Scalping reddit strategy

Scalping reddit strategy. Trading the right Stock is 50% of the strategy. (Just US stock markets, not forex or futures at this moment. Welcome to FXGears. Edit: id like to add that a 50% win rate is quite low for a scalping strategy… it should be up around 70-90%, at least in small cap nasdaqs, i dont know about futures. The ES is one of the most popular trading vehicles in the world, so scalping it is also common. Scalping strategies require traders to closely monitor the trading station and to open/close a large number of positions. I want to learn some 5 minute strategies because they’d allow me to be in trade longer. Aug 2, 2023 · Scalping trading is a popular and dynamic trading strategy in the financial markets. also 13 50 moving average cross over is one of my entry rules. I am a couple weeks in using this strategy and becoming increasingly profitable. strategy works for nasdaq 100 as I am back testing scalping Crypto strategies at the moment, but they look promising. Jan 8, 2024 · Traders are either scalping in the same direction (a trend-following approach) or in the opposing direction (a contrarian approach). I would suggest books from respectable traders and not some wannabee traders who rehash same old strategies that you can find within 1 min with a google search. r/scalping: The home for discussion of stock and futures scalping. For scalping you dont use trailing stops at all. 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. 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 online! ---- /r/Forex is the official subreddit of FXGears. See full list on tradingsim. Unlike other trading styles, where positions are held for more extended periods, scalpers aim to capitalize on short-term price fluctuations. 1. Trail stop on that entry strategy cuts my profits in half compared to a limit close at the point that historical data says I need to get out. FUTURES/OPTIONS/CRYPTO TRADERS WELCOME! Don't follow some random YouTube videos on scalping they are pretty much all garbage. Scalping Trading Strategies. Scalping doesn't mean take a huge position that will eat your account alive. I saw a lot of recommendations about resources but I was wishing not to waste any time learning stuff that I might not need for creating a Welcome to FXGears. For about a year now I have been trying to find a scalping strategy (1 minute or 5 minute) that has a high win rate and at the same time also provides at least 2-3 trading opportunities in a forex major pair every day. Ill definitely check back in, in 3months regardless of obvious sarcasm. A Lot Of People Keep Questioning / Putting Down My Strategies Since My First Thread. Scalping is more likely to be done watching a DOM so that you can literally watch the ranges being bounced around. But I feel like the 5m chart is too slow in the morning when there is a lot of volatility. Scalping requires large size, small moves and quick profits. You need to understand trading as a whole. But The Truth is Only You Know The In And Out Of Your Strategies. I've worked myself up to a $10k position on each trade. Scalpers may be high-frequency traders who enter and exit several Jun 13, 2024 · Scalping is a term used in day trading for a strategy to prioritize making high volumes off small profits. At least 2 times a day there will be a broad squeeze available for scalping timeframe players to participate in (intense move with strong deltas and without pullbacks). A community to discuss Affiliate marketing (AM,) paid traffic, SEO, email marketing, and more - has now been disabled indefinitely in solidarity with the current Reddit blackout to protest the new rules and regulations by Reddit CEO /spez. com, a trading forum run by professional traders. That is just one example, where I've had the best results. All I need is $. You gotta find a method that suits your personality, it sounds like you’re more of a longer hold type of trader so use those strategies for yourself instead. Traders generally build their scalping strategies on a 1-minute chart to a maximum of 15 Welcome to FXGears. Personally, I prefer the NQ for the volatility. 7M subscribers in the Daytrading community. Daytrading futures, forex, stocks, etc. Scalping requires a trader to have a strict exit strategy because one large loss could May 16, 2023 · Scalping is a popular trading strategy that involves buying or shorting assets and exiting after a few minutes at a loss or a profit. Is it easy? That depends entirely on you and how you manage risk. Scalping looks very good for the Crypto market at the moment and I would just be taking really small price movements to make gains as often as possible using Webull. The results are getting better as Im getting more used to the strategy and isolating specific stocks which Im more familiar with. For example squeezes and flushes are way more identifiable on the 1m chart so usually I make a plan using the 1m chart. Candlestick patterns But I am beyond horrible at automating that strategy, so what my human-not-at-keyboard script looks for is super high probability 2 and 3 point reversal patterns. Swing Trading is an investment strategy generally characterized by a short time horizon, emphasis on stock momentum, and monitoring both an underlying's fundamentals and technical analysis. Keep Refine It And You Will Find Your Edge In The Market. I have been scalping s & p 500 and us30 basically using the same strategy, i use the 15 minutes and look for breakouts at the first 2 hours of opening of the market. It involves making rapid trades with the intention of profiting from small price movements. Scalping is quick profit. i use the daily pivots points to determine target profit exit and stop loss levels. . Opening range breakout or high of day break is what I usually play. Look up for example "round number scalping strategy" its easy basically when prize is getting close to some round number like 100 there usually is quick prize move and you can capitalize on it. Though there might be some strategy examples when higher timeframes may be used to define a trend. Gives a chance to know what levels are solid and tradeable for 5-60 seconds. I'd define a mid/high variance strategy as one that is, lets say, proven to give 3% monthly return over multiple years. Even the big boys understand the market is not predictable beyond 5 minutes. I Have Made Over 300K Scalping On TOS Since May 2020 (Little More On My Other Broker). 50c and I set my stop at that level that way I lock in my daily goal. com Apr 10, 2024 · Scalping is a short-term trading strategy that seeks to profit from small price movements in stocks throughout the day. ) Hello fellow traders, I am looking into start making algo scalp trading in attempts to implement my scalping strategy. Scalping is 90% accurate with a win/loss of 1:3 or maybe even more like 1:5. Sizing those up and executing these perfectly is the main focus. The strategy differs from others where traders hold trades for hours, days, or even weeks. The best way to scalp is to use the higher time frame for analysis, take position sizes that will not cripple your account, following your strategy and stop loss and take profit placement. If the strategy still has 3 month or more breakeven stretches maybe once a year or once every other year then it's mid/high variance in my book. Trade crypto until I have an account worth $25K. My current plan is: Trade on paper account for a few months to get comfortable and learn good fundamentals. When talking about scalping, the strategies are mostly applied to 1-Minute charts of the instruments. I dont scalp much so thats all i can know Here's a better question: is scalping in any form a reliable strategy? Yes, there are plenty of people who do it. Start trading stocks. riipmelw kzpo ashdw nvasa nzbksb vlqsv pgptj alvpx fmone eilfoxs