A friend tried to explain futures to me while my head was spinning, and I was completely baffled, yet Tom's RUclips video presentation was much more insightful. I'm finally grasping this concept, and will be delving into this as I transition to hedging my stock positions in a volatile Coronavirus era market as well as looking for wealth creation with strategic diversification. Yes, I had the "aha" moment too! Wow, wow, wow! Thank you, Tom!
I would add that for intraday trading most important trend is 15 minute, 1h and 4h-- and daily trend candle has to be same color at least 2 days in the same direction. For intraday trading weekly & monthly trends do not matter much & can be ignored. For simplicity sake if 15 minute ,1h & 4h trends are in the same direction, you have a trade set up in the same direction (one could fine tune entry 0n 5 minute charts). In general daily candle has to be in the same direction for any trade--Sir, what do you have to say?
Context around expected move of scalping ranges Half a standard deviation or 1 in half, implied vol and the daily move Trading ranges and expected moves Market Awareness challenge Black and White approch that should not be bogged down with complexity because there is no statistical edge implied No age and price duration or fees We're truth will building comes is gaining opportunity or gaming opportunity What are the cost,
"Shill" lmao. He owns it duh. That doesn't discredit a single thing he's said. Tasty has bunch of backtests and useful tools. Toms been trading for like 35 years
@@erikkkkkkk914- Scalping is extremely time and cost intensive. There are scalping strategies of course, but its duration, price and costs are not strategic, if your goal is to create wealth. He doesn't define wealth, but I imagine it would include having time to do other things than staring at a Level II or Time & Sales box for six hours a day. That's where he's coming from...
A friend tried to explain futures to me while my head was spinning, and I was completely baffled, yet Tom's RUclips video presentation was much more insightful. I'm finally grasping this concept, and will be delving into this as I transition to hedging my stock positions in a volatile Coronavirus era market as well as looking for wealth creation with strategic diversification. Yes, I had the "aha" moment too! Wow, wow, wow! Thank you, Tom!
He's the best in the world, man... Plain & simple.
Tom is the man!
Where to download the slides?
I look at my accounts first thing in the morning too lol
The futures and options terminology is hard enough to grasp but trying to predict the future is why most people lose money.
I would add that for intraday trading most important trend is 15 minute, 1h and 4h-- and daily trend candle has to be same color at least 2 days in the same direction. For intraday trading weekly & monthly trends do not matter much & can be ignored. For simplicity sake if 15 minute ,1h & 4h trends are in the same direction, you have a trade set up in the same direction (one could fine tune entry 0n 5 minute charts). In general daily candle has to be in the same direction for any trade--Sir, what do you have to say?
1
Context around expected move of scalping ranges
Half a standard deviation or 1 in half, implied vol and the daily move
Trading ranges and expected moves
Market Awareness challenge
Black and White approch that should not be bogged down with complexity because there is no statistical edge implied
No age and price duration or fees
We're truth will building comes is gaining opportunity or gaming opportunity
What are the cost,
17:56 Charlie Munger & Ray Dalio just left. Sad.
haha LOL
Shill for Tastyworks
I disregarded him as soon as he said Tastyworks. Then he said scalping is not a strategy.
"Shill" lmao. He owns it duh. That doesn't discredit a single thing he's said. Tasty has bunch of backtests and useful tools. Toms been trading for like 35 years
@@paradiselosing No he dunt, he sold it for a billion.
@@erikkkkkkk914- Scalping is extremely time and cost intensive. There are scalping strategies of course, but its duration, price and costs are not strategic, if your goal is to create wealth. He doesn't define wealth, but I imagine it would include having time to do other things than staring at a Level II or Time & Sales box for six hours a day. That's where he's coming from...