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".
Actually, you and I trade very differently. Often think all years I have scalped has factored into my long term trading, but for most part still have 75% of the stocks I bought in 2009 and added along the way taking profits from scalping to do so. Do much covered calls during certain times, when expecting pullbacks, and sell puts when expecting moves up like recent H&S pattern in ES.
Didn't mean to overwhelm you, but many don't know what to ask and found your answers interesting. By far best in awhile on stock trading.
Steepness of slope tells me reversal is near and often give signals to hedge open profits and go other way with futures and hedge those as well.
Indirectly related but nonetheless...
Why is it most successful traders of financial markets have no desire to pass on their knowledge to anyone - be it family / friends / colleagues / whomever?
Greed? Selfishness? Tried but patrons were pain in the ass and wanted a quick fix?
Just curious honestly. Skilled traders obviously make good money. Seems a waste to let the knowledge simply die with them. Why not help / teach someone else and pay it forward? Then again - humans can be disgusting creatures.
Just always wondered. Thanks for the thread and knowledge in any case.
Can't teach someone a career in a weekend or few months, there is so much to digest, so much to memorize. Guy am working, we at it nearly two years now, some weeks he gets it and others small losing week. Even taught him a "Holy Grail" option system which he is 68 out of 68 trades. There is so much to memorize and older one is, even tougher.
Everyone wants to be my friend like my knowledge is going to rub up against them, and being internet, those who are sincere often times are vendors.
When people go to doctors or dentists do you expect to be charged? And they teach to keep well, car mechanics fix your car and teach you how to keep it running. I don't understand why people think it should be free in trading, spending over 100,000 hours of screen time, didn't take vacations for decades. And it won't die, have it automated.
