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Tzachi · 08-06-2005, 10:39

Rollingstone,

U are right, its not exectly scalping since we can stay in the trade a bit longer, up to 10-15 min sometines with a CLEAR trend. If the market gives 20 pips we take it (if its a clear trend).The nasdaq daytrader get in and out in secs to a min to grab a few cents a share.

I use ONLY the 1 min chart, do not care about the long term trend and stay away from news. Its a real business. You invest (your startup capital account), you buy a product (open a trade) and as a good businessman/trader you must have as many as turn over you can have to make a highr profit. So many trades a day (8-10) X small profits is safer than one trade that may go up and down 30-50 pips and your blood pressure rate too. And at the end of the day, the one trade may be a loss or even with the abvoe system.

This way its a business and not gambling.

Tzachi.

08-06-2005, 10:39	#12 (permalink)
Tzachi level 3 Join Date: Aug 2004 Posts: 146 Rep Power: 0	Re: Scalping Strategy Rollingstone, U are right, its not exectly scalping since we can stay in the trade a bit longer, up to 10-15 min sometines with a CLEAR trend. If the market gives 20 pips we take it (if its a clear trend).The nasdaq daytrader get in and out in secs to a min to grab a few cents a share. I use ONLY the 1 min chart, do not care about the long term trend and stay away from news. Its a real business. You invest (your startup capital account), you buy a product (open a trade) and as a good businessman/trader you must have as many as turn over you can have to make a highr profit. So many trades a day (8-10) X small profits is safer than one trade that may go up and down 30-50 pips and your blood pressure rate too. And at the end of the day, the one trade may be a loss or even with the abvoe system. This way its a business and not gambling. Tzachi.