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Old 09-24-2007, 09:17 PM
BillyG. BillyG. is offline
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Re: Scalping Technique???

Hello brownsfan019;
>>1) What are you planning to trade? Stocks, options, futures, forex?
Right now I'm leaning toward Stocks with high volume, high volatility. So I will be looking at a program to pick those most active at the open.
>>2) How are you planning to trade? A few trades per day or many more?
That will be based on how fast I learn to be profitable. 1-2/day to start with tight stops.
>>3) What style of trading will you be using? With trend, against trend, pivots, market profile, candles, etc. etc.
I don't know how to answer this question. With trend or against trend sounds too long for me; pivots maybe; market profile not sure; candles yes for charts. Lets say if it looks like its headed up or down I'm in for a quick 1/4 point or more, long or short. I would like to base support for direction with pre-trade chart formations or a platform if its available. All I am aware of right now is Level 2 but don't know if that will be as effective as say something newer.
Thanks for helping; Billy

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