Wednesday, January 26, 2011

recognizing scalping opportunities (words from masters)

"For extremely short-term trades,

relying on the right brain is often the only practical approach.

Traders simply do not have enough time to perform complicated analysis.

Traders who are scalpers must trade mostly using their right brains.

For longer-term trading, traders have plenty of time for analysis.

The left brain is good at building and understanding models for how the world of trading works,

and the right brain is good at generating ideas

and recognizing opportunities."

- Curtis Faith

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