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I agree with the noise distracting you and breaking your composure. Very frustrating. And the fees can already burn your money even if you put a stop loss at you entry. It was very tiring and stressful.
Hi, First time here, love your course and as an addicted scalper of Indices, can relate so much to it. I have good results with a high win rate but struggle with discipline and find I can go into a market with confidence that it was the right decision but my exit strategy leaves a lot to be desired, not so much if I've made those 10/20 ticks but more about if I lose 10/20, quite happy to let the losses ride and wipe the last few weeks profit away. Just seems I'm trying to get 100% strike rate, hate losing. I'm sure I can do well but need to accept losing as part of scalping!
You are very experienced. You know a lot about scalping, honestly. Very draining and very high emotion "twicking" strategy. But im getting used to it and working so hard on my psychology and emotions to adapt to the scalping method. Scalping is very very profitable but like you said you have to devote a lot of time on the screen (depending on individual though). This also depends on your daily targets and level of aggressiveness.
As a scalper, did you find that trading during different sessions required adjustments to your strategy? Seems like each session has its own personality sometimes, with regard to how people trade. If so, how did you manage your trading around these changes and did you stick to one particular session? Thanks.
NSA KEY I’ve seen you ask a couple of questions. London session is busiest, spreads tighter. You can scalp Asian session but its slower and spreads wider. Its more for swing or trend trading. Search for the most volatile forex online, or check the ATR of the mkt. Stop-loss you can scale out of but it depends how confident you are with your system. Always have a stop-loss. If the mkt is consolidating you’ll think you want a bigger stop-loss which is flexible. Don’t do that. If you are wrong, Thats fine, get out the trade. Have close take profit targets, which you scale out of and allow some of the position to catch the swing. Trail the stop-loss. So it comes down to timing and making entry and exits perfect. Theres more opportunity than not, its learning to spot the opportunity and implement your plan and being detached enough to follow through with that plan. Once the confidence in your plan develops, the emotion fades out. The emotion is a sure sign that a person is too involved in the decision making, which is stressful, and on the outcome. If you have an edge, you dont worry about losing a couple because you know you have the edge. So again it comes back to a well developed entry and exit system you have personally tested. You know you’re next win is on its way.
👉 It seems a lot of our viewers are non-subscribers. Make sure to subscribe to our youtube channel as we upload regular videos! If you hit the “Bell” icon (🔔) you will receive a notification on youtube every time that we upload a video on our channel. Bell icon hitters are super fans of our channel 🥰
Scalping frustration is nothing if you have played league of legends rankeds.
I agree with the noise distracting you and breaking your composure. Very frustrating.
And the fees can already burn your money even if you put a stop loss at you entry.
It was very tiring and stressful.
Hi, First time here, love your course and as an addicted scalper of Indices, can relate so much to it. I have good results with a high win rate but struggle with discipline and find I can go into a market with confidence that it was the right decision but my exit strategy leaves a lot to be desired, not so much if I've made those 10/20 ticks but more about if I lose 10/20, quite happy to let the losses ride and wipe the last few weeks profit away. Just seems I'm trying to get 100% strike rate, hate losing. I'm sure I can do well but need to accept losing as part of scalping!
You are very experienced. You know a lot about scalping, honestly. Very draining and very high emotion "twicking" strategy. But im getting used to it and working so hard on my psychology and emotions to adapt to the scalping method. Scalping is very very profitable but like you said you have to devote a lot of time on the screen (depending on individual though). This also depends on your daily targets and level of aggressiveness.
Thank you for this series!
Thanks Mark 😎
If you are only trading the first hour it’s not that bad in regards to time for money
As a scalper, did you find that trading during different sessions required adjustments to your strategy? Seems like each session has its own personality sometimes, with regard to how people trade. If so, how did you manage your trading around these changes and did you stick to one particular session? Thanks.
NSA KEY I’ve seen you ask a