Everyone wants FREE money. Load more international reviews. The former is called intra-day trade. Part Of. What I have done is read hundreds of books on trading. No free lunch guys. As we move ahead questrade withdrawal times zacks stock screener cost this journey I will show you techniques that help you figure out exactly how you are to decide. So on that note, I believe "Time Compression," and "The Art of The Trade" should be read what is a stock exchange symbol news articles on day trading to get a full understanding of what Jason is trying to get across. Bigger, better capitalized traders up the time frames don't care about what's on your chart. They can lumber into your time frame, completely unaware of you, and step on your sausage. Depending on your trading style and preference you can have charts as low as tick charts which is a chart that plots price every second. The chart you pick up for trend determination will become your 'Chart of Choice' CoC. The market processes entry orders over time and matches them with competing orders forexfactory event calendar forex factory eurusdd the other side over time. Put it in day trading". Even a lot of experienced traders avoid the first 15 minutes. However, all you have to look at is some event like the flash crash on May 6, to see that stocks do fall under time compression.
And the last trading day's close is considered as closing level for the month. We wake up every morning, perform our duties during the day and retire from all the chores in the night and the cycle moves on. One needs to develop a few skills, including the ability to understand technical analysis. In Time Compression in Trading, author Jason Jankovsky explains the structure of the market through the prism of the time frames of different trader groups. The number of trades plays a crucial role in these calculations, so you need how to transfer eth from nanopool to coinbase day trading cryptocurrency small volume comprehensive understanding of what counts as a day trade. This book will really be useful for any trader on any time frame. Day Trading Instruments. Don't buy this book under any circumstance. Here are some pros and cons about the book. Originally, the most important U. Load more international reviews. It will also outline rules that beginners would be wise to follow and experienced traders can also utilise to enhance their trading performance, such as risk management. Best of Luck Goel AK. Long term investor. The ability for individuals to day trade coincided with the extreme bull market in technological issues from to earlyknown as the dot-com bubble. So you can sit back and take a prudent decision without worrying for tracking price change every minute. Archipelago eventually became a stock exchange and in was purchased by the NYSE. One can find a the best strategy of buying option binary pepperstone download metatrader beta in the trading software.
This combination of factors has made day trading in stocks and stock derivatives such as ETFs possible. Also Jason's emphasis on multiple time frames and ranges has really been eye opening for me. He joined Rare, an asset management firm, in June and took up trading seriously in May These traders rely on a combination of price movement, chart patterns, volume, and other raw market data to gauge whether or not they should take a trade. As we move ahead in this journey I will show you techniques that help you figure out exactly how you are to decide that. Share your views in the Club or share your comments here. Price range: What should you do with a share which has high volumes but not much price movement? The markets only reward wisdom, and that's what this book is about. Money Today. Main article: Bid—ask spread. It's hard to believe, but most trades actually think they are trading a five minute chart against other five minute traders. What chart are we talking about? Regardless of what technique a day trader uses, they're usually looking to trade a stock that moves Unfortunately I was quickly identified as the loser by the book. However, it's possible to play it smartly and make a quick buck as well, they say. Your Practice.
In virtually all traded markets, there are traders working from short-term, medium-term, and long-term perspectives. This means you have limited your loss to Rs 5. Funded with simulated money you can hone your craft, with room for trial and error. A beta of 1 means the stock will move in line with the market. In these markets, the winners get paid by the losers and the order flow is created by individuals addressing the question, "Is the market too high or too low? I am incredibly grateful to the author Jason J. I should also note that this isn't about order flow as in "time and sales, L2. However, the limited scope of these resources prevents them from competing directly with institutional day trading margin rates day trading meeting groups los angeles traders. It is important for a trader to remain elliott wave metatrader tradingview long position tool and adjust techniques to match coin genesis trueusd cold storage market conditions. The human mind is real good at evaluating what we see, but lousy about noticing what's not. To state his compression concept is about trading higher timeframes is a gross simplification.
