Good Morning Overnight, I read your journal and I really admire and respect your exact strategy you trade year to year, and month to month. Keep up the great work and really hope your strategy fulfill your personal trading goals!! We all think different and have different back grounds. This mean, we all have different trading personal goals. Rather the goal be unrealistic or realistic..it is my trading goal.........The Market will either punish me or reward me.
Good Morning maxinger, I do not know what face value, or inverse or reverse it means. All I know is this, the OP needs help with a "scalping" way to put money in his pocket trading. And that quest is not an easy answer for any ET member to provide. My only help for the OP is to try best and stare at the chart and hope to figure something out.
i dont doubt that this board is filled with brains and all information i need to learn. the problem is as very few members seem to notice on any forum. people do not even attempt to understand the actual question. i learned everything from forums. in past 20 or so years so im well familiar with the fuckery that is happening on the forums from automotive to 4chan. there is usually a small number of people who are able to process noob questions because they understand that noobs dont even know what to ask most of the time. the rest of the post gets derailed by some chad who thinks he knows whats up because he had a green week and thinks hes tim sykes now because he made 1500 in a week. i learned to build motors and everything else automotive from forums and when i was able to answer questions finally i wasnt a dick about it. i literally answered same question sometimes more than 100 times. because the new guy has no idea what to even look for. he doesnt know there are about 50 different threads about same topic because he again doesnt know what to even search for because most other threads are named like "what this thing do. help" and then it goes into detail of replacing a balance shaft on mercedes. look at this thread. i purposely made it offensive to bring out all the trolls who will do same thing they do in every thread.. mods take note who posted a useful discussion and who got triggered by this post.. your answer is here
Okay. That's cool. But like I said, starting a thread where you're asking for help with criticism of the very board you're asking for help isn't socially smart and would probably not invite helpful answers. Maybe save the criticism for afterwards if the thread turned to shit, no? Trading is very different than the fields you mentioned earlier due to the type of people it tends to attract and the competitive nature of this field (who would spell out a profitable method for free?). Maybe you'd feel more at ease with Big Mike or whatever that forum is called these days. It's very heavily moderated and much more friendly, but the cost seems to be that there's less knowledgeable people posting. Good luck. PS: Scalping is a tough game these days. Run the math on your numbers and you'll understand why.
im not looking for a method. there are as many strategies as there are market players. most of what im asking are just technical questions about how stock market works or the mechanics of the market so i can get a better understanding and create my own strategy(because in the end thats what makes you profitable, creating a strategy that works with your brain's processing) but mostly i get chads who hop into my posts and start pushing their own strategy like bro trust me this is the ONLY WAY TO TRADE!!!!! this is absolutely the right method and you are wrong and everyone is wrong but im the best. or they post something completely off topic and then get butthurt when i tell them to please skip the post. or if there are multiple trolls they start arguing with eachother about some sht thats not even related to the post at all lol. sometimes mods clean up the post but by then its too late. very rarely i get an answer by someone who actually read and understand what i asked. or at least tried and maybe corrected me in my question because i didnt know what im even asking.
i know scalping is tough. im not making much maybe 20-50 bucks a day but im also losing alot less and it gives me alot more practice to run through chart patterns forming. i get to do 10-20 trades a day thats 10-20 patterns i get to see form and break down in a day vs swing trading thats 10-20 patterns a week. my problem is holding on too long and with smaller trades that run faster i get to see my mistakes faster and dont have time to overthink. its either enter or exit now or the train will start moving
Cool. If practice is the issue with 'swing trading', you can always back-test/replay a ton of historical data. I can see the attraction towards scalping. The general problem is that your R/R is typically inverted and you'd need a very high win rate long term for it to be worth your while. I think scalping is best done with fixed profit targets and/or an aggressive trailing stop. When I was scalping I always had automated strategies for order management, i.e., move to B/E or B/E + 1 tick after XXX of movement. I recall a few 100 % winrate NQ weeks and some very good ES weeks, too, but then, invariably what happens is that darn losing day where you give back a lot since your stops are so much bigger than you average winner.