Shared by
kranpura
1). Trade only best setups, including VWAP trades, HOD breakouts and Pull back entry.
2). Only trade stock between $3 - $10.
3). Stock with low float less than 10MF
4). Stock should have high Relative volume
5). There should be catalyst
6). Overall market sentiment should be positive.
7). Max no. of daily trade 5
8). Max daily loss $100.
9). Trade Time: 8:30am to 11am
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-05-06 10:05:46 | LEDS | buy | $7.820 | long |
| 2021-05-06 10:05:57 | LEDS | sell | $8.070 | 0 |
Comments
slack56
Fine strategy for scalping, nice gain. I do scale in however, I am usually in a trade for more than 9 seconds lol. I was in in at 1:51 and out at 2:03. Didn't scale in just used partial size and rode it up $2. Left another dollar on the table but no complaints. I will give trades more time to develop but if it hasn't gone my way I get out after 5 minutest and look for another entry. "Don't marry the move" or is it "Let your winners run"
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like the strat you have I have similar one and one suggestion is scaling in and out of the trade like start with small size and once you have confirmation go in with full and now ur avg purchase price is lower and then once you have the quick spike get out with half or something and wait a little bit until you get stopped out with profit u dont have to cause clearly it works so just saying