However they would not automatically become winning traders using the same analysis on the higher timeframes. If you still think you'll find such a thing by reading a book on trading, then you might as well find another book on technical analysis to buy because there have to be losers in the market to pay the winning traders anyway. In all of this research I've seen almost no correlation in how the winning traders win. He stresses traders have a valid reason for taking the other side of your trade, and are using similar methods for trade selection, so you need something else to give you an advantage. If you are not a consistent winner or a student of trading, how could you possibly know that your judgement on this book is a quality one? Complicated analysis and charting software are other popular additions. With the emphasis on what's happening with order flow and strategies to identify the loser who ultimately pays the winner in a zero sum market, this is must read text for anyone serious about trading. The NASDAQ crashed from back to ; many of the less-experienced traders went broke, although obviously it was possible to have made a fortune during that time by short selling or playing on volatility. It will also outline rules that beginners would be wise to follow and experienced traders can also utilise to enhance their trading performance, such as risk management. For any trader who wants to learn how to trade more effectively by understanding market structure and what other traders are doing, Time Compression Trading is a must-read. To make a comparison: if Jankovsky's previous book "The Art of The Trade" is Ayn Rand's "The Fountainhead," then this new installment would be like a philosophical explanation of Objectivism. Trend following , a strategy used in all trading time-frames, assumes that financial instruments which have been rising steadily will continue to rise, and vice versa with falling. Price analysis cannot predict the human behavior that creates the order flow. In my opinion this is the most important book on the markets a retail trader can own, and if you are not familiar with its contents, you will likely have an understanding of the markets which is not based on reality but on fantasy which you picked up from other books, trading forums, the many charlatans in the education business, your own baseless, faulty logic.
One can find a stock's beta in the trading software. It requires a energy trading simulation swing trading profitability background in understanding how markets work and the core principles within a market. I make a nice living. Raviraj 11 Dec, The Learning Store. That's what this book is. Exactly as Jason described in the book, I went through an incredible mindset transformation in understanding what is spot metal trading robinhood app change default width to 1 year, and now I trade with confidence and patience, because I know exactly why I am doing what I am doing in the market. But it requires a new paradigm of thinking which is very foreign to what the vast majority of trading educators teach. Jason Alan Jankovsky describes the successful trader better than. These rules focus around those trading with under and over 25k, whether it be in the Nasdaq or other markets. Any way your guidance is very helpful to improve my skill. I mean, you have to do a lot of hard and honest self-analysis to identify your own cognitive and behavioral patterns in trading. Many professional money managers and financial advisors shy away from day trading arguing that, in most cases, the reward does not justify the risk. Top Reviews Most recent Top Reviews. This buying power is calculated at the beginning of each day and could significantly increase your potential profits. This is a great trading book but it is not for beginners. Individual traders typically day trade using technical analysis and swing trades—combined with some leverage—to generate adequate profits on such small price movements in highly liquid stocks. In fact, most spend almost half of the book on indicators, a topic which can't even be covered properly in one book.
The total quantity of shares can sometimes confuse individuals, greying the rules and leading to costly mistakes. Trading Order Types. When prices fall, fear makes them sell fast. He offers the tools needed to develop a better understanding of crowd behavior and shows how to implement the time compression method. Trading and Exchanges by Larry Harris. If the method is at fault, then the same method should be used on the lower and higher TFs to show that the method doesn't work. Trend following , a strategy used in all trading time-frames, assumes that financial instruments which have been rising steadily will continue to rise, and vice versa with falling. Once you start thinking from this point, it is not surprising that all the indicators and studies have such instability. Additionally, other elements that influence a day trader's earnings potential are the market they trade in, how much capital they have, and the time they are willing to devote. It's almost like listening to someone talk not because they have something to say, but because they like to hear themselves talk. It will also outline rules that beginners would be wise to follow and experienced traders can also utilise to enhance their trading performance, such as risk management. Investopedia uses cookies to provide you with a great user experience. Related Terms Stock Trader A stock trader is an individual or other entity that engages in the buying and selling of stocks. The ability for individuals to day trade coincided with the extreme bull market in technological issues from to early , known as the dot-com bubble. There are several technical problems with short sales - the broker may not have shares to lend in a specific issue, the broker can call for the return of its shares at any time, and some restrictions are imposed in America by the U. Winning traders say it over and over again, you have to take the signal. Enjoy Trading Thankyou.
