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Choosing a trading style

  • #1
  • First Post: Mar 16, 2013 12:33pm Mar 16, 2013 12:33pm
For most of the time when I have been trading I have been scalping trader but lately (last 2 months) I have been suffering with scalping. I mean, I don't like it anymore, it has become too stressful for me... "Scalping is strongly suited to the person who prefers and thrives in a fast paced, high stress environment." like it is written by MahiFX, but I haven't never liked stressful situations. I have been thinking about "Day Trading", sounds like it is more suitable for me. What are your recommendations?
  • #2
  • Mar 16, 2013 1:28pm Mar 16, 2013 1:28pm
Yes, scalping is stressful, since you'll have to keep a beady eye out on every pip movement and only recommended if you have the experience. Day trading is less stressful, and believe me, a lot better than trying to scalp a few pips.
  • #3
  • Mar 16, 2013 1:47pm Mar 16, 2013 1:47pm
Look at the daily bar to get direction and s/r levels, then trade h1 at those levels...
tradewith60
  • #4
  • Mar 16, 2013 3:11pm Mar 16, 2013 3:11pm
Hello ReneRu,

Depends on your own personality and the time available to see the charts.
As you told us scalping is not for you (neither for me).

The next step is trying daytrader to see if it fits to your personality and time available ... and so on until you find your trading style.

I wish you good luck.
Just ignore me. Thanks.
  • #5
  • Mar 17, 2013 8:33am Mar 17, 2013 8:33am
Scalping style is not about rapidly collecting a big profit on one trade, scalping is about making small profits throughout the day. And this system can gives you more stress a lot than day trading. The reason why many forex trader are can not continue with scalping style because this style need absolute discipline and strength to open a lot of trading positions.

--------

chaikin trading
  • #6
  • Mar 17, 2013 8:50am Mar 17, 2013 8:50am
You are wrong with your thread title.

A trader doesn't choose a trading style ... he has to find it.

Experience will show you your own style ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #7
  • Mar 18, 2013 12:52pm Mar 18, 2013 12:52pm
Quoting pepesan
Scalping style is not about rapidly collecting a big profit on one trade, scalping is about making small profits throughout the day. And this system can gives you more stress a lot than day trading. The reason why many forex trader are can not continue with scalping style because this style need absolute discipline and strength to open a lot of trading positions.

--------

chaikin trading

I think this post is very much on point. Scalping can be profitable but it requires focus and discipline, an amount above and beyond what is already needed to trade slower methods.
  • #8
  • Apr 3, 2013 1:38pm Apr 3, 2013 1:38pm
Quoting FerruFx
You are wrong with your thread title. A trader doesn't choose a trading style ... he has to find it. Experience will show you your own style ...
Agree 100%.....has to find it......or it finds you..... if you last you will know.....
  • #9
  • Apr 6, 2013 6:31am Apr 6, 2013 6:31am
Quoting 4xPIPAHOLIC
Agree 100%.....has to find it......or it finds you..... if you last you will know.....
Well said: "If you last" If our style do not work one after another, we may quit...finding individual style takes time...
  • #10
  • Apr 6, 2013 9:09am Apr 6, 2013 9:09am
Quoting ReneRu
For most of the time when I have been trading I have been scalping trader but lately (last 2 months) I have been suffering with scalping. I mean, I don't like it anymore, it has become too stressful for me... "Scalping is strongly suited to the person who prefers and thrives in a fast paced, high stress environment." like it is written by MahiFX, but I haven't never liked stressful situations. I have been thinking about "Day Trading", sounds like it is more suitable for me. What are your recommendations?
I'd recommend you tell us more about your scalping so we can think about your next move. What TF? Using indis? Entry criteria? Pairs? Time of Day? What have you been doing and what are your strong points?
  • #11
  • Apr 7, 2013 10:03pm Apr 7, 2013 10:03pm
You don't say whether you had any success with scalping or not.
If you were successful, or just broke even, then you may find that you can transfer that same strategy to a higher timeframe, just with larger stops and TP.
Scalping on the smaller tf, you have to be able to cover spreads that are a relatively high proportion of any gains. Not so much of a problem in the higher tf, less market noise as well.
Please Do Not PM Me With Coding Enquiries
  • #12
  • Apr 8, 2013 4:09am Apr 8, 2013 4:09am
Great discussion on informative topic! and in my opinion traders traders should need to make their own trading style to trade and earn better in commodity market!
  • #13
  • Last Post: Apr 8, 2013 4:26am Apr 8, 2013 4:26am
Open any asset chart with 15-1h tf and put 10 ema on that and chk the bounce and break..
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