I'd like to first wish everyone a Happy Holiday and Happy New Year. Lay off grandma's secret nog...
I'm obviously new around here, and from what I've gathered - there are some impressive strategies, systems, minds, etc. Being a newbie not only on this site, but in terms of trading, I've realized that from reading on so many different strategies - I've suddenly become confused.
My ultimate goal would be to get into scalp trading. But before I jump into any unknown waters, I would deeply appreciate some feedback. I have no formal training in trading, whatsoever. I'm from south Texas, and thus the idea of finding any firms down here is out of the question at this point I'm not sure how to go about studying, training, etc., for this sort of trading.
I know and understand that this type of trading, like any other, is a huge risk - and the chances of me holding a cup out in front of Wal-mart is a possibility should I choose this path. I would like to start with about $15K. Thus, I'd like to read what anyone's thoughts on scalp trading are. I greatly appreciate any input. And again, Happy Holidays to all..
1/ Scalping is for experienced only, not for you
2/Put your money in the bank and educate yourself first.
3/ Pick one market , develop trading method , backtest it then trade it on a simulator .
4/When you think you are ready open 5K account and if you lose it do not trade till you save another 5K. DO NOT use 10 K left in your account !