Monday, July 13, 2009


And every single one of those high probability setups can fail just like that. Market fizzled with the shizzle. They all look to go the reverse direction now.

FAZ etc. they are all the same
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4 comments:

Anonymous said...

I stumbled onto your blog. Seems we are kindred spirits. I have only been trading 1 month (July).

Have come to the comclusion that I want to become a momentum specialist. It just is who I am.

Anyway to talk personally? IM, email?

Stephen

10:02 p.m.
Scott said...

Better to just post questions or whatever in the comment sections. I'll usually answer them.

11:15 p.m.
Anonymous said...

What is step 1 to becoming a momentum trader? (the way you do it)

8:39 a.m.
Scott said...

Stephen,

- Don’t be under any illusions that this is a fast way to make easy money.
- It will take years of practice and 1000s of hours of screen time.
- Learn about candlestick chart patterns. Check out the Steve Nilson site
- Get a copy of the Mark Douglas book, Trading in the Zone
- Know yourself and develop a trading plan you can live with.
- It will take years of practice and 1000s of hours of screen time.
- Read every article I have posted and see what can be applied to suit you

Study, practice, live it, breathe it and survive in the mean time.
See you in a few years….

10:47 a.m.

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