advice on day trading strategies

B

burntem

recently took a job with a prop trading firm and realize they are merely sacalpers. For the guys whom have low commisions this is not a problem for a newcomer like me I prefer not to churn these stocks with the hope of receiving pittance after commisions are paid. I would like to know some strategies for longer term "day strategies" I can't hold overnight positions. any help...please I feel like the way I am being taught is making the firm money without helping fatten my wallet especially the way the market is now. The guys I work alongside are good traders but they only know how to scalp. I want more. Thanks.
 
Quote from burntem:

recently took a job with a prop trading firm and realize they are merely sacalpers. For the guys whom have low commisions this is not a problem for a newcomer like me I prefer not to churn these stocks with the hope of receiving pittance after commisions are paid. I would like to know some strategies for longer term "day strategies" I can't hold overnight positions. any help...please I feel like the way I am being taught is making the firm money without helping fatten my wallet especially the way the market is now. The guys I work alongside are good traders but they only know how to scalp. I want more. Thanks.
More...

Burn.....

Do you feel that you have a firm understanding of S/R and what to do when S/R fails? (Not something one learns overnight; believe me.)
 
Quote from burntem:

and realize they are merely sacalpers.
More...


Whilst your'e merely a twat then

Until you've cut your teeth, young man, I would consider engaging brain before fingers.
 
Quote from burntem:

recently took a job with a prop trading firm and realize they are merely sacalpers...
More...

Why did you pick them over others if their trading philosophy didn't match what you want to do ???

More importantly, if your going to stay there using a different trading style in comparison to those at the prop firm...

Why stay there ???

Tough learning situation your in because you don't have that in person learning environment (unless you decide to scalp)...

Forced to get help outside your prop firm as you as you are doing now.

NihabaAshi
 
You must log in or register to reply here.
Back
Top