I don’t trade the open… it’s too volatile for my tastes. But, I will scalp moves that look obvious enough. This morning, I scalped NYSE Group (NYSE: NYX)’s dip below round number 92. It was on my alert list thanks to highchartpatterns.com’s service. Because of the way they track performance, they will log it as a loss, but this happy customer made 0.4 R in 10 seconds on it.
One-minute chart:
In at 91.96 (9:41:11), out most of my shares at 91.71 (9:41:21), and a few shares at 91.90.
| Stocks Mentioned In This Article | |
|---|---|
| Stock | Links |
| NYX |  |  |  |
January 4th, 2007 at 8:46 am
Good morning.
:)
January 4th, 2007 at 3:42 pm
Your 0.4R came much faster and with less stress than mine did today. Good job! Do you like scalping more than other trade styles?
January 4th, 2007 at 3:46 pm
yeah, I do like to take tiny scalps because my money is not at risk of being caught up in a market turn (like, say the Fed one from yesterday!) But, I can’t live off them alone, unless I start trying to do 99 a day like JC does. So, I have to fit in normal trades when I can find them.