Replies to post #1636 on PIVOT POINTS;standard,demark,fibonacci

[cnvegas]

Hey dotnet thanks for the post. Sorry for the delay long day.

Right now I'm trading the morning hours in scalping trades. After TDA dropped my commission rate I find I can scalp 3-5 contracts for quick trades. Not the greatest trading plan but a safe one. I've been combining PP's with RSI for entry point and exit points.
It(RSI) is a different kind of PP.IMO

Only problem is finding a stock with cheap options that will pop good for the scalp. And The big secret I found is realizing what is a good percentage money scalp and taking it.

I can usually find three or four stocks that will pop or fall enough to give me a quick 35-40% in minuets. Taking that profit has eluded me at times when greed hits and I stay for more. Bad idea. Take the $$$ and run. I'm talking 4 to 10 min. and you hit.


I have a lot on my plate right now. So this type of trading lets me keep my hand in things and I still can make my commitments.