Post
Topic
Board Trading Discussion
Re: Scalping is the most controversial way to make money. My experience for 4 years
by
tranthidung
on 10/06/2021, 12:33:22 UTC
Scalping and reviewing charts for many hours helps a lot in the future. Skills develop, you can already predict upcoming events on the market in advance, because you look at the chart and understand that you have already seen such a development of events, and more than once. After 3-4 years of daily trading, you begin to see small patterns in the market based on your historical statistics, when you spent a lot of time at the computer. In this regard, I certainly do not regret that I spent so much time on scalping, there are positive aspects to this, of course.
Charts are not enough. Scalping method is great but if a newbie does not know when to use it, when to stop scalping as well as trading before a massive movements of market, all temporary earned profit will be lost.

Beyond the chart, newbies must look at walls. Walls don't stay permanently but they're signals of possibly big movements in the future. If the market has massive movements, it will move to where the walls are staying.

When a market gradually moves to a point around a massive movements, it is time to stop scalping for newbies. Just to protect profits they have earned.