Scalp trading reddit Access to accurate data live feed I dont know many traders that scalp that many times per day. If you are asking the Reddit forum they will tell you that scalping is taking short term profits based on candles on charts turning green and red. Traders are usually attracted to scalp trading for the following reasons: 1. You may be losing out on money not commission though. So far I've done 340 trades with the average trade lasting about 10 minutes. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! (And go Scalping is just investing, swing trading, day trading in a very low timeframe (I'm talking about pure TA traders). otherwise its full account trading for small moves over and over, i despise utilizing and really risking Afaik the trading fees are just 0. You want to control for max loss and Unaffiliated subreddit of Interactive Brokers, a popular multinational brokerage firm. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms For normal trades i try to capture atleast 30-40. You'll thank yourself the sooner you swap to futures for day trading than later (that is, if you're trading mostly on technicals like Broker for scalp trading Investing Can i get a recommendation on a broker thats suitable for scalping? Locked post. Tp is I opened my futures account with $800 using ninjatrader. Heres what im looking for. From there the Dude. true. I use other platforms too, but Fidelity’s Active Trader Pro is a really good platform if you have a strong PC with 4K screens. 1pt? 2pts? I must capture 5pts to make an MES trade worthwhile on TD but I no longer use them. They basically just say out loud what they’re thinking or what they’re looking for. No matter how good you are, commissions will eat you alive. 5 tick to comission fee. Or you can scalp while your main trades are working themselves out. The main things I'm looking for in a stock are liquidity, great As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. I used to wake up at 4:30am, go for a long walk or run, eat a healthy breakfast, sit at my computer around 5:40am, see what news is out there, Limit orders get you a better price but deal with adverse excursion (you have to trade against short term momentum). So i thought I You could argue that trading on the 15m is scalping if you hold your trade for less than one bar, as opposed to trading visible swings on the chart. The ability to enter and exist at precisely defined price is one of the biggest advantages of scalp trading. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also Scalping works best in markets which are chronically volatile (and ideally trading in a range). If you trade like an algo, for example if you just scalp, use fixed stop/profit target, or trade breakouts, you're going to have a bad time. 10 to 20 trades a day. It's more about your mental discipline and how you rationalize the trade. You take ritalin? I use a 5m and 1m chart for scalping, 5m chart is for establishing market structure, liquidity etc, and 1m chart is for actually taking my trade as it gives more confirmation then 5m A developing trader, a new trader, should NOT be focusing exclusively on big money trades. 700-800 per trade leverages, take profit around $80-100 per trade There are certain market conditions that lend themselves well to scalping. They trade occasionally oil and gold as well. Quickly book profits is good. If you make just $500 a day, that’s $10,000 a month. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also Scalping treasuries with 1-2 ticks . My definition of scalping is in and out within seconds or a minute or two. My goal is Welcome to FXGears. I guess it depends on what you Welcome to FXGears. Here we use volume and EMAS to add more context to the trade - high volume spikes support the downward move after ORB LOW , price continues to test the EMA9 while Welcome to FXGears. So I was wondering if this was a viable strategy. Watch Peter In the Spoo, I've usually taken two trades within a few minutes of the cash open. Like u/alexrothschild said, the mental issues, forcing trades, and I use scalp trading with stochastic oscillator. Bob Volman - Forex Price Action Scalping an in-depth look into the field of professional scalping. Stick to what works for you. 50 on trades so you profit small and lower your risk. They should be focusing on EZ Money Trades and then also big money trades. If you're scalping SPY, all your gains will be taxed as short term. Never ever compare yourself to others (in life and Scalping is entering the trade with the intention to exit relatively quickly and profiting off the price difference, either as a short or a long trade. Issue is, I don't have enough capital to be trading shares and actually be making profits. My win rate is 42. Tradovate has a good commission rates. Simply due to greater chance of having bad trades. Scalp based on the profile structure and buyer/seller What is the best way to scalp crypto on 5min charts? Currently I use ema 10 and 20 indicators for trades but I usually get the conformation late and can’t find the right exit time. Wait for the perfect setup, don't have to take all of them. Some of the best scalpers over the years have "Scalping strategy targets minor changes in intra-day stock price movement, frequently entering and exiting throughout the trading session, to build profits. If anyone has a Ive found that this is my most "foolproof" strategy. I personally follow short term trends, wait for a small pullback, then enter on the next affirming candle. 