HELP strategy for scalping tinnies on QQQQ

Discussion in 'Trading' started by spamula, Nov 18, 2008.

  1. spamula


    Guys usually I'm the sort of trader that usually uses 10 min charts with a stop of 1r looking for 3r+ profits however I'm interested in 1min/ level 2scalping on the QQQQ's.

    What is a good method for scalping for tinnies.

    Should I be using something like a 0.02 stop for 0.6 cent gain? or should I be going smaller I have heard of guys tradings 100,000's of shares in the q's daily. Most I hear are looking for around 0.02 cents, thats fine but where do they place stops?

    my commisions are low!