Scalper's Forum

[trader111]

OK I will repeat:

If anybody still have problems in that tell me a stock at market start and I will try to post live how it effects scalping decisions.

and btw there is nothing like being bold or being intimidated

 

[vpsarathy]

Please take JP Associates on Monday morning.

We look forward your postings on Monday.

By the way have you stopped your postings in Re: Scalper's Forum?
Thank you

VPS

 

[vpsarathy]

How am I supposed to select a good stock for scalping? Pl give suggestions. I vaguely remember you made a passing mention, but since I didnot understand the terminology it didnot stick to my mind. May be I am wrong!

VPS

 

[vpsarathy]

I know people who scalp only thin stocks (avg daily volume less than 20k shares), as well as ppl who scalp NF. To get started I will suggest two criteria:

1. The stock must be sufficiently liquid so that you can get out fast (it does not hits ur hard stop). So keep out of GLOBALVECT and the like.
2. The tick volume should not be too high, or else it becomes harder to recognize institutional buyers/sellers. So keep out of NF or reliance.

The one's which Kripal had been posting fit well the above. Let me post on monday some order book examples... then I will add few moew criteria.

Also if you don't understand any terminology just google or ask flat. Terminology and theory is meant to be supportive, not confusing

Excellent Trader111, what a patience you have? You are indeed a very good teacher. I intend learning a lot from you and hope to be a good student you can be proud of. Thank you

VPS

 

[Saint]

Keep it up,Trader 111.......

Saint

 

[ARMHM]

I found only two threads in the entire forum which can really make a trader a profitable trader. One is Saint's "Teach a man to fish..." and the other is this "Scalper's Forum". Excellent works Saint and Trader 111.

 

[vpsarathy]

I found only two threads in the entire forum which can really make a trader a profitable trader. One is Saint's "Teach a man to fish..." and the other is this "Scalper's Forum". Excellent works Saint and Trader 111.

I agree that that Saint and Trader111 are good teachers. They have taken pains to write from their experiences and teach novices like me. But there are others who are regularly contributing excellent advices. One cannot underrate their efforts. A great majority I find are asking questions but very few give answers. I appreciate everyone who has taken trouble of answering someone's doubts.

VPS

 

[vpsarathy]

I just have a 1 minute chart and move my mouse around the large range bars. Then it's easy to gather that the stock could move easily 5 rs. in one minute..............

Your Rs5 measurement is an approximate or average of some long bars is it?

The explanation was very interesting.

VPS

 

[vpsarathy]

JPASSo RF was Rs2. Shortsold at Rs150.5 and exited at 149.95. Was I right?

VPS

 

[vpsarathy]

You need to explain these patterns. To my eye It doesnot seem to be unusual. I know I am wrong but still I have to say what I see or donot see.

vps