Scalping in Day Trading

For a long time, I’ve been a fan of the scalping trading style. It’s one of the most reasonable ones in my book, because it’s based on the simple premise of getting in and getting out as quick as possible, with little thought to what the market will be doing in a few days from now. There are actually two different sides to scalping, or in my mind two different basic definitions of scalping, with only one being the one I want to focus on with this post (I’ll tell you which one that is as we go along). Again, the basic principle that I think of that makes scalping work is that you don’t have to be right for a very long time…you can be right for only just a couple of minutes and make money scalping. But man, if you try to put on a trade for the long haul, as in weeks or months, you’re really going to run into a case where you’re going to have to be right for a much more sustained amount of time. I’m telling you, it’s much easier for me to predict what the market may do within the next 15 minutes as it is for me to predict what it will do in the next 15 days. With a smaller time frame perspective, the trade just seems a little more manageable to me. Of course, if all of us could predict the future, we would have bought Gold back in 2007 when it was only at about $500.00 an ounce. And even back then, that was considered a breakthrough price. But human nature being what it is, and the nature of the markets being what they are, nobody really could have known how far Gold was going to go up—as of this writing, it’s over $1,000.00 an ounce. Unreal. That’s a whole other story…I was trading Gold options in 2007, and believe me, there are times now where I look back and think about totally revising my trading philosophy based on what has happened. But alas, it’s much better to formulate and stick with a plan than it is to keep bouncing back and forth and “chasing a moving bus”, trying to get in on a market move that has already taken off. There are ways to do it, if you are a somewhat skilled trader, but please don’t try to chase a market if you’re a novice trader. You will experience what’s known as being “whipsawed”, which is just as bad as it sounds. You’ll get tossed around the markets like a balloon at a 3-year-old’s birthday party. Again, it’s better to use a disciplined trading approach, based on recognizable chart patterns, than to try that crap.

But on to the business of scalping. And man, let me tell you, it is a business. The first definition of scalping—the one that I’m NOT going to use for this post—is that of taking advantage of disparities between the bid and ask prices on a stock, or futures contract, or forex currency pair. This is a very common practice in the trading world, performed by traders and market makers the world over. Basically, the bid price is the give-it-to-me-right-now price that people are willing to buy the stock for (I’m using stocks just for the ease of the example, but it applies to futures and forex as well). The ask price is the give-it-to-me-right-now price that people are willing to sell their stock for. When there are discrepancies between these two prices (which most of the time there are), you have what’s known as a spread. The spread is where market makers make their money, and where they’re able to “scalp” profits from trades. The whole business of scalping wouldn’t do nearly as well as it could if it were not for people willing to use market orders to enter a position—this is the “give-it-to-me-right-now” price that I was referring to earlier. The type of scalping I’m talking about is of a slightly different order, but based upon the same basic thing. Basically, my version or definition of scalping (and I may be the only one who understands or accepts my definition) is when you buy (for example in the case of futures contracts) several futures contracts, wait for the price to rise the slightest little bit to where it’s showing a small amount of profitability on a per-contract basis, and then immediately sell as soon as the per-contract position becomes profitable. This may seem like a herky-jerky way to do things, but believe me, there’s a method to the madness. Let’s use Wheat for an example with this—as you can tell, I love trading the Grains. Wheat has a tick value of $50.00, meaning if Wheat goes from 300.00 to 301.00, the per-contract value has increased by fifty bucks. Now think about it: The average online commodity broker will charge roughly $25.00 round turn for commissions and fees, and less if you trade a whole lot of contracts on a monthly basis. Many brokers provide a commission scale that’s based on the amount of trading activity you crank out on a monthly basis. If you’re considered to be an “active trader” by your brokerage (and most day traders are), that usually means you trade hundreds of contracts/shares/currency pairs per month, and when this happens, you are usually qualified to receive lower commissions, sort of like a volume discount. Now back to my Wheat example…let’s say you buy 10 contracts of Wheat at 300.00, and in just a few minutes the price fluctuates a little, but ends up popping over 302.00. You place an order to exit your position with an absolute limit exit price of 301.00. You end up exiting at 301.00, with a gross profit of $50.00 per contract. Think about it: You just made $50.00 per contract, and since you have 10 contracts, it only took one small uptick to make $500.00. Now take away an average of $25.00 commissions and fees per contract, and you’re left with $250.00 profit (give or take; again, this could greatly vary based on whether or not your broker offers discounted commissions). Not bad for a few minutes worth of work. Even if you only did this every day, you’re looking at about $7,000 a month. For some people, that’s a great supplemental income; for many, it would even replace their current full-time income. This, my friends is the scalping trading method. Okay, I have written way more than I planned on writing, and I’m ready to drink some chocolate milk, so I’m signing off. Later.

