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I think we have all been there and done that, to some degree. It can be disheartening. That is why I strongly suggest a trader start small and do it all on a sim first many, many times (not just a few times but 100's of time maybe 1000's of times). A trader has to give himself time to learn...

Here is how I scalp grabbing profits and just don't worry about what happens afterwards. Three trades this morning. All winners. I give my rationale or thinking for each trade so you can see what I am thinking and why I took the trade. These ended up being multiple points gained. See this kind...

You are welcome.

In my chart above. Long entries are green colored. Long exits are orange colored. Short entries are red colored. Short exits are blue color.

For those interested here is an example of 5 scalps this afternoon to illustrate trading small and starting SMALL. 1 loser and 4 winners. IMO this is how beginners should scalp, if they even scalp at all. Start small. Start too big and a beginner will lose his shirt..socks..and pants! Because...

Unfortunately trading can never be exact. There are too many variables (known and even those that are unknowable) that can and everyday take place. Trading is more an art that fits the personality of the trader. For example; I am a scalper of 1 to 8 points in ES over and over all session long...

So you are entering long and short on stop orders after market is moving in your direction. That is too taught by brooks. Which I do at times also. Nevertheless, the context in which that is done is as important as the actual doing of it. Likewise when buying below bars and selling above bars...

LOL uh oh wrong button pushed.

The concept of market inertia (that price tends to keep doing what it is doing at least for a little while longer) is the element that has a directional predictive value about it when is combined cognizance of the overall context that is being created and played out by the institutions. Their...

Linda Rascke once said years ago that: “the best indicator of price is price itself.” Chew abit on that one.

One of the brokers I use is AMP. However for AMP I use Sierra Chart for charting instead of a platform provided by AMP. My trades on Sierra chart and DOM go to AMP and are routed through Teton to exchange. Data feed: is Denali Data Exchange Feed. It all works seamlessly once set up. Of course...

As a scalper I have preached over and over on ET. Grab those profits! You can simply get back in if price continues in your favor. Too often we try to hold on for more (greed kicking in) and price goes right back to our entry the doesn’t recover or takes way too long to recover and can even...

Most all my scalps are high initial risk and low reward. But as the trade develops often that changes and it ends up not getting very close to my initial SL. So my actual SL ends up flipping everything and the trade ends up being high reward low risk.

It is a coin flip.

I think I might be voting for the convicted felon.

not as dangerous as a dull knife.

Probably means a raging bull market to come lol.

You nailed it!

Mr T can fix it.

I generally go for 1 to 8 points on each trade. And try to do so on each contract in a trade that has multiple entries. Sometimes I get out at BE on my initial entry and profitable on my last two entries. Sometimes I even lose on my first entry a small amount but make money on my last two...