I agree. Although I am not constantly in & out, so not really a scalper, but an intraday trader, from personal experience I can add that unless you are an exceptionally lucky individual with a great feel of a market, the following has to be established to continually derive benefit from trading, no matter how short or long you hold on to a trade: 1. Range/pattern analyses; 2. Establish appropriate risk/reward based on point 1; 3. Buy Lo/Sell Hi; 4. Scale out (ImO/E); 5. Understand how to read a headfake; 6. Many hours of screen time; 7. Try and find a set-up that is at least 50/50 win/loss; 8. Never average down what is a confirmed losing trade; 9. Don't overexpose trading capital; 10. Don't 'fall in love' with a trade;
Based on the different explanations about the method of scalping, I would say one of the most important factor would have to be SPREAD the big S. do you agree? ps. I wonder how the words best traders make a profit take for example the so called FX chiefs, other big players and even Palmeve. Look at their website PALMEVE itâs a dot-com. however tho my favorite method of trading is based on Fibonacci. âGO FIBâ bye4now