Trading is an Art

Hype, Hope, and Help

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From Hobby to Trader

The Art of Listening

We Journal For Our Own Benefit

There is a fine line between Hype, Hope, and Help.

Competing against the Twitter entertainment crowd is a difficult challenge, and after ten years of regular posting, I am stepping back as per my plan. I will continue to offer occaisional insights, but with much less rigidity.

One day we wake up and realize we are seeing our lives pass before us, and social media has become too addictive and too much a part of our lifestyle.

It’s time to relax and let go.

The Hype, The Hope, and the Help we offer that really most people dont want or will never be able to act upon anyways.

I post some ideas in a trade room supporting traders who have nvested in our system or parts of it like the E-widget.

Charts are very important to me as visual representations of trading ranges and high odds turning points in many different time frames.

Catching pieces of these moves is what trading is all about.

Video review

Pre-FOMC Thoughts

Day Traders try to understand intra-day swings and capitalize on short term imbalances as they repeatedly occur every day. There are many more smaller rotations that exist within the larger rotations. Many individual traders are best suited for this type of trading, as it allows us to choose when we want to play and avoid overnight risk.

Relevant For

  • Day Traders
  • Swing Traders
  • Investors

Recently Shared Posts

Market Insights

Trading Styles

Swing Trading is a short-term trading method that can be used when trading stocks, options and futures. Day Traders will go home “flat”, as trades last less than one day. Swing Trader’s positions usually last from two to six days, but could even last as long as a few weeks

@eminiwizard

Feb 3

Remember @millerdon made over 1 m in a year averaging 1 tic per contract if my memory is correct. That debunks ideas about levels , letting profits run , and execution. Gang tackle and lock profits. That requires capital, guts and discipline to let go of a 90k loser

Pop used to say anyone can drive a car fast on snow and ice; it’s steering it and stopping that is the problem. I think trade management is similar, including discipline, risk reward, position sizing, and scaling out when profitable. Not sexy but the reality of longevity

Trading and investing is a business. Execution is important, but so is having a method that allows for locating repeatable opportunities. Humility is next to the unsung hero, capital. Any competent trader knows where the levels are, discipline separates the men from the Boyz

Feb 1

3:24 E 95/96 still holding #EMWS

12:17 PM E Predictive model says 92.5/90.5 important ahead of 88.5 and anyone short 20 beans off high wants to be paid I would think http://ow.ly/oOa730ny0S3

12:17 PM

E [11:27 AM] pay attention to yesterday 13 high key for rest of day #EMWS the simplest of ideas are often overlooked by those with complicated systems

I LOVE charts http://ow.ly/o0jH30nxXo4 this sanitized version was presented to some #EMWS traders this morning and then shown another chart with simple structure to show how we can understand possible next targets. order flow is a byproduct of bot/algo targets being achieved

12:43 PM Yesterday E: next resistance target is 2710.5 and next outlier is 2615.75
just being prepared, not making predictions #EMWS need to know what OTF is thinking

E [7:14 AM] 95 support 8:32 E so 04/06 paid for sure 456 trade 6.75 gap
i think the late gap forget for now 12 zone focus on the 07 bingo goal is to get our vig then move on trailers for 10 #EMWS

Jan 31

We liked 92 support on the pullback http://ow.ly/X22c30nx60U #EMWS

7:09 AM E matd says try one more buy today 7:12 E 2710 as resistance target, 72/75 support zone 12:03 E t4 today is 2707.5 http://ow.ly/xvNl30nwUry #EMWS
http://ow.ly/P82z30nwULo

Read the T leaves and forget talking heads http://ow.ly/JLLr30nwHnx #EMWS reminder this back pedal is testing the Prior 77.75 high http://ow.ly/HdDC30nwHw3

Jan 30

12:14 E Dont Fight FED UP Day that’s my rule going into the news, then careful after. sometimes still goes up for other targets. remember soc then evaluate profit taking zones.. program buying from the ib low, 56 aggressive support #EMWS common sense

2:06 E 2675.25 lyo tagged too early to short with high odds but price hit target
2:10 E 56.25 support wants to knock out 77.75 #EMWS 2:18 E paid ahead of 230 comments 2:14 E 82 target

11:53 E cuz 65/ 66 Not Ruled Out during lunch http://ow.ly/hZvC30nvYG1 #EMWS needed to factor in 63.5 gap + Plan B comes first : get your vig. Plan A comes second, try for more on trailers or re entry trades

9:00 E this is longs turn to bounce into afternoon fomc i like bias higher 9:26 E should be up squeeze shorty this morning 9:37 E first completion targets 57.25 and 59.25 #EMWS risk and reward often delays gratification have a plan and work it

Jan 29 E 8:17 E bulls scream the loudest at the highs and bears at the lows but day traders just use common sense and try to exploit the temporary imbalances

9:54 E using 52 aggressive resistance for scalp pay attention to support for now 38 #EMWS

Jan 28 E [11:04 AM] 22 next, then 17 support #EMWS just keep it simple

Trading and Investing

A Simple Truth

“Pop used to say anyone can drive a car fast on snow and ice; it’s steering it and stopping that is the problem. I think trade management is similar, including discipline, risk reward, position sizing, and scaling out when profitable. Not sexy but the reality of longevity”

6:42 AM – 3 Feb 2019 by Eminiwizard

Simple But Not Easy

Futures Trading

Trading and investing is a business. Execution is important, but so is having a method that allows for locating repeatable opportunities. Humility is next to the unsung hero, capital.

Any competent trader knows where the levels are, discipline separates the men from the Boyz

6:34 AM – 3 Feb 2019

Eminiwizard

Talk Less, Listen More

Idea for 2019 Listen (to the market) more, talk less. Observe patterns. Take reasonable risk if there is an edge. Don’t argue with Mr Market or people on twitter. Accept that we will miss lots of opportunities and leave chips on the table. Try to catch pieces of the swings #EMWS

Twitter Entertainment

Imagine This

Traders are a strange breed. Can you imagine a plumber, electrician, carpenter, surgeon calling out their next move on twitter? “Next I want the skillsaw / pliers/ scalpel/ duct tape/ I’m in a zig zag pattern (whatever) and I just made $247.52 with only $14.37 Risk”

11:17 AM – 31 Jan 2019 by Eminiwizard

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