02/08/2022
Implementing these 5 keys, will
increase your profitability with scalping.
1. A winning scalping trade can flip in a second's notice. You need to have a tight stop loss that trails as your trade racks up profits. If it reverses you still leave the trade in profit, and can look for another setup. Don't get caught -30% because you were
undisciplined.
2. You should have a MAX number of trades you are
willing to take in a day. 3-5. Win or lose, stick to your plan and come back tomorrow. Overtrading might get
you a little more profits one day, but never ends well in
the long term.
3. Scalping is typically done on lower timeframes; however, you meed to have a decent understanding of what that pair is doing on at least the 1hr timeframe.
This way you know whether sells or buys will be stronger. Always look at key areas on larger time frames when scalping. This will also help with setting tp's and sl.
4. Sometimes the best thing you can do as a trader...IS
NOT TRADE. Step away from the screens and numbers
regularly. This will help you remain unfazed by tunnel
vision, and allow you to think and trade more clearly.
5. Confidence in your strategy is everything. Don't get stuck in the trading cycle of doom. Stick to your strategy, and manage your risk. Quit changing up indicators. and analysis after every trade. Perfect what
you already have and understand IT TAKES TIME.
Let us know your thoughts in the comments🔥