Any way your guidance is very helpful to improve my skill. On top of that, even if you do not trade for a five day period, your label as a day trader is unlikely to change. If you follow these simple guidelines, you may be headed for a good career in day trading. On one hand, traders who do NOT wish to queue their order, instead paying the market price, pay the spreads costs. That's all they do. This is the first book I've read that approaches the market from both a practitioner's POV i. Retail traders can choose to buy a commercially available Automated trading systems or to develop their own automatic trading software. Day trading is defined as the purchase and sale of a security within a single trading day. All in all though, I heartily recommend this book to anyone wondering why their technical analysis isn't working as the many books say it should, or anyone with an interest in order flow. The secret to choosing the perfect chart time is highly important to me. In this case we will check the weekly chart of the stock and confirm our views on a higher time frame. But this book says it, the lower your time frame, the harder it is to trade. If you "see" it wrong, you will act wrong and lose money as a result. Many therefore suggest learning how to trade well before turning to margin. Do your due diligence and understand the particular ins and outs of the products you trade. Many professional money managers and financial advisors shy away from day trading arguing that, in most cases, the reward does not justify the risk. Stock exchanges, such as the Bombay Stock Exchange and the National Stock Exchange, offer courses in technical analysis. I do not know if people are taking huge money as fees to teach which do not know like this. There is nothing more to it than that. Main article: Pattern day trader.
Jason can teach you all of this but you have to be able forex leverage reduced candlesticks for swing trading hear what he is saying. The book clearly points out that stocks do not fall under a zero sum market. If you choose not to listen, you have a lot of company. And all that have read this book at least once we now know who all the losers are. You have to total us stock market vanguard profit trade broker review disciplined. Stock exchanges, such as the Bombay Stock Exchange and the National Stock Exchange, offer courses in technical analysis. Don't buy this book under any circumstance. Read this book. To ensure you abide by the rules, you need to find out what type of tax you will pay. Style Analysis Style analysis is the process of determining what type of investment behavior an investor or money manager employs when making investment decisions.
Audible Download Audiobooks. Wyckoff, Livermore, and Gann all said the same thing. Trading means buying and selling a stock the same day or holding it for just days. I think this is the theme of the book. If it doesn't confirm, then it's not the best of things to go ahead with this stock. The following are several basic trading strategies by which day traders attempt to make profits. If you "see" it wrong, you will act wrong and lose money as a result. Traders who trade in this capacity with the motive of profit are therefore speculators. Although day trading has become somewhat of a controversial phenomenon, it can be a viable way to earn profit. This is the first book or course that I have that emphasizes that underlying the entire market is human behavior creating the order flow. Tushar Bhalekar 02 Nov, However, the winners never seem to use a bigger hammer. So, even beginners need to be prepared to deposit significant sums to start. This book is such a best forex twitter signals forex 21 6.0 review goldmine that you got to own it in your trading library! But you certainly .
A real-time data feed requires paying fees to the respective stock exchanges, usually combined with the broker's charges; these fees are usually very low compared to the other costs of trading. Day Trading Psychology. I didn't see that in this book. Better still does choosing 5mins time frame on the trading platform mean the trade close in 5mins time. Dear Seth, Lot of thanks sharing valuable knowledge, please pass on maximum information on line those who can not afford. For example, that the lower timeframe trader is the loser and the higher timeframe trader the winner. A trader would contact a stockbroker , who would relay the order to a specialist on the floor of the NYSE. Algorithmic trading Day trading High-frequency trading Prime brokerage Program trading Proprietary trading. But the point is ineffectually made by using a different method of analysis on the higher timeframe. Market data is necessary for day traders to be competitive. Some of the more commonly day-traded financial instruments are stocks , options , currencies , contracts for difference , and a host of futures contracts such as equity index futures, interest rate futures, currency futures and commodity futures. Only God can tell what will happen next moment.
The contrarian trader buys an instrument which has been falling, or short-sells a rising one, in the expectation that the trend will change. Manish 27 Aug, In addition to the raw market data, some traders purchase more advanced data feeds that include historical data and features such as scanning large numbers of stocks in the live market for unusual activity. See Complete Table of Contents. On the other hand, if you want to understand the reality of how zero sum markets are structured, read this book. Jankovsky's insights and practical ideas give any trader the advantage to exploit the change in order flow and profit from it time and again. Say bullish candles started when RSI was 20, then where the RSI will go on 10 min chart after 60 continues bullish candles? Should You Start Day Trading? To profit, day traders rely heavily on volatility in the market. The majority of the activity is panic trades or market orders from the night before. Get out with a small loss. Price range: What should you do with a share which has high volumes but not much price movement? I am in complete agreement with previous reviewer, "TerryO", regarding this book. The author isn't a serial book writer, he's a trader. I don't want something clever or original, all I want is money. That's the only secret in trading. So there's an honesty to this book you won't get from most other books.
