OK thanks. It's just that there are several "gnomes" out there. An investment gnome, one who posts on tradingview, and there was one who wrote articles years ago.
Scatty On The Markets... your questions answered here!
- Thread starter Scataphagos
- Start date
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 shorter time frames.
5. I don't advocate "targets". "Let profits run", if you can.
6. No long term stox for me
7. Stops based upon chart and trade entry. Subjective (IOW, a guess.)
8. I generally don't concern myself with individual daily bars... though I'll make note of a 2x or 3x star pattern at the supposed end of a swing.
9. Yes, have traded commodities... not only for my own personal account was also at one time a CPO/CTA.
10. Megaphones are rare. Sometimes they seem to be forming only to abort before "completion".
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Years ago I wrote some articles on financial planning for a trade magazine, but I doubt mine are the ones you're referencing.
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 jumped in with regulations. I dunno. One day I had a business of managing others' money, next day I was "unemployed".
Kind of like when I got discharged from the military. I got "turned out" with no money, no home, no job... just a "thank you for your service". The more I think about that, the angrier I feel. I managed to "get by" thanks to my dad's sister giving me a place to crash until I could get on my feet. Lots of vets get turned out with no home, no job and no place to go... end up on the streets or similar. Sad, when you think about it. (Wounded Warriors and Vietnam Vets are 2 of our major charities. Both my dad and my wife's dad were veterans. We're proud of them and honor their memory with our charitable donations.)
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5. If you’re on my “ignore list”, I won’t be answering your questions, of course. (You’ll never know what you’re missing out on for being an ignoramus or having pissed me off.
That will narrow down your efforts quite a bit then.
I wish you a quick and complete recovery though.
I just had hip surgery and will be laid up for a while. I can either lie in bed and watch old Gilligan’s Island reruns or do something else. As there are TONS of false notions about the markets and trading, I’ve posited the notion that I might benefit the mankind of market traders by answering some of ET-ers questions. (I did this once before about 15 years ago and answered ~200 questions over a weekend.)
So.. who is Scatty? “Scatty” or “Scat” is short for Scataphagos… Greek, loosely translating as “shit eater”… a clue as to how seriously I take myself and is in deference to the election of Obama.
Why should you bother to listen what I have to say? (1) I’m long-time experienced, (2) I formerly managed a mutual fund timing service where clients paid me to trade their account for them… Much to my dismay I never got into the “big time”, but I was a big fish in a small pond for a while with ~$60 Million under management. I won the 1994 US Investing Championships in 3 categories plus had other “top 5” finishes. (3) I started my investing career with a $25/month bank draft into Templeton Growth Fund and grew my trading account to “8 figures”. (And yes… While some have deduced over the years though I’ve never admitted it until now… I am that "Gnome” guy. If you don’t know the reference, no worries… you won’t hurt my feelings.)
So… I if you think an old timer with those credentials might offer insight into your trading, tune in.
If enough people say they’d be interested, here’s how it will work…
1. I will answer general questions about trading, the markets and Price TA. I won’t answer questions like, “I bought a call for $1.00 and now it’s trading at $.50. What should I do with it?”
2. I’m not an options expert. I know generally enough to have passed the Series 7 securities license exam and have traded some for myself. Options are not my preferred vehicle. These days I trade ETFs and index futures.
3. Questions will be posted with a time stamp. If I answer a question with a later stamp than yours, yours won’t get answered… no reflection on you, just that your question likely has already been answered, is too specific to be of general interest or I simply don’t know or have no opinion.
4. My answers will be factual, at least in my mind. If I’m “iffy” on something or don’t know, I’ll say so. I’m not going to blow smoke up anyone’s skirt pretending to know something I don’t.
5. If you’re on my “ignore list”, I won’t be answering your questions, of course. (You’ll never know what you’re missing out on for being an ignoramus or having pissed me off.
6. If you’re want to “razz the thread”, don’t bother. You won’t get a rise out of me. You will simply be ignored.
7. ONE question per post, please.
An AMA thread from scataphagos. lol.
1) When did you become allergic to monies?
Gnome was a great poster. I doubt scat and he are the same person. Scat has me on ignore.