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Learning about scalping


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Learning about scalping

  #1 (permalink)
 
Memo82's Avatar
 Memo82 
Warsaw Poland
 
Experience: Beginner
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I have a few questions about sponsored education courses for futures. If somebody can help, I'll be so thankful.
Did anyone take any sponsored courses here on futures.io?
Do they teach something useful or is it just marketing?
Do they teach anything about scalping futures?
The reason I ask is because for a few days I was reading articles about scalping on this website and some of them are really useful and well described but most of them were just about other people's experiences.
Well, after a while I became confused and really don't know from where I should start to learn.* *

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  #2 (permalink)
 
xplorer's Avatar
 xplorer 
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Memo82 View Post
I have a few questions about sponsored education courses for futures. If somebody can help, I'll be so thankful.
Did anyone take any sponsored courses here on futures.io?
Do they teach something useful or is it just marketing?
Do they teach anything about scalping futures?
The reason I ask is because for a few days I was reading articles about scalping on this website and some of them are really useful and well described but most of them were just about other people's experiences.
Well, after a while I became confused and really don't know from where I should start to learn.* *

Hi Memo82 and welcome,

I can't answer your question given personally I have not taken any courses in the way you describe.


But you posted your question in the section "Trading Journals", whereas it may be best served under "Trading Reviews and Vendors" because you are specifically asking about that topic.

With that in mind I am going to move the thread there, so that it may attract the answers you are looking for.

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  #3 (permalink)
 
AnvilRob's Avatar
 AnvilRob 
Smithfield, VA
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Memo82 View Post
I have a few questions about sponsored education courses for futures. If somebody can help, I'll be so thankful.
Did anyone take any sponsored courses here on futures.io?
Do they teach something useful or is it just marketing?
Do they teach anything about scalping futures?
The reason I ask is because for a few days I was reading articles about scalping on this website and some of them are really useful and well described but most of them were just about other people's experiences.
Well, after a while I became confused and really don't know from where I should start to learn.* *

Scalping isn't something you really need a course on. Rather just get in a demo platform and start placing trades. Look for areas on the chart where price likes to fluctuate. All you need is a few points. Scalping is advanced. That's because it takes large position size to make it worth your time. Courses are good if your learning something like order flow etc. Maybe even really learning how to do basics. Your better off just getting in and executing demo trades if that's gonna be your forté. There's allot of free content out there.

I save courses for the areas where it's really hard to grasp something and it's hard to get any info on it.

This is my opinion man, not sure if it helped.

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  #4 (permalink)
 
matthew28's Avatar
 matthew28 
United Kingdom
 
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Though be aware if practicing scalping on sim for very small profits, and you are trying to trade through limit orders, that sim trading can give unrealistic or optimistic fills that sometimes wouldn't have been filled by real orders if placed at the exchange.

I would recommend using screen recording software and having a decent DOM open on the recording so you can see how much is in the orderbook and how much is being transacted at the relevant price.
You can then watch it afterwards and see how realistic the results you are getting on your platform are likely to be in reality and take that in to consideration.

You do not win as a trader, you just get to play again the next day. If that game doesn’t appeal to you then you should not trade. Gary Norden
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  #5 (permalink)
 
AnvilRob's Avatar
 AnvilRob 
Smithfield, VA
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matthew28 View Post
Though be aware if practicing scalping on sim for very small profits, and you are trying to trade through limit orders, that sim trading can give unrealistic or optimistic fills that sometimes wouldn't have been filled by real orders if placed at the exchange.

I would recommend using screen recording software and having a decent DOM open on the recording so you can see how much is in the orderbook and how much is being transacted at the relevant price.
You can then watch it afterwards and see how realistic the results you are getting on your platform are likely to be in reality and take that in to consideration.

Some very good points here. One thing to keep in mind is order que. To find successful scalps at key levels I have to learn to to place limit orders in levels well in advance to be at the top of the book. Even then I get partial fills from time to time.

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Last Updated on September 19, 2021


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