More trading Scalp Trading Strategies Part 2- Getting Started Scalp Trading Futures and Stock Markets
Scalp Trading the markets for small targets multiple times per day can be possible, but not as easy as you may think.
• The first 5-10 minutes of the start of the session, expect high volatility and whipsaws.
On Fridays, it’s common to encounter slower activity and manipulation. Buyers and sellers flip-flop.
• The E-mini (ES), Nasdaq (NQ), and Russell (TF) have similar movement. When scalping, the Dow (YM) is about $5 per tick, so that does not leave much after commissions.
• Summer trading – no need to trade 24 hours a day. Overnight and last hour are traditionally less active. Stay out of the market when conditions are not ideal. Saving money / avoid risk is just as important as winning.
• When beginning trading, spend time practicing. When using real money, despite your wealth, begin with one contract and move up slowly from there.
• What happens when your target is hit and you’re not filled? Price usually has to penetrate to fill your order. It’s better to not take a loss. Get out with a smaller profit instead.
• Problems when trading many contracts – partial fills occur when using limit orders. Market orders help avoid this problem. Getting 10 to 15 contracts filled on a limit order is not too difficult, but above 20 can be challenging.
• The videos page is now updated with over 300 videos, going all the way back to 2009. The methods mostly have not changed. Very few in this industry can claim the same.
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Day Trading ABC's - Forget the Indicators - Start Using Price Action
Shares tips and secrets you need to learn when day trading futures, and other electronic markets.
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Traders need to invest time and money into education with the right person. Winging it never works. Feelings are great if you are in Love. Time the market for entries, exits and trade management.
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