2 ms·

Stopped trading Options. Volatility is way out of whack. Everything seems to go beyond 2 or 3 Standard Deviations. So, to make money consistent with Options, yo

by bratak 6y ago

Stopped trading Options. Volatility is way out of whack. Everything seems to go beyond 2 or 3 Standard Deviations. So, to make money consistent with Options, you need a trading strategy which predecits the direction. But then, you can trade the underlying, because trading Options usually means, trading for income, not speculation. However - I've developed other skills: a) Long Term Strategy: COT Trading (Committment Of Traders). I suggest you read Larry Williams about COT Trading - Google it! b) Intraday Scalping: Develop a winning strategy, test it to prove yourself you can make money, and then trade it live, but not with your money. Go to TopStep Traders, invest a couple hundred bugs and see if you can make money consistently. If not, you only burn a couple 100s, and not 1000s Hope this helps Wish you good luck!

rajeshp1986 6y ago
How to learn Intrady Scalping? Any resources?
- bratak 6y ago
  on YT, there is a real Scalper called "Trades by Matt". Channel: https://www.youtube.com/channel/UCAiadqtIuxMOBbzMHGk_aYQ https://www.youtube.com/channel/UCAiadqtIuxMOBbzMHGk_aYQ Strategy Video: https://www.youtube.com/watch?v=nRKXylSlNCY https://www.youtube.com/watch?v=nRKXylSlNCY Know the following: - to become a firm Trader, you should trade at least 6 Month in a Demo Account. This is to proove yourself that you can make it, at least in Demo. - Matt's strategy is maybe not suitable for you. Maybe you like more Swing Trading on longer timeframes. Be realistic with yourself. Imagine becoming a Pilot, or a Doctor. To make money in these jobs, you have to go through a learning process that takes years. So, don't fool yourself by thinking you can become a profitable trader within a couple weeks. If you are new in Trading, be aware that over 90% of "Coaches", Strategies etc. is fake - they just want your moeny. Matt instead is real. I suggest you take at least 2 Months, watching Matt's stream live, watch hes recorded sessions. Take another 2 Months for research about the different trading strategies, and while on the way, don't believe anyone what they say. Don't get blinded by the $$$ they promise. Don't buy anything, even if it sounds firm. You should read two Books from a real Prop Trading professional: One Good Trade: https://www.amazon.com/One-Good-Trade-Competitive-Proprietary/dp/B08BMXG8X8/ref=sr_1_10?dchild=1&keywords=the+playbook+trading&qid=1605163161&sr=8-10 https://www.amazon.com/One-Good-Trade-Competitive-Proprietar... The Playbook: https://www.amazon.com/PlayBook-Inside-Think-Professional-Trader/dp/0132937646/ref=sr_1_11?dchild=1&keywords=the+playbook+trading&qid=1605163161&sr=8-11 https://www.amazon.com/PlayBook-Inside-Think-Professional-Tr... Hope this helps & good luck.

by bratak 6y ago

rajeshp1986 6y ago

How to learn Intrady Scalping? Any resources?

bratak 6y ago
on YT, there is a real Scalper called "Trades by Matt". Channel: https://www.youtube.com/channel/UCAiadqtIuxMOBbzMHGk_aYQ https://www.youtube.com/channel/UCAiadqtIuxMOBbzMHGk_aYQ Strategy Video: https://www.youtube.com/watch?v=nRKXylSlNCY https://www.youtube.com/watch?v=nRKXylSlNCY Know the following: - to become a firm Trader, you should trade at least 6 Month in a Demo Account. This is to proove yourself that you can make it, at least in Demo. - Matt's strategy is maybe not suitable for you. Maybe you like more Swing Trading on longer timeframes. Be realistic with yourself. Imagine becoming a Pilot, or a Doctor. To make money in these jobs, you have to go through a learning process that takes years. So, don't fool yourself by thinking you can become a profitable trader within a couple weeks. If you are new in Trading, be aware that over 90% of "Coaches", Strategies etc. is fake - they just want your moeny. Matt instead is real. I suggest you take at least 2 Months, watching Matt's stream live, watch hes recorded sessions. Take another 2 Months for research about the different trading strategies, and while on the way, don't believe anyone what they say. Don't get blinded by the $$$ they promise. Don't buy anything, even if it sounds firm. You should read two Books from a real Prop Trading professional: One Good Trade: https://www.amazon.com/One-Good-Trade-Competitive-Proprietary/dp/B08BMXG8X8/ref=sr_1_10?dchild=1&keywords=the+playbook+trading&qid=1605163161&sr=8-10 https://www.amazon.com/One-Good-Trade-Competitive-Proprietar... The Playbook: https://www.amazon.com/PlayBook-Inside-Think-Professional-Trader/dp/0132937646/ref=sr_1_11?dchild=1&keywords=the+playbook+trading&qid=1605163161&sr=8-11 https://www.amazon.com/PlayBook-Inside-Think-Professional-Tr... Hope this helps & good luck.