective of duration, swing, position, intraday, etc...
I have traded both Jack and Prof's way. If one day Prof's gives the green light to go, I will also join his thread so as to make the point of how SCT is a broad level concept that is all about being in the market all of the time and taking off the table what is put on the table. The argument in this thread has been that SCT is 3x the H-L etc... However, Nx the H-L is a matter of SCT skill level. Considering that most days have more than 1 intraday trend, taking out at least the H-L is a super first step. Unfortunately, I can't really dig into the specifics HERE because I am already a martian apparently.
Yes, when the cats are away at my office, I SCT play the day away gunning for the multiples. The dayjob began as a result of signing a multi-year contract before I began my personal journey into trading. I started trading because I didn't like the idea of throwing several hundred thousand bucks into a CD when I had buddies who could guarantee the same return in 4 weeks. This is the whole time thing ^^^^ didn't get. Naturally, being competitive I had to compete and were it not for the doubters in my office saying it wasn't possible, I would have never tried my hand at trading. I thanked them for the doubt and now they are thanking me.
In any event, I looked for the guys in left field to see why they are in left field simply because peculiar things intrigue me. When I got fed up with indicators, I moved to the indicatorless frameworks. From there it was just a matter of trying not to reinvent the wheel.
I could go on and on but it would furthur throw fuel into this fiery thread. As always, my suggestion is to tinker with what's been posted. For some people it works, for others it doesn't, hence the two sides of the fence. Some people spend the time and energy to figure out what's busted and some dismiss it as gobbledygook. Either way, it's all good. As long as someone can take away something that they can add to their trading style, it is worth the effort... That's the whole ET community service. In other words, it helps to help. But none of these guys here would believe that. Over the long haul, I would like to do what "TheRumpledOne" aka Avery has done. He is another selfless person. Ironically, he too lives in Tuscon and has a similar number of flamers. I'm sure these guys would like him either because he has threads talking about how to get $6M before year end... He plays in left field in a completely different type of ball game (ie. FOREX)... The ultimate arena, that is until Mars opens up an interplanetary exchange... So it goes...
