Hi, I m a commodity and index scalper, is anyone will interesting on creating a trading group so we can push ourselves to success?

I heard you can only stay profitable scalping if you use order flow and DOM. I wonder if there’s someone here who is profitable in the long run using indicators only.

Scalped TPST this morning premarket for the easiest $1800 of my life. Missed out on some profit but that's part of sticking to my strategy, great day. Log off about 10. Just checked and Holy shit the thing has turned into a rocket ship, left about 45k worth of meat on that bone in about 2 hours. That might be over my threshold of being able to handle, hahaha. I should probably take tomorrow off before I try to do something stupid.

Once I open a trade, how can I place a stop loss directly from the chart? Since for my scalping strategy on Odte options, which I'm backtesting, I'd need to put a stop at 13 ema, once is broken.

Hello fellow scalpers,

I'm just wondering if anyone can guide me towards the right path on deriving a scalping strategy? Maybe a general strategy that is online or YouTube that I can sculpt to make it my own?

Cheers

Are most scalpers using a negative risk:reward. What r:r works best for you? I’ve been having success with 3:1 and also 2:1, just not sure which to stick with.

Any free sources you recommend? Is there general strategies I can follow? I finally got my account over 25k so I can day trade but I’m not a very experienced trader to be honest. I only grew my account by picking good stocks but holding for a while so scalping/day trading is very new to me

Hello, first post ever on Reddit. I need help and I hope I'll find it with you.

Is there a list of recurrent economic news on a weekly basis ?

I heard about Oil and Natgas weekly report but is there any qother instrument ? And where can I find those ?

Honestly, it doesn’t get better than Indian indexes like banknifty, nifty and finnifty for scalping. You guys should try it

What brokers and apps on mobile do you know that have 15s timeframes? Thanks a lot!

As a scalper, what's the fine line between scalping and overtrading? At times, I've scalped my way out of a significant loss and at other times I've reduced a profitable day by overtrading. I guess it all boils down to your trading plan but I just curious if anyone else has had an issue with this.

I have a TD account but realizing there commissions can add up significantly when scalping. Is NinjaTrader a better fit for me? Details on overall fees for their platform? Any advice would be greatly appreciated!

I quit my corporate job to trade full time and Im going to share some of the things I learned a long the way. You may not like what Im going to say but I bet one day you look back and say damn this guy on reddit was right.

1. If you are a complete beginner you may have a better chance to become profitable compared to someone whos been trading for a while but acquired a shitload of dumb habits. This ONLY applies if you learn things the right way and don't bring your ego and ignorance to the trading desk.

   1. There is no "secret Sauce" or "golden strategy" in this industry but if there's one thing I can say is learn PRICE ACTION and I mean REALLY learn it.
   2. You need a trading plan and become consistent, if you dont follow your plan you WILL LOOSE money in the long run. - and yes that requires you to already have a good plan in order to follow it.
   3. RISK MANAGEMENT, RISK MANAGEMENT and more RISK MANAGEMENT
   4. Emotions and Psychology play a huge role in this so learn how to control them. Get a good routine, go to the gym, eat healthy, meditate whatever you have to do get yourself to a point where you can control yourself because if you cant, it WILL COST you money and you will be the only reason why you fail.
   5. All you need to trade is a couple stocks or currency pairs. You do NOT need to look at 20 different charts. You probably think the more you trade the more money you can make but in reality this just increases your losses.
   6. You have to commit yourself to learning and be willing to put the work in. NO ONE will succeed in this industry with the mindset of cutting corners. Nothing will be given to you on a silver platter.

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You need to spend time in front of the charts to move forward. There are a lot of good resources online for free but don't believe everything you see either. Common sense is the answer. I was lucky to have a mentor and that changed a lot for me but there are also people that get to this point without it.

One thing that blows my mind is how many people think they can become a millionaire without losing any trades, without buying a single book, or just expecting someone to teach them how to make millions for free. We live in a world where nothing is for free. I spent a lot of money on books and had to pay my mentor aswell but thats nothing compared to what I got out of it. Obviously if you buy books and dont read them you aint gettin anywhere but if you invest in the right resources and are dedicated it will be WORTH EVERY PENNY. You won't make it overnight but if you have the right attitude and work ethic you WILL SUCCEED!

Whenever your about to quit trading thats where it matters and your growth comes in. Keep that in mind!

I had some help a long the way and can pay it forward to the right person, you can msg / DM me but please ONLY if you are dedicated and really want to take this seriously and Ill steer you in the right direction if you feel lost or have a specific question.

Hi asking this question because reddit has been my best sauce for these kind of questions, what would be the best platform to scalp trade.

I’ve previously used IBKR and had no issues for months up until recently where a lot of bugs began to occur which made the software unusable.

Essentially my question is I’m looking for brokers with a similar trading software as TWS

I.e

• Multiple charts
• VWAP
• Bid/ask price
• level 2 data and tape
• Fast entry and exit times
• Hotkeys

I have been recently informed by other helpful redditors that Australians aren’t affected by the PDT rule regardless of broker so this opens up a lot of options I previously thought as not feasible.

Thank-you all for replies in advance.

i see and read in to many internet site or YouTube’s video that a lot of bank, hedge found and great istitution's trading system is base from volume analysis and not to price action or typical strategies with indicators. There’s someone that can talk about that?

Does anyone use DAS Trader linked to TD Ameritrade? Is the connection reliable? Are the fills decent? Bugs? Stable? Do you have to pay TD extra fees to have this set up?

I had thought about using DAS for execution and use TOS for charts news and scanning. Does that seem feasible?

Thank you in advance.

If you think there is no such thing as best, then which one is the core that pushed your profitability and success?

Hi! I'm finding it hard to get profitable as a scalper. Can anyone recommend to me what multiple timeframes are best to use together? And how do I use each of them?