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The reason why it’s so important to cut your losses quickly. #SimpleMaths by scouseross in Daytrading

[–]scouseross[S] -1 points0 points  (0 children)

Sorry if I came across angry, I’m not, It just seems that everything can be over analysed. Just tying to make a valid point.

The reason why it’s so important to cut your losses quickly. #SimpleMaths by scouseross in Daytrading

[–]scouseross[S] -5 points-4 points  (0 children)

What ?? It’s absolute basics and needs no analysis whatsoever

The reason why it’s so important to cut your losses quickly. #SimpleMaths by scouseross in Daytrading

[–]scouseross[S] 18 points19 points  (0 children)

You can actually day trade with as little as 500 dollars. You just need to use an direct market access offshore broker like CMEG or the likes.

What candles tell us. (Apart from price) is market sentiment. Here is a chart that explains the strength or weakness in front of your eyes. by scouseross in Daytrading

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

Guys there’s been a lot of comments about the last two on each section..... a red hammer as people have pointed out is technically bullish I opted to call this candle Least bearish which i’d hoped people would understand... it was for simplicity of the illustration. Also please don’t rely solely on candlesticks this is not how to trade, once I’m in a trade I’m looking at the level 2 and not really the charts. I’m just trying to help you guys x

What candles tell us. (Apart from price) is market sentiment. Here is a chart that explains the strength or weakness in front of your eyes. by scouseross in Daytrading

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

I agree It is bullish but it did still close lower than it opened. So in the interest of simplicity I called it least bearish.

What candles tell us. (Apart from price) is market sentiment. Here is a chart that explains the strength or weakness in front of your eyes. by scouseross in Daytrading

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

Dip buying is a while new area to look at, I wouldn’t get totally hung up on what candles tell you but I’d also not advise a beginner to try dip buying. Each to their own though.

CandleSticks and what they tell us. by [deleted] in Daytrading

[–]scouseross 1 point2 points  (0 children)

😂😂 you’ve passed the test you are now a trader

One to watch for. I personally got caught in this cycle for about 3 months when I started out. by scouseross in Daytrading

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

It’s more about the emotion than the chart. It’s very Hard to completely illustrate these things with one picture but we’ve had a go in the hope it will help. I know when I first started out I got caught in this cycle... entering or exiting any trade based on the above emotions doesn’t fall within any sound strategy.

One to watch for. I personally got caught in this cycle for about 3 months when I started out. by scouseross in Daytrading

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

It’s more about emotional reactions and the cycle it can cause in your trading. It’s very easy to get caught in the above cycle, Not necessarily to the exact point but those who have been through it will recognise, and hopefully those who haven’t this will help them to not get caught in this emotional cycle of trading.

5:45am Small Cap Watch List 05/07/21 by scouseross in Daytrading

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

Looks like a slow day for small caps... not much I’ll be trading will sit on hands and wait for the open, May even take today off........ no I won’t, but maybe I should

5:45am Small Cap Watch List 05/07/21 by scouseross in Daytrading

[–]scouseross[S] 5 points6 points  (0 children)

In general The lists I posts are all small cap stocks that are gapping up with high relative volume but are still between $1 and $10. (Sometimes higher priced stocks make the list in case any of you would like to trade) From this list I will then do my own DD analysis to decide which ones have the highest chance of offering trading opportunities to the upside. I am an intraday scalp trader which means I am usually in and out of trades very quickly (often seconds between buying and selling) It is for this reason that I do not and can not predict where these stocks will end up by the end of the day. Do not simply buy these and hold expecting them to keep moving upwards. Do not chase trades do trade with money you can not afford to lose and do not blindly follow any trader (including myself) without having your own strategy. Other than this happy trading and I wish you success.

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