Quote from: JeromeTash on August 26, 2022, 09:36:29 PM

Quote from: palle11 on August 25, 2022, 04:39:46 PM

One of the challenges of traders is to focus on so many trades but never profit in them. It is better to follow few trades and get your profit from them. Having clusters of trades in your platform is more like creating more troubles beyond what you can handle, therefore is it not better handling few pairs and open orders than having much in your hands. Greed is what causes loses.

Are you trying to say scalping is a useless trading strategy? Because from what I have observed, some traders have been making profits out of it. Ba calls or loses will always be there, who one manages the risk is what matters.

Quote from: JeromeTash on August 26, 2022, 09:36:29 PM

Are you trying to say scalping is a useless trading strategy?

Never at all was I saying scalping is a useless trading strategy and my post was nothing of such too. My post was an advise to focus more on few trades so that it could easily and closely monitored for higher chances of winning as against cluster of trades that are difficult to follow up and monitored. Trading manually however if you have multiple trades on a volatile trade, it is difficult to check all in few moment. Myself I have realized this and giving it as advise.

Scalping obviously is a wonderful trading strategy buddy Grin

And for example If a trader is not originally a scalper but enters a trade (like a ship) that he saw it was going to hit the iceberg, he diverts or stop the trade before it gets there, then he has scalped to safe the ugly situation of total loss.