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scalper on steroid

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Everything posted by scalper on steroid

  1. Simply get the screen recorder software like camtasia or ZD soft. Record the trade that you made in the simulator mode. You can record whatever you like while you are trading, i.e chart with indicators,time and sales,etc. I learned from Nihabaashi, who recorded every single trade for every single day. That alone, is the cornerstone of my trading to profitability. The same thing will happened again and again. I can't remember every hammer that I took, every shooting stars that I shorted. That's when the experience needed got shorten. Actually I'm a newbie and started like everybody. Read every thread, copy every strategy. And my search of excellence bring me to Dr Brett Steenbarger's book. Talking about your strength and focus on it. How do I know my strength if I dont look at myself when I'm trading? The best way is to replay and take note of how stupid I was for didnt take this trade and from there, take note, if this signal appears, I will take it. I have focused so much on other people's methodology and ignoring my strength and weaknesses. From there, I will drop whatever indicators that I dont use, focusing on what works for me. That's how I made it, focusing on myself rather than focusing on other person's method. Just get the idea from experience traders and try it on your own. Others find MACD very useful, but not me. But I knew myself. This has helped me. I dont want to say how long does it takes becoz its really short. Everybody starts like this and when you finally got there, the only advice that you can give is simply that everybody can make it if he really wants it. No secret.
  2. It may take a few years to master that's what I heard. The idea is simple. Record your trade and replay it until you get it. A trader with 2 years of experience and a newbie who review every single trade that he made consistently until he got the mistake and do it for 3 months, will get the same experience. We are lucky to have the tools. Just the will to make it.
  3. I can't emphasize how important it is to record your trade. That is the cornerstone of making profit. From there, review your trade and find the market that suits you well. Your style. I'm a scalper making 250 to 350 trades per contract, trading 3 hour a day. Trading Dax. With 60-65% winners,there's where I make living. I have a friend who can't scalp like me,cannot trade the contract I trade and yet, still make living from trading. The key is simple. Find something that suits you. Get the sense of confidence from the simulator. Keep a proper journal on your ideas and then you can go live. Believe me,it doesn't take long. Many way to make living from trading. Find your own way, and you will be glad you did.
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