2/ Use primarily Fibonacci Trading Why?
- Pullbacks allow you to get CHEAP discounts
- Chasing options at the open can be VERY expensive
- Optimize your risk reward
I am PLEASED To Announce Day Trading University Lesson 2
Will be ABOUT SCALPING! This is the KEY to Growing Small Accounts
I've used this to go from 5k to 80k in 1 year
You MUST read the FULL Thread For Access to CLASS 🧵:
1/ Scalping is turning over your capital quickly while day trading. Usually less than 1 hour of total trade time to get in and out of positions. The GOAL is to get to CASH as soon as possible to minimize risk.
2/
For scalping I use the following critical strategies
A - Fibonacci
Focus on the GOLDEN ZONE to enter trades optimizing risk reward between the 0.5 to 0.786 Fib. New Traders should just focus on the 0.618. Keep your stop loss at the swing high/low