Scalping - anyone brave?

Bobby said:

Scalping intrigues me, anyone using this techniqe ?.

Its the trade that only lasts from seconds to minutes to make or lose money.
You grab a profit real quick from momentum & get out ?.

This style of trading is not for the squeamish & even made my heart rate go up just paper trading it ! Beware .

Bob.

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wayneL said:

It's a lot of fun when you're winning.... and you must have the right psychological type.

When I was trading the US, I participated in an Index futures trading chat room, where folks called their trades live. Many of those were scalpers.

Overall it's a tough deal. Some are very talented at it and do very well, most scratched by. The best way to trade in the day trading context (and this is born out in my own experience and watching the others) is trading off support/resistance and letting the trade develop a bit... go for the bigger intraday swing in other words.

More folks were successful this way, than by scalping.

Cheers

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Bobby said:

Gee that must have been fun watching the trades called live !, you must have seen some funny stuff, like the quick & the dead.

Trading of the intraday swings of support/resistance sure would be less stressful as well Wayne ?.

Regards Bob.

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charttv said:

I neglected to add that the profits from hundreds of scalps were tiny compared to what I made on a position trade over the same duration.

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