Counting Both Ways with Paperboy

Counting Both Ways with Paperboy

Who is the teacher and who needs to learn something new?

Showing paperboy how to use the 5 indies for a buy order and he says, “Why would you buy in the middle?” I could have explained that I was “just showing” him how to read the indicators, but he really wasn’t looking for an answer. He was saying that it makes so much more sense to sell the tops and buy the bottoms.

“And looking at the tops, if you back the chart up to the beginning of the day, it sure looks like selling is the way to go!” And then he proceeded to mark the 5 indies in about half the time it took me to do the same thing. He gives me a funny look, like he’s waiting for me to say something about how he sees and states the obvious, but I won’t do it, I won’t say it, and I’m wondering why I ever did say stuff like that!

At The Top

Paperboy Says

In The Middle

SFT Shows

Charts, Baby!

Charts, Baby!

Out of the 20 available, it only took 4 trading days to fully demo.

Although I started out to make a page with a slideshow that demonstrates a month of trading days, with just four charts I was able to show that there are up days…. there are days that are up, down, up, down, etc., and there are down days.

There are days when the market will be called flat at the end of the day, without regard for the 145 points of swings throughout the day.

April - The First Four Trading Days

On April 1st, prices went “coast to coast” 40 points down and 40 points up. A patient trader with one e-mini contract might have made $4000.
All you have to do is sell the top and buy the bottom and sell the top again at the close. It should be that easy, right?

April 4th

A patient trader might buy one or two contracts at the open and just hold on for the duration.
If you did, you might have made $2300 per contract by the end of the day.

April 5th, 2022

Sell around 10 a.m. and hold on all day for more than $3500 of profit with just one e-mini contract.

April 6, 2022

If you only knew, there were 145 points available (the hard way) up-down-up-down and finally settling at basically flat for the day. But an easy $7K for a good tape reader, is that you?