[Soultrader]

Hi BillyG,

As a starting intraday trader, scalping is the last skill you want to master as this is an advanced level of trading and will surely wipe out your account. Like brownsfan mentioned there is no holy grail in trading. Relying on a system or indicator is a good way to follow a program and never learn how to trade. In order to trade successfully you must treat your trading like a self-owned business. You will need to determine which market you are going to trade, which market will fit your personality, your style of trading, your amount of risk capital, risk per trade, etc...

Think in terms of strategy, strategy, and strategy. Study price and volume. Remember you never need to stay in the markets constantly. Grabbing one intraday swing a day is enough to live off day trading. So practice capturing these intraday swings as if they are your bread and butter. In other words, start by being a intraday positition trader.

Learning to trade takes time.... I think it takes as long as going to a 4 year university. Tuition? Depending on how reckless one is... it could be cheaper or alot more expensive. Good luck Billy and post any questions you may have. There are plenty of good people here.