Scott, how are you so fast at entering these trades? There have been several of these in the past couple days and you seem to be as fast as the bots. Do you just have 2 windows filtering highs and lows? Do they use volume as part of there criteria? Great trade by the way...
Sean- I'm sure you've seen my making new highs/lows ticker video, if not here it is http://www.vimeo.com/9220589 even though the markets are crashing in it you can immediately see when a new highs happening. That is the opportunity to make a trade. You have to be ready at any time to press the buy button. Momentum makes the trade work. With GPRO today , it filled the entire column so I instantly knew it was in play. Then just trust in momentum and probability. I view trading bots as the best thing ever to happen to momentum trading. They are my friend. They show me where the momentum is. I follow their lead. It's really as simple as that. They can make the price action get out of control and that is a good thing if you are poised to take advantage of the situation. Remember that human traders programed the bots so there is nothing to be scared of. I'm not going to linger around, looking at the pretty coloured candles, indecisive on what to do. I get in the trade, take profits when they are offered up to me, then play the momo as it comes.
bot GPRO as it flashed on the new highs ticker, then it got halted
3 comments:
Scott, how are you so fast at entering these trades? There have been several of these in the past couple days and you seem to be as fast as the bots. Do you just have 2 windows filtering highs and lows? Do they use volume as part of there criteria? Great trade by the way...
Sean- I'm sure you've seen my making new highs/lows ticker video, if not here it is http://www.vimeo.com/9220589 even though the markets are crashing in it you can immediately see when a new highs happening. That is the opportunity to make a trade. You have to be ready at any time to press the buy button. Momentum makes the trade work.
With GPRO today , it filled the entire column so I instantly knew it was in play. Then just trust in momentum and probability.
I view trading bots as the best thing ever to happen to momentum trading. They are my friend. They show me where the momentum is. I follow their lead. It's really as simple as that. They can make the price action get out of control and that is a good thing if you are poised to take advantage of the situation. Remember that human traders programed the bots so there is nothing to be scared of. I'm not going to linger around, looking at the pretty coloured candles, indecisive on what to do. I get in the trade, take profits when they are offered up to me, then play the momo as it comes.
holy sh*t! what a trade. tell me this, are you nervous when it gets halted?
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