Welcome to the story of Trading Farmer, who transformed from struggling with inconsistent strategies to earning $75k+ through scalping trading low float momentum stocks. This first-person account reveals his psychological breakthroughs and practical tactics.
Trader Talks QnA
What motivated you to pursue scalping trading instead of traditional careers?
I wanted freedom from cubicle jobs after seeing my dad’s corporate grind. Having worked on family farms instilled self-driven work ethic, making day trading appealing despite its challenges.
When did scalping become your focus?
After 14 months of losses in 2020, I shifted to pure scalping trading: 25/50 shares, market in/out for 1-3 second trades. No limit orders, no adding positions – just capturing micro-fluctuations in volatile stocks.
How did you determine this approach over others?
Traditional mentors like Ricky/Ross didn’t work through fear of losses. Scalping trading felt like a video game again once I removed emotional decision-making. Free commissions made high-volume trades feasible with minimal risk per trade.
What’s the ideal stock for your scalping strategy?
Low float (preferably < $10 million float) momentum plays with strong pre-market indicators. Some stocks allow buying dips while others demand backside trading. The key is watching how bid/ask behaves on price ladder analysis.
How important is position sizing in your strategy?
Crucial. I went from TraderView’s 5-10 trades/day with $300 shares to 100+ trades/day at 25 shares. Each loss stayed <$30, but hundreds of small wins became significant profits.
Did you use specific tools or software?
ThinkOrSwim for simulation early on, then Cobra trading as my broker. The critical difference came from using price ladder over traditional level two screens – visualizing price flows better than numerical grids.
What were your worst trading habits before mastering scalping?
Changing share sizing arbitrarily based on emotional peaks/valleys, lacking written max loss rules, and trying to force growth like dating someone too quickly instead of letting consistency develop naturally.
How many trades do you average daily?
100-200 trades/day when fully engaged. Even during bad phases, volume helps maintain statistical significance despite 48% win rate.
What’s the key lesson from your $7,000 first-month loss?
Don’t assume profitability means abandoning max loss disciplines. That lesson saved my career when transitioning from cash account to $26,000 margin account.
How do you handle losing streaks?
Accept they’ll happen. I had two months of hell even after hitting $640k yearly. The scalping trading mentality helps – you’re always the guy in COD anticipating moves, not holding onto positions emotionally.
What resources did you use during learning?
I consumed Ross Cameron’s teachings, especially psychological aspects. My website has a basic strategy outline, but execution details came from Ross and Live Traders content.
Key Trading Insights from Trading Farmer
Here are the actionable patterns observed in Trading Farmer’s rise to success:
- Use 25 shares as a baseline position size
- Accept 50% loss rate as normal
- Focus on $1 daily profits, not large wins
- Make trading feel like a video game to reduce emotional weight
- Analyze stock personality through bid/ask behavior
- Never abandon max loss discipline after early success
Trading Farmer’s Strategies
His core approach emerged from breaking typical patterns taught by mentors:
Low Float Momentum Scalping
He targets stocks opening red with strong reversal potential in the first 90 minutes, using rapid-fire entries/exits based purely on price action rather than technical indicators.
Price Ladder Execution
Unlike traditional level two screens, he visualizes bid/ask shifts using price ladder tools that show real-time movement, enabling faster decision-making about micro-dips and pops.
Dynamic Share Scaling
While mostly sticking to 25 shares, he scales down to 10 shares in volatile conditions and up to 50 shares during particularly cheap stock opportunities or winning streaks.
Trading Farmer’s Tools
Key resources that enabled his scalping turnaround:
- Cobra trading for commission-free execution and margin capabilities
- TraderView for tracking 50-100+ daily trades
- price ladder analysis for real-time bid/ask visualization
- ThinkOrSwim for initial simulation work
- Das platform’s advanced level two features
Common Trading Mistakes
Major missteps he acknowledges:
- Increasing position size immediately after short-term success
- Chasing large moves instead of small base hits
- Making unforced trades outside your proven strategy
- Abandoning max loss rules when “learning” phase ends
- Forcing trades instead of respecting stock personality
- Trying to trade without written rules taped to your desk
- Using simulation results as real readiness benchmarks
Conclusion
Trading Farmer’s journey proves scalping trading success comes not from complex systems, but disciplined simplicity. His $2+ million career trajectory shows that consistent small wins can create significant profits. What specific aspect of his approach could you implement in your trading? Share in the comments below what trading pattern you want to explore further.