Beast240184 posted: I am a scalper but use pending orders, that way you are always calm.
How does that work? I thought that for scalping you needed market orders?
It all depends on what scalping defines for you. Most traders assume scalping is sitting infront of your screen waiting for the market to give you a setup and when it does you pull the trigger hoping to catch a few pips. Normally you open a market order when in profit with some money $ you close your trade. I assume scalping is for most people 1 to 10 pips at most and to put in a stop loss of 1-1 for example ( 5 tp and 5 sl ) its high posibality you will get stopped out more times than you make your 5 pips. Thats why most scalpers normally only open market orders and hope it goes in their way, as soon as they in profit as i said before they close their position out usually becuase they are afaid it goes against then and loose that they could have made. The problem comes when you go in negative and dont want to close your trade with a loss, you normally take a big loss or loose your whole account. Thats where pending orders come in. Set and forget, you win or you loose, no emotions.
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