Day Trading Strategy

Okay, I’m about to get Sun-Tzu on everyone and talk about day trading strategy. There are several approaches you can take to actually execute your trades, and believe me, I’m the kind of day trader that believes that it’s better when you keep it simple. There are people who are so wrapped up in chart reading and technical analysis that they have 537 different indicators they’re monitoring (Williams %R, Relative Strength Index, Gann lines, etc.), and they have so many different multi-colored squiggly lines and graph-looking stuff overlaying their price charts that it ends up looking like a Kandinsky painting. I can’t even function properly with all that stuff going on. Just give me a basic chart pattern, such as a symmetrical triangle or flat-top triangle, and that’s pretty much all I’ll need to know how to react to a market move. A lot of times it’s just a matter of feeling out the general sentiment of the market by studying it every day before even dropping one dollar on a trade. What do I mean by this? Well, take the futures market for example...I have noticed that Corn always has a certain level of trading volume in the morning hours that sort of slopes off towards lunchtime, and then increases again near the end of the trading day. If you could see the volume on a chart, it would look like a horseshoe, because it’s high on both ends, but dips in the middle. A day trader would take advantage of this situation by finding out the general market bias as soon as the opening bell rings, and then basically “riding the wave” until the tide changes. One thing to note is that if the market comes out the gate swinging, the sheer momentum of the collective traders’ bias will normally keep the market moving in that direction. What do I mean in specifics? Okay, let’s say that you see Corn opening up strong, possibly three or more cents higher than the day before. What do you do? Well, while there may be slight corrections during the day, the mere “shock” of Corn opening that high in comparison to where it closed the day before will spur some upside trading activity. I had a situation like this a few years ago where Corn opened up with a bang—some 3 cents above the previous day’s close—and I immediately placed a buy order to get in as fast as I could. I knew that the sheer momentum would allow me to take some quick profits. And, I was right…within one hour, Corn had traded 5 more cents above the early morning opening price, and I had made a quick $250.00 (well, a little less after commissions and fees) within about a two hour span. Folks, this type of stuff happens all the time. I am a big fan of just getting in and getting right back out as soon as I’ve locked in some decent profits. I figure that I can be far more accurate with my predictions if I’m only looking about 2 hours into the future versus trying to look one month into the future (or futures—okay, bad pun). If you think about it, you don’t really even have to have a strong price move if you use leverage to your advantage. You can simply buy more contracts up front, and then you have leveraged your position to the point where even the slightest little “blip” in a trading day can make you large amounts of money. This is a slightly different day trading strategy known as scalping…I’m going to go into this in a little more detail in my next post. Hope you’ve enjoyed this little bit of insight into the mind of a day trader…again, I may not be the most sophisticated one, and I’m definitely not the most wealthy one out there, but I’ve made some darn decent coin in my day. Until next time…keep the faith, whatever that means.

