I started scalping recently, so far i can say i've been profitable consistently, just not on a very large scale. i have a question though for the rest of you... when you refer to scalping a particular time frame, what exactly do you mean by that? do you mean, for example, that if you're scalping 5 minute time frames and the stock (or anything else you might be scalping..) moves in the direction that makes you profitable right away after a trade, you won't cover the trade? you'll wait till your time frame is met before covering? or, more likely, do you simply mean that you look at a particular time frame chart(1 min candle sticks, 5 minute candle sticks, etc.)? please clarify as i've been seeing this come up and not sure if i understand the terminology used
For those who take losses on big rapid moves, what are we talking about here? Gaps down? News events? Bid-ask spread changes?
for me i dont use regular tight SL, i am using instead a disastrous sl which is away about 50% of my account balance. Just in case. I hope this would explain things