$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.

Scalping is really gaining popularity