Hi. I've been studying technical analysis and the stock market in general for the last 4 months. During the last month I've been watching the market and making my "trades" on paper for at least 3 hours everyday (mostly around 9am~12). I place all my exact price entries and exits/stops before "making the trade". I'm using 3 charts, 1 min (main), 5 min and 15 min, eventually giving the 60 min a look and starting every day with a look at the daily chart. I also keep a screen showing the main stocks (the 5 most traded stocks) because these are responsible for most of the index movement.
I aim for relatively big movements (15 min tops) only when there's a ~2.5/1 or higher reward/risk ratio. When I'm scalping, there's no such thing since the accuracy rate is extremely high for anyone. While scalping I'm aiming for ~50 points (commission will be 5 points) and risking up to 80. But scalping is an extremely tiring activity.
What should I expect when I trade with real money?
Does anyone here can share a similar experience? How did it went when you started trading real money?
EDIT: some users PM'd me asking about my strategy. It's no secret and it's probably not effective in other countries/markets (I trade BVMF futures). Try it at you own risk.
Submitted June 16, 2015 at 12:29PM by Dinosaur_Supervisor http://ift.tt/1LeRYJN
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