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KT1! trade ideas

Coffee8.24.22 Follow-up on coffee. I went a little bipolar on you here and vomited out about 19 minutes of video. Sorry about that. At least I got to say everything I wanted to say. You might have to listen the couple of times because I'm describing different types of trading on the same market when it is appropriate. I am very proud of my students because they're trading is noticeably improving constantly. However, my students are attracted to breakout trades that are going higher. And they do very well with it, better than I do. But when you get into a trade and here let's say $2,000 with unrealized gains, and you start looking for a stop because you want to stay in the market longer, but you don't want any laws, and you want a prophet... in other words you want everything, that's a problem. This is because you don't have much room for any kind of Correction because your current price isn't that far away from your entry. Now I know they made out like Bandits, but what I am talking about this a logistical problem. My students are scalpers and I am telling you they do very well. I imagined them looking at the trade the way I would look through the window of a pastry shop, with bulging eyes, contemplating the I would order 2 cinnamon rolls and that I would only be taking in 200 calories! If I am scalping and I am in the money, and I've gotten to a decent target, let's say it 3/1 trader...I find more often than not that I I need to hold my original. Or A break even stop. On an opening trade I want a small. At structure, with a fine tale if I want to go along. If the market goes higher, if that was my plan unless it goes a lot higher, I have to keep my original stop or make it break even. Other than the opening trade where there is automatically a small stop for me, I find trading with moving stops, even with software it's designed to change your stop, it's generally a waste of time and very disappointed, I just don't do it. If I see it in examples where I think some Traders May move their stops, I'll try to think about it and show it to you and explain why it's generally a lousy strategy. I'll say it in a certain way now and develop the thought later: in volatile markets, you need to give them breathing room, otherwise they just stopped you out with a smaller profit. One of the reasons I showed you the various ways that you might have traded the grid Is because there are patterns and behavior in the market where you can get in and out of the market at support and resistance with a reasonable range, and that is different than getting in a little late In a breakout...trying to trade it higher.
ICEUS:KCZ2022
by ScottBogatin
Coffee Lumber8.24.22 Coffee Lumber I spent a lot of time on lumber which is at the support area. I would be looking to be a buyer at support even though there may be a compelling reason why I could Trade lower. I took a quick look at coffee, and I think my students are going to stay long and trade the market higher. Since the market reversed lower to a 382 support, they may have a very good strategy. However, if I taken their long trade when they took it, I would just take the profits at the 1.272. I don't think there's anything wrong with your plan, and I know they've done well trading coffee. I don't think coffee is a breakout market yet, and their recent Entry Is profitable.. But this market could easily trade back to their entry price...And still be a good long-term position that will make new highs. So if their Stop is that their entry price... they might want to reconsider long-term strategy. They made significant profitable short-term trade decisions... but they got in late when you consider where the price was when it sounds support near the 382 retracement.
ICEUS:KCZ2022
by ScottBogatin
1
KC1!7.22.22 Coffee I have to be honest, I almost decided to not post this video because I think the Market's probably going to go a little bit lower from where it is on the chart, but I told you I might take profits because I didn't want a drawdown if I'd been in the market. The problem with my decision making was that I didn't want to give money back. If you always think like this you will never make big money in the market because too much of that thinking keeps you from making good trades that require a little bit more time. It could be an okay strategy on one hand, however if the market might need a little more time and you recognize that, it can make a very big difference on how profitable you are as a Trader. What I should have thought was that I was in the money on this hypothetical trade play over $2,000, and I should have given it more time to give me the measured move area which you will see on the chart, and it might even go lower than that. There's a big difference between look at it with the market did after the fact, and actually making real-time trading decisions. There are many traders who know this, it is not a secret. On your pathway to learning, you will hear people telling you that you should plan your trade and trade your plan. That may be true, but I know for a fact that I make discretionary decisions and that takes time, and a certain amount of screen time. Ironically if you look at the screen too often you can really get into a lot of trouble Trading. It takes practice Introspection to know what's best for you. The major point that I made at the end of the video is that it is not that easy to find the best trading tools for you. Those people don't know what they don't know. Most people take a leap of faith this ain't no what is needed, or where they should go for training. Try to find the trading tools you will use, and then you have to practice with those tools. It takes time.
ICEUS:KC1!
by ScottBogatin
Coffee7. 19. 22 coffee: This is a follow-up. The move off the bottom was about $4,000, I actually work it out after the video. The rest of the video is about the problems with this market as I perceive it. Obviously, the market may make new highs, but I'm concerned that it's running in the sellers it said it might not be easy for this market to make new highs right now. I don't really care I take a trade-in coffee or not, or if other people are even interested in coffee. It is more about judging probability and risk, and in this case, profit potential. This market doesn't make it easy to speculate a large profit and this is because the market is right up against sellers as I perceive it. It's more about the process of thinking using the chart as opposed to blind speculation with unclear feelings. On this market there is roughly a $4,000 profit depending on your entry, and now it's up against potential sellers. I could understand holding a long position thinking that the market will make a new high...I explained why I'm not so comfortable with that conclusion.
ICEUS:KC1!
by ScottBogatin