Is price movement really random and unpredictable?

If you’re not doing HFT why try to pick up pennies? I used to pick up pennies in front of a train and 99% of time I eventually got run over with a handful of pennies. All the pennies are lost and more with one run over. I know the “free” pennies are very tempting. Being there done that.

You have to think big in trading. Otherwise, there’s no point at all. If you cannot cultivate an edge for big wins you’ll never make it in trading as a retail discretionary trader.

 

Even if you can't code, there are many good AI code bots available to get you moving in the right direction.

 

Scalping.

 

I an a newbie scalper (now), simply parroted what everyone said.

I exit +1 tick. 1 tick = $1250 in ES, not bad at all.

 

You must be talking about writing options to collect "free" money, like insurrance company selling insurance?

I believe day trading is a different animal, especially scalping, but I am new and really not qualify to speak for day trading.

 

Yes and yes for me.

 

Missing decimal, but IMO 1 tick trading is a waste of time mirage.

 

I am talking about any penny pickup trading in the financial markets, being it options , equities, etc.

 

Why you tell me?

I didn't ask you for your broker's statement.

 

Now you are telling me.