SFL Trader, why don't you upgrade your guide to a full book and then publish it in Amazon? Excluding Christopher Farrell's book "Day Trade Online", there is little info about scalping with the order book, and Chris' book seems somewhat basic (yet interesting!) to me.
After hours trading is an illiquid environment, so if someone buys or sells "at the market" they risk getting assassin slippage like the one you've shown. If you trade after hours, ALWAYS use limit orders and forget about placing physical stop loss orders unless you want your head handed to you...
That's completely false. Your order will get filled as soon as someone hits your bid AND there aren't other buyers at your bid price level who had placed their orders before you did. Same on the ask side.
Continuous usage of market orders is the quickest way to the poor house. Doing that is...
Let's see.
If you place a buy order at the current bid price, your order will be QUEUED at that price level - you'll have to wait for existing orders at that level to get filled before yours is.
If you want to be sure of being first in line, then you must raise your bid a single penny above the...
Think whatever you want. If you are neglecting some parts of your life, then do something (positive) about it, but don't blame trading or the markets...problem and solution are both in you.
I'm still in the demo trading phase, though I'll put my 2 cents on this topic:
Personally I don't care about being the best trader ever. As long as I make big money, who cares a crap if others make bigger money? :whistling
And the fact this so-called "game" (actually, a business) requires to...