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DWAC

DWAC11.18.22 DWAC I did not intend to give a sermon tonight. About that, I'm thinking it's a hormone imbalance, and will probably improve if I take some chocolate covered raisins. I think this Market is a great opportunity to learn that markets are not exactly as random as you think they are. In fact, you may Learn that there are market behaviors design to help you make the wrong decision. If you begin to accept that possibility, then you can adjust your decisions to avoid losing opportunity.
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by ScottBogatin
DWAC11. 9. 22 DWAC Assuming that this is a spike, how would I handle this market? I didn't really plan to talk about this market, put some markets can be very confusing, and they might make an Abrupt move in one direction or the other, and then you're wondering what you should do. There is this sudden, significant move in one direction>>> do you go long, or do you go short? What should your stop be, and what should your target be? I thought I would take a stab at this. I need one more bar it doesn't exist yet. Let's see what happens. When I started this video, I essentially started the analysis. For example, I had no idea that there was a reciprocal pattern to the left. However, I always look to the left. When I started the video, I knew I would be focused on the next bar which has not yet occurred. However, I forgot to put in A Fibonacci retracement.... which is near the 382. If I were framing this and not talking about it, it would take about 3 to 5 minutes burlesque. It doesn't take the amount of time I have a 19 minute video. So the trade decisions happened fairly quickly, and in this case, I would like to be looking at the market at the open. If I don't do the preview.... I'm not prepared for the open, and I won't know that there's a possible trade. The beautiful thing is no, I don't have to take a trade if I'm not comfortable for it. I will try to give a follow-up, but I'm not at signal service.
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by ScottBogatin
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DWAC10.24.21 DWAC I have a friend who bought a lot of shares of the stock around $12. I thought I would use this stock to help frame the market and help my friend maximize his return on this speculation. Obviously, if he were going to buy and hold, we would just sit and watch. But my friend wanted me to watch this marketer he would've told me about it and were going to try to help him manage this trade. The reality of this is it my friend has a tremendous amount of unrealized profit, but in two days the market corrected 50% off the high, and he still has hundreds of thousands of dollars of profit at this price. I showed you how you could trade a spike and how this worked out at the end of two trading days. That is one technique to handle this market. Was there a way to have taken profits when the market was at hundred and $80 which was also part of a mathematical pattern? Obviously, if he recognized that pattern and was still in the market, it would've been better for him to take all his prophets in $180. No matter what we do we are damned if we do and damned if we don't... And that's part of trading. So my friends in the market and he's in the money and let's see if we can help him manage his position, and let's assume that he's willing to trade the dynamics of the market and maybe scale in and out in ways that can lock in some money, and at the same time take some money off the table when it's appropriate. It's a lot of fun watching people risk their own money, and it's more work when we are risking our own money.
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by ScottBogatin
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DWAC10.23 DWAC A friend of mine entered this market a couple days ago and is ahead over $300,000. My friend is a very lucky guy, and while I would never enter a trade when he did,, I would like him to maximize his target and make even more money. I did not state this in the video but I would not be surprise to see the market trade a little bit lower to close the gap. The very nature of this market is that it will probably maintain a good degree of volatility, and in a couple of trading days will be able to find a tradable range using the techniques that we use. The reason I chose to talk about this is that I believe there is information about this market that has some significant for some traders, and for other traders will see nothing to bullish price bars. There is a saying that you should trade what you see, but if you can't see the message you can't trade it. This market produced a spike, and for those who recognize a spike, it is likely to be trading differently than for those who do not see what this is. So I will give you my interpretation of the market based on my understanding of spikes, and I will include other points of view based on the way I generally look at a market. I never would have trading this market, but since it has expanded the way I look at expansion, the market is likely to set up to some identifiable range, and from that point will provide trading opportunity with manageable risks. So I will follow through in the next day or so as the market gives us more information and helps us make decisions about the market based on market information. I made some minor mistakes, for example the sellers would have lost more than 70 points not 30 points, and there were some other unclear comments when I listened to the video, but I'll make these clarifications on subsequent videos since this video is good enough for now. My belief is that the market is trading to mathematics and that the market is not random. My belief is that mathematicians may be programming software, but the market trades to the behavior of buyers and sellers, and smart money, and fast money. I believe that we know enough about the market that we can change the odds to favor our trades despite the fact that there will be some losing trades.
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by ScottBogatin
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