Steve17 wrote: ↑Mon Jan 15, 2018 4:40 pm
Thanks I am learning to scalp on the ladder, the problem I have is that during the day I am working, in the evening there is not much liquidity in the markets does this change as we move into the summer months
As Dallas says it's a tough time of year. But don't just rule out those evening markets. Liquidity shouldn't be an issue for you, but admittedly it does often go hand in hand with volatility which is the potential danger (or can be your friend).
You can still learn a lot from it as you grind your way through 'The Knowledge', but what I'd suggest is that you give yourself a little more freedom than scalping allows. Just go small, £2, pick a downside exit point to stop at, and allow your trade to move further into profit if it does so. Weak, illiquid markets have the potential to show a decent amount if momentum when they move, but watchout for sharp pullbacks. ie give yourself the chance to learn how things develop without being obsessed by micro moves. Even trading at random
should end up break even over time so it shouldn't cost you too much to get involved. If it does cost you more than you expected, then that's your first opportunity to look closely at what you've been doing and make the necessary adjustments.
So many new people pick scalping as the first discipline to learn but imho it's probably the hardest one to master. Trade slower moving markets, try swingier trading, try more mechanical markets like tennis, almost anything except the tricky world of scalping where a sudden move can test your psychology to the limit....or do whatever you like, we're all different
Good luck, and keep it fun or you'll get frustrated before you've learnt anything.
