Scalping looks very tempting. But scalping is good only if you are very skilled and knowledgeable. For newbie scalping is very dangerous. It makes them vulnerable to the market as in short time frame there is very much chaos.
when i trade in scalp mode i use peak and tight stop loss... very fast to move positions in break even and RiskReward need to be 1:2 al least
Follow the momentum
Yes it's true. Scalping is the reason newbie traders make the habit of over trading. As market is always moving it becomes difficult for them not to open trade. As a result they open too many unnecessary trades and lose money.
Oct 11 2020 at 11:09
Scalping is very good if you master it, it earns me much of my profits.
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