Quote:
Originally posted by carrotguy
I've read your post in another thread about scalpers taking up liquidity.... What distinguishes scalping from risk management/taking profit? The duration of the trade or the decision to take profit after a gain of <20 or so PIPs?
Would trading mini-lots affect the decision to watch for scalping as well?
Furthermore, you mention getting shutdown... is this put on manual execution or do they close your account?
Thanks.
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If you constantly trade ultra short term, you will be shut down. Taken off instant execution, and your fills will take up to 2 min or more. Your strategy that made you hundreds will no longer work to make thousands.
Pickers can be trading 1 mini lot at a time, size doesn't matter. I look at it like getting a traffic ticket. You didn't kill anybody, but you are warned to never speed again.
There are a few peoples accounts that were so bad trading millions we did shut the down and froze thier account and wired their money to them.
WHat they were picking and scalping was my monthly salary in literally 12 - 18 seconds. They knew what they were doing because it is too easy, thus taking advantage of the MM.