I took two stabs at breakouts this morning for two losses, and decided to call it a day. I really should have tried to make the losses back on my scalping chart, but … I just wasn’t feeling it today. I think that’s important for traders: be aware of yourself, and when you just don’t feel like trading, don’t force it.
Also the extremely small morning range (despite news and decent volume) disturbed me. I started to think it may be best to wait until after the 4th to trade again. Not sure what I’ll do tomorrow.
Hope your day was more profitable than mine!
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Richard,
Early this year when I hung out in the EOT room I found that most of their trades were in the 3 point range. Your ’scalp’ trades seem to be multiple points. I’m curious what your definition of scalping is. Is it just taking your regular trades on a smaller timeframe, regardless of profit levels?
my scalping technique is for 2 to 6 ticks. It operates on the 233 share bar chart of ES against our 1-minute rolling vwap. I have other styles in play for points at a time, so I think you have them confused.
Anybody home?
http://youtube.com/watch?v=BcQ7RkyBoBc
Richard, this is a gift to a techie type…hope you enjoy, your site is always excellent.
Thanks.
@Zoomie: yeah, just busy. Too bad the top post is about losing money!
@abc: I saw this the other day on Eyal’s site… it was hilarious!