Is chart trading dead? (At least when it comes to ES)

[volpri]

Two cents anyway. I love scalping though. I run back to momma whenever I feel lost.

BINGO..you gotta love it. I did it way back before the days of the Dom and have never been able to get it out of my blood...a scalper may meander over to other methologies as the markets change but way down..deep inside...scalping rules. And it is never forgotton.

 

[volpri]

I recall Rotter's name. I don't know, but perhaps Rotter was a "front-runner" ala SAC Capital. (??) If that's the case, can't logically compare him to anything.

But just because "one guy" made it big with that/any kind of thing doesn't mean it's the "norm" and that ET traders should be able to accomplish the same.

"Anything" for lots/the majority of people to be successful at... needs to be simple and easy. Trading is NOT that at all. (If it were, all traders would be rich... and we all know the status of that!)

I agree, in theory, with one exception. Regardless of methodology most traders will not be successful. Simple..complicated...it doesn't matter. Usually what does most traders in are the psychological issues. I suppose that is where automation can help.

 

[Scataphagos]

Usually what does most traders in are the psychological issues.

Back in my professional bowling days, one old-timer used to quip, "the mind is the Devil's weapon". True in trading as well.

 

[lawrence-lugar]

Back in my professional bowling days, one old-timer used to quip, "the mind is the Devil's weapon".

True in trading as well.

That made me think of the comedy bowling movie Kingpin 1996,

Woody Harrelson lost to his nemesis because he was basically weak mentally. -- But he still ended up with the girl. and a condom endorsement.

 

[Scataphagos]

That made me think of the comedy bowling movie Kingpin 1996,

Woody Harrelson lost to his nemesis because he was basically weak mentally.

I don't know if you follow women's golf... but at the year-ending CME Globe championship this year, Lexi Thompson had perhaps the most pressure-packed short putt in history. If she makes it, she wins (1) Player of the year, the CME championship, $500k prize money, and 2 Hall of Fame points... and she gagged that 2-foot put like a choking dog.

Like Lee Trevino said, "Pressure makes us all leak a little oil. Some more than others."

There is a lot of pressure in trading the markets... desire to win, fear of being wrong, fear of losing money and having to deal with the consequences, etc.

 

[Scataphagos]

That made me think of the comedy bowling movie Kingpin 1996,

Woody Harrelson lost to his nemesis because he was basically weak mentally. -- But he still ended up with the girl. and a condom endorsement.

Regardless of the consolation prize, you always remember that you choked when having the chance to grab the brass ring. In trading, it seems the opportunity for that is a routine experience.

 

[digitalnomad]

Manual scalping like bringing a knife to a gunfight in this day and age.

 

[Slartibartfast]

Manual scalping like bringing a knife to a gunfight in this day and age.

Personally I prefer to bring my knife-gun.

There are tools, will they make you more profitable?

 

[volpri]

Manual scalping like bringing a knife to a gunfight in this day and age.

You must not have seen the western The Big Gundown with "cuchillo" .......

 

[kellys]

@tortoise
Sorry to hear about your poor health of late. I hope you move beyond this and get back to full strength soon.
Your performance could be mostly due to your condition/treatment, it is hard to tell.

What drives order flow and price?
What drives volatility?