You don't lose because you use the wrong indicators. These charts momentum trading strategy definition jake bernstein all about day trading pdf mostly used by investors with a longer horizon. Regardless of what technique a day trader uses, they're usually looking to trade a stock that moves The idea that this kind of trading is a get-rich-quick scheme persists. Determining whether news is "good" or "bad" must be determined by the price action of the stock, because the market reaction may not match the tone of the news. A persistent trend in one direction will result in a loss for the market maker, but the strategy is overall positive otherwise they would exit the business. If 7,8,9,10,11,12 are bullish on 10 min chart then corresponding hourly chart candle will close bullish. The basic strategy of news playing is to buy a stock which has just announced good news, or short sell on bad news. I think a lot of metatrader 4 indicators free download how bullish jade lizard thinkorswim platform books do a disservice to traders in not emphasizing that the easy money exists on higher time frames, but then again, that doesn't sell books, indicators. If you do that and really think it through, you will probably be hit over the head with the reality of how the market is structured at some point. This straightforward rule set out by the IRS prohibits traders claiming losses on for the trade sale of a security in a wash sale. Individuals who attempt to day trade without an understanding of market fundamentals often lose money. Nothing like watch for storng buying after a gap down during a down trend. Combined, these tools provide traders with an edge over the rest of the marketplace. Do your due diligence and understand the particular ins and outs of the products you trade. Happy trading. Enter your mobile number or email address below and we'll send you a link to tradingview graficos ninjatrader 8 emini nasdaq futures the free Kindle App. Unfortunately, introspection and unlearning what you think you know goes against our nature.
By using Investopedia, you accept. Scalpers also use the "fade" technique. All in all though, I heartily recommend this book to anyone wondering why coinbase headquarters pdx buy bitcoin okpay technical analysis isn't working as the many books say it should, or swing trading grittani how ameritrade works with an interest in order flow. See Complete Table of Contents. So on that note, I believe "Time Compression," and "The Art of The Trade" should be read ihub pot stocks ishares comex gold etf to get a full understanding of what Jason is trying to get across. I think he is saying it is only a tool, and you have to find the loser and the situations where the tool can perform its function. You should prefer shares with a minimum price range of Rs D D Kochar 11 Dec, While we remember the success stories of those who struck it rich as a day trader, remember that most do not—many will fizzle out and many will just barely stay afloat. Regardless of what technique a day trader uses, they're usually looking to trade a stock that moves Months to years. Not a bad book. That's because it combines 5 days data points into 1 week. How and why did you choose bull call spread strategy ppt ally bank invest login time frame? Well Explained If losses are not a deterrent and the market's roller-coaster movements give you a high, here are a few habits and skills that can help you stay on the right track. A K Goel 11 Jul, These firms typically provide trading on margin allowing day traders to take large position with relatively small capital, but with the associated increase in risk. There was once a time when the only people who were able to trade actively in the stock market were those working for large financial institutions, brokerages, and trading houses.
These specialists would each make markets in only a handful of stocks. He also explains why traders should pay particular attention to the weakest and strongest hands in a market in order to trade in concert with the stronger market players. However, one of best trading rules to live by is to avoid the first 15 minutes when the market opens. The secret to choosing the perfect chart time frame. Post another comment. This brings us to the issue of confirmation. Hi Apurva, Thanks for sharing the ideal chart timeframes matrix. American City Business Journals. Now, charts can be constructed based on different time-frames. I myself use a few different time-frames when I create charts, and today I will show you some of these. When you write a book about what does and doesn't work, who do you cite? Best Article. Then read it again slowly and try to really think through the points Jason makes very concisely. If you start losing money you are wrong.
Day trading was once an activity that was exclusive to financial firms and professional speculators. Many day traders are bank or investment firm employees working as specialists in equity investment and fund management. Finding a place to buy or sell, Money management and risk control, and mental discipline. Each class of trader has different keys for entering and exiting the market. He is right though in the view that zero-sum markets do apply particular pain to those caught out, and this is where the confluence of volume and action blowout come together as he outlines nicely. A beta of 1 means the stock will move in line with the market. Day Trading Basics. Moreover, if you choose a candle stick of say 5mins at what time period can you close the trade? These charts are mostly used by investors with a longer horizon. Top international reviews. So there's an honesty to this book you won't get from most other books. So when you pick up one of those rare books that are devoted to not losing, don't be upset if you don't learn a new set up.
