I'm a fairly new poster here. What I find interesting though is the amount of baseless ramping (in between some very usefull and helpful posts) that is in a fair bit of threads on here.
But then I think to myself...is this a valid way to trade? Ride all the waves from ramps and quickly take your profits? When I say valid I mean...is that a strategy that people actually use and make a consistent profit from?
It seems to me that it is a way for people with small capital to trade, risky but could be very profitable with a few good hits in a row?
How many do this? I'd think that you could only trade so long successfully this way? Am I wrong? Would love to hear from someone who actually trades this way and find out what the nuances are, the pros and cons. Do people trade this way because of a lack of funds? A lack of understanding? Is it a shortcut? Is it considered cheating?
What's everyone's thoughts on this?