Month: December 2017

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Averaging Down vs. Averaging In – Margin of Error

December 26, 2017-3:49 pm traderscott 0

I never average down, but I often average in. Why? Because market bottoms are processes, so I decided long ago to approach markets based on the reality of how they actually operate. Meaning if a...

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Intraday Comments

December 26, 2017-12:47 pm traderscott 7

Took some initial profits in RIOT this morning at 29.40. BTC itself is into a resistance area. We are giving out many, many opportunities. I have discussed over and over and over that “the pot stocks...

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December 26 Premarket

December 26, 2017-9:27 am traderscott 4

We approach markets with the view of there never being a day off, markets are a wonderful business, and we love the work involved. There are several new posts here, here, here,here, here. Why do...

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What We're Trading

Who’s Afraid of Bitcoin

December 26, 2017-8:33 am traderscott 0

Friday’s trades are discussed in the video, along with a discussion of BTC, turning a loser (SGLB) into basically a scratch, and how people totally miss almost all of the great opportunities in markets because […]

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Becoming a Better Trader

Bounces, Secondary Rallies, Opportunities

December 26, 2017-8:31 am traderscott 0

Bounces off of the first BC (buying climax)/preliminary supply are extremely high probability opportunities – all time frames please understand this comment I keep making. It is about understanding it is going to happen, and...

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Markets-Economics

Is Bitcoin Back? Cryptocurrency Passes $15,000 as Rebound Begins

December 26, 2017-7:02 am Stevie 0

Bloomberg Bitcoin rallied past $15,000 on Tuesday as traders of the world’s biggest digital currency sought to draw a line under its roller coaster five-day slump. The tokens rose 10 percent to $15,116.50 as of […]

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Cause vs. Effect / Point & Figure

Point and Figure Chart Construction

December 25, 2017-1:17 am traderscott 0

Point anfd figure charts are a wonderful tool. They are another way to add to (enhance) the probability structure of what we do in markets. A word of caution, do not try to use them...

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What We're Trading

MGTI: A Beautiful Chart Abundant with Springs

December 25, 2017-1:01 am Stevie 3

The Entry Points Stevie Swai We constantly preach having a winning attitude about markets, and we’ll just let the others (who will never make consistent profits) issue their dumb predictions and hyperbolic comments. Like “Bitcoin […]

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Approach

Fight Thru a Loss, Let It Bounce

December 24, 2017-8:34 pm traderscott 0

As discussed many times, I usually don’t use physical stops. I use mental stops, and have a general idea where to get out of a loser. I don’t spend a lot of time on the...

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December 22 Premarket

December 22, 2017-9:21 am traderscott 6

Time-frame confusion is a killer in markets, but is a must to get a handle on as it’s so helpful to work thru it. And with our discussion of so many of the big tops...

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