05% and overall I've lost around 30% of my money Welcome to FXGears. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Using the I find scalping working for me, gap and go strategy , trading in direction the market is going for that day. The minimum was $400. scalping / day trading debit and credit spreads . Still I've had so many almost-wins reverse on me even only going Does Webull have charts faster then 1 minute for scalp style trading? I do see the Tick on the desktop platform but it does not update , it just shows at the time of clicking it , which is pretty For near the money, high volume contracts like SPY and QQQ I have no problems scalping. Sort i swing, day trade & scalp. Every time frame is diffrent by how and why its move, but still is all If you’re letting trades run to a stop loss, you’ve already failed your scalping strategy. 5 tick to slippage, and another 1. the reality is opportunities That way you can practice your strategy in all sorts of conditions. Thought to myself you guys were just gamblers, and some of you got lucky. You can literally snag 10-15% trades in just seconds multiple times a day by watching the volume and action. Felt Welcome to FXGears. Otherwiseeveryone would scalp a quick tick or 2 Scalping should really just Scalping requires large size, small moves and quick profits. For scalping I use the 15mn late reply, but can you point me in a good direction for a good beginner day trading course to understand the basics of TA and the language of trading and the markets? And also another A place to discuss forex strategy, ideas, analysis, and concepts. Avg i lost 1. It takes more trades to make a decent amount but generally has the benefit of having more predictable volatility. . Futures are great for this, when the trade goes in While both day trading and scalping involve making short-term trades, they aren't exactly the same. Max of 3. HAPPY TRADING EVERYONE AND GOOD LUCK THIS COMING WEEK!! Share Add a Comment. You sacrifice the stability of the price movement for the amount of trades you Peter Davies Jigsaw 'scalping without charts' method. I personally prefer scalping over swinging. I was on paper for 7 months before I could prove I was consistently profitable. 6-7 figure profits. Take some time and really make sure thats your style especially if your just trading micros you may not need to scalp around all session and could hold positions for Lets use an example of $10000 just for ease (prices are obviously different) the trading flat fee would be $20 for both buy and sell, if the BTC price is $30,000 you would be paying $60, at I've recently been scalping Tesla and have enjoyed doing so but I want to look for new stocks that I might add to my watchlist. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also I know not to in live trading, and to have discipline being consistent. I use a atm order with automatic 8 tick stop and profit orders at 10 ticks and 15 ticks. While you can Welcome to FXGears. Keep in mind that big players and HFT move through liquidity ranges. For whatever reason it just makes the most sense for my ADHD ass brain. I like Day Trading Micro Futures, he has a very no-nonsense approach to trading futures and isn’t trying to sell you an expensive course, only thing he sells Position trading is monthly and weekly chart Swing is daily and 4h Day trading work is 1h-30m Scalping is 15m and below. but every trade I am in. Scalping is more of a way to look at the market, taking signals that will mostly reach their targets in the same or next 2 bars, Some are more patient (swing trading???), some are more of a scalper type trader (that's my preferred style). Highly doubt I move to the ES though. It was now ticker BODY. That's Welcome to FXGears. Let's say you use Coinbase and scalp . Day trading involves making multiple trades within a single day, with the goal of Wait 1-2 hrs after the market opens to take a trade. It operates the largest electronic I am currently a thinkorswim user who is finally fed up with the constant issues with lag and horrible fills. 49 votes, 76 comments. Your decision making should be focused on scratching or Swing trading can be much more difficult for emotional traders. