Although you could use the Trade Scalper software to trade 24 hours a day, that doesn’t mean you should do it! There are a number of great trades that occur in the early or evening periods, beyond what is considered standard trading hours. The first portion of this video covers one such signal, a long. After the close of that candle where the long signal was generated, we see price rise for three candles. The indicates a winning move.
The next signal that appeared was a Double Wick Short. A Double Wick is another type of signal that is produced by the Trade Scalper software. Price moved against the signal and then dropped right down via three consecutive red candles. You’ll see this trade unfold in real-time.
John Paul used eight contracts. He has Chart Trader configured to show his current profit or loss as it fluctuates. This particular trade’s goal/profit target was worth $1,000 before any commissions or fees. Fantastic, right? Such a short period of time. That’s what scalping is all about. If you were trading just one contract, that would have been $125. Still, if you can find multiple trades like this daily, they add up. The idea is to grow your account over time.
If you have three or four winners in your pocket for the day, it’s time to call it quits. Yes, let’s keep that money in the pocket, and hopefully saved up long-term rather than take yet another chance. There will be other days to trade. Look at the bigger picture: the week, the month, 90 days, six months, then a year. How was your performance? Were you following the rules correctly?
There are people who sleep at the casino’s hotel so they can maximize their gambling. There are also those people who are hardly awake at their slot machines for sixteen hours, sitting in unhealthy positions for too long, not nourishing their minds or bodies. A few hours a day should be the goal. Life is about living; and most of us would probably define living as something different than what happened on a chart for a given period of time.