Quote Originally Posted by Sanlmar View Post
Quote Originally Posted by sonatine View Post
does anyone have any guidance/thoughts on exiting scalps at limit vs market?

im arriving at the conclusion that i should exit via market on trades that are deep in the green, and focus on the buy if things break bad and i need to amscray fast..

if this helps im focusing on large cap securities.
You always have a plan.

You always have a stop limit. A point where you have to admit you are wrong. They are all limit orders. I know they see that limit order sitting there. It’s a target for them - that’s fine.

As well, you have an expectation as to where the price will go and a suspicion about where resistance is gonna surface. If it hits resistance and starts to fail you’re out, perhaps. Fib retracements might be allowed as it consolidates. But no more.

Market orders are very rare for me. They usually end badly.

You gotta gotta get into charting. I don’t know any other way to do it. You just develop such a good feel for breakouts and break downs.

You will be fascinated.

see this sounds like swing/position trading, where youre trading a thesis.

im just looking for breakouts/momentum and dumping when momentum falters. 20 seconds to 2 minutes in situ then im a slightly richer ghost.