A few weeks ago, I had a short put position on at Tastyworks. I stalked the exit and patiently waited for the expert time to close. And, then I was able to read a slight change in the tape and knew it was time to take profits. But, when I went to close the position, […]
Continue readingGraybox Trading , Trader's Mindset
What’s required to master single market scalping? A lot: a whole lot. Before you start, you should know it is the most difficult form of trading to master and requires the development of specialized skills. While not sharing any specific tricks, I will explain what you must develop below. First, you must have the ability […]
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The basic variables that are important to understand for scalping are the R or return/risk, your win ratio or consistency, and the number of trades or opportunities you get per day. Let us start with some hypothetical, imagine you have a low R scalping method but can find many trades per day. The benefit is […]
Continue readingMany traders long for yesteryear as markets are perceived to become more difficult to trade over time. However, I really do think now may be the best time to be a retail trader ever. Read on to learn learn why the futures and equities landscape has never look better for the retail trader. First for […]
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In a previous post, I shared that a primary key to discretionary scalping was to keep your size down. Many traders make the mistake of thinking that you have to trade multiple contracts. But, for scalping, consistency must be the first goal and it is more important then sizing. Until you have consistency, you don’t […]
Continue readingTonight, I was scalping MES when we went lock limit down. I thought I would share how it worked: because it the first time I had seen it in real-time. At the lock limit down price, there were about 300 contracts bid. Most of those were took out and we got a little bounce. It […]
Continue readingToday, largely driven by Robinhood’s commission free stock trading and their disruption: brokers are in a battle like never before to win customers and survive. Many of the top brokers offer commission free stock trading today. Recently, I have been evaluating several of the biggest brokerages for their stock, options, and futures trading. Read on […]
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Do you you want to know the secrets to scalping futures with discretion during these volatile markets? Read on to learn what I have learned scalping today’s market. The biggest secret to scalping futures in the current volatile market is to size way down. If you are not seriously consistent then you are better off […]
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