Im not sure if you guys know how do i make money from the stock market. Im quite sure that a lot of people think that i make plenty of money from Strangle/Straddle Google.

Well I do make money from GTS but i can’t make money everyday from this strategy. It is not everyday sunday as you need to wait for the right IV and opportunity for you to enter this trade. The risk to it can be quite high if you do not have the knowledge in constructing this strategy.

Today i shall reveal to you guys my bread and butter way of trading. As you can see from the topic above, it is none other than Day trading or Scalping. I have make tons of money from using this way of trading style. I can easily take home US50 everyday scalping the same stock. The stock i scalp is … Goldman Sachs (GS).

What are the differences between scalping and day trading?

The main different is time. Scalping is a faster action than day trading. Well it doesn’t really bother me as i enter base on technical and exit base on technical too. Sometime if i buy and close early, it will be a scalp, otherwise will be a day trade. This is because i would love to maximize the profit.

I hearing something from you guys out there … Hmm Is it dangerous? It is very dangerous if you do not know how to handle YOURSELF. Yes the answer is yourself. Scalping or day trading is a very intense game. You have to stick to the screen like a glue. You need to have a steel of nerve and you need to be multitasking too. The most important thing is you need to master yourself.

Why do i keep Saying Yourself?

Trading is all about mastering oneself. This is because trading is all about psychology. The market is make up of human. Human being trade due to greed and fear. Scalping or day trading is like having the fear and greed coming to you at a GREAT PACE. You need to react fast or else you will get slaughter by the market.

The reward of day trading and scalping is enormous yet it can be quite tiring. Someday you might just waste your time seating there looking at your computer without any trade.

This is the main reason why i want to move on to swing trading and do something that is passive income as i let the money do the work rather than i do the work, even though i have make consistent money through scalping or day trading.

Well i know that a lot of people still do not know how I day trade or scalp. Here is a simple illustration … I will setup my trading platform before the market open. I will observe the market once it open till around 10+. Depend on the market condition, i will usually scalp GS at around 10+. Usually i will scalp GS when it has clear direction. That’s mean it is either going up or going down. I will only do it once GS start the trend or having a pullback.

The trick to scalp or day trade is to have patient. Do not be the first to go into the lion den. Ride with the trend or wait for the pullback. Just yesterday i make 25 bucks on GS with 1 contract. I close the trade early as i need to visit the toilet. If not i would be able to make 100 bucks ++. This is because as i puke in the toilet, GS puke too … HAHA …

Okay enough of my nonsense …

I would love to leave with you guys a parting note for today …

It is wiser to lose a battle than a war