2 weeks into Order flow | Traders Hideout


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2 weeks into Order flow

  #17 (permalink)

Vancouver, Canada
 
Trading Experience: Intermediate
Platform: Ninjatrader, Sierra Chart
Broker/Data: Ninjatrader Continuum
Favorite Futures: ES, ZB
 
Posts: 175 since Apr 2014
Thanks: 615 given, 129 received

Concur with what was said about being overanxious and jumping at shadows.

I definitely found the benefits of looking at the DOM but the downsides are I became more jumpy from looking at it too much and also at times got out of profitable trades too early, forgetting the big picture. It helped me figure out that I am not a scalper. Scalping is exhausting and at my age (late 40's) I get tired more easily. I am more of a day timeframe trader.

I guess you have to figure out what suits your personality. Can you scalp for a few ticks here and there and not get decision fatigue, make poor decisions and start to give back profits? Only you can figure that out.

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