T-REX Journal - "Scalping 101"

I'm not even trading yet, and I'm still in the process of learning the lingo. so some of the terms your using are a little are unfamiliar to me, but don't change anything, I like the challenge of deciphering posts. I'm learning, but I still feel like a contestant on the price is right trying compete with jepardy champions

thanks for all the help T-Rex

 

My broker says trade when the market hands you a gift, such as today was.

 

Here is a suggestion on stoplosses.

1.25 - 3.00 pts stoploss on 1min & 5min bars
7.25+ pts stoploss on swing trades on daily bars.

Thank you

T-REX

 

There is more to life than trading.
If you traded and made money though- good for you.

Thank you

T-REX

Happy new year

 

Nice trending up day expected.

 

The 60min Chart should have clued you in that the intraday trend was about to reverse.

 

Since all of this face-saving is being done in hindsight, in what way should the 60m chart have clued anyone in that the intraday trend was about to reverse?