Scalping - no trend days

Discussion in 'Forex' started by salamanderforex, Sep 1, 2020.

  1. I think on the days when you can’t spot any trends for profitable scalping, it’s better to make changes in your strategy or just don’t trade in those days. Everyone of us has bad days. Let’s just normalise that there’s no compulsion for a scalper to make a certain number of trades per day and it's okay to sometimes sit on their hands and protect the losses.
    In the end it doesn’t matter how many winning or losing trades you have, but how much you earned and saved.
     
    #41     Nov 16, 2021
  2. There is no point in sticking to a strategy that doesn’t work anymore. You either make changes to it or build a new one.
     
    #42     Nov 22, 2021
  3. there is no trading strategy whcih work for a long time , its all about short time trading approach even in spite of having most powerful money management.
     
    #43     Nov 23, 2021
  4. I agree with you. If any strategy is not working for you, you should stop using it and find another one that fits your needs. This can save you a lot of time and money.
     
    #44     Nov 23, 2021
  5. its all about short time approach , so no way to bring long time profit by scalping.
     
    #45     Nov 24, 2021
  6. If you are following a strategy that is not profitable for you any longer, you should either change it or build a new strategy on new information. Don't stick to a strategy that never worked for you.
     
    #46     Nov 28, 2021
    Bree98 likes this.
  7. Bree98

    Bree98

    Yes, and it is always better to back-test your strategies for different time frames. Possibility of failure reduces to great extent.
     
    #47     Nov 29, 2021
  8. cravat

    cravat

    I agree with other fellow traders here that a strategy should be refined if it is not working properly. When you are not sure what needs to be changed, it’s a good idea to make one change at a time in your strategy and back-test it. When you make two or three changes simultaneously you will never realise the actual fault.
     
    #48     Dec 3, 2021
  9. kroxobor

    kroxobor

    can you suggest any good scalping strategies? Most of them require speed which retail platform can't boast with.
     
    #49     Dec 7, 2021
  10. the success of scalping strategist depends on your money management , so we the traders first of all have to make sure the good money management.
     
    #50     Dec 20, 2021