Do it your way
Trading in StyleBeauty is in the Eye of the Beholder
“Discover Tools to fit any style”
What’s yor Style?
“I think we all know boldness when we see it. Nothing makes me smile more than
when I see someone being fully themselves, with their own individual style and character,
whatever that is.” —Angelina Jolie
Opinion
Markets fluctuate, and that’s how traders make money if we are “going with the flow.”
Experienced traders know that we can trade different time frames with multiple accounts.
Day traders capitalize on smaller movements intra day, and need quick reflexes and a mind that is agile and flexible.
Successful Swing Traders need a sense of market direction for a few days, especially if they are willing to carry overnight risk.
Position traders are trying to take advantage of the long arc in equities. In a Bull market we find our position riding the crest of the wave, making money while we sleep as the market continually grinds higher.
Futures traders can make significant gains by playing short in a Bearish environment, especially with the speed of a plunge.
Timing is important, and one thing I believe to be true:
We are usually better off focusing on one style that suits us, but we really need to understand Position Trading
because it is the Generals who move the market.
Eagles Fly Above the Storm
The Price of Education
Down Time for Investors
Position traders who are hoping to catch the next leg up in the market are looking for clues from the gurus they follow. In my opinion, it is better to be educating ourselves with tools and methodologies while we wait for the sun to shine again. In 2021 the No-pullback crowd mocked Bears unmercifully. For three straight quarters in 2022, the market has plunged and eclipsed the previous year’s low.
No fun if you have tried to get a toehold in most stocks.
The Value of Tape Reading
Some people spend hundreds of thousands of dollars paying for a college education these days. Yet they expect to wing it and guess on a hunch for stocks and indexes. They gobble up the nonsense peddled and regurgitated by the brokers as if they have superior knowledge of how markets move. Talking Heads want to do what the do best: Keep talking.
Timing Models and Market Structure
Inevitably, our success is tied to our risk management and ability to adapt to changing market conditions. Hurricane Ian has just left some of us in Florida with a crushing blow. Advance warning allowed some of us to seek shelter and try to protect ourselves as best we could ahead of the storm. Still, some were devastated by the “Perfect Storm” as inevitably happens in life.
Timing models and Market Structure help us determine patterns in normal markets, but when a Black Swan event occurs, recognize it and avoid trouble the best we can.
When the worst is likely over, let’s look for the green shoots and protect them.
Seek Excellence, Not Perfection
I continue to teach and evolve the Emini wizard System to a small group of traders who day by day see the power of our trade logic unfold as day, swing, and position trading ideas come to life. I have added several new spreadsheets and adapted them to the E-widget to further enhance our ability to be more precise with timing and targets.
Excellence
“Strive for excellence, not perfection, because we don’t live in a perfect world.”
―
Reach out to me with inquiries.
Email: e@eminiwizard.com
Website: Marketwizardz.com