Post by Admin on Aug 4, 2013 10:53:29 GMT 8
Firstleee, a disclaimer
Sama sama lorrr, must write disclamer so u all know I am oni toking acording my own vews. I oso say be4 trading/punting is individual kang hu (skill) many diffelent style. it is upz to u to digest what I have to tweet..if dontch agree, fine with moi.
If u look look c c the web using uncle googer , many diffelent meaning of the magic word "scalping". Here is one xxamper defintion. (almost all the rest gib sama sama definition, so this one will do)
"A trading strategy that attempts to make many profits on small price changes. Traders who implement this strategy will place anywhere from 10 to a couple hundred trades in a single day in the belief that small moves in stock price are easier to catch than large ones. -Investopedia"
Now Sparrow ask u to read the RED words above. Its say "make many profits on small price change". Meaning, for a small move, like mayb for a stock move in $0.005 ebery pip, u punt using bigger lots and once it move another $0.005 , u can earn. Do it for another few more pips and then u run road (This one xxamper Ronald K like to use. I sometime use oso.). Yaaaa beri easy right? nooo.. of corse u can get burn oso, 1 pip go up u earn a lot, 1 pip LS u oso lose a lot. that y scalping must hab guud risk managment oso and a guud scalping stratgy.
Oso, Pee Pur say scalping nid to do it on minute, like 1 min or 5 min, those on the lower time. Howeber Sparrow say, no nid one. Yes, no nid!.
Here's why you will most por blee die faster if u punt in the minute esp if u try try on fast moving one like Dow Jones or Fx. In minute , u are acherly going beri near real time. mean, u are seeing beri fast what buyer and seller doing after 1 min, 5min etc. Some broker can gib u into the seconds , like 1 sec. Some provide ticks, that means change in price , instead of time.
Its like walking into wet market to buy fish. Eberi where gotch diffelent fish monger. You want to buy fish that is cheapest , no matter what fish. In trading in the minute, u will be like ebery1 in the market, going ebery where to find out where fish cheapest, bargain and bargain. if here cannotch then go some other monger and see. Then suay suay u think u buy cheapest, skarly u find another fishmonger right at the corner selling eben cheaper than the one u buy. You bang balls lorrr... ? hehhhh
So Sparrow act a bit kay kiang (假历害), mayb find some way to knw all fishmonger price wif out joining the crowd. maybe ask the auntie uncle who bought fish to write down the cost and which fish monger for me while i stand outside. Then at the end of day compare and find which fish monger sell cheapest fish. Then I go there the next day. Ok laaa this anal-orgy <--(dontch think too much) mayb notch beri the guud, but Sparrow hope u can get the meaning.
In trading term, its like u are inside a trading floor trying to buy at the trading florr, all the book orders, all the calls coming, orders from BBs etc. U dontch knw. The next ting after u buy, mayb BB come in alredy u oso dontch knw.
If notch understooded the above, here's another one, from the great Sun-Tzu (孙 子) on the art of war, "Chapter 9 - Army on the March"
11 All armies prefer high ground to low.
"High Ground," says Mei Yao-ch`en, "is not only more agreement and salubrious, but more convenient from a military point of view; low ground is not only damp and unhealthy, but also disadvantageous for fighting."
That y, Sparrow alway try to punt on higher time frame ( unless i gotch advantage on lower timeframe, xxamper , a beri guud stratgy), like what I alway been doing. All the uncle auntie buy fish finish will tell me what the cost from each fishmonger right? Same to trading, at end of day more and more info abt the market condition will come to Sparrow then I can make better decision. That y Sparrow like to look at End of day chart, find the signal, and then punt and run. (or sometime folow trend)
Now, here the ting, you say , but Sparrow, scalping is "10 to a couple hundred trades in a single day" maaaa, but how do it on daily (or>4H ) lehhh? Simper lorrr, Sparrow nid just 1 guud punt on a guud signer. Means on this signer, I can punt more. It the sama as u do many small punts but u dontch get killed by "wet market noise".
If the price want to move, I can still take kopi and run!! That oso a scalp!! It does notch mean I nid to go to the minute. It oso better becor I no nid to get stressfoooll looking at my screen all the time, or no nid to incur more commision , get stop unnecesry and then watch price cheong , bang head, bang balls etc etc..
Conclude, Sparrow notch try to discoulage u frm try scalping in minute laaaa. If yor friend say this moobie guud to watch, u belive mehh? Yor hab to go watch yorselv to see maaa ...so same ting, u hab to try scalping in minute yorselv to see if u hab the aptitute or notch.. In the minute, if u want scalp, better to use feature call "Trading on the Chart". mean u can put yor cut lever , buy and sell etc all on the chart.
