About that blog guy..
scalping - no longer worth doing?
Don't remember anymore, there were many blogs. Markets change, it's more important how markets trade today, not how they traded years ago.
I do remember making a long-winded post about scalping in particular somewhere a year or two ago, but it's not something newcomers can easily copy. Many markets are just not suited to scalping alone anymore, with weak liquidity/fillrates and increased volatility, it's much harder today.
It good to hear this sort of logical and thought out response. I couldn't have put it better myself.Kai wrote: ↑Fri Oct 29, 2021 9:31 pmDon't remember anymore, there were many blogs. Markets change, it's more important how markets trade today, not how they traded years ago.
I do remember making a long-winded post about scalping in particular somewhere a year or two ago, but it's not something newcomers can easily copy. Many markets are just not suited to scalping alone anymore, with weak liquidity/fillrates and increased volatility, it's much harder today.
It's interesting reflecting on this thread as it sort of encapsulates a lot about the market. The original author mentions a course he bought which is no longer available. That was because Richard came on my course, made careful notes and then published it as his own work. So I had to get it removed on principle, but of course time has moved on since then anyhow.
It shows the value of actually being active in the market as opposed to being 'an expert'. Big difference between the two and replicated within this thread a few times.
LOL
Those new Bet Scalper guys or whatever they're called are probably rehashing old material as well. Wouldn't surprise me!
The sell side of the industry knows that newbies love some definitive advice, some do this now type thing. Even if it is total rubbish. Don't see how that works long term though unless you can keep filling up the funnel. It's obvious unethical as well. But I don't see how it will ever change. Also people available to fill both sides of that equation.
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wearthefoxhat
- Posts: 3561
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Ah yes, the fondly remembered Peter Webb Masterclass. After attending it, I found it to be a gamechanger, no wonder everyone (except me) wanted to rip off the information offered after the course. The trading bible handout is still relevant with clear examples and explanations behind the strategies and how to best utilise the BA software...etcEuler wrote: ↑Sat Oct 30, 2021 2:30 amKai wrote: ↑Fri Oct 29, 2021 9:31 pmDon't remember anymore, there were many blogs. Markets change, it's more important how markets trade today, not how they traded years ago.
I do remember making a long-winded post about scalping in particular somewhere a year or two ago, but it's not something newcomers can easily copy. Many markets are just not suited to scalping alone anymore, with weak liquidity/fillrates and increased volatility, it's much harder today.
The original author mentions a course he bought which is no longer available. That was because Richard came on my course, made careful notes and then published it as his own work.
If I remember correctly, someone else wrote a book after attending one of your courses too.
As already said, certain strategies are much harder to implement when compared to 5-8 years ago. (This more so for manual trading than automation/semi-automation trading)
I think any course(s) going forward should have a section on effective automation set ups/strategies than can be built on. I believe that's where the value really is.
You threw away a great opportunity there.wearthefoxhat wrote: ↑Sat Oct 30, 2021 7:55 am...no wonder everyone (except me) wanted to rip off the information offered after the course.
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stueytrader
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- Joined: Tue Dec 15, 2015 6:47 pm
So, rather back to the original thread issue - are you all swing traders (mostly) these days then?
Apart from the very early days I've always used a variety of strategies. Scalping has always worked, just not in the way a lot of people have presented.stueytrader wrote: ↑Sat Oct 30, 2021 3:03 pmSo, rather back to the original thread issue - are you all swing traders (mostly) these days then?
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Trader Pat
- Posts: 4327
- Joined: Tue Oct 25, 2016 12:50 pm
Still have minewearthefoxhat wrote: ↑Sat Oct 30, 2021 7:55 amAh yes, the fondly remembered Peter Webb Masterclass. After attending it, I found it to be a gamechanger, no wonder everyone (except me) wanted to rip off the information offered after the course. The trading bible handout is still relevant with clear examples and explanations behind the strategies and how to best utilise the BA software...etc
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stueytrader
- Posts: 876
- Joined: Tue Dec 15, 2015 6:47 pm
Yep, and I presume to keep a look out for those steamrollers while picking up those street pennies!
