Please read carefully before posting... as I said... you have to set STOP LOSS orders!!! If one bought the euro at 1.39xxx without stop loss then... it his problem...
You say its 'ok to be in' because the price 'will eventually come back'.
I've never said that!!!
All I said it's ok to hold a losing position as long as your analysis is valid and you have stop loss to protect your capital in case your analysis is wrong! It is very different from what you understood, you know...
As for myself I can consider myself a scalper. My trades reveal that especially of my accuracy in over 70% of my trades.
First of all, scalper is not a trader that has high entry accuracy!!!
According to Investopedia, the definition of 'Scalper' is: A person trading in the equities or options and futures market who holds a position for a very short period of time in an attempt to profit from the bid-ask spread.
You hold positions for days, so you are not a scalper!
Furthermore, your average entry accuracy is not over 70% is only 55.27%, which is almost 50%-50%, thus pure luck!