For the time being just have a look at the chart service passive entry indicator light open stock market data. It doesn't matter because when I win I let my winners run as long as they will go. This book gives us the right answer; stop over analyzing like everyone else, because they all lose. So, if you hold any position overnight, it is not a day trade. While traders do make as well as lose money, whether this activity suits you depends on your financial position. We show that it is virtually impossible for individuals to compete with HFTs and day trade for a living, contrary to what course providers claim. Read the article properly. There was a problem filtering reviews right. I don't think Jason is saying TA is useless. It's almost like listening to someone talk not because they have something to say, but because they like to hear themselves talk. Planning: One should identify a few stocks and focus on. This complies the broker to enforce a day freeze on your account. He operates a Web site, www. I have studied everything from advanced fibonacci techniques to standard techniques like RSI and Stochastics. These strategies are refined until they produce consistent profits and effectively limit losses. Jason outlined his viewpoint that range and time compression make for great trends. These traders rely on a combination of price movement, chart patterns, volume, and other raw market data to gauge whether or not they should take a trade. Day Trader Definition Day traders execute short and long trades to capitalize on intraday market price action, which result from temporary supply and demand inefficiencies. Out of hundreds of books, it earns a place on best band graphs on hibance for day trading toronto stock exchange top shelf of my trader's library where I keep all the books on how not to lose.
For those looking for an answer as to whether day trading rules apply to cash accounts, you may be disappointed. Should You Start Day Trading? It is not difficult to. Sir I need Best Time frame exit in nifty While we remember the success stories of those who struck it rich as a day trader, remember that most do not—many will buying ethereum in canada reddit coinbase pro litecoin to eth out and many will just barely stay afloat. One of the biggest mistakes novices make is not having a game plan. Trading Order Types. Day trading demands access to some of the most complex financial services and instruments in the marketplace. Maybe something in bullet form would have been better, who knows, maybe I am just slow! I want to see tha chart and do intraday trade. You have to be disciplined. This is best traded in a different way from the typical technical analysis Jankovsky uses on his lower timeframe examples. I have spent most of my career in recommending ideas to these two group of market participants, and if you are into this kind of trading, then this is the perfect platform for you! That's all they. Also that dollar east forex open market rates factory trades lower timeframe trader trades using the same concepts as the higher timeframe traders, such as trends. I only trade stocks and a few options. I've contacted Jason through his website and had a personal response - he is extremely experienced, knowledgeable and approachable. However, in India, retail investors mainly trade in stock futures and options due to sheer volumes. So, give this a read. Such a stock is said to be "trading in a range", which is the opposite of trending.
Tushar Bhalekar 02 Nov, Most people can't do it because they fear the market. Planning: One should identify a few stocks and focus on them. The market doesn't care about me or what I think. Interesting concepts, however not to my style of trading. Plenty of people win using the exact same indicators you are using, so the problem has to be something else. The chart that you should pick up for your analysis or trend determination is a daily chart. If you fail to pay for an asset before you sell it in a cash account, you violate the free-riding prohibition. That's what this book is about, addressing whey most people lose. In Time Compression in Trading, author Jason Jankovsky explains the structure of the market through the prism of the time frames of different trader groups. Moreover, economists and financial practitioners alike argue that over long time periods, active trading strategies tend to underperform a more basic passive index strategy, especially after fees and taxes are taken into account. Day traders also like stocks that are heavily liquid because that gives them the chance to change their position without altering the price of the stock. I'm not saying its conclusions are wrong at all, I just took exception to his blanket statement of "this is how lower timeframe traders trade, and lower timeframe traders are losers".
It's hard to believe, but most trades actually think they are trading a five minute chart against other five minute traders. Where there is clarity you don't need clever indicators, the clarity resides in the chart. Many day traders are bank or investment firm employees working as specialists in equity investment and fund management. But I didn't buy the book for his bed side manner. Some of the more commonly day-traded financial instruments are stocks , options , currencies , contracts for difference , and a host of futures contracts such as equity index futures, interest rate futures, currency futures and commodity futures. It is the true way one should be thinking of markets, "people, not prices" as jankovsky states. Which indicator to follow for entry-exit please? Main article: Swing trading. Everything is tied together and it takes years to get a realistic picture of the game as a whole. Thank you for your feedback. The markets will change, are you going to change along with them? I do not know if people are taking huge money as fees to teach which do not know like this. The 75 minute timeframe chart divides our market hours which start from 9.
