I almost didn’t trade today (was only watching the markets in the late afternoon), but I did find a tiny last-minute scalp to take. It was a winner, but not much of one.
In the video, I talk a bit about the way this scalp set up, and how I chose my entry. This illustrates an important concept of very short-term market dynamics, that is also a big part of my scalping edge. Hopefully this helps people time their entries better if they are wanting to give scalping a try.
The trade was on American Airlines (NYSE: AMR). I noticed that airlines in general were doing good volume today, so I decided to focus on them with the time I had left.
| Stocks Mentioned In This Article | |
|---|---|
| Stock | Links |
| AMR |  |  |  |
September 6th, 2007 at 4:28 pm
Richard,
I just want to compliment the way you start the videos with the voice over typing… it’s as good as Mr. Rodgers entering his house and flipping his shoe from one hand to the other.
Okay, time to go drink vodka and set my penis on fire (again).
-DT
September 6th, 2007 at 5:37 pm
Thanks. I hope it’s not too annoying for people that just want to get to the trades every day, but I do think it helps first-time watchers understand what the videos are about.
September 7th, 2007 at 10:12 am
No, it definitely helps. The first time I visited this site I was expecting some porn… then I was like, “Oh, this is a stock trading blog!” But it took a few times before it really sunk in.
-DT