SCALPING MY WAY

Discussion in 'Trade Journals' started by Ciao (Sheppy), Jul 7, 2016.

  1. Ronzoil

    Ronzoil Member

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    Glad your back . I really liked the statement you made there is no wrong way or right way.

    Scalping should be in every traders bag, sometimes it is the only game for a day or so when there no news going,

    We all agree the art of the scalp is a quick round turn and the idea is to leave with more they we came with.

    So my way ( remember there is no wrong way if it works)

    1,Trade liquid stock, etf. that way bid ask spreads are tight.

    2.know the trend. look at charts or watch is so close you know when you click for a quote if it is up or down and by how much.

    3.know when earnings are being announced with the hype that is built into this day you can make some coin.

    4.only trade stock that have weekly options ( if you been following me you knew that was going to be in here)

    5. buy the stock ,etf in blocks of 2- 10 k the larger the block the less i will take as a win.

    6. if you enter at the wrong time ( and trust me it will happen) this is where the weekly option come in.

    7. sell calls again you position you just put on on line 6 above. for example buy 2k of ABC at 10.00 market moves down to 9.90
    most time you have two choices to make sell the in the money calls or sell the call at the entry price of your stock in this case 10.00
    If you trade in the first 3 days of the week you can sell the call that expire this week.
    if you trade the last 2 days of the week you might have to sell next weeks calls.

    8. most of the time you can lock in a profit buy doing this, just have to wait few days to collect.

    9. keep and eye on the price often you can buy the calls back for less than what you have sold them for and then sell you stock. this often can net a small profit . The reason this works is when you sell an option with a short amount of time to it expires the theta decay is very high.
     
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  2. Ciao (Sheppy)

    Ciao (Sheppy) Well-Known Member

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    hi Ronzoil wow you been busy there ... you saw another way of doing it ... nice :)
     
  3. Ciao (Sheppy)

    Ciao (Sheppy) Well-Known Member

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  4. Ciao (Sheppy)

    Ciao (Sheppy) Well-Known Member

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    hiya 4revR nice to see you still here ...... I thought by now you woulda made your million :D:D
    I am skint.... so I have to "gamble" again to win the bread :(:(
    I'll be seen you :cool:
     
  5. hitman

    hitman Well-Known Member

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    good to see you back Ciao
     
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  6. Ciao (Sheppy)

    Ciao (Sheppy) Well-Known Member

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    thanks Hitman :) Peace is now over:D:D
     
  7. Kosta

    Kosta Active Member

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    I didn't trade that much, had to study a lot. But now I have vacations and time. That's fits your are here, I saw your new thread and translated in Google :D

    Played CLF wasn't strong so just 3 ticks.
     
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  8. Ciao (Sheppy)

    Ciao (Sheppy) Well-Known Member

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    'morning Kosta
    watch out with the translation special the long one... it doesn't come out right (tried that ,,ok on single words or small sentence) anyway it get the meaning

    did you trade CLF? still even 3 ticks is green ... I was expecting a better progress but managed to get 14t but that i sa quick scalp
     
  9. Ciao (Sheppy)

    Ciao (Sheppy) Well-Known Member

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    btw Kosta shortly I am going out ... I haven't got any more time to post here some stocks for to day

    you can find them here >>> https://stockaholics.net/threads/squadra-azzurra-daily-thread-italian.4618/page-5
    afte rthe epic many words are easy to understand ... if you don't understand some you can even let a msg-post there
    I am sure the other Italians don't mind few English post ... good reason to learn the language :):D

    take care ... hope to be back for the bell ... caio
     
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  10. Ciao (Sheppy)

    Ciao (Sheppy) Well-Known Member

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  11. Ciao (Sheppy)

    Ciao (Sheppy) Well-Known Member

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    did an in out on BCRX 6.30 - 6.70 ... posted live on the other thread
    not hard to guess this one ... IMO more to come
     
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  12. Ciao (Sheppy)

    Ciao (Sheppy) Well-Known Member

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  13. Ciao (Sheppy)

    Ciao (Sheppy) Well-Known Member

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    out 7.10 (ask)
     
  14. Ciao (Sheppy)

    Ciao (Sheppy) Well-Known Member

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    SHLD moving well missed but had mu scalps for the day .. can't be too greedy ;)
     
  15. Ciao (Sheppy)

    Ciao (Sheppy) Well-Known Member

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    wow now nhod 9.90
     
  16. StockJock-e

    StockJock-e Brew Master
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    Nice to see you back in action!
     
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  17. Ciao (Sheppy)

    Ciao (Sheppy) Well-Known Member

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    I need the $$$$ to buy food ... lost all at the casino :(:D:D
    cheers
     
  18. Ciao (Sheppy)

    Ciao (Sheppy) Well-Known Member

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    even today SPWR nice move ... nearly ten days that is doing well (got few scalp out of it)

    https://finance.yahoo.com/news/short-sellers-walking-away-solar-112911583.html
     
  19. Ciao (Sheppy)

    Ciao (Sheppy) Well-Known Member

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  20. Ciao (Sheppy)

    Ciao (Sheppy) Well-Known Member

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    TXMD would a been a nice day trade .... busy with the other

    remember I only open max 2 positions... mine move fast can't be left on their own :)
     

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