I took 8 trades today. Sounds like a lot, but they were all good trades, even though only 4 were wins. Not a single boneheaded play in there! I accept my performance–I didn’t bank coin like many others, but I traded well, so I won the battle with myself. I also [...]
I was down big in a hurry this morning as I tried to scalp a top in NVDA 4 times. That was incredibly dumb. Two times should be enough to teach me a lesson, but four? I also had some bad luck with dummy longs in NVDA and EXM that gave me [...]
On Wallstreak yesterday, there was some discussion about whether scalping short in the StreetSmack method is just attempting to call the top in a move. There are an infinite number of potential tops in a move, but only one true top. Your odds of getting it exactly right are slim. Better to [...]
I spent a lot of the morning throwing money away. I got no love from CAL as I tried to short it 7 times from around 31 and it never moved. We had a big expanse to cross, and on a day with normal volatility in CAL we should have hit 30 easy, [...]
The long awaited Q&A document summarizing Wallstreak user StreetSmack’s method of scalping short is here!
BEWARE DANGER CAUTION
You can really lose money fast using this method! This way of trading is dangerous, and could even be called “Wombat Crazy”, and is therefore not recommended for anyone. Trade this way at your own risk!!
Click here [...]
In looking over my charts from the last few days, I’ve come up with some more thoughts about StreetSmack-style short scalps.
What To Avoid
In my very limited experience, I typically watch a very short timeframe on these scalps, on the order of a few minutes. I’ve noticed that if there’s a lot of volume or [...]
3 days watching Streetsmack scalp was all I could take before giving it a shot myself.
ANDE (example I saw but didn’t trade):
ATAC:
Most days I trade part-time when I get the chance from work. Today I had the day off and nothing else to do, so I traded my first full-time day as a prop trader.
It was the hardest I’ve worked in years!! I placed 39 different transactions through a web-based interface, all from a [...]
I just coded my new trading rules for short scalps into a set of paintbars, and looked at the charts for many of the names called out today on Wallstreak by StreetSmack. A gray arrow above the candle means that momentum is slowing, so get ready. A red arrow means that a new [...]
I was only able to trade this afternoon from about 2-4 ET. I tried my hand at some more StreetSmack short scalps. I was unprepared for the position sizing and it caused me a lot of problems! You have to scale in small, with the possibility of a lot of
slippage should [...]