Lets start with Scalping 101 .. PART 1
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Criteria to be a good scalper
-FOCUS
-FAST HAND
-FAST INTERNET SPEED
-SENSITIVE to Price and Vol MOVEMENT
-SENSITIVE to Market Sentiment
-HARDWORKING
-DISCIPLINE
-ETC ETC, will add more when think of
Today not talk about how to trade first. BUT , more on.. WHAT HOMEWORK you need to prepare?
HOMEWORK 1
-MOST ACTIVE STOCK
-TOP GAINERS
-TOP LOSER
write down top 10 in your list... EVERYDAY
HOMEWORK 2
-READ more news ... e.g. The Edge... every morning before market open (headlines also ok)
HOMEWORK 3
- Do watch list in Sector, Theme , or Person
example:
Water , Solar , Semicon , Construction , Gambling, F&B , Retailers
Green energy, Oil and Gas, Politician own counter..
AND
Find out those MARKET LEADER from each Theme/Sector..
once you have prepared your Homework 1,2,3...
You may zoom into the counter you want to do scalping.
as scalper, we need counters that are most people discussed, most ppl wanna jump into.. most people are panic to buy .....right?
.. we dont mind to chase high, as our stop loss just 2 bid away ( but , ofcoz we need to apply strategy, and patient plus right timing)
above are the homework u need to prepare.. and the way for you to SENSE the market.....
Shall continue in PART2.... stay tuned , Tuesday 12pm in our facebook page
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