livingston's class

Hi Livingston,

You mentioned $0.75 as being the kind of daily price range to look for in selecting stocks.

Forgive a stupid question, but is this an average daily range, or a minimum?
Do you want to see stocks that have this range even on slow days, which means a much greater range on active days?

THanks!
 
i am not one to judge, but based on the notes that livingston sent me, all information is condensed to the most practical and most useful (as one sees many situations that has listed on the notes). You have to remember though, there are only so many variations of scalping, and in the end, we are still scalping. Teaching how to scalp is a matter of expression, not trading/scalping skill. Frankly, in this thread, livingston is not trying to thoroughly go step by step starting with vocabulary, he is answering questions as coherent as he can.
 
the .075 is the minimum, just go back to the current day and the few days before, and look on the chart, in order to develop a core list of stocks, this is part of the preliminary ...we do this on a daily basis, this may seem repetitive, but as you know things go in and out of play...the last thing you want it is to trade stocks that are stuck in a range....
However, at least in the begning you do not want stocks that move too much, as in there is too much vol, such as google (extreme example)....
Hi Livingston,

You mentioned $0.75 as being the kind of daily price range to look for in selecting stocks.

Forgive a stupid question, but is this an average daily range, or a minimum?
Do you want to see stocks that have this range even on slow days, which means a much greater range on active days?

THanks! [/QUOTE]
 
you are right, im not trying to thorughly go step by step, i am just trying to answer the questions as coherent as I can, otherwise it would be too time consuming, and i have a feeling that the trainees next to me might just riot (i.e. for the lack of training attention)...:)
Quote from FastandFurious:

i am not one to judge, but based on the notes that livingston sent me, all information is condensed to the most practical and most useful (as one sees many situations that has listed on the notes). You have to remember though, there are only so many variations of scalping, and in the end, we are still scalping. Teaching how to scalp is a matter of expression, not trading/scalping skill. Frankly, in this thread, livingston is not trying to thoroughly go step by step starting with vocabulary, he is answering questions as coherent as he can.
More...
 
Thanks once again, Livingston!

Another question:
One tactic that's employed sometimes, at least in futures, is to have a "core" position, and sort of trade around this throughout the day.

So, you might be long 100 contracts on an up day, but selling some on the rallies, and buying them back and adding to the position on the dips. As time goes on, you're building a bigger and bigger long position because the market is going your way in the longer term, but you're taking profits and adding on the short-term fluctuations. This is based upon the ebb and flow of the orders, among other things.

Is this type of strategy employed in your trading style at all?
Would it be worth considering for equities?

Thank you for your time and help!
 
pardon me but may I just ask, why exactly is this kind of reasonable and civil discourse allowed to pollute the Religion and Politics thread? Surely it belongs in one of those disgusting foul trading forums or at least deserves relegation to Chit Chat. The mods their wonders do perform in mysterious ways.

Thank you.
 
ahh oh I seee , ooo, erm, right then., . stealth mode eh? oops , okay sorry , mums the word. best not fly too low.. could catch undercarriage on rocky bits..
roger ..
well no you don't want to get get rogerred ....not in here.. too dangerous.... good luck anyway.
carry on.. over and out.
 
hi trader56,
Actually never really employed that strategy, it sounds interesting. Funny enough, I actually have been thinking for the past few weeks whether this strategy would work, have not tested it yet....
But certainly would not recommend it, especially when you are a trainee....

Quote from trader56:

Thanks once again, Livingston!

Another question:
One tactic that's employed sometimes, at least in futures, is to have a "core" position, and sort of trade around this throughout the day.

So, you might be long 100 contracts on an up day, but selling some on the rallies, and buying them back and adding to the position on the dips. As time goes on, you're building a bigger and bigger long position because the market is going your way in the longer term, but you're taking profits and adding on the short-term fluctuations. This is based upon the ebb and flow of the orders, among other things.

Is this type of strategy employed in your trading style at all?
Would it be worth considering for equities?

Thank you for your time and help!
More...
 
Hi Livingston,

Thanks for your reply!

No, I didn't think this strategy would be good thing to attempt as a beginner.
It seems like this would require having a really well-developed "feel" for both market movement, AND the characteristic movement of the particular stock itself.

Just sort of thinking out loud...

Thanks again!
 
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