give me simple day trading method that works?

I don't use any of those methods. I have something different going on. I will vouch for open range breakout though. It gives you an edge, and with strict money management, you could make a go of it.


Yes, trading in the pits is different than trading in front of a computer...



:confused:


EDIT: oh, and I pay somewhere around $4.35 per roundtrip. It varies.
 
Quote from wrbtrader:

Trading is a real job just as much as it is for someone else that's self-employed working from home or with a small office in some building. Just like others...most fail in remaining self-employed and forced to get a job working for others.

However, trading is probably too easily accessible in comparison to other self-employ professions.

Mark
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This is right on the money

People can start trading with just a few hundred dollars... no experience, skill or knowledge required to call yourself a trader

It is little surprise to me that most of what I read on the internet is of people loosing money
 
Only when you create your own system with it's own little nicknames for setups will you be able to make incredible amounts of money as a trader

Suckers try to trade using others' methods

Trading icons create our own techniques
 
goodness sake, don't get lazy, learn to trade the proper way.

If, like me you want to trade retail FX, learn to swing trade via trend following and price action. Day trading FX is a mugs game,unless you're part of the elite interbank circle.

If you WANT to day trade/scalp, don't go FX, i know an insanely successful scalper, just watch some emini contract, a plain price chart with time and sales, Scalping takes a lot of time, and a lot of time to learn, you will have to be glued 12 hours a day for at least 6 months before you're any good.

Do it
 
Hi!

I am a scalp trader, I trade the YM, only 2 hours per day to trade, because I have another activity, I am an insurance broker too.

I use the 15m and the 30m breakout technique, with 3m charts as my principal chart, advance declines, ticks, stochastics, and in another monitor I have the 15m and the 60m charts with stochastics and 2 moving averages: 5 and 20.

I don´t use more than 20 points stop, and sometimes only 10.

First target 10 points, second target 20 points or trail.

For example today worked great with the down trend.

Shorted 12231, 1 tick below the 15 minute opening range, only 10 points stop, first target 12221, second target 12201, support that didn´t worked but was a great target.

Result: +10 +30 = +40 DFD done for the day! $ 200

I do this scalp trade everyday, and works so far! I only have to add more contracts and I can make a living.

Is simple, and is a set up that allows me to trade in the morning, when I can trade.
 
Quote from FrankSlaughtery:

i'm disappointed no one has mentioned lenny dykstra. he has NEVER had a losing trade. since i've been following his advice i haven't either. their is just the matter of one open position that he kept telling me to double down on until the underlying reaches my $1 gain on a $100 stock. the current size of the position is 10,456,439,560 calls.
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funniest post ever
 
Quote from bigspeculate:

what's a R10?
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