Day Trading Strategies

Okay, so now it’s time to dive into the “meat” of some common but yet effective day trading strategies. As you well know, the price chart is the king of all tools to help you discover which stocks are profitable for day trading, and which ones to stay away from. Now, I know that right now one of the main questions in your head is probably “Well, among the thousands of stocks that are available to day trade, where do I even start?” I would recommend picking stocks that have lots of daily trading volume. By “lots” I mean stocks that trade in the tens of millions of shares every day. This way, liquidity concerns are alleviated right off the bat. By “liquidity”, I mean how likely it will be that you can enter and exit the market with reasonable ease. This is a must for the day trader, due to the very nature of the day trading methodology. If you can’t enter and exit a market in seconds, it’s going to be very difficult to maintain the control over your position necessary to generate profits. You must, must, MUST have high liquidity when day trading; that’s the very nature of the game, so to speak. One of the things that high liquidity will do for you is give you a much better chance of avoiding slippage, which is basically when your entry (or exit) order gets filled at an undesirable price…this usually means that you get filled at a couple of points or “ticks” higher than you’d like on your buy orders, and you get filled at a couple of points lower that you’d like on your sell orders. Slippage sucks…I have witnessed it first-hand, and it’s a major factor especially when you use market orders, which I normally advise against. Market orders are basically orders that are supposed to be filled at the prevailing market price, or at the current price that the market is trading at. But, of course, you’re living in a fool’s paradise if you think that’s what actually happens. There are many stories of floor traders taking advantage of market orders by front-running and doing other types of “trickery” to make quick profits off price disparities in the orders they’re filling. So even with day trading, unless you are wildly confident, I would still recommend using limit orders, because you don’t want to find out what price you’ve entered the market only after you are in the position; you may find that it’s several points above (or below, depending on whether you’re long or short) your intended entry price. Bottom line to what I’m saying? USE LIMIT ORDERS. Limit orders basically guarantee that you’ll enter the market at your own predetermined price, and not be at the mercy of the floor brokers. This could mean, however, that you may not get filled at all; this is part of the price you’ll have to pay in order to maintain more control over your trading position. With the type of day trading I do, this setup works perfectly, and limit orders have never really been a problem, even in relatively fast-moving markets. I’m not the “millisecond” day trader; I’m more of a relatively slow day trader, meaning I can enter a position in the morning and not sell until the afternoon. I’ve done this many times, and made money trading this way many times. It works for me, but I don’t expect it to be THE way for any other person. We all have to experiment, identify our own trading temperament, and then develop our day trading strategies around our trading personality. This is the best way to keep yourself on the winning side of the markets, because now your trading style is consistent with your overall personality and risk tolerance. There really is no other way to go. Okay, gonna stop for now, but I’ll be picking up again in a few…er…well, we’ll see. LOL!!!

Day Trading Investing

Man, I’m fired up. I just watched some PBS special on the stock market crash of 1929, and how many of Wall Street’s most elite traders were able to profit to levels of insanity during that time. One in particular was Jesse Livermore, who is famous in trading circles because he was a chart reader and “technical analyzer” so to speak. He may have unwittingly been the father of day trading investing, because he made over $100 million virtually in one day during the 1929 crash. Again, for those people who truly understand how the market works, if a market crashes, it’s not necessarily a bad thing. If you’re ever short (i.e., entered the market on the short side) during a market crash, you’re laughing all the way to the bank. If you had shorted the Dow Jones Industrial Average index (ticker: DJIA) from November of 2007 to March of 2009, you would have seen it lose literally half its value, and hardly would have even had a losing day, because it just kept trending lower and lower during that period. Yes, this type of gradual (yet huge) downtrend does not qualify necessarily as a “crash”, because of the prolonged time frame, yet the principle is still there…a market going down can be a beautiful thing, in the eyes of the right “beholder”. But on to the topic of day trading investing. As I said in my last post, I’ve pretty much given up on trying to bring this information across in any kind of really organized fashion; you’re just going to have to depend on the old mantra—“More is caught than taught.” After watching that special, it lit a fire under my tail all over again as far as how limitless the stock market really is. And not even the stock market alone, but also the commodity markets and forex markets as well. You really have the right to “set your own salary”, so to speak. There’s nobody telling you how many shares you can trade or how much money you’re allowed to make (unless, of course, the government keeps buying up all of the financial institutions and so forth). There really is no upper limit…if that doesn’t inspire you, you may be in the wrong business. But as it pertains to day trading, although the sky is literally the limit, you won’t get past the rooftop without a well-thought-out trading strategy. This is why understanding chart patterns is such a vital thing. Chart patterns are what’s going to give you your “cues” as to when to enter & exit a market. Some people believe that chart reading is borderlining on some silly practice like astrology or something similar, but the truth is that nothing else can really be more indicative of a stock’s actual value than its price chart. The reason for this is that the numbers simply cannot lie. Fundamental news reports can lie. Company accountants can lie about the company’s earnings and revenues by redefining what an “asset” and what a “liability” are. But the one thing that always displays the cold, hard truth is the price chart. The price chart is what it is. All the flurry of the news and reports and fundamental data is great, but if you really want to know whether a stock, commodity, or currency is on the bargain counter, you have to go to the price chart to find that data. The price chart provides the only means by which you can see historical price data, to find out if the stock/commodity/currency pair is in its low or high range, in comparison to the lows and highs of the past. One of the best charting sites out there is BigCharts.com, a favorite staple of mine. BigCharts is mainly for stocks, but practically every online brokerage worth its salt will give you access to price charts with an active trading account. By the way, if you have an account with an online brokerage and they’re charging you extra just to look at the price charts, you need to change brokers fast. There are plenty out there to choose from to keep you from having to be stuck with some cheapo brokerage that doesn’t provide good, quality tools to its traders free of charge. This is a “hot-button” issue with me, as you can tell. I just believe that if you’re giving them tons of your money (in the form of commissions and fees) by being a frequent day trader, they ought to at least give you a reasonable deal on the essential trading tools you need to keep trading. Another great online broker that I have an account with is OptionsXpress. They are consistently rated as one of the top online options brokerages out there. I know that this blog doesn’t necessarily focus on day trading options in particular, but OptionsXpress also provides access to trading futures and regular stocks. Sorry for getting off on these tangents, but I felt it was important to mention the places that you can go to get good, quality price charts without a lot of hoops to jump through. But in the world of day trading investing, in my mind at least, the price chart is king, and any type of conclusions I’m going to draw about which market I’m going to be in are going to come from my study of the price charts. I don’t necessarily pick a market or a particular security or currency and then find out what I want to do from there; I look for which one has the most promising price chart and then begin planning my trading from that point. A true chartist understands that it really doesn’t matter which particular stock or whatever you choose to trade; all that really matters is what those little bars are telling you on the price chart. More on this later…I’m out for right now.

