Hi Vaibhav. All the best in your journey.
Sharing my observations based on your previous posts
- You have vague set of rules. Don't know if you can call them strategy or not. To me they sound like combination of few indicators. I don't think jobbing means random trade entries. Jobbers also focus on their setup to come before they take the trade. Only point is that their setup comes very frequently.
- Typing speed - I think, you are here to be a trader/jobber. Typing will not give u money but the right execution of trade, at right places will. So you need to focus on trade selection and trade exits.
- You need to check if your have the personality suitable for scalping style of trading.
This kind of trading, IMO, needs high degree of concentration for very long time. Able to work at you best performance level for long time, needs quick decision making, emotion less trading etc. Hope you have done your groundwork on those fronts.
- paper trading - hope you have recorded your trades on paper. It doesn't take more then few seconds to write entry/exit price on paper. In that way, you can transfer them to excel sheet later and findout the paper P&L at the end of the day and finetune your trading day.
- My only suggestion will be to take the bigger picture of your trading and try to address multiple areas of it. Focus on 1 or 2 areas may still leave you struggling, even after you have mastered them.
All the best and happy trading.
Dear AW10,
Thanks for your valuable post..
but
I go through NAC calling jobbers/scalper.. thread its proved that if someone not have speed in keyboard then they can's success...
the right execution of trade, at right places will. So you need to focus on trade selection and trade exits I agree with you but that required speed...
My only suggestion will be to take the bigger picture of your trading and try to address multiple areas of it. Focus on 1 or 2 areas may still leave you struggling, even after you have mastered them.
Thanks for your suggestion, i want to start with scalping, once i succeed as a scalper... then i am targeting swing trading...
I want to do
"restrictive or judicious scalping"
that explain by anuragmunjal sir,
Quote:
Originally Posted by vallabh_joy123 View Post
Please some more lite on charts.. for scalper..
as i planned to do scalping in index option and ICICI bank..(because I track since last 3 yrs)
I think charts is basic need for scalper.. because it shows direction when to buy or sell
I want to use amibroker.. and infact i installed.. will be subscribed for rtdata..
i want to use 1/2 min or 1 min time frame for my analysis chart.. for scalping..
am i right...anuragmunjal sir
hi Vallabh
scalping is a term which is used and interpreted in many ways these days.
a few years back a pure scalper wd not have the time to look at charts.
but that kind of scalping is in any case dead after the advent of bots.
under the present scenario, u may try & do some kind of 'restrictive or judicious scalping' taking the help of charts.
regards
Quote:
Originally Posted by vallabh_joy123 View Post
Please eloborate the word "restrictive or judicious scalping"
Thanks
hi Vallabh
by defination scalping wd be a way of trading where the trader is aiming to eat the difference between the bid and the ask. till a few yrs back, active scalpers used to trade the markets putting in hundreds of trades per day trying to catch very small moves in stocks.
as I have mentioned earlier this kind of scalping is not very paying anymore(largely)
what i mean by 'restrictive or judicious scalping' is that u can try and trade on specific setups based on charts where the trade wd emulate a scalp as in it wd be a low risk low profit trade, but u trade only once ur 'setup' conditions are met.
regards
AW10,
word setup means ?
Thanks
Regards,