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Old 05-22-2007, 02:02 PM
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Re: Scalping

One thing I will note here is that the difference in my P/L has been mainly a switch from scalping for mere ticks to trading for full points.

When I was micro-scalping, I was stopped out way too often. But when I expanded my horizons, and started using full points as my increments, trading became much easier.

Another thing is ... don't be afraid or hesitant to incorporate new ideas into your trading plan. This very forum is a good example of technically solid trading methodologies that you can tweak and implement at your leisure.

If it works for you keep it. If it doesn't works, get rid it of it, and try something else. Evaluate your approach, including your entries and exits. Is your strategy actually valid to begin with? If not, you'll probably be on your way to blowing out your account in short order.

Good luck!

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