Guud lark
- Sparrow.
Sama sama lorrr, must write disclamer so u all know I am oni toking acording my own vews. I oso say be4 trading/punting is individual kang hu (skill) many diffelent style. it is upz to u to digest what I have to tweet..if dontch agree, fine with moi.
If u look look c c the web using uncle googer , many diffelent meaning of the magic word "scalping". Here is one xxamper defintion. (almost all the rest gib sama sama definition, so this one will do)
"A trading strategy that attempts to make many profits on small price changes. Traders who implement this strategy will place anywhere from 10 to a couple hundred trades in a single day in the belief that small moves in stock price are easier to catch than large ones. -Investopedia"
Now Sparrow ask u to read the RED words above. Its say "make many profits on small price change". Meaning, for a small move, like mayb for a stock move in $0.005 ebery pip, u punt using bigger lots and once it move another $0.005 , u can earn. Do it for another few more pips and then u run road (This one xxamper Ronald K like to use. I sometime use oso.). Yaaaa beri easy right? nooo.. of corse u can get burn oso, 1 pip go up u earn a lot, 1 pip LS u oso lose a lot. that y scalping must hab guud risk managment oso and a guud scalping stratgy.
Oso, Pee Pur say scalping nid to do it on minute, like 1 min or 5 min, those on the lower time. Howeber Sparrow say, no nid one. Yes, no nid!.
Here's why you will most por blee die faster if u punt in the minute esp if u try try on fast moving one like Dow Jones or Fx. In minute , u are acherly going beri near real time. mean, u are seeing beri fast what buyer and seller doing after 1 min, 5min etc. Some broker can gib u into the seconds , like 1 sec. Some provide ticks, that means change in price , instead of time.
Its like walking into wet market to buy fish. Eberi where gotch diffelent fish monger. You want to buy fish that is cheapest , no matter what fish. In trading in the minute, u will be like ebery1 in the market, going ebery where to find out where fish cheapest, bargain and bargain. if here cannotch then go some other monger and see. Then suay suay u think u buy cheapest, skarly u find another fishmonger right at the corner selling eben cheaper than the one u buy. You bang balls lorrr... ? hehhhh
So Sparrow act a bit kay kiang (假历害), mayb find some way to knw all fishmonger price wif out joining the crowd. maybe ask the auntie uncle who bought fish to write down the cost and which fish monger for me while i stand outside. Then at the end of day compare and find which fish monger sell cheapest fish. Then I go there the next day. Ok laaa this anal-orgy <--(dontch think too much) mayb notch beri the guud, but Sparrow hope u can get the meaning.
In trading term, its like u are inside a trading floor trying to buy at the trading florr, all the book orders, all the calls coming, orders from BBs etc. U dontch knw. The next ting after u buy, mayb BB come in alredy u oso dontch knw.
If notch understooded the above, here's another one, from the great Sun-Tzu (孙 子) on the art of war, "Chapter 9 - Army on the March"
11 All armies prefer high ground to low.
"High Ground," says Mei Yao-ch`en, "is not only more agreement and salubrious, but more convenient from a military point of view; low ground is not only damp and unhealthy, but also disadvantageous for fighting."
That y, Sparrow alway try to punt on higher time frame ( unless i gotch advantage on lower timeframe, xxamper , a beri guud stratgy), like what I alway been doing. All the uncle auntie buy fish finish will tell me what the cost from each fishmonger right? Same to trading, at end of day more and more info abt the market condition will come to Sparrow then I can make better decision. That y Sparrow like to look at End of day chart, find the signal, and then punt and run. (or sometime folow trend)
Now, here the ting, you say , but Sparrow, scalping is "10 to a couple hundred trades in a single day" maaaa, but how do it on daily (or>4H ) lehhh? Simper lorrr, Sparrow nid just 1 guud punt on a guud signer. Means on this signer, I can punt more. It the sama as u do many small punts but u dontch get killed by "wet market noise".
If the price want to move, I can still take kopi and run!! That oso a scalp!! It does notch mean I nid to go to the minute. It oso better becor I no nid to get stressfoooll looking at my screen all the time, or no nid to incur more commision , get stop unnecesry and then watch price cheong , bang head, bang balls etc etc..
Conclude, Sparrow notch try to discoulage u frm try scalping in minute laaaa. If yor friend say this moobie guud to watch, u belive mehh? Yor hab to go watch yorselv to see maaa ...so same ting, u hab to try scalping in minute yorselv to see if u hab the aptitute or notch.. In the minute, if u want scalp, better to use feature call "Trading on the Chart". mean u can put yor cut lever , buy and sell etc all on the chart.
Guud lark
- Sparrow.