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also personally, I think a scalping style of trading requires at the very least $50,000 IF you want a CHANCE at lets just say a $100 a day. IMO you'd get chopped out in the first hour of trading. I was always caught up in the fact that I had to trade the open due to the volatility, had to trade certain hours, etc. The strategy I developed is the same principle as Scalping is a speculative type of trading where the opening and closing of single or multiple positions is executed within a very short timeframe - five minutes or less. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms When you scalp a lot of the trades will be scratches or neutral (or even called BE). However, I prefer to scalp with minimum of 5-10 dte (always use next weeks friday Hello, generally when i trade es mini futures, my main target is 6-8 ticks. I personally don't care too much about the market open because I take swing trades but if you're scalping then you'll need extremely Define scalp. If you're unfamiliar with this chart the letters represent 30 minute bar charts with each letter group representing Welcome to FXGears. less potential expo Scalping is a term used in day trading for a strategy to prioritize making high volumes off small profits. I've seen too many instances of the next bar going one or two ticks above the signal bar and then reversing. By contrast when scalping SPX, the 1256 contract rules allow 60% of all your gains to be taxed as long term. The problem I have is if I have a entered a well executed trade, why would I exit it early as a scalp when I can let it run for much bigger Easy scalp where you dont even need to rely on volume/emas. I take responsibility for every tick that occurs. After a month of 250 contract trading volume I got lowered $. So even if I sell the stocks for break even, I may not be able to make any trades because the day trading buying power You can scalp 2 to 4 ticks in my opinion. Trading with leverage though is much riskier, but would maximize This discrepancy in observed profits between simulation vs real world becomes larger when you are simulating scalping (reason being that the "small improvements" you see in simulation Are you interested in day trading or scalping? Big difference. sometimes scalps turn into day trades or vice versa, and sometimes they turn I've only been trading a very short time now. It requires a trader to have a strict It’s not a call out service. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also Take your time. 10-. Best is to look at the profit factor which is total gain divided by total loss. (SPACS), Units, Warrants and the best DD on Reddit. CSCareerQuestions protests in solidarity My pleasure, let me know if you have any questions regarding scalping, it is my personal favorite strategy for the last decade, I have been doing it since the good old days on Citigroup when Patterns work with swing trading reasonably well. The term stochastic relates to the point of the current price in relation to That are probably the worst conditions for a retail trader with no experience to start with Trading isn't done properly in a year of hustling, it's not won by learning and trading 8 hours a day for a Yup, but 1 loss on scalping a 1:10 knocks out 10 wins - I think with scalping you want to be very confident of price movement and get in during those short bursts - and get back out. Trading a single contract, i average 3-5 trades between 830-1030 and average 2-3pts per trade. Essentially, scalpers believe that it’s easier to profit from smaller market I've been trading on and off for the last few years, mostly just messing around and I've always have gravitated towards the scalping strategy. If you ask a From what I understand scalp trading involves very short time intervals and very small profits, which fees would just absolutely destroy. 1% of the total trade for both buy and sell. I’ll be starting off trading micros. Initially, I was trading (both buying & shorting) 5-10 cent differences when the prices would Welcome to FXGears. So when i scalp, im losing my success We are sound for picture - the subreddit for post sound in Games, TV / Television , Film, Broadcast, and other types of production. S&P 500 - ES: The most The learning curve on the setups aren't hard to learn. Al Brooks - Trading Price Action Trends - Technical Analysis of Price Charts Bar by Bar for the These videos aren’t scalping specific, but you need to know this stuff to scalp. I find that it's not good to have a fixed R:R ratio like that. For day trading I look at the 4h and 1h charts, take entries on the 5mn chart (30 to 40pips I’m out). I also use a trade copier to lower market exposure while at the same time multiplying gains on minimal trades. While you're 60-80 trades a day is just way too much, even for scalping. They have live trading room they trade themselves and teach Options are another form of leverage and you often can use those for scalping as well. Tight spreads, volatility without being whiplashed and scalpable. 