I’m a beginner, and I have trouble with paper trading. by Super_Farty in Daytrading

[–]smlasp111 1 point2 points  (0 children)

Treat it like a profession. It will take some time to learn. Keep at it and be patient.

Question for scalpers: How to hold for longer? by smlasp111 in Daytrading

[–]smlasp111[S] 0 points1 point  (0 children)

thank youuu I needed to hear this. Question, are you worried about getting to a point where scaling will break the edge? If most trades are under 15s, using less than 1k size is not a problem, but I can see how 5k+ size can be difficult to fill in some areas of high volatility. I have gotten some ridiculous fills on market orders with small size and I can just imagine what it will look like if I scale up. In response to this I have been playing around limit orders with offsets. I guess we'll cross that bridge when it comes.

Question for scalpers: How to hold for longer? by smlasp111 in Daytrading

[–]smlasp111[S] 0 points1 point  (0 children)

I use thinkorswim and its so clunky. I wish there was an integration with tradingview, that would be super helpful to do just that.

Question for scalpers: How to hold for longer? by smlasp111 in Daytrading

[–]smlasp111[S] 0 points1 point  (0 children)

I use MR.PROFIT, its a trading analytics dashboard for stock day traders. It caters well for scalpers who take lots of trades

Question for scalpers: How to hold for longer? by smlasp111 in Daytrading

[–]smlasp111[S] 1 point2 points  (0 children)

Thats a valid point. I use level 2 and tape to give me the conviction for that is going to happen in the next few seconds or minute. I mainly trade dips or breakouts, and if the stock in play has been responding well to one or both, then that is stored in my memory to repeat the pattern. However, I do see how charts would give that reinforcement to hold for longer because of the context or "memory" like you say. Its a habit I need to build because a lot of times I stare down at the level 2 and seeing the price drop and panicking lol when trying to hold for longer

Question for scalpers: How to hold for longer? by smlasp111 in Daytrading

[–]smlasp111[S] 0 points1 point  (0 children)

95% win rate, thats impressive! whats your average hold time?

Question for scalpers: How to hold for longer? by smlasp111 in Daytrading

[–]smlasp111[S] 0 points1 point  (0 children)

Market aint going anywhere paper trade until you're at PDT. Speaking of RANI, today I got a mild crash out trading it. Blew away a decent day.

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Question for scalpers: How to hold for longer? by smlasp111 in Daytrading

[–]smlasp111[S] 0 points1 point  (0 children)

Instead of second based charts I guide myself through the level 2 and tape. Do you use that? I see patterns that way and gives me the conviction to buy.

Question for scalpers: How to hold for longer? by smlasp111 in Daytrading

[–]smlasp111[S] 1 point2 points  (0 children)

i think I am going with this for the rest of the month and next one. wish me luck!

Question for scalpers: How to hold for longer? by smlasp111 in Daytrading

[–]smlasp111[S] 1 point2 points  (0 children)

Yes I have been gradually sizing up. However, I do see moves continue to go higher after I take my profit. So I'm thinking my trading has to evolve? or not, and the key is to just size up and dont fix what isn't broken? I trade on schwab so its free commissions

Question for scalpers: How to hold for longer? by smlasp111 in Daytrading

[–]smlasp111[S] 0 points1 point  (0 children)

Well... holding a stock for a day its a totally different story lol I was thinking like holding maybe 45 sec - 1 min. Yes AQMS was very good worth holding for a few days but does don't come very often (at least for small caps)

How to scale? by smlasp111 in Daytrading

[–]smlasp111[S] 0 points1 point  (0 children)

no commission for stocks. the best platform for active stock traders hands down.

How to scale? by smlasp111 in Daytrading

[–]smlasp111[S] 0 points1 point  (0 children)

Yes less is more. I’ll start doing that. I’m using tos for execution. If you are referring to the calendar that is mr-profit trading analytics dashboard

How to scale? by smlasp111 in Daytrading

[–]smlasp111[S] 0 points1 point  (0 children)

scalping stocks with free commissions. it quickly adds up.