Day trading vs scalping reddit
Day trading vs scalping reddit. The reason why I prefer scalping is because it gives me a more accurate and real time idea of what the market is doing. Is scalping not day trading? By definition it’s opening and closing a position within the same trading day. Yes, people make money day trading. I don't know if this helps but in pre-corona times I wouldn't conside day trading 1 contract ES with less than $2000-$3000 . Every time frame is diffrent by how and why its move, but still is all connected, Try diffrent strategy for each time frame, for me i thought it was scalping, and turn out i prefer to swing dou to fundamentals relation and less screen time, Offcourse that every trading Swing trading, the "market noise" from both of the above is greatly reduced, and therefore it is much easier to make a consistent profit. There are long periods of time when the market is stuck in a volatile range, like the last several weeks. Simply due to greater chance of having bad trades. For some reason people are always tempted by scalping but it’s not all that irl. There’s a right time for each. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. I rather place one good trade with the setup i have an edge on over mediocre setups. swing trading if you are busy (maybe because you are already earning well by doing other things, time consuming job, etc). Daytrading spans over a single day and all positions are generally closed by end of session. com Mar 14, 2024 · Scalp trading and day trading are two common trading methodologies used by traders to capitalize on market price fluctuations. Every trade you open starts as a scalp, even if it isn’t your intention. Scalping – Targets tiny fluctuations in price. Taking profits after just 2-6 candlesticks would put you firmly in scalper territory. They all have similarities but also a lot of differences too. DAX - FDAX: Quite liquid. ”scalping” trades are often within longer “day trades” to maximize profit and reduce I prefer scalping in forex trading because it is more profitable. I've always used TOS to scalp penny stocks and low floats, and given the current market conditions I've transitioned into options, and so far it's been going very well. Welcome to FXGears. I generally scalp stock and options. Although some users have success scalping, swing trading or some variation of it has given me consistent gains. Heheh. Apr 1, 2022 · Final Thoughts On Scalping vs Swing Trading. They require different sets of skills. This is simply because the art of scalping is finding an entry point that is most likely to move on side. Follows the S&P. Scalping is a form of daytrading. These . Tbh swing trading would be my advise in general. I like swing trading way better: It's more scalable. I learned that TOS will charge you fees for options trading, 0. I know no one that actually makes millions scalping or day trading. Swing trading spans over multiple days/weeks/months. There is a much much higher chance of things going wrong and a stock falling past ur stop loss when ur swing trading vs day trading. I caught 3 and made damn good money on them. Take a small profit and then get out. Here's my take on scalping: Yes, I've made just as much money trading smaller moves, but only in certain environments. Extremely spikey. scalping if you have any time in the world to watch your screen most of the time. How are you differentiating the two? I believe “day trading” is almost universally considered to be intraday only. If you refuse to take the advise to go with higher timeframes at least limit your scalping to the first 1 hour or so after market open day trading / if u can spare a few hours within a day to place 1-2 trades. Jan 26, 2024 · Scalping involves high leverage and very short-term trades to capitalize on numerous small gains, whereas day trading closes positions within a single day to avoid overnight market risk. Looking at market data packs my broker offers and just wondering what I should and… If you work a regular 9-5 then probably swing trading 4H or 1D timeframe. Paper trade both styles or trade with just one share until you gain some consistency and focus on that. and you can't anticipate those things. From your description, it sounds like you're engaged in scalping on the 5-minute charts. . 