My initial risk is 1% or less of my portfolio. Investing, trading, I call it speculating. I make money by buying and selling equities. Does it make any difference what you call it.
Yes Sim helps develop habits and second nature responses and reaction. Scalping has to be second nature to be successful IMO. No time to ask ; should I or shouldn't I do this or that? Buy or sell? You see a setup forming and look at past price action especially last 20 bars and then quick focus on immediate prev 3 bars and then make a quick mental calculation on the probabilities then decide to go for it or not. The larger context..TR...Channel..trend should already be identified in your mind. Between trades you can modify and clarify the larger context as it too evolves. We are talking about seconds say 1 to 5 sec once a setup matures for a possibke entry from until the time you take a position. Not everyone would scalp that way but I am describing my way of scalping.
Good thing you said anticipate cause if you use that naughty word "predict" the entire trading universe (except for a few sections) goes into uncontrollable spasms..foamng at the mouth...etc. I have always said we ALL are trying to predict the markets next direction or we would not be taking a position. That seems to be too big a pill to swallow but traders can somehow manage to accept the softer term "anticipate." It is all semantics and quite laughable to me!
On probably 99.8% of my scalping trades I anticipate, I predict, I forecast. On the rest (tiny amount) I just take wild guesses and HOPE. ROFLMA But I say to Anticipate, predict, forecast and place a bet, I do have to look at data and make an interpretation. Of that data then I anticipate what is likely coming and make a forecast. Then I predict by taking a position. If my anticipation, forecast, prediction is right then I hear a jingle in the cash register. If not ...well...that is what SLs are for and in such a scenario that may happen then I am keen to get back that loss quickly and by that I usually mean seconds or minutes and not hours. Once the loss is recovered I then can return to hear more jingles in the cash register until my ears are tired and my mind is lethargic.
You’re laughable and the naughty word is SIM. Who do you think you’re kidding with this nonsense. The only thing you do live is ROFSYP(Rolling on the floor shitting your pants). Fu** you too, Mark Brown.
Are you and demoncore kin? Or should I say demo core and he can't seem to get the word out of his mind!
bc you mention you're sim in every post loosely related to trading. When are you going to promote from 10-lot micro tickets to 1-lot NQ sim? implied pullback.