cHANGE OF SCOPE..
regularly keep trading in silver.. ( best for scalping ).. i feel somehow comfortable only with silver..
Regularly wednesday 8 and thrusday 8 devoted for crude and natural gas ofcourse full throttle..
Then i need to study the 6pm movment on silver on thursday...
Then daily 1pm strategy.. Then 5 pm strategy Then 7.30 pm strategy accordinly..
Watch all historical charts till date in kitco day wise ( monday/tuesday etc.)
stocks i have a grip which to buy and which not to..
but in commodities the challenge remains.. on what to do..
on wednesday - Trade in crude..
On Thursday - Trade in Natural gas full throttle..
remaining days.. Goldmini, silvermicro, goldpetal, \\
DON'T WATCH THE GRAPH.. U WILL END UP LOSING..
JESSE LIVERMORE NEVER WATCHED THE GRAPH...
“A great many traders keep charts or records of averages. They chase them around, up and down, and there is no question that these charts or averages do point out a definite trend at times. Personally, charts have never appealed to me. I think they are altogether too confusing. Nevertheless, I am just as much of a fanatic in keeping records as other people are in maintaining charts. They may be right, and I may be wrong.”
The patterns he sought to identify were patterns in the prices. Modern traders - and indeed many traders in Livermore's time too - plotted the prices and volumes against time on a chart. Jesse Livermore, however, did not use charts. He preferred to look at the numbers themselves.
(Chapter V) … “I should say that a chart helps those who can read it or rather who can assimilate what they read. The average chart reader, however, is apt to become obsessed with the notion that the dips and peaks and primary and secondary movements are all there is to stock speculation. If he pushes his confidence to its logical limit he is bound to go broke.”
regularly keep trading in silver.. ( best for scalping ).. i feel somehow comfortable only with silver..
Regularly wednesday 8 and thrusday 8 devoted for crude and natural gas ofcourse full throttle..
Then i need to study the 6pm movment on silver on thursday...
Then daily 1pm strategy.. Then 5 pm strategy Then 7.30 pm strategy accordinly..
Watch all historical charts till date in kitco day wise ( monday/tuesday etc.)
stocks i have a grip which to buy and which not to..
but in commodities the challenge remains.. on what to do..
on wednesday - Trade in crude..
On Thursday - Trade in Natural gas full throttle..
remaining days.. Goldmini, silvermicro, goldpetal, \\
DON'T WATCH THE GRAPH.. U WILL END UP LOSING..
JESSE LIVERMORE NEVER WATCHED THE GRAPH...
“A great many traders keep charts or records of averages. They chase them around, up and down, and there is no question that these charts or averages do point out a definite trend at times. Personally, charts have never appealed to me. I think they are altogether too confusing. Nevertheless, I am just as much of a fanatic in keeping records as other people are in maintaining charts. They may be right, and I may be wrong.”
The patterns he sought to identify were patterns in the prices. Modern traders - and indeed many traders in Livermore's time too - plotted the prices and volumes against time on a chart. Jesse Livermore, however, did not use charts. He preferred to look at the numbers themselves.
(Chapter V) … “I should say that a chart helps those who can read it or rather who can assimilate what they read. The average chart reader, however, is apt to become obsessed with the notion that the dips and peaks and primary and secondary movements are all there is to stock speculation. If he pushes his confidence to its logical limit he is bound to go broke.”
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