$3,000 To $100,000 By Scalping System In A Month Challenge

Hello All, I have been following this wonderful sites for long, due to the kind of busy I'm in my trading place, I hardly have time to register which would have enabled me to comment on several topics being discussed.

I took so much interests in some topics being discussed about if scalping is profitable or not, I decided to register this weekend to so to join the train of discussions .

Also decided to make it known that scalping is very profitable but depending how disciplined the trader is, and kind of risk to profit ration the trader applies.
Honestly speaking I have been scalping for so many years now and this is my best and chosen style of trading.

I style follow the rules set by my parents and hopefully if I'm granted permission to connect live account here, a brand new, I will put up a 3k live account and scalp on it, if not I will connect the demo on here to copy from live account with the best copier I can get.

To be a successful scalper, the broker you choose matters a lot, go for brokers with little spreads, instant price execution and no re-quotes brokers that will frustrate your scalping techniques. To be continued......

Day 2 and counting

What happened? Why did you stop posting updates?

Yeah what's going on? You can't have blown your account already

shirtgeek posted:
Yeah what's going on? You can't have blown your account already

By the silence... He might've done it :D If I would be succeeding in this - I would be bragging about it 24/7! That's what people get for trying to pull off '$3,000 To $100,000 By Scalping System In A Month Challenge'. Scalping is not the best for such things.

And his tag is 'Consistency is all that matters'

Tekich posted:

shirtgeek posted:
Yeah what's going on? You can't have blown your account already

By the silence... He might've done it :D If I would be succeeding in this - I would be bragging about it 24/7! That's what people get for trying to pull off '$3,000 To $100,000 By Scalping System In A Month Challenge'. Scalping is not the best for such things.

it actually is, i did 100€ to 2500€ in 3 weeks on 1m and 5m charts

risk was about 5% per trade and i did about 100 trades per week at 2rr at least

after some point i decided a few things
1. at the end of the week i was exhausted, i could only do proper trades on the first 2-3 trading days after that my mind was blown
2. its another thing risking 5€ and totaaly different risking 75€ on a single trade, psycology is a big problem after one point

in the end, i set my targets trading the 4hr timeframe with 5m and 15m entries

all timeframes are essentially the same

only problem now is my luck of patience cause i target 5-10rr or even more but at 1-2% risk i am currently taking i am not willing to leave a trade that stands at 3rr to come back at my entry so i ussually exit early if the move is not parabolic

if the trade gets past 3rr to 5rr for example (that happenes when i am asleep cause if i am awake i still close the trades, iam working out how to fix this problem of exiting early) i trail by structure, so 5rr trailingstop becomes 3r, or 10r becomes 8r

Apologize for delay, I was simply asked by parent to take things down and focus on my trading, I did never wait for approval from them to run that test directly from real accounts detriment. But I'm now given the go ahead to start afresh as I said it's just for discussion purpose. Please note that I'm putting on fresh account and please don't try and do trades I will be doing as its simply with professional tools I do use, it might look easy but never easy.

It seems to me that scalping is a rather complex approach that requires not only detailed study, but also qualitative testing.
I think that if you are very interested in something, you should definitely try it, the main thing is to take your time and let yourself get used to it.