Hi - Scalping

What is scalping PLS

Let me google that for you

Its a good way to lose money.

Says who? I know lots of scalpers who make money. I know people who trade using EA’s; they make money as well.

Although the popular agreement is that scalping is harder to manage, it’s 100% possible to make money scalping.

I scalp at times as well; it all depends on how you approach it and your discipline.

Granted, broker feeds, money management, discipline and alot of other variables influence your performance, but it’s do-able.

oh golden you’re so jaded :stuck_out_tongue: lol

what is EA’s?

really guys? Google isn’t working?

I like to ask questions on babypips too…but for the really easy “word definition” stuff i encourage you to plug it into google.com first

maybe it’s just me, but it kinda brings down the caliber of information IMO, cuz folks like purple and I get discouraged about posting when we come across this stuff, and I know guys like purple and I have a fair amount to share that is helpful.

Jay

P.S. It’s a automated trading program - a robot that trades for you.

Im not very good at trading, still learning, but I can tell you this much, and this is from a personal aspect, If you cant trade Long term, you have no chance trading short term,

And sooner or later, you will find scalping is just a " situational " strategy.

Start Long term, then scale in when you have a grip on direction.

Just my 2 cents, plus spread, leaves you with .0007 cents of input on this, Ha ha

I really realy couldn’t agree more! man… dead on here. Trading is Trading. If you can’t do one, you can’t do the other.

Jay

i dont know any successful scalpers. too much spread, too much whippy movement

Hi, my name is Clark. Nice to meet you.

Define scalping.

If you mean taking 10-40 pip moves out of the markets several times a day… this is how i pay my bills.

If you doubt, take a look at this thread i’ve started:

http://forums.babypips.com/newbie-island/41466-how-start-100-turn-into-1-million-100-trading-days.html

I’m posting up “live” market calls, and will continue to do so…the majority targeting under 40 pips each… averaging around 25-30 pips.

I also have some screen shots of a few days of which i traded forex futures, which is my primary income. I don’t think my averge winner was any greater than 10 pips on either day I posted this, but my winrate was about 60%-83%, with larger winners than losers.

Jay