I have been trading using scalping for some time, so I can say that this is a very profitable strategy. But at the same time, there are great risks for losing your account. You have to decide for yourself how much you are willing to earn. and how much to lose. If the position went negative, determine the bottom, and decide whether to close the position or not. Good luck to everyone.
Admoni posted: I have seen according to my trading experience the newcomers always looking for scalping strategy that brings profit in a short time than others techniques , but scalping sometimes causes a great losses if you don’t make sure lowest trading spreads. So for scalping first of all please make sure most comfortable trading spreads.
For newbie scalping is harmful. It spoils the mind set. It's because of scalping new traders do over trading a lot. Scalping makes a newbie restless. To me a newbie should start with day trading.
Scalping can make a lot of money. However, its existence does not last long. If you do scalping, you will have to face loss one day and that loss will be a lot. Which will hurt your emotions and as a result you may lose your trading money by going for more scalping. You have to trade by maintaining the strategy. You will never lose if you do long term trading with market analysis.
Scalping is actually my best way of making profits consistently, But due to I have mastered tge techniques, it look so easy each time I'm doing.
If you must scalp and want to be a successful scalper, make sure you have the mindset to take manageable loss when they market is against you, in other words, trade with no emotion, This is the techque I employed to be among the successful Scalpers. I scalp a lot each day and take loss when too small and always make sure the sum of my winning trade greatly exceed the sum of my losing trades, now that is how you scalp.
My scale is like 1/8 when scalping, do that successful two to three times, you will always end up winning daily, but to achieve this, you must always wait for the right time to enter trades.