Well there has sure been a lot of workup over the new scalping thing on youtube. So, I want to be clear about what I am doing if I have not already been. Be aware the my trading balance is very very low and it's low for a reason. This kind of risk is not meant for a large portion of your net worth. However, it's fun to do and a good skill to perfect as long as you are not too emotionally tied.
Jun 27, 2016
Jun 24, 2016
Well, I ended up legging long the gbp/jpy after what I though was the end of the Brexit move. Little did I know there was going to be another 1,000 pips in the gbp/jpy. This nearly took me out, but it has forced me to go back to the scalping system that I used to do. The reason I had stopped it was because the draw downs were too big. However, I think I can manage it if I stay more disciplined about how I grow it.
at 8:27 AM
Jun 19, 2016
Well, as you saw in the video this past Friday, I had put on some risk by legging out of the triangular arbitrage based setup that I had on from the previous week and that was primarily centered around being long the usd/jpy, gbp/jpy, and eur/jpy ahead of the Brexit announcement that happens this week. Luckily for me, as you will see in the video today, those pairs all opened higher by quite a bit right at 5pm est.. I was on my phone when the market opened and when I saw the equity in my account go to the 280's (up about 16% from Friday alone) I closed everything out right then and there.
at 10:15 PM
Jun 13, 2016
Welcome to a new week and a big week. We have the Fed Funds Rate and FOMC meeting on Wednesday. What that means is there will likely be some movement in the entire world market, including U.S. stocks and currencies. As you know my game is the currencies so that is where my focus will be.
at 3:30 PM
Jun 6, 2016
As you will see in the trading video for forex, I had kept my initial 8-sided position on through the weekend and into today hoping for a 2% move up from the initial equity level of $242.50. I got it this afternoon and took that thing off like a thief in the night. Happy to finally get some new currency pairs going and still coming away with a profit on that last round.
at 2:59 PM
Jun 3, 2016
Well after about a month of working my most recent triangular hedged position, it became time for (for me anyway) to leg 25% of my position. I did it in the way of removing my cad/jpy profit of over 500 pips and adding a 0.01 gbp/usd long position. This was done ahead of NFP as you will see in the video live.
at 11:36 AM
Jun 2, 2016
The point of this is to help give people ideas on how to make extra money by using the Internet. I have been at it for a good 6 years and have finally started to make progress. This is not something that works over night and your success will be based on how well you manage your time and how well you work the right way. It will also take some luck.
at 12:43 PM