Scalping doesn't have to be extracting nickels and dimes from the market. The process is the same whether trading 2 contracts or 10 or 20 or 30. There is no benefit in showing size other than to just impress upon minds that the process is the same and decent $$$$ can be made causing that SIM account to grow and grow like an okra plant sprayed with miracle grow! ROFL. Dollar store fading from memory...Dillards in the distance past...hello Saks Fifth Avenue! This is one of the rare time I will show time stamps. It is best I don't for I don't have to prove anything. If I get into the "proving game" then next folks will be asking for a years trades...then 3rd party audits...ad nauseam...things which I am not going to supply ROFLMAO. Anybody reading this journal can SIM it themselves (I refer you to my post 1252) and prove it to themselves AFTER they learn the concepts and practice..practice..practice.. until it becomes second nature to trade in this unorthodox manner. Practice makes perfect you know..At least that is what the ole timers say. So, instead laying on the porch like a ole dog sunning... day dreaming and worrying about if my long term investments are going up or going down, I may have to crawl my carcass in the car to take momma to Saks (for you younger folks momma means wife) Now mind you this is a measly 10 contracts and 5 contracts consisting of two trades (I count the averaging down as one trade..you can count it however you want to..the result in $$$ is the same) over a span of 25 minutes. Let your imagination run. What if...just what if, I was trading 20 or 30 contracts at a lick. Momma might be racing to Fort Knox to make a gold deposit.LOL What if 50 contracts? No waiting days, weeks, months for long term investments to go UP or DOWN..ROFLMAO. In 25 minutes I'm done and KNOW. No longs days on a sunny porch. But more like an ant scurrying around in Cancun looking for some more bread crumbs....and sunning from one resort to the other..LOL I best make haste and stop laughing so much I might get the hiccups. I suspect most traders here on ET would consider 2000.00 in 25 minutes a decent amount of money. But we can let our imagination run........ Now I got to go hook up my well pump. Got it installed yesterday and last night. Then I have to attend to the garden. Happy dreaming and trading. PS. But if a trader wants to do purely long term investments, sit in the sun on a porch and sip coffee, while waiting for their ship to come into dock, that is fine. We all must do what suits us, and makes us happy. No two people are the same regardless if my wife keeps saying ALL the men on my side of the family just gotta be the boss and the leader! I am happy scalping. I hope all are happy with what they do. There is way more to life than $$$$. Although money has been known to create a smile or two. Now just look at all the trades I have missed while typing up this malarkey. I might could be at 10,000????
Bye Saks hello Brazilian Steakhouse or Argentinian Steakhouse. Whichever...whatever.. Warning: Do not trade this way. I refer you to my post @1252. It can be distressing. And one may soon be making tracks back to the dollar store. LOL
Must I remind you that ALL the trades and techniques in this journal are only for entertainment and to provoke thinking. They are not trading advice. Only trade on a SIM. You can lose all your money and more trading futures. Do not construe ANY trades in this journal as being real although some may be! Just have fun reading and practicing on a SIM.
Hi Volpri, I come here everyday, read with interest your posts, your answers to questions asked, the supper your wife cooks, God bless you and your wife, gardening ideas, and what not. Those trading techniques you practice and teach are so far from me, i have almost no knowledge. I tried searching the web understanding the main posts you referred me to, its almost endless, and there are so much misleading info on the web, Do you have a book, or a quick course you would recommend, that would give me some insight to understand the basic concepts you discuss here, I wouldnt want to review hundreds of articles hours and hours, etc. I want to take the basic info, and starts practicing, I havent found yet someone so sharing, this thread is amazing,
You might wish to go to daytradinginsight dot com that IMO is a decent introductory course. I have no financial affiliation or financial renumeration with or from them. I just think their course is a good introduction to Brooks trading methodologies and it is cheap enough. I personally believe the course to be based on sound principles, some of which I talk about in this journal. Brooks main course is more expensive and voluminous in the information he supplies. As is his trilogy of books. Since you don’t want to study hundred of hours you might find the shorter Best Trades course useful in your endeavor. Good luck.
Thank you for taking the time to read my journal. I do hope it helps to provoke deeper thinking. I understand much of what I talk about is unorthodox but sometimes breaking the “mold” (mould in British english Lol) in our worldview and beliefs is good for us as humans. Also thanks for enduring my humor. Life has to have a bit of humor too. Good trading.
I have learnt from him and have become a swing trader. When I would dive down into daytrading I struggle with these bull and bear traps (so called u turns, big big candle down, bigger candle up, sometimes out of nowhere) which seem not to make sense regarding PA