Pre-market trading tends to be slower, so if you’re awake at that time and ready to go, be warned. We find that scalping is the best way to go after-hours or pre-market. The reason is that scalping goes for smaller profit targets, generally, which are par for the course in slow conditions. The video shows many Trade Scalper signals from about 2:30 a.m. US/Eastern time to about 9:30 a.m. From 9:30 a.m. until 4:30 p.m. US/Eastern or so is considered the normal trading day where one can expect normal conditions (with great diversity).
Once the market opens, you begin the day session. The signals that appear soon after the market opens, say, within the first 15 to 20 minutes, are often best avoided. Why? Because there’s a bunch of random, crazy activity that often occurs at market open. Wait until time has moved onward. In addition, look out for news events, as present additional periods of volatility in the morning.
At about 2:30 in the video, you’ll see the Trade Scalper working on the 1-minute chart for a real-time trade. John Paul from DayTradeToWin is in the market, going Long, in real-time, with eight contracts. Not everyone has the cash to trade with that many contracts or far more. That’s actually ideal. The reason is you want to work your way up even if you have a lot of risk capital. Start off practicing with free, real-time simulator data for the E-mini or Micro E-mini. From there, gauge your success. If good after a reasonable period of time, consider opening an account and trading one Micro E-mini contract. That way, you aren’t losing a ton of money while you gain experience. You could scale up there to multiple contracts and eventually move on to a single E-mini contract where each tick is worth $12.50.
So, what happened with this trade? The profit target was hit. The trade was worth $1,000 before any fees, commissions, etc. You could trail a stop in an attempt to “lock in” any profit target. There’s no need to take every single, either. Take the best ones according to the rules. There’s no need to trade 10+ times per day. Three or four scalping trades per day is good. Go enjoy the sunshine as John Paul says.