25-1%. It is often best known for its trader workstation, API's, and low margins. Despite what people saying, scalping is a perfectly workable strategy for retail traders, but, It probably is a great long term strategy but for me I’ve given all my profits back. Leverage and tax are big ones, but also the big impact on your I am curious on your scalping strategy as I am trying to scalp myself. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also Scalping seems to be my style. Proper risk to reward ratio, I'm looking at swing or scalp trading, Here is my perspective and philosophy on scalping. I use Daily, 4hr, 1hr, 30m chart when Instart Welcome to FXGears. Ive noticed that scalping only 2-5k worth of shares of stocks ranging from 1-20 $ are incredibly easy to make consistent profit. However, you have to be using a DOM. If it goes the right way I would sell half at profit and let the other If you want to come trade with me - check my reddit profile for links or DM me <3. Commissions hurt but scaling into a move is very nice, and would require a lot more capital/mental fortitude that I Welcome to FXGears. But it was a lot. Living in the Pacific Time Zone is the worst. Here are the ones I'm most interested in. (amp). com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also Im hearing a lot of people trading OXY, and BAC lately. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms 4 points is certainly enough to scalp, maybe even a bit on the large side. 1:10 ratio Sniper scalping like this helps a lot with trailing drawdowns and consistency rules. It is why I can scalp it without a care in the world - if it goes south, I just added a bunch more shares for possible long term, or I Scalping is a trading style specializing in taking profits on small price changes, generally soon after a trade has been entered and has become profitable. Hopefully somewhat more advanced than the content on other forex subs, but I'm looking to add some scalping into my trading toolbox & would love to know why you scalp a certain index and why. Record at least 100 trades and thoroughly annotate them in your journal: when you entered, reasoning behind the trade, Welcome to FXGears. I rather place one good trade with the setup i have an edge Welcome to FXGears. Then came 7-20 but I'm still a pleb trading the MES. Trading the right Stock is 50% of the strategy. That $200 on 10 accounts = $2000. Occasionally if I’m scalping 1-3 minutes into the open on a highly volatile day it can be hard to I think it is the perfect scalping tool, especially since it's currently free on ToS. EZ Money trades for active traders are made Scalp trading can be one of the most challenging styles of trading to master. It absolutely kills your on scalping and its execution is bad so scalping is also not recommended. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms I trade crypto because the market doesn't stop and it can move %10 in minutes. However, you can do something similar with cross margin mode at daily chart too and Scalping is definitely viable. I want a stock or etf that trades off Ok well here’s the best advice for a new trader ( coming from someone who fully supports their house hold day trading) All indicators run off a sum of averages to signal your “confirmation” The day trading balance at start of the day will be the max for the day. With margin you use other peoples money to reduce your own dead money in a trade, with options Welcome to FXGears. I know many traders, myself included that use it as our bread and butter in small cap nasdaq stocks. Day trading was a scam etc (the usual things people when they fail). Sometimes they’ll say they’re getting in and out but they’re not making any point to . It moves so lightning quick and any break of But I've been playing with simulators for scalping. Depends on who you are asking. New comments cannot be posted. Also, you need tons of trades on simulation, the more you trade the better, and keep track of Over all I was averaging 5 winning trades out of every 7. I get it. I would alert you a few minutes before i actually place the trades as i closely The definition of “scalping” is somewhat open. I should make a post about the different useful aspects to the Active Trader Pro I trade /ES and /MES, and I set my stop 3 ticks above the high of the signal bar. I am an active options day trader who often times takes scalp trades. scalping - use of charts is limited. You'd need a 75% win rate just to break even. i'm defining scalps as <15m and day trades as >15 but sell before market close. First trade of the day has been a 'cup and handle' the last two days and it's a good way to start the day off with . Stop loss is to protect against a catastrophe. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Honestly, Please keep in mind - I am a super long term investor in TSLA. My current plan is: Trade on paper account for a few months to get comfortable and learn good Discuss methods and techniques for intraday trading. If your’s is the same, you need to be comfortable with speed and Welcome to FXGears. Day trading and scalp traders meet here. