[Preserved Edition] What Billionaire Traders Are Doing: Scalping

Hello everyone.

Today, continuing from yesterday, I would like to write an article for beginner traders or for those who have some experience but are not seeing good results, and want to review their trading once more.

This is for traders who want to reassess their trades.

■ Recap of yesterday

What is the rule necessary for trading?

“Develop the habit of making flexible judgments and evaluating the current situation from multiple perspectives.”

・What does flexibility mean?

Taking actions according to the situation.

In some cases, changing the response accordingly.

If you apply this to the market, you might have kept a long position during an uptrend, but when a break occurs and losses pile up, you should temporarily regard it as a range and halt trading.

・What does it mean to judge the current situation from multiple perspectives?

Step away from your own position and imagine you are a different person or in a different situation, to view things from a fresh perspective.

If you apply this to the market, since long positions incurred losses, how about entering a bit deeper?

A long breakout may yield profits, but exits may be slow, leading to break-even or losses.

Then how about entering before a line break occurs?

“Develop the habit of making flexible judgments and evaluating the current situation from multiple perspectives.”

is necessary.

And today

What should we look at in trading?

is.

Recently, among the questions I’ve received, there are more inquiries like, “Is it only a 1-minute chart? Do you not look at the 4-hour or daily charts?”

These are questions about environmental awareness, I suppose.

Those who want to look at it will look, and some who look will win, while others will lose.

Fundamentally, I think those who want to should look.

I rarely look at the 4-hour or higher, and the reason is that there isn’t much of an advantage to doing so.

My scalping involves short timeframes of about 15 minutes, so the 4-hour or daily charts are not relevant to me; I believe you can trade on any timeframe you prefer.

In short, it’s about practicality.

＊What is practical

・Relates to actions and deeds, and the act of aiming for such actions.

In my trading, it means whether you can complete a short-term trade.

And what you look at is also important.

That is information.

For example

ForexFactoryand

Bloombergand

Bloomberg TVand so on.

You can watch worldwide news in real time on Bloomberg TV 24 hours a day.

To think you can watch this for free, as with this article, is impossible.

Let me say it again: it is impossible to access it for free.

＊To use Bloomberg’s dealing platform, I believe you need a corporate contract with an annual fee of around $50,000.

It’s been about ten years since I last checked, so if you’re interested please research it yourself.

For example, if a hurricane occurs and a major oil pipeline is blown away, Bloomberg TV would report it.

If you saw that news, you could quickly access the platform and buy vast amounts of crude oil.

About 65% of the FX population seems to be Japanese, but those who move the markets are overseas institutional investors and large funds.

Compared with that, if we near-pros can obtain information similar to what the pros have in their dealing rooms,

wouldn’t that be somewhat better?

In this way, once you enter the market, you should first gather information, and based on that information (including economic indicators), prepare for trading.

If you blindly take positions just because “it came” or “it moved,” it’s hard to achieve good results.

Today I have explained what to look at in trading.

A genuine non-cheating method

↓

The scalping used by billionaires

↓

https://www.gogojungle.co.jp/tools/indicators/42559

Stress-free unconventional hedging (well, you’ll hardly lose)

↓

https://www.gogojungle.co.jp/tools/ebooks/19435