Trading and Art
|March 17th, 2012, 03:03 AM||#11 (permalink)|
Futures Experience: Beginner
Platform: Interactive Brokers
Favorite Futures: stocks & options
Posts: 146 since Dec 2011
Thanks: 99 given, 84 received
wow, lots of people finding links between creativity and trading. nice! in different ways. Lornz, i too am drawn more to the price action way of trading. i find you can sense the power of the move literally by looking at how the 5 m bars pulse. i tried watching T&S for awhile, but cannot process all those numbers flashing by. i just look at basic moving averages, and totally basic shapes - trendline, channel, flag, wedge, etc, look for vol spikes and just try to get into that groove and feel the pulse to spot the reversal. i used to try to trade the open to get those crazy options price spikes, but it's just a holy pain you cannot get filled quickly enough. now i just wait til 7 am ish and then try to find a reversal on ones that have moved significantly premarket. you can't expect those crazy gains like in the 1st 5 min, but then again, you still stand a decent chance of making at least 10% and sometimes on up to 100%. i am feeling sorry for myself because i got rid BAC calls this week for +150% and now they are up literally 1000% i think. that's the thing with options. you have to take alot of losers, and just be patient and wait for your crazy ones which make up for it. takes alot of patience and confidence. but then that's art too...so many drawings end up in the trash bin - you just have to keep producing.
10,000 hours - that's in fact been proven, hasn't it? that malcolm gladwell book. i know i spent *alot* of time drawing before i ended up in any shows. this does give me pause...easier to put that kind of time in when you're young.
easy to spot the 2nd half of life...it's when you start to have those annoying aches and pains every morning
feedback - hard to know how to proceed with that one. having been through one trading education plan, and having had to end it rather abruptly, i am quite skeptical of trading "education". this forum seems good though. glad i found it!