Scalping for 1 hour: 23 trades

Discussion in 'Trading' started by ninZa.co, Apr 7, 2025.

  1. ninZa.co

    ninZa.co Sponsor

  2. 23 trades in one hour... geesh that sounds like a concentration of agitation and condensation

    Place one trade ... that captures the general large movement of the day instead. This ideally is the dream and maybe holy grail of market understanding
     
    Last edited: Apr 7, 2025
    Гук, Sekiyo and athlonmank8 like this.
  3. You're right but what's the stop based on? ATR, std dev? You can do that but you still have to manage risk.
     
  4. The stop or closing of the trade... that's as much of an art as opening the trade. Both are highly subjective, it's not a mechanical linear fixed process.
    Throughout the open trade journey you will be tested many times... is this a temporary hiccup... is that a temporary hiccup... is this the final top bottom to close the trade now...

    Before the opening bell you have to establish a generalized future framework based on variables of how the day will look like. And wait for initial confirmation ... then ride that movement.
    You don't need to know the exact future artwork... just the semi future to be successful in capturing your catch movement

    The devil is definitely in the details. and I'm only being very generalized here. When I day trade options on the S&P I only place one trade a day, aiming to capture that single large movement.
    Most days in the market there's an obvious single or double large movement..that's the treasure to aim and seize and plan for

    if the market goes against you initially then get out. You're here to be Right, Right now, only. If you're high correct on movement then you could afford minor reversals

    Of course, all this stems on how accurate your initial framework understanding is of the future. Your painting treasure map.
    There's very limited true moments of opportunities in the trading day that you need to sense, while everything else is low quality filler
    Not to offend anyone but I think it's stupid to scalp for small tiny trades... Go for the single grand great big prize movement tidal wave
     
    Last edited: Apr 7, 2025
    SimpleMeLike likes this.
  5. Is 23 a lot for a hour?
     
  6. Is there also a particular type of hat one should always wear.
     
    HawaiianIceberg and Sekiyo like this.
  7. Wear whatever hat and thong pantie and eyeglass frame and watch brings you market trading timing luck money success process foresight understanding life wisdom
     
  8. That’s refreshing to know, thanks.