19 votes, 13 comments. Day Trading – Focuses on taking advantage of significant market movements within the day. Bad earnings -> ticker tanks premarket -> Usually a small pullback to the upside at mo -> then it tanks more. Max of 3. just my opionion. Strategy Focus. See full list on daytradereview. Losing streaks from day trading kills confidence quick. First, I would only attempt it trading the DOM. Consequently, I take much larger lot sizes when “scalping” bc the risk is lower, and I’m looking to profit from far fewer pips. There can be some overlap in patterns and indicators. With stocks, my strategy is to use margin account for intraday scalping around single prints, previous day and week high/low, t+2 high/low. When I first began trading in March 2020, I used the 5-minute chart for a couple of months, but switched to the 1-minute chart eventually when I started day-trading options seriously. While both are short-term strategies, they differ in their approaches, objectives, and timeframes. I use a price action strategy with daily volume profiles & +/- 2 std dev bollinger bands for entries. S&P 500 - ES: The most liquid futures index. Leads all markets. Literally from a statistical perspective price goes up or down so assign 50/50 on it unless otherwise edge proven, then all regular day “stock trading” is managing risk ratio. Because things happen in the premarket, the aftermarket, overnight, etc. It’s likely that as you start this journey you turn into more of a typical day trader and start to hold minutes anyway. Here are the ones I'm most interested in. That’s definitely useful. They don’t come on Reddit and complain about day trading being BS on a day trading subreddit. Mar 9, 2024 · Key Differences. I only “scalp” at the very edges of the support/resistance levels. There are all sorts of other strategies out there for you to explore as well. com, a trading forum run by professional traders. All three. back then daily volatility was 3-4 times less than it is now, and now itself is way less than the recent crazy times I'm looking to add some scalping into my trading toolbox & would love to know why you scalp a certain index and why. Nasdaq - NQ: Very liquid. Works for me - at least so far. I've been consistently profitable for some time, bla bla. So far, I have had satisfactory success with scalping options with the 1-minute chart. I frankly love trading ES when it’s range bound—it’s like trading in slow motion. This ties in with #2. I have been using the 1-minute chart for almost a year now. IMO options trading is harder than stock day trading but the probability of success is higher if you know what you’re doing. Less stressful. Besides swing trading I am scalping bad earnings and negative news at market open time to time. Generally, it refers to taking quick profits off small price movements, usually within a short time frame. Not too volatile. Using TPO will help you find intraday value / non value price range on equities with higher rVol (usually trending 80% Hi guys. Most traders I talk to usually have 1 trade per day. This way, as opposed to waiting for a bar or a candle to close, which can take up to 5 seconds, I can enter quickly and get an idea of what is going on in the I dont know many traders that scalp that many times per day. Trends extremely hard. It may rely on a bit more analysis and often uses news events or technical patterns to make trading decisions. Some people make bad decisions when they get impatient, and might be better suited scalping. Some people make bad decisions when they are rushed, and might be better suited making longer day trades or swing trading. That concludes our breakdown of scalping vs swing trading. Position trading is monthly and weekly chart Swing is daily and 4h Day trading work is 1h-30m Scalping is 15m and below. But yeah, not 100 moves in points, probably ticks, which doesn’t make sense to me in the current environment. As you can see, there are striking differences between the two styles – just as with swing trading vs investing long term or swing trading vs trend trading. 60 cents per execution (correct me if I'm wrong) and Webull on the other hand has NO fees for options. Nobody likes unnecessary risk management. I personally know two multi-millionaires traders that make their money from swing trading. I mean, there was 9 or 10 of them today if you were a perfect trader. Same rules apply, you can have a 5 losing streak in swing trading the same way you can have a 5 trade losing streak scalping, all it is is time frame, the edge is different, scalpers are looking for quick reversals with multiple entries and exits per day, their triggers will be different than that of a swing trader or an intra day trader, risk When scalping, doing really fast in and out is it better to use market order or stop limit order ? I feel like if it’s a liquid enough stock I won’t get as fucked on my fill if I do a market order and at least I get immediate execution. No more daily mood swings. Same techniques from day trading can be applied to swing trading, just on a higher time frame and trades take longer to hit target or stop loss. I day trade /ES and sometimes I'll day trade SPY options as well. If i can find the right setup then I enter after the pullback and ride down with the price. The thing is, most of them treat it like in actual job where they work for 8 hours. loqlb cyrz sitfiu glwvj gjry xcffsd gxuf agsjiig xucz ixhvi