Day Trading Strategies for Beginners (Part 2)

Okay, based on the previous post, I promised that I would get into some more specific day trading strategies for beginners, so I plan on making good on that promise with this post. I’m learning more & more that I have to do my best to prevent “diarrhea of the mouth” with these posts, and just stick to the topic at hand. To be honest, that’s probably never really going to happen, because my brain just doesn’t work that way, but I can dream, can’t I? So, in my (somewhat feeble) attempt to stick to the subject, I’m going to go ahead and dive into some specifics where day trading strategies are concerned. I trade and have traded all different types of markets, including stocks, futures, options, and forex, and the one common denominator in all of my trading is that I rely heavily upon price charts. I honestly feel that there’s no other way to go but to use price charts to determine what my trading strategy is going to be. In my humble opinion, if you’re entering into a market, but haven’t taken a look at the price chart, but are only going off of fundamental data and statistics, in my mind you’re flying blind. Most of the time, by the time you actually read the reports or the headlines, whatever “big events” are supposed to shake the makrets have already been factored into the price. This is just a fact of life…most traderst that trade on fundamental data are very much late to the party. Price charts, however, give you the distinct advantage of noticing recurring patterns and trends that many times repeat themselves. It’s a lot like what a meteorologist does; they look at historical data and make a determination of how things are going to be tomorrow based on their historical data, but also mixed with a little bit of how the current conditions are. They don’t’ claim to know the future, and many times are dead wrong (as you will be too sometimes when you trade), but they’ve done a pretty decent job of being able to predict the weather on a fairly reliable basis. There are certain things to look for on a price chart that will help give you “clues” as to what may (and I stress the word “MAY”) be happening next. These “clues” on the price charts are revealed by way of chart patterns. The art of identifying chart patterns is a huge part of the school known as “technical analysis”. If you boil it down to its most essential steps, technical analysis is simply the study of price charts.

There are a lot of different tools and techniques that people use to perform their technical alnalysis, but at the end of the day, just looking at the overall direction of the trend is pretty much all you really need to know. I’m a huge fan of the book “Trend Following” by Michael Covel, and I’m a huge fan of the trading school known as the Turtle Traders. If you ever get a chance to check out those websites, do yourself a favor and do so, because it will revolutionize your perspective on trading. Solid trading is not built on never being wrong; solid trading is built on managing the losses when you are wrong, and absolutely milking your winners for everything you can when you’re right. It may seem funny that I’m a fan of those two books and that general school of methodology, because it normally applies to long-term trading rather than short-term, but I love the discipline that’s involved in their methods. At the end of the day, yes, a day trader’s transaction costs can far outweigh those of a less frequent trader, but using a disciplined approach based on money management and handling losses properly, the day trader can kick tail over a long-term trader any day of the week—just ask Marty Schwarz. He was clocking about $70,000 a day on average using “scalping” methods, which is basically entering and exiting a market at light speed, within seconds of each other, and doing it with multiple contracts to leverage small “blips” that happen during a typical trading day. Okay, before my hand starts cramping, I’m going to sign off on this post, but I have to take a second to look back and see if I stuck true to my word…okay, well, I did introduce the core foundation of all of my personal trading strategies, and that is studying price charts (i.e., technical analysis). I’ll have to go into detail about what happens during the actual trading process in future posts; I’m definitely not going to make any more promises about giving this beautifully packaged set of day trading strategies for beginners until I know that I’ve covered the basics to a decent degree. This is not to say that I won’t skip around and do some things in a non-sequential order…hey, I’m writing how I’m writing, and I hope it’s been useful.

