Added: 3 years ago
From: pandastockpicks
Views: 52,054
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  • Brilliant! Scalping is the best

  • Some limitations of the banks were lifted in 1995. This year can be called a funeral for all the savvy traders in the market. They opened the shorts, and then a margin call

  • can you tell me what charting software are you using.

  • Panda.

    Hello again:

    I hope to find you in the best of spirits. Great videos.

    Regarding the AAPL and RIMM trades: What would you suggest for one to place his initial stop loss, if one wanted to trade 200 shares of RIMM? The more shares utilized, would be the tighter the stop. What would be the appropriate scale regarding such?

    Thank you.

    Best wishes.

    Good day.

  • Hi again Eddy,

    placing the stops is very important as it all comes down to risk management. Therefore your stops are determined by your capital. So, you would never risk more than, say, .25% of your capital on any one trade or depending on your total trading amount $100 at risk per any trade. I go over this formula and risk management in my 8 hour day trading video course. And yes the more shares the tighter the stop.

  • Will your system work for forex?

  • Panda:

    I enjoy the videos on the scalp trading system that you employ. I believe that the one minute chart is the best for scalping, especially for the higher priced stocks: as AAPL&RIMM. Bollinger bands are useful also. YT Trader, SGomes indicated that there is to much noise in the 1 min charts and he uses 5 min charts, even for super scalping. He trades many low priced stocks, so, it could be with such, I believe that 1 m is better for the likes of AAPL. What do you think?

    Thank you.

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