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In trading an “edge” is a mathematical advantage. It basically means that if a trader takes enough trades of a certain type that he will, over a period of time, he will be profitable. Traders have to learn to structure their trades in ways that give them an edge; a mathematical advantage, if...

In trading an “edge” is a mathematical advantage. It basically means that if a trader takes enough trades of a certain type that he will, over a period of time, he will be profitable. Traders have to learn to structure their trades in ways that give them an edge; a mathematical advantage, if...

I only trade the eminis (Mostly ES) and micros like MES. It has been years since I traded stocks.

ok

That is fine with me I’ll jump in with them and then average down when they jump out and then I jump out on restest of the low or high depending on whether the trend is up or down. So, they are happy following my strategy and front running me and I am happier cause they pushed the market for me...

I would hope that would be the case. All things would work better and smoother. If everyone shorts when I short then that only helps my case. If everyone goes long when I go long then that helps my long case. What I fear is if everyone trades against me. Then I got to exit with a loss ..double...

ah but my def of scalping is nontraditional. My opportunity to get out at a profit dampened? LOL. to the contrary it has offered me an opportunity for more profit by averaging down. My exit is not predicated upon my broker front running me on entries and exits. What he does is of no concern of...

Ok that is good. I have to run. Other things to do.

I scalp not accumulate massive positions. If I were accumulating massive positions obviously I would not advertise it until I had my position on as I would be pushing price up against myself and having to pay higher prices as I accumulated. Now once I got my position on ...well ....a little...

It doesn’t matter. If he front runs me and places before I do I will see it on the chart. Price will move even quicker in the direction I am anticipating. It will show up. The chart doesn’t lie. So, I would be happy to follow his trade (or whoever's trade it might be). If he places the trade...

I start shortIng in ranges in the top 1/3 if the larger context supports doing so. And often average down as price moves against me to the top of the range. A range is defined as 20 bars sideways. Sometime I cheat and start a little sooner on say 16th or 17th bar and call it a range IF ONGOING...

Have you looked at my journal? I have been spilling the beans right and left! LOL

I fear not he who would copy my trades. I welcome it. My trades will then be more precise, with more liquidity, work faster and better. Rather I fear he who counter trades my trades. For he who fades me may well take my $$ if he can trade size or get enough johnny’s to join him. Please do...

Peter, I thought it was an excellent video. I was able to clearly relate it to basically any type of skill development and in particular to developing trading skills. Well done!

Win rate. Reward to Risk. Average win vs average loss...etc All concepts to consider. But consider this: Take the concept of Reward to Risk. By itself it is meaningless. Unless probability is thrown into the mixture; Reward to Risk really has no useful function. To say, I only take 3:1...

No I don’t do options LOL.

I draw a lot of lines. I can never tell which line price will react to but Price ALWAYS reacts to some line whether it be support or resistance. Right price is trading in a bull channel and in a nested triangle at the Apex so it is in the BO mode. It simple cannot stay at the Apex. I will...

And a fifth trade averaging down long. Another winner. Purple horizontal line was my initial entry level follow it to the left end you see the green triangle entry. The lower green triangles were additional averaging down entries. The righthand side red triangle is my exit of all contracts at...

Actually in recent volatile markets I raised that to 12 points. I know it is different than how most define scalping but that is how I define it. I also call it "manual HFT trading." I trade off 5 minute charts and occasionally maybe off a 15 minute. It is rare but I will sometimes fine tune an...