Scalp Trading @ScalpsTrading
I place bets in the market. Private investor & trader. Musings and charts. Joined August 2022-
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The market really only knows up. Small moves down then next day inside and up. A tale as old as time. There is no catalyst to crush the market.
It’s possible to be long while the trend is still intact and short intraday doesn’t have to be 100% invested then back to 100% cash every other day. But to each their own. Plenty of ways to make money. Have a plan and stick to it. HAGW
Love how several say they are going to “run it hot” like never before but refuse to be long assets and not try to make as much as possible while the times are good.
6500 $SPX puts paid nicely. Good to see some selling for once after 4 day move off the lows
22k jobs - fed is cutting. Stocks can hit new all time highs. Generate as much income as possible
Happy Friday everyone enjoy the day
Don't aim for a daily profit target. Take trades based in setups / entry rules. Some days there is a lot more to do than others. Always respect stops and when the trade isn't working exit to limit damage.
Indices above yesterday's high. Seems after 10 am NY they like to rally it back. helps to have 2 Mag7 move each day. Yesterday $AAPL and $GOOGL. Todays $AMZN and $META keeps the markets stable
The market goes up every day its just what it does. Only short intraday if its a trend down day. Thinking what should happen separates one from their money fast.
Price has to move in order to get paid. Doesn't matter what the ticker is. News / earnings reactions. Prior candle highs/ lows. Respect yourself enough to take the trades within a rules based system. Then it's just about scaling up size with market conditions.
Improve each week. One bad habit purged each week. End of the year a lot of progress can be made. Can including knowing when to press size and when to avoid trading entirely. Market conditions matter a great deal. Small watch list and focus, less indicators. Execution pays
Trading is individual results and progress. 2 people can look at the same chart have the same starting capital but have vastly different results
Happy labor day weekend hope everyone has a nice 3 day break from markets and charts.
Rally yesterday and wipe it all out today. Don't think many want new positions on over the long labor day weekend
Bull market. Big time reversal today this was under 395 yesterday after hours. $CRWD next target is over 455

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