Scalping Is Fun!
Part 4: Trading Is Flow Business
Trading profits are not equal on the 20 trading days of each month as a regular office job probably would. Experience shows that the results are asymmetrical in occurrence.
There are days where it runs like clockwork and days on which trading seems to produce only losses. In this fourth installment of the series ‘Scalping Is Fun!’ The Heikin Ashi Trader looks at the right time to trade.
Successful traders know in specifics when not to trade. They focus on the times when market conditions are optimal for them. In order of events, the fun turns by itself, then the success follows suit.
In this state of ‘flow’ discipline, this is easy to achieve. Fast scalping promotes the rapid close of loss positions and the quick takeaway from accrued profits, also of equal importance.
Index
1. Only Trade When it’s Fun
2. When Not to Trade
3. The Best Trading Hours For:
A. Forex Traders
B. Index Traders
C. Crude Traders
4. Why Fast Scalping is Better than a Few Well-considered Trades
5. Discipline is Easier in Flow
6. Warning and Control Instruments
7. When You Win, Be Aggressive and Be Defensive When You Lose
About the Author:
Heikin Ashi Trader is the pen name of a trader who has more than 17 years of experience in day trading futures and foreign exchange. He specializes in scalping and fast day trading. In addition to this, he has published multiple self-explanatory books on his trading activities. Popular topics are on: scalping, swing trading, money- and risk management.
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