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Scalping 90% win/loss but how BIG is the loss?
Do you scalp?
What is you profit/stop loss ratio?
For example I use a stop that has a loss 4x greater than the profit limit. A TIMED stopped takes me 50% of the time so the average profit and aferage loss per trade are almost equal. If I can be right 75% of the time then Im in the black.
Does this seem out of the box? Bad thinking? Too risky? Leaving profit on the table? Etc.
ALL comments are welcomed!
I position / swing trade, however i'm 7 weeks into demo scalping at the moment and i'm thinking about going live with what I've been doing.
To me scalping is purely about chart patterns, and not about having a mathematical system or fixed stoploss or or profit targets. Its trading what you see in its purest terms.
See attached a scalp sell I just took on AUd/USD. My entry was the pin that sticks its neck out. If the pattern failed i'd exit straight away, ( in this case, about 3 pips) rather then stick to some form for fixed 10 pip stop loss. In this case the pattern did not fail.
It dosen't always work, here's one that failed on the FTSE100. But it only cost me 4 points. While AUD/USD made me 8
