Scalping is a blessing technique for traders like me as I don’t need to invest my whole time in trading.
I think scalping is easier than other types of trading. I won’t say I am a consistent profit maker but I carry profit on average at times.
Scalping isn't something that is difficult to master. It requires a lot of patience and quick reaction, and I don't belittle the difficulty of mastering it. It's indeed complicated as it demands tons of energy and extreme level of emotions control. I've never tried scalping but have a couple of friends keen on this trading style and I know how they work hard to close the day in plus. I am not envious to them, cuz I realize that I'd barely stand at least one day.
I have never considered it, so shoot me down if I'm crazy, but shouldn't you just let a computer do scalping? Seems risky not to. Also, seems like you'd be at a huge disadvantage against people hunting your strategy or other scalpers that are automated.
Sometimes my scalping trades go well whereas sometimes I feel disappointed. Hope to grab the market in future completely to make handsome amount of profit in the market.
Your approach to trading, focusing on a simple, calm strategy and avoiding high leverage, aligns well with risk management principles. Achieving significant returns on a small account can be impressive, but scaling to larger amounts involves additional risks and complexities. The high probability of loss in trading and the pitfalls of active trading are valid concerns; maintaining a passive approach and managing risk effectively can be prudent strategies for long-term success.
If you are just learning how to trade using scalping, then there is no need to rush. You need to have a strategy and follow the rules of money management. It is important to understand that strict discipline must be observed. The cost of error is higher than with another trading strategy
Scalping, a strategy involving rapid and frequent trades, requires a well-defined plan and strict adherence to money management rules due to its high-risk nature. Discipline is crucial in scalping because the margin for error is smaller and the potential for quick losses is higher. Consistently following a strategy and managing risk carefully are essential for long-term success in this approach.
Scalping, when used correctly, brings quick money. In any case, it is worth considering that scalping is more suitable for experienced traders as it requires strict discipline and market knowledge (trading experience). When you have more free time, when you have experience in market analysis, this method of earning money works quite well.
Short Scalping Trade Example 1. Market: EUR/USD on a 1-minute chart. 2. Analysis: Identify resistance at 1.1200 with RSI above 70 (overbought condition). 3. Entry: Short at 1.1200. 4. Risk Management: Set stop-loss at 1.1210 and take-profit at 1.1180. 5. Outcome: If the price hits 1.1180, secure a 20-pip profit; if it hits 1.1210, limit the loss to 10 pips.