Move the Markets

Guest Post: Wednesday’s Trades

Posted on September 26th, 2007
Written by Prospectus

I took 8 trades today. Sounds like a lot, but they were all good trades, even though only 4 were wins. Not a single boneheaded play in there! I accept my performance–I didn’t bank coin like many others, but I traded well, so I won the battle with myself. I also [...]

Guest Post: Terrible Morning + Good Afternoon = Crappy Day

Posted on September 4th, 2007
Written by Prospectus

I was down big in a hurry this morning as I tried to scalp a top in NVDA 4 times. That was incredibly dumb. Two times should be enough to teach me a lesson, but four? I also had some bad luck with dummy longs in NVDA and EXM that gave me [...]

Guest Post: Is Parabolic Short Scalping Just Attempting to Call a Top?

Posted on August 31st, 2007
Written by Prospectus

On Wallstreak yesterday, there was some discussion about whether scalping short in the StreetSmack method is just attempting to call the top in a move. There are an infinite number of potential tops in a move, but only one true top. Your odds of getting it exactly right are slim. Better to [...]

Guest Post: StreetSmack Short Scalp: Companhia Vale do Rio Doce (ADR) (NYSE: RIO)

Posted on August 27th, 2007
Written by Prospectus

I spent a lot of the morning throwing money away. I got no love from CAL as I tried to short it 7 times from around 31 and it never moved. We had a big expanse to cross, and on a day with normal volatility in CAL we should have hit 30 easy, [...]

Guest Post: StreetSmack Scalp FAQ

Posted on August 23rd, 2007
Written by Prospectus

The long awaited Q&A document summarizing Wallstreak user StreetSmack’s method of scalping short is here!
BEWARE DANGER CAUTION
You can really lose money fast using this method! This way of trading is dangerous, and could even be called “Wombat Crazy”, and is therefore not recommended for anyone. Trade this way at your own risk!!
Click here [...]

Guest Post: Short Scalps, Price Spikes and Financial Aerobatics

Posted on August 12th, 2007
Written by Prospectus

In looking over my charts from the last few days, I’ve come up with some more thoughts about StreetSmack-style short scalps.
What To Avoid
In my very limited experience, I typically watch a very short timeframe on these scalps, on the order of a few minutes. I’ve noticed that if there’s a lot of volume or [...]

Guest Post: Zoomie’s Half Day Scalp 10 August

Posted on August 10th, 2007
Written by Zoomie

3 days watching Streetsmack scalp was all I could take before giving it a shot myself.
ANDE (example I saw but didn’t trade):

ATAC:

Guest Post: Churn and Burn

Posted on August 10th, 2007
Written by Prospectus

Most days I trade part-time when I get the chance from work. Today I had the day off and nothing else to do, so I traded my first full-time day as a prop trader.
It was the hardest I’ve worked in years!! I placed 39 different transactions through a web-based interface, all from a [...]

Guest Post: Holy Freaking Crap (and other euphemisms)

Posted on August 10th, 2007
Written by Prospectus

I just coded my new trading rules for short scalps into a set of paintbars, and looked at the charts for many of the names called out today on Wallstreak by StreetSmack. A gray arrow above the candle means that momentum is slowing, so get ready. A red arrow means that a new [...]

Guest Post: My Scalps From Today

Posted on August 10th, 2007
Written by Prospectus

I was only able to trade this afternoon from about 2-4 ET. I tried my hand at some more StreetSmack short scalps. I was unprepared for the position sizing and it caused me a lot of problems! You have to scale in small, with the possibility of a lot of
slippage should [...]