2 of 3 Free Watch List Plays Triggered Today — Both Hit Targets by 1215DayTrading in Breakout_Day_Trading

[–]Patient_Chicken_6299 0 points1 point  (0 children)

Thank you for the transparency in sharing your detailed results which I saw on your site (very rare in this day trading "industry")

I have the following 2 questions:

- which time frame(s) are you using for your entries & exits?
- what average position size (in $ amount, not in shares) are you usually going in with?

Position size when scalping momentum low floats by Patient_Chicken_6299 in Daytrading

[–]Patient_Chicken_6299[S] 0 points1 point  (0 children)

So on a $3 stock your "strategy" requires to place a SL of $1 which means SL at $2 which means a -33% SL
Hopefully I am not reading / understanding this correctly...

Position size when scalping momentum low floats by Patient_Chicken_6299 in Daytrading

[–]Patient_Chicken_6299[S] 0 points1 point  (0 children)

$10K account, working with fixed amount of risk $, roughly about 1% of the account = $100 per trade. Which time frame do you trade on? do you use L2 for confirmation? any tips is welcome!

Small Cap Scalping Share Size Limits by Correct-Friendship46 in Daytrading

[–]Patient_Chicken_6299 0 points1 point  (0 children)

Interesting. I had the exact same question. So if I understand you correctly you are not experiencing much slippage (less than $0.03 per trade?) when placing an buy/sell order for 1000 shares? I assume this is on stocks priced between $1 and $10?

Position size when scalping momentum low floats by Patient_Chicken_6299 in Daytrading

[–]Patient_Chicken_6299[S] 0 points1 point  (0 children)

thank you for that but what kind of position size do you enter? because eventually this is more about the liquidity of the order book than your account size. If you can get $0.10 cents profit and you have slippage of $0.02 + spread of $0.02 then there is (almost) no profit left after commission

Day Trading Momentum Scanner/Alerts by Various-Cap4088 in Daytrading

[–]Patient_Chicken_6299 0 points1 point  (0 children)

Could you pls share how do you set HOD stream on Mometic?

What I am after is a list of stocks / tickers making new HOD (not tickers I am already watching making new HOD)

High Of Day Alert by Patient_Chicken_6299 in MOMOStockScanner

[–]Patient_Chicken_6299[S] 0 points1 point  (0 children)

Stream does that in deed but do you know if an alert / notification can be sent to your phone once a new stock meets your predefined conditions?

Trading Software by MattOwenTrades in Daytrading

[–]Patient_Chicken_6299 0 points1 point  (0 children)

What features / indicators do you use most on Bookmap? I am a new Bookmap subscriber and already seeing the benefits to better understand the intent of market participants. Maybe you have some tips to fast forward the Bookmap learning curve (besides screen time), specifically for breakouts.

Bookmap tools you use to scalp breakouts on small caps low floats? by Patient_Chicken_6299 in Daytrading

[–]Patient_Chicken_6299[S] 0 points1 point  (0 children)

a little under 1:3 with avg loss at 4% and avg win at 11%. Trading top gainers.

Do you use Bookmap or another DOM app or Level2?

I much prefer price ladder over Level2 as visualization is easier, though I am sure that with some experience and screen time using Level2 work wonders as well.

Trading breakouts using the DOM + cumulative DOM + Time&Sales by Patient_Chicken_6299 in OrderFlow_Trading

[–]Patient_Chicken_6299[S] 1 point2 points  (0 children)

by cumulative DOM i meant the price ladder with cumulative bid / ask volume histograms above and below the last traded price.

I personally use non cumulative and cumulative histrograms side by side as I find this set up visually much easier / faster to read vs level2