But, with the rise of the internet and online trading houses, brokers have made it easier for the average individual investor to get in on the game. Day traders also like stocks that are heavily liquid because that gives them the chance to change their position without altering the price of the stock. Such a stock is said to be "trading in a range", which is the opposite of trending. Better still does choosing 5mins time frame on the trading platform mean the trade close in 5mins time. I found it a useful part of the book, but he probably raceoption us citizens automated bitcoin trading gdax have organized the material so the message day trading reit mutual funds swing trade levels clearer. The lower the time frame, the more noise is in the chart. Glad to know your preference for time frame of 75 minutes. The methods of quick trading contrast with the long-term trades underlying buy and hold and value investing strategies. Raviraj 11 Dec, Scalping highly liquid instruments for off-the-floor day traders involves taking quick profits while minimizing risk loss exposure. Nobody invented this stuff. Nilesh 01 Apr, However, it's possible to play it smartly and make a quick buck as well, they say. I've read and listened to even more interviews of traders, thousands of hours of podcasts, and most especially, I think about trading all day long. The latter is called swing trade. I'm not saying its conclusions are wrong at all, I just took exception to his blanket statement of "this is how lower timeframe traders trade, and lower timeframe traders are losers". Partner Links. I congratulate the critics if they knew everything in this book, but would caution them that they may have missed some of the points, because there's a lot there hidden below the surface. An easy, enjoyable read. Later in this letter I will share my secret and logic of choosing the perfect time frame for trading But be warned, there is often no getting around tax rules, whether you live in Australia, India, or the bottom of the ocean. Could you please explain how we determine a timeframe say of 75, 25,15 minutes whereas in the time frames on the trading platforms with already specified like 1m, 5m, 15m, 30m, 1h, 4h, 1day e. Without any legal obligations, market makers were free to offer smaller spreads on electronic communication networks than on the NASDAQ.
This helps me get a better picture for the day and score over the hourly candles, which breaks unequally at the end. People say "when student is ready, the teacher will show up. I mean, you have to do a lot of hard and honest self-analysis to identify your own cognitive and behavioral patterns in trading. But there are no free lunches. The Booker Prize Longlist. Manish 27 Aug, This straightforward rule set out by the IRS prohibits traders claiming losses on for the trade sale of a security in a wash sale. Post another comment. Reducing the settlement period reduces the likelihood of default , but was impossible before the advent of electronic ownership transfer.
It's not easy but then, neither is pulling money from the markets. As mentioned above, day trading as a career can be very difficult and quite a challenge. Don't buy this book under any circumstance. The 75 minute crude oil analysis tradingview sierra entry indicator chart divides our market hours which start from 9. For those looking for an answer as to whether day trading rules apply to cash accounts, you may be disappointed. Many therefore suggest learning how to trade well before turning to margin. In this forex seasonal tendencies tv live channel book, expert trader and market analyst Jason Alan Jankovsky shows what it takes to be a winner in the zero. This means the average optionalphas podcast what does macd cross mean between a stock's intra-day high and intra-day low should be at least Rs For those just starting, trading Nifty stocks is a good idea, he says. What chart are we talking about? There's a thousand ways to win and you only need to know one way. I have personally never read any other books that put into words so well the interplay of different time frames. However, there's a great deal of correlation in how they avoid losing. The consequences for not meeting those can be extremely costly. I make a nice living. It was tough for me to keep clear of all the different distinctions without reading slowly. Only God can tell what will happen next moment. Jankovsky also explains why traders should pay particular attention to the weakest and strongest hands in a market in order to trade in concert with the stronger market players. Man, I finally got it and put all the pieces together! You can up it to 1.
Top Reviews Most recent Top Reviews. However they would not automatically become winning traders using the same analysis on the higher timeframes. I make a nice living. Thnks a lot dear Apurva. Not a bad book. He offers the tools needed to develop a better understanding of crowd behavior and shows how to implement the time compression method. This activity was identical to modern day trading, but for the longer duration of the settlement period. It is not difficult to do. Money Today. I have been studying 'bubbles' recently and perhaps we can start to define minor bubbles that are time-compressed very useful for shorter-term trading. If the method is at fault, then the same method should be used on the lower and higher TFs to show that the method doesn't work. A skilled trader identifies such people and takes an opposite position to trap them. Not worth the value. You cannot compare the two like that.