pro scalper

[thefxpivotpoint]

scalping isn't easy but being in today's heart stopper isn't easy either.

 

[thefxpivotpoint]

technical analysis video

 

[thefxpivotpoint]

the single most important part of scalping is position sizing.

the smaller the better.

longevity in this arena isn't based on skill but on how you manage risk.

a great risk manager will trump a great trader any day.

 

[thefxpivotpoint]

the video's i post have an intro to my website.

can someone tell me if that's legal here?

if it's not i'll post my technical analysis videos without any 'ads'

 

[thefxpivotpoint]

by the way...

did you know the largest retail day trader in the world is a scalper?

 

[lbranjord]

Scalping to me is a less stressful game than most realize. If you are fluent in the moves, you get to have a higher strike rate (good for the soul). You don't have to watch your trade hit a support or resistance, you can just cash out enough to break even and let the rest run, or cash it all out and go golf 🙂

 

[JahDave]

It all depends on what you call scalping.......If I put in a longer term trade in and I am up 100 pips then I take the profit and look for a pullback to get back in. In a strong trending market I miss out sometimes, but 90% of the time I get a better reentry and this is scalping to me.

 

[thefxpivotpoint]

Scalping to me is a less stressful game than most realize. If you are fluent in the moves, you get to have a higher strike rate (good for the soul). You don't have to watch your trade hit a support or resistance, you can just cash out enough to break even and let the rest run, or cash it all out and go golf 🙂

absolutely agree with every word.

small wins... day after day add up quickly.

i used to love golf... i used to be about 5 over... now... about 25... so

now i hate golf. 🙂

 

[lbranjord]

It all depends on what you call scalping.......If I put in a longer term trade in and I am up 100 pips then I take the profit and look for a pullback to get back in. In a strong trending market I miss out sometimes, but 90% of the time I get a better reentry and this is scalping to me.

I call that scalping. I trade roughly the same way. I find an entry based on 4hr/daily/weekly and when I see a tough resistance and decent profits, I sell half or all my lots. I usually close completely within a few hours though. Who knows, maybe that's just day trading. Too many genres 😏

 

[thefxpivotpoint]

that's always a good question.

It all depends on what you call scalping.......If I put in a longer term trade in and I am up 100 pips then I take the profit and look for a pullback to get back in. In a strong trending market I miss out sometimes, but 90% of the time I get a better reentry and this is scalping to me.

what defines a scalper.

well... i fire off around 30-60/trades daily.

i trade very small lots and trade often.

most of the time i'm in the market for minutes.

i'm right or wrong...

then i'm in or out.

i will let the smaller positions float if i believe they will come back.

i have a very high hit rate... 80%

because i trade small i have a very low drawdown... around 2%/month.

so... to me a scalper is someone who trades small with high frequency.

Mike

 

[lbranjord]

absolutely agree with every word.

small wins... day after day add up quickly.

i used to love golf... i used to be about 5 over... now... about 25... so

now i hate golf. 🙂

Ha ha, I know the feeling. I can usually get a bogey, that's good enough for me

 

[15 min tlb]

It all depends on what you call scalping.......If I put in a longer term trade in and I am up 100 pips then I take the profit and look for a pullback to get back in. In a strong trending market I miss out sometimes, but 90% of the time I get a better reentry and this is scalping to me.

What is scalping?

 

[BobbyBB]

What is scalping?

One way to define it is a very profitable strategy for the brokers :cheesy:

 

[15 min tlb]

One way to define it is a very profitable strategy for the brokers :cheesy:

seems true ....