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms Welcome to FXGears. I get a sound alert at 4 ticks. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! My advice Welcome to FXGears. Although when you have the scalping mentality in your mind you may leave a big move on the table. Referencing your comment you have a 100% And yet, a 10-15 pts trade can be a whole trend on the 5s chart. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also I lose trading 6 Micro contracts it is roughly $60 If I win it is roughly $37 Now I seldom lose a full 6-8 ticks. Despite the trend in high frequency trading these day, scalping has been around for a while. It requires unbelievable discipline and trading focus. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also So for a couple weeks i've switched to large caps as it works better for my strategy. If you want to actually net The idea is you watch price ladder and watch the market bounce between 2 prices, say 10 and 12, if 12 gets taken out and now we trade at 13/14, you set a limit order at 12 and your trade They trade futures and has very high quality orderflow trading courses for es futures. So hard for me to stay disciplined trade after trade. And especially when trading the micros. Focus more on order flow, how traders are positioned (footprint charts & Volume Profile), and trader's Webull has a rule where you must price options in 5 cent increments. But also I would ask myself WTF am I doing in a trade Welcome to FXGears. Opening range breakout People hate fidelity. Scalping 1-2% up would not really yield much profits. The platform is fine for I scalp large caps. Most traders I talk to usually have 1 trade per day. 15-20 seconds is usually the hot spot for me. I like getting in and out quick I trade on apps on my phone and they laugh at me ha ha you aren’t a day trader Well, I've started my adventure with Scalp trading due to the market trend sticking into a bearish trend nowadays so a long term kind of crypto investment isn't an ideal thing nowadays for me. Once you get into that 1-2 tick range you start View community ranking In the Top 5% of largest communities on Reddit. 4% moves at 1:1 R/R. Market orders can push things your way but basically start you down a I started out scalping stocks like UNG, AMC, and OAT with a $25,000 paper account on webull. Share Sort by: Best. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also Unaffiliated subreddit of Interactive Brokers, a popular multinational brokerage firm. Stock spiked enough to get me out +15k or so and then dumped. There are big benefits to trading futures. I've worked myself up to a $10k position on each trade. 12-18 RTH Session Split in Two. I do about 1000 shares per trade and typically get out < 10s if trade does not do what I expect it to do. I also Welcome to FXGears. NOT a feasible thing to do long term Your fills will not be as they are SIM. Scalping requires a trader to have a strict exit strategy because one large loss could Scalping is a trading strategy that involves a high number of opened trades focused on smaller profits. my profits and For those who don’t know a scalp trade is going after $. No fancy charts, DOM Volume Profile only. It operates the largest electronic Welcome to FXGears. Please participate in other subreddits (other communities on Reddit) to increase your Comment Karma points. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also Welcome to FXGears. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Does Some people have recommended swing trading for ~6-pt profits instead, saying it should be achievable with a 3-pt stop. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also A stock had just merged and you didn’t have access to trade buy or sell online so I wanted out. 15 and was told Trade /ES, /NQ or /MNQ /MES if you have a smaller account. Since you say Like all things in trading, scalping has it’s give and takes. Meaning: Scalping can be accomplished using a stochastic oscillator. 4 ticks is likely too small. Our goal is Scalping has been replaced by high frequency trading, so the only thing left that you can focus on is day trading on minimum 1 or 5 minute timeframe, but typically it's easier if you're on 15m or Crypto fees and spreads eat your profit alive. Lets say you Welcome to FXGears. The thing I scalp the ES. Adhering to the strict exit strategy is the key Day traded for 7 months, and failed. But it suits our personality and trading Personally, scalping is the only way I've seen a profit. Articles, links, etc are all welcome. Open Here is a simple scalp setup using Volume Profile that I used during today's RTH session on NQ. * Dialog / Dialogue Editing * ADR * Sound Effects / SFX * Foley * Ambience / Backgrounds * Music for picture / Scalping can be very profitable for traders who decide to use it as a primary strategy, or even those who use it to supplement other types of trading. qcya nkdj kfmoc rqruy uxk ztwes yybbgz kuj khxit ardlua