Changing Strategies

Suppose I'm grandma and suppose I didn't get the memo! Can you please explain bighog why you're favoring futures over stocks? I notice NoDoji also said she just mostly trades futures now, so I'd love to find out why. Thanks.

 

To answer your question though:

Get consistent with the simple simon stuff, make some money. Then you as most do, we putz around until we grasp an even easier concept................ "go for less ticks with more cars"


8 cars = $100 a tick, 5 handles =2K a day, just a hop-skip-jump to get to 20 handles a trade

 

Much easier said than done. Many good traders here will tell you that edges come and go. Based on people whose word I trust, BigHog is a trader who has been a consistent winner, but one who hasn't participated a lot [in these forums] in recent years and I was curious if he was still doing the same stuff he wrote about in 2008 & 2009 and if it was still working for him.

 

Yes, Bighog's trading strategies worked when I met him in 2008 and have been working ever since. It's classic technical analysis of price action and has been the subject matter of trading books going back decades.

I switched to futures because I had difficulty focusing on too many things at once. Bighog got my interest piqued in futures, specifically ES because that's what he traded. By the time I learned enough about trading to understand how to do it profitably over time with an edge that doesn't disappear (technical price action), it made sense to simply trade one or two instruments that provided ample intraday opportunities and futures eliminate such annoyances as the wash sale rule, sudden price spikes or crashes over rumors, hard to borrow shares for shorting, etc.

Futures are perfect if you understand price action and probabilities.

 

+1

 

Our ET gem of the day.
Good post, sister Doji.

 

I have also found that the money made with a trend trading strategy is usually lost during times when a range starts and vice versa. It would be cool to have an indicator that kind of indicates when the change occurs.

 

Exactly, but do you think this will change drastically over time?

 

You forgot futures get taxed at a much better rate too...

 

HUH?

Brother Spunk, either price is going somewhere or there (for all practical purposes) would be no market.