Scalping is Risky?

Discussion in 'Forex' started by Coner1980, Jul 22, 2020.

  1. Jzwu2017

    Jzwu2017

    I used trend-based scalping. Today is actually a good day for scalping. Ken, I think you were trading the wrong stuff, e.g., UVXY.
     
    #301     May 19, 2022
    KCalhoun likes this.
  2. easymon1

    easymon1

    Got a chart to post up, show us a little of what you're doing?
     
    #302     May 19, 2022
  3. Jzwu2017

    Jzwu2017

    Very simple. If you determine an uptrend try to find a good time to buy low and then sell high, vice versa for a downtrend. Grab a decent profit and out. Don’t stay in too long due to the volatility and unpredictability.

    For example, today QQQ was in a zigzag pattern. You can do this on the up swing and down swing. If you’re wrong get out quickly. It’s scalping anyway.
     
    #303     May 19, 2022
  4. easymon1

    easymon1

    Got a chart to post up, show us?
     
    #304     May 19, 2022
  5. Jzwu2017

    Jzwu2017

    What chart? You can see the QQQ intraday chart yourself. I guess the key is you get the trend right. Another key is if you get it wrong get out quickly.

    Also, if it’s not real time call showing chart afterwards means nothing.
     
    Last edited: May 19, 2022
    #305     May 19, 2022
  6. easymon1

    easymon1

    You got no chart to show us. Got it.
     
    #306     May 19, 2022
  7. Scalping is very risk approach of trading because it is playing on the random probabilities.
    However if you see big timeframe chart, there are some of the reasonable trends and big price movements, so it is safe to swing trade.
    Playing many times in the market eventually makes traders overtrade and no one can overcome this challenge all the time.
    I prefer swing trading and large timeframes.
     
    #307     May 20, 2022
  8. do scalping with risk management , and bring good amount of money. simple
     
    #308     May 20, 2022
  9. Jzwu2017

    Jzwu2017

    In a volatile market like nowadays it’s hard to predict any longer timeframe movements than intraday, so scalping is actually safer.
     
    #309     May 20, 2022
  10. Handle123

    Handle123

    Market generally shows segments of what type of entries one should take. Higher highs and lows, 21sma sloping are trend signals. When 21 sma is flat, buy bottoms/sell highs, risk small and target other side to trade chop.

    This is not learning high degrees of Math to scalp, but one has to do much testing.
     
    #310     May 20, 2022