What is the best trading frame for scalping and how to define a stop loss?
best frame, tick charts
define stop loss. A sure faire technique preached by brokers, marketers, teachers guarantied to destroy your account
Disagree… Not having a stop loss is a sure fire way to guarantee your account is short lived…
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Unless you have only 5-10% of your funds in your account, don’t overleverage and trade at appropriate position sizing. While the masses continue to try for there 2,3,5% returns per trades, their 1:1.5% TP bla bla bla, those of us that know look for what the market has to offer.
Be smart champ, see with your eyes don’t perceive with your mind
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I would say most marketers advise not using a stop loss. It is far easier to market a 90% win rate and show off all the small profits while ignoring that one trade that is continuing to go against you and wipe out your account.
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Thats call poor risk and trade management. The OP asked about scalping. Something that is out of the realms of most of us. It involves a insane amount of trades, using very very small position sizing, an unquantifiable edge that you and I don’t have
If you literally mean the definition of a stop loss it is an order to get out of the market completely at a loss when your trade goes against you…some brokers even have stop limits but a stop market is all you should worry about for now probably
And personally I trade 5min-30min candlesticks bit it’s not exactly scalping
Terribly advice imo unless you are a longer term trader
While I completely disagree with with your view on not using a stop loss I totally agree with your assessment on scalping.
To all beginners who want to scalp, I ask simply,
'Why?"