Day Trading Strategies for Beginners

Any discussion about day trading strategies for beginners would be incomplete without mentioning the different types of trades that can be done on an intraday basis. Although I will definitely cover some of the major ones with this post, I know that I can’t ever consider my writings to be “comprehensive” about this topic, because there are tons of different ways to squeeze profits out of the markets on a fairly consistent basis. The problem for most traders is really not an issue of lack of technique, or lack of available trading methodologies, but rather a lack of personal discipline in the implementation of those techniques and methodologies. This unruly beast known as lack of self-discipline has been the ruin of many a trader. In the world of trading (and in day trading especially), the truth of the matter is that the internal aspects of trading really play a significant part in how your trading account balance looks. We would like to believe that maybe it’s just our moving average indicators, or our review of the commitment of traders report or something like that, but at the end of the day, most traders sabotage themselves due to their own negative or self-defeating mentalities. This is something that no trader is exempt from; in a way, your very attitudes about money and how you relate to money will play a part in whether or not you’ll be able to make money in the markets, and even more important, when you make the money, whether or not you’ll be able to KEEP the money. Some traders literally overtrade, and end up losing all of their previous gains. They go through this vicious cycle over and over again, and at the end of the year, they don’t really have any actual profits to show for it. If you look at their brokerage account statements, they’ve had a flurry of activity all year, but at the end of the year, they’ve barely broken even, or even may be sitting with losses. If you think about it, doing something that way is really a total waste of time. You could save yourself a lot of stress and time and just blow your money on slot machines if that’s how things are going to end up. So it would behoove us as traders to spend some time planning and thinking through a definite trading methodology, and also take some self-examination time to find out why you really want to trade in the first place. Some people, believe it or not, don’t even trade because they really want to make money; some people trade for the sheer excitement of it, and this holds true especially in the world of day trading. They’re simply thrill-seeking, and the evidence of this is their lack of operating by a specific trading plan. It’s more about just throwing mud against the wall and seeing what’s gonna stick, and honestly, to many traders, it’s just another form of playing the lottery. So before we can even get into any type of day trading strategies, again I believe it is absolutely vital for us to identify our true motives for trading. Some people may think that this kind of talk is borderline “psycho-babble”, and it may seem like a bunch of psychological hogwash, but the very roots of our behavior towards trading and money itself are oftentimes the subtle and unseen part of us that governs our trading behavior. Think about how many times in your trading career where you added to a losing position in hopes of it miraculously turning around, or how many times you entered a market late due to nothing but the pure hype surrounding the market. Think about how many times you hung on to a position that was obviously (and painfully) losing money, only to see that position just get worse and worse, because you couldn’t stand the thought of being wrong about your market bias. All of these things come into play when dealing with the whole of what it takes to be a day trader, so these things must be dealt with in order to keep them at bay. Until then, it’s almost useless to even consider developing specific day trading strategies; you’ll just end up frustrated, because in a sense, you’ll simply be trying to teach an old dog new tricks. I know I didn’t get into any specific day trading strategies for beginners (or any other strategies, really), but I strongly feel that these types of issues need to be addressed before moving into more specifics. Keep tuning in for more…until then, keep trading.

Day Trading for Beginners (Part 2)

In my previous post I talked about day trading for beginners and how important it is for you to know what you’re getting ginto when you begin day trading. Actually, make that BEFORE you even begin to get into day trading. The thing that I want to focus on with this post is how important it is for you to commit to eduating yourself about trading. Education is the most vital element of your trading career; you should never stop learning, no matter how many years of experience you rack up as a day trader. Gaining a solid trading education will build the confidence in you to really take calculated risks with your trading. But if you’re really more of an “action person” that would rather dive in without properly educating yourself first, you’re going to pay for it with cold hard cash. I can tell you from experience that that’s not the best way to go. Having blown several accounts out already, I believe I’m qualified to tell you that a little patience goes a long way. Whether you trade the stock markets, Forex or the commodtity markets, the basic principles are the same—you’re better off taking your time paper trading for a while & learning the markets before you commit real money to it. Don’t get me wrong, there’s no substitute for real-world experience when it comes to trading, and emotions are totally different when paper trading vs. real money trading, but still it’s a good thing to do just to take time & learn the “personality” of whatever market you’re in. There are many day traders that focus on only one market and do their best to “master” its movements and nuances…that can be advantageous because it helps you to keep from getting distracted and becoming the “jack of all trades but master of none”. I have a trader friend who only trades the E-mini S & P 500 and he kills it on a regular basis. Many traders who adopt the “tunnel vision” style note that you can learn a market’s peak hours and regular movements upon open or close if you stick to studying just that one market. For instance, for a little stint I was day trading Corn, and I noticed that Corn’s volume normally is huge right at the open, and then lulls during the early-to-mid-afternoon time period, and then jumps again within an hour before close. I also learned that if any real move was going to be made, it would happen during the first two hours of market open. I have had instances where I have made $250.00 in a matter of ten minutes just by sliding in & out of Corn. This is definitely not a science, but an art. Some would debate me even saying that about day trading; yes, I agree that it can be standardized and put into neat formulas by very smart people, but I do just fine by keeping it on the “art” side.

Looking back on what I’ve written so far, I realize that I didn’t actually stick to my initial intedned topic which was education for beginner day traders, but hey, you can’t win ‘em all. I’m signing off, but I know that I’ll continue to cover more day trading for beginner topics with some future posts.

Day Trading for Beginners

Well, I’m giving a big shout out to everyone who may be reading this blog…I’m heare to talk about day trading for beginners. One thing that all of us who are currently investing in the stock and commodity markets have in common is the facdt that we all at one time were beginners. There’s hardly anything more intimidating to a newcomer to the markets than the jargon and the terminology and all of the other stuff that makes up the whole base of trading knowledge that you have to have to be able to function in the marketrs. Please forgive my crappy spelling; I can be the world’s worst at proofreading my writings, because honestly I’m not sure if I care enough to go back an fix my mistakes…I actually just want to write what I write as fast as possible…I’ve found that I can type a lot faster when I’m not backpacing every other word to fix it. LOL

A Little Bit About Day Trading

Day trading is not for the faint-hearted. It’s definitely not for the investor that has a gambling or lottery mentality. Yes, you can score big with day trading, but you can also lose a HECK of a lot of money if you’re not careful and conservative with your trading practices. If you hate to be wrong, you’ll really be put through the ringer in the markets, because day trading is not about getting every single trading prediction correct, it’s about two words and two words only: CAPITAL MANAGEMENT. If you can master capital management and learn how to conserve your treading capital, you can absolutely make it in the markets as a day trader.

So What is Day Trading?

Day trading is basically a trading methodology where you enter and exit a trading position on the same day. Some people have had the mistaken notion that day trading means you trade every single day, but that’s just not the case. All it means is that you enter and exit your trade on the same day. “Day trader” doesn’t mean “daily trader”—there is a difference.

As you may or may not be able to tell, day trading takes a lot of discipline, which is why a lot of traders fail. This is not a game for the sloppy investor, or the emotionally-out-of-control trader. Day trading requires you to reign in all those impulses and ego that cause you to bail out of winning trades too quickly (because you want to “prove” to yourself that you’re right) and stay in losing trades too long (because you want to “prove” that you’re not wrong). I’ll put this warning out there for anyone who’s reading, and I’m sorry in advance if I turn off some people from even wanting to try this style of investing, but if you cannot control your emotions, and if you don’t know how to separate your feelings from your trading decisions STAY THE HECK AWAY FROM DAY TRADING. There…somebody had to say it.

But anyway, being that this website will teach day trading for beginners, I hope that you will at least stick around because if nothing else, it will be entertaining (LOL), but hopefully you’ll learn some good trading principles that can really beneifit you in the long run.