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,
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,
hi Vallabh
it is beneficial to have a good typing speed if u are scalping but as AW10 has pointed out it is just the first step. ur speed of 88 is reasonably good.
also I have mentioned that the scalping scenario has changed and after the advent of bots, it is very difficult to pick up the diff. between bid and ask.
few nse members buy rack space to put up their servers next to the nse server in Mumbai. obviously thier updation and execution wd be faster than urs. therefore, I believe it wd be futile to compete with them.
hence I mentioned that u may try and do 'restrictive' or 'setup based' scalping and if that is what u are aiming at, then I feel keeping a target of minimum 50 trades a day wd be wrong.
an example of 'setup' based scalping wd be as ST had mentioned that he only
takes scalp trades around pivots.
regards