Wolf of Scalping sharing valuable secret in scalping;
50 Stocks on Watch list studying with my smartphone (Add/remove 2-3 Symbols daily);
Select every day 5 hottest in the end of Watch list watch closely
Still watching 50 Stocks for any movement (gap up or down)
Concentrate on dips/breakouts
Buy when level2 bids coming in / ask getting thinner; Combined with 1 day intraday 1min chart
Goal is to scalp $100 - $300 within seconds, buy for example a stock at 10.00 with 2000 shares sell at 10.05 for 100 bucks but stop 9.98 (only mental stop; stop loss orders take to muck time..repeat up to 50 times or more the day. works only in uptrend market or quiet market time. If index goes down 1-3% on the day it will be harder.
Other trading idea (there are many..you will know after years) Gap down with low volume will mostly be bought for the bounce. (small caps, otc).
You only need 1-2 Monitors/Lap Top; 1 Smartphone always ready to sell/buy fast with-in seconds (once I buy I have sell order ready within 1-2 seconds) I sold my 6 Monitors; I took stress out of my trading life I trade lying on my couch watching TV sometimes and drinking Coffee; I am so relaxed = that is the key
You always watch with one eye. Less stress is the key combined with experience;
No more sitting; on a chair my body getting tired of sitting, reaction time will get slower
Once you lay on a couch it is not first priority to enter a trade
I wait for the setups they come to you every day
The days i used a mouse are gone; my smartphone i use everywhere I am trained to make money everywhere ;
Use your same tactic every day
Very important Cash 100% over night; I am a scalper, daytrader.
Using strictly this strategy. Fresh every day and ready to kill it.
Best regards, Wolf of Scalping
(tdameritrade has a good mobile app)