You are too self absorbed to realize that this is the first time you have answered quesion 1 in no uncertain terms. You do sometimes Buy Call To Enter. During that trade and before you exit that trade involves questions 2 and 3 You have not answered questions 2 and 3 yet. You will, sooner or later, may as well make it sooner, MacBoo What did you BUY TO ENTER AT AROUND 10:13? WHAT PRODUCT? 1) BUY TO ENTER SPY OPTION CALL? yes During that trade and before you exit that trade involves questions 2 and 3 2) ANYTHING ELSE? 3)ANY HEDGING? Pat them dogz for me.
There's more than one way to skin a cat. Work that cat man! If a setup triggers and hits an exit level in 2 minutes, I don't wonder if it is scalping or not. I don't give a shit, if it is simple price action and one of about 6 targets that are out there, e.g. a fitty to 200 trade gonna take a damn good look when that price hits the 200 and depending distance traveled already, what and how much shit lies on the other side of that 200, an exit may very well be in order right there, it might be a simple no brainer to continue on to the next target, a pivot, a horizontal trend line or channel, but the last thing I give a shit about is whether or not to call it a scalp or whatnot. Don't care at all, also don't care about the dif between intraday designation or swing. Whatever works, beautiful. What's your stop, what's your entry, what's your stop gap, what exits are you looking at. That's where you come in SML. Some time back I posted that there were prolly some damn good traders on ET that could enter on a flip of a coin and Manage the Trade from there, regardless of when that coin was flipped during the session. You are Managing your trades one step away from a coin flip imho. I like it. You don't give a shit about entry rules as far as I can tell. Think I care? I don't give a shit. I got my toolbox of entries. We been around that subject and stand at different perspectives and understand one another's preferences. As for exits, we ain't done those, lol. Happy to share the exits I like to look at with ya, but ain't about to distract you with that crap unless you ask about it. Any exit ideas you have for me, I am open for ideas 24 / 7 / 365. Bring bring. Right here in front of god and everybody, in a pm, or take the nunya rule. All good. Advice can be more of a pain in the ass than help. A guy can post a chart over in Buy 1's SP thread where trades are often posted and they ain't got no time for that. I have posted a couple over there in thumbnail so's a trader gotta click on it by choice, it ain't smackin em in the face and causing maybe some distraction. Now, did you wade through all that shit? Here's something from what looks like a scalper, a designation that MacBoo no likee. Looks like a nice piece of business to me... is it scalping? I don't care. https://elitetrader.com/et/threads/anatomy-of-a-fun-2-day-trade-amc-60k.359907/ So what time do you trade if you start late? Between 9:30 and 10:30? You think I'm casin your crib for a heist dontcha! Don't blame you a bit. Can never be too careful. Hell, save us both some time and if you want, just invoke the nunya rule man, nunyafuckingbusiness. I'm good with that, but can't let go otherwise. Time or nunya rule, up to you SML.
Hello easymon1, I think you have a great mindset of the trading business and see what I am saying about keeping trading completely simply. I am a gambling and best guess trader sir. Nothing special here. I scalp by risk $X to make $X where is X=X. Nice and simple. Only a fool makes things complicated. My name is SimpleMeLike for reason. It does take awhile to get simple, but when you think about, trading is very easy. Traders make it hard, by looking for something called an Edge. Edge is our eyes and what makes us happy win or lose per trade. The hours vary when I have 1 hour of focus, that could be at night or day and all I do is stare at the chart buddy. Simple man. No reading books, no listening to nobody. I do it my way. Simple man. Why listen to anyone, listen to simplicity and no working hard. This trading. Why should we work hard at game where you only need about 55% win rate to win overall. Take your best guess and be smart about it. And scale up to be rich fast. yes get rich quick. Yes, I want to be the get rich scheme. I want to get rich quick, very rich quick. Why I would waste 1 hour of my time if the goal is not to make $1,000,000 within 2 years. Yes, that is right. 1 hour of trading and plan to make $1,000,000 in 2 years and about $500,000 per year for life. ES provides that by scaling up. I am so bless, so bless to be in this position. It is wonderful feeling. Think about it. I can make $500k a year starrring at guessing for 1 hour per day for the rest of my life. And its legal. I do not have break the law to make this money. What more can a man ask for? You know how many men would love to be in this position man. I can name alot who do anything to be in my position in life right now. Be thankful my friend. Be thankful. Thank you God for this opportunity. Love trading man. Best feeling in the universe. Only a fool waste time trading if they not aiming at $500,000 per year very very very very very quickly. 2 years, that is my goal. 1 hour a day of work. And not working on the weekend. I use my free time to goof off, sex women, play with my dogs, play video games, prepare for hunting season, work on my 70 chevy chevelle car, take my kid out to eat, sit outside and bbq. Why work hard, no work smart to be rich, and be rich quickly. Only a fool continue to work hard in trading and still lose yearly.
Preaching to the choir. Simple is beautiful. How Simple? Some ol dude spouted this, and it seems legit to me. And some other ol dude said "ay, there’s the rub... what dreams may come." Indeed, How simple is Simple, but not simpler? What may come by the search for that line between Simple and Not too Simple? 1) SML "Love trading" and so do I. 2) Entries, we have different ways. Period. Fine by me. No problemo. 3) Exits. Yeah baby. Let's talk Exits. Whaddaya got for me?
Good Morning Easymon1, lol, yes sir. Keep it simple always and do NOT work hard at trading. If you work hard at trading and still losing year to year, you will have stress and keep working hard with no reward year to year. If you read alot of trading books, you go round and round and circles forever. 1 hour and take your best educated/experience guess. Work smarter, not harder.