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We cannot know everything but we can learn to detect bullish and bearish pressures at work. Institutions cannot hide entirely what they do as it shows up in the charts. Institutions move the market. We can’t know why they do what they did in the sense of their “reason” for doing it but we can...

Yes that is a part of the “why”. And one of the reasons for asking “why”. However, many times we do nothing but the market still “does”. It will always “do” whether we do or not. We must try to understand why it did what it did regardless of what we do or don’t do. It is part of learning to...

Arrogant or humble? The market has no sense of who you are or what you are, nor your psychological state. It knows not whether you are humble or arrogant. The market is not out to “get you”. You can be humble and get rich. You can be humble and get broke. You can be arrogant and get rich or you...

Pay attention to details. In winning trades AND losing trades. WHY did they turn out that way? Search for an answer. You may not find out exactly “the WHY” every time but you can learn many things that can be useful for future trades. Especially for intraday day traders. Print out the entire...

Discipline, in the long run, is fodder for champions. Without it a lucky champion will soon run out of luck. Think of olympic champions that were great but lacked discipline and soon were no longer champions.

Discipline is doing WHAT needs to be done, WHEN it needs to be done, HOW it needs to be done, through paying attention to DETAIL, and doing whether you “FEEL” like it or not.

If you research it out I think that you will find quite a few professional traders average down. As alluded to by Sekiyo it is their “modus operandi” for building their position. Some traders scale in adding to their position as price moves in their favor. That too can work but can also create a...

That is good you respect overnight. Have you learned anything from him that is useful in your trading?

As far as taking a big loss. On a scaled in position if I see it is wrong I will exit quickly and often go doubled up position size in the right direction and get back my loss quickly. However, that too is dependent on the context of PA and momentum (as this is scalping remember) because I may...

As with anything you have to know “when” to scale in. Not every trade is conducive to scaling into a losing position. Sometimes it is best to take the SL and even exit before the SL is hit. A trader has to really learn how the market probes back and forth, see that happening, and know how to...

Show me the chart with your initial entries and scaling in. I have no idea why you decided to average down.

LOL My ass is still there and last time I checked! I have my reasons for “going silent” as you called it.

Trading is hard becase it takes quite awhile to learn how to trade in the midst of uncertainty. We (us retail traders and all traders including institutional traders..HFTs ...hedge funds…etc) can never have all the data beforehand because there are too many unknown factors, in fact some are...

That is ok too, however “better” is relative to a traders situation. A trader with less money to play with might want to look at the concept of averaging down in terms of minute by minute probing in the markets. There again it is not a case of not willing to be wrong but a case of being...

The only reason for scaling into a losing position or even martingaling into a losing position is to put more probabilities back into ones favor that the trade will be a winning exit as opposed to a losing exit. It is counter intuitive. It is capitalizing on the markets tendency to probe all...

No nothing to do with averaging down. Has to do with more trading opportunities. More opportunities to make $$$$. In short-term trading the tactic that renders more probability par excellence is scaling into a losing position or averaging down (less palatable term but actually just pure...

Opportunities for making $ 1 min chart…$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ 5 min chart…$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ Day chart….$$$$$$ Weekly chart….$$$$ Monthly ..$

ROFLMAO

Doesn’t matter if one is a long term trader or a scalper. Every tick happens for a reason. There is no noise. It is just that a scalper takes advantage of tick moves more often than a longer term trader who takes trades on many accumulated ticks. Noise is a myth. The market moves only because an...

No noise just movement. Noise is a myth. Many believe in it. I don’t. Most all movement is trade-able as a scalper. IMO.