..Was going to call this subject : Swinging.. then thought better of it!..
Peter/BA,
Had a bit of free time yesterday and re read some of the old blogs..
Although there were many that I noted down and though "That's very relevant at the moment..I forgot about that!" there was one that caught my eye..the subject title was "Outrageous Risk 1/2/3"...
Although scalp trading is profitable and fairly easy to master..swing trading is bit more difficult but the rewards are greater if you get it right.
The analogy you used was around "Having a full set of clubs in your golf bag"..and this is an area where I would like to develop more this year to supplement my other strategies.
In the final post of the mini series you concluded by drawing comparisons of Unmanaged (luck) V Managed (it never ceases to amaze me how efficient the markets are).
Although you have touched on what the "Managed Version" comprised of...can you expand in a greater detail? Reading the forum, thus is area where many people seem to struggle with a bit, so I think it worthy of a separate topic??
regards
Peter
PS - We did a few experiments last year..that was very thought provoking...do you intend doing any more this year?? Thanks
Swing Trading..
Thanks, I'd forgotton about these posts: -
http://www.betangel.com/blog_wp/?s=outrageous+risk
I think they are still very relative today, but I can not stress enough that trading at random isn't going to make you a million is just a very useful way of getting to understand the market.
The managed element of that trading was merely looking for races that were likely to swing and swing trading them and scapling races that were clearly not going to swing etc. Trying to scalp a race with lots of movement in it is tough and trying to swing trade a race with no movement is pointless. Trying to apply one strategy to all does work most of the time, but I've found that adapting your style constantly works much, much better.
http://www.betangel.com/blog_wp/?s=outrageous+risk
I think they are still very relative today, but I can not stress enough that trading at random isn't going to make you a million is just a very useful way of getting to understand the market.
The managed element of that trading was merely looking for races that were likely to swing and swing trading them and scapling races that were clearly not going to swing etc. Trying to scalp a race with lots of movement in it is tough and trying to swing trade a race with no movement is pointless. Trying to apply one strategy to all does work most of the time, but I've found that adapting your style constantly works much, much better.