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    Scalping is Fun! 4: Part 4: Trading Is Flow Business
    Scalping is Fun! 4: Part 4: Trading Is Flow Business
    Scalping is Fun! 4: Part 4: Trading Is Flow Business
    Ebook42 pages38 minutes

    Scalping is Fun! 4: Part 4: Trading Is Flow Business

    By Heikin Ashi Trader

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    About this ebook

    Scalping Is Fun!


    Part 4: Trading Is Flow Business


    Trading profits are not equal on the 20 trading days of each month as a regular office job probably would. Experience shows that the results are asymmetrical in occurrence.


    There are days where it runs like clockwork and days on which trading seems to produce only losses. In this fourth installment of the series "Scalping Is Fun!" The Heikin Ashi Trader looks at the right time to trade.


    Successful traders know in specifics when not to trade. They focus on the times when market conditions are optimal for them. In order of events, the fun turns by itself, then the success follows suit.


    In this state of "flow" discipline, this is easy to achieve. Fast scalping promotes the rapid close of loss positions and the quick takeaway from accrued profits, also of equal importance.


    Index


    1. Only Trade When it's Fun
    2. When Not to Trade
    3. The Best Trading Hours For:
    A. Forex Traders
    B. Index Traders
    C. Crude Traders
    4. Why Fast Scalping is Better than a Few Well-considered Trades
    5. Discipline is Easier in Flow
    6. Warning and Control Instruments
    7. When You Win, Be Aggressive and Be Defensive When You Lose


    About the Author:


    Heikin Ashi Trader is the pen name of a trader who has more than 17 years of experience in day trading futures and foreign exchange. He specializes in scalping and fast day trading. In addition to this, he has published multiple self-explanatory books on his trading activities. Popular topics are on: scalping, swing trading, money- and risk management.

    LanguageEnglish
    PublisherDAO Press
    Release dateOct 10, 2018
    Scalping is Fun! 4: Part 4: Trading Is Flow Business
    Author

    Heikin Ashi Trader

    ​Heikin Ashi Trader is the pseudonym of a trader who has over 19 years of experience in day trading futures and currencies. He traded for a hedge fund and then went on his own. He specializes in scalping and fast day trading. His scalping book "Scalping Is Fun!" is an international bestseller and has been sold more than 30.000 times. His books have been translated into 11 languages.

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    Reviews for Scalping is Fun! 4

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    • 5/5
      Really a treasure it gives me 100 steps before i start the first one !!
    • 5/5
      very eye opening. thank you for your insight i appreciate it.

    Book preview

    Scalping is Fun! 4 - Heikin Ashi Trader

    Imprint

    1. Only trade when it's fun

    A successful trader does not go into the casino. He is the casino. More specifically: A successful trader is playing the cards on his own terms. He decides himself, how and when he is trading and especially when he does not trades. Knowing when to stay out of the market is one of the crucial benefits that a trader can have against the market.

    It is only natural that a beginning trader initially spends a lot of time to find a suitable strategy. Much less or no time he invests to find out when this new strategy works best.

    I want in this fourth part of the series scalping is fun especially go into the right time to trade.

    Our time is precious. We should as a trader therefore put every effort only to go to the stock market, if the conditions for us are optimal. In the hours in which this is not the case, we should dedicate ourselves better to other things.

    Above all, we should try to prevent from the so-called trading out of boredom. This is a condition in which the trader clearly feels that nothing is to pick up in this phase of the market. Yet, he sits in front of his monitor and observes the market with a sleeping eye. Worse. From time to time he makes a trade out of sheer boredom, even if nothing comes out of it.

    It is the precursor to addiction-trading. Just as almost anything can be an addiction, trading too can turn into a true addiction.

    I myself have certainly recognized such traits in me in my novice years. I was fascinated by the stock market and by this opportunity so to speak to make money out of nothing. I even stayed up at night to trade the asian markets even though I had a 16-hour day in European trading and the US trading in the bones. I think, the fact that nothing good has come out of this in the long run, should be clear.

    This book is not written for the traders who are at risk here. It wants to show especially scalper the way when the action takes place in the markets. And it should be an encouragement, to pick up at these times even the most out of the market.

    ----------------------------------

    So that you can live out your enthusiasm at the right time, it is therefore important that you take pleasure in trading at the times where it is possible. The risk of addiction

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