T-REX Journal - "Scalping 101"

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I'm not even trading yet, and I'm still in the process of learning the lingo. so some of the terms your using are a little are unfamiliar to me, but don't change anything, I like the challenge of deciphering posts. I'm learning, but I still feel like a contestant on the price is right trying compete with jepardy champions :)

thanks for all the help T-Rex
 
Quote from mmm:

Thanks T-Rex.

Can you a suggest a stop loss as well?

I know you said it's an individual sort of thing, but I would be interested in hearing your thoughs on stops.

Thanks.

-- M
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Here is a suggestion on stoplosses.

1.25 - 3.00 pts stoploss on 1min & 5min bars
7.25+ pts stoploss on swing trades on daily bars.

Thank you

T-REX
 
Quote from porgie:

My broker says trade when the market hands you a gift, such as today was.
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There is more to life than trading.
If you traded and made money though- good for you.:)

Thank you

T-REX

Happy new year
 
Quote from T-REX:

The 60min Chart should have clued you in that the intraday trend was about to reverse.:)
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Since all of this face-saving is being done in hindsight, in what way should the 60m chart have clued anyone in that the intraday trend was about to reverse?
 
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