MoneyTec Traders Community Forum - View Single Post - Giving up on Forex. Any last chance advise?

bobnat · 11-11-2004, 08:29

Carrotguy,

From another post that Pitt made, scalping is primarily a function of time and consistency. If you're in and out in 2 minutes over and over again, they'll label you a scalper. Sure there may be times when you hit a move(or a move hits you) just right and you get out quickly, but the MM's are probably quite adept at spotting scalpers.

I believe he meant that once labeled as a scalper, they'll put you on manual execution. If your only system is scalping, it's the same as closing your account because you won't be able to do a thing with your system.

Nat

11-11-2004, 08:29	#41
bobnat Ain't I pretty? Join Date: Feb 2004 Posts: 710 Downloads: 1 Uploads: 0 Rep Power: 0	Carrotguy, From another post that Pitt made, scalping is primarily a function of time and consistency. If you're in and out in 2 minutes over and over again, they'll label you a scalper. Sure there may be times when you hit a move(or a move hits you) just right and you get out quickly, but the MM's are probably quite adept at spotting scalpers. I believe he meant that once labeled as a scalper, they'll put you on manual execution. If your only system is scalping, it's the same as closing your account because you won't be able to do a thing with your system. Nat __________________ The author doesn’t endorse any of the products or services provided by unsolicited links in this post. MoneyTec may have modified this post at their discretion without the consent of the author.