Question about first steps to take

[DichaelMugless]

Thank you all for taking the time to respond.

 

[birdman]

If I was to do it all over again, skip the scalping which took me a good 14 years to get it down

Handle - If i recall correctly, you have said that you most often scalp for 2 or 3 cents. Let me ask ... on those trades, what is your risk / reward ratio? Or said another way, if you have a 3 cent target, where is your stop? Thank you sir!

 

[birdman]

@ Handle ... here we are. I found your comment, where you say ... "First couple hours of day session, 4 ticks just too tight, some entries can work well on it, but same entry might go 6-7 ticks and turn around and become a profitable trade whereas one is on sidelines with more to recover."

First 90 minutes is plenty for me.

 

[cornerstone]

Hi. Asking for a friend, what is the fastest way for a 30 year old middle school drop out to make a career out of trading? What is the best way? Ideally would like to daytrade index ETFs (IWM,QQQ,SPY) on a 10 minute time frame and bring in a consistent 2-4% monthly.Is this impossible? Any suggestions appreciated. Thanks

Any person need to find what works for him. Because of that it probably will not be a 'fast way'... I recommend starting in learnin TA and the psychology of trading. Then to learn price action. You should check out Bookmap. It's a good tool to learn about price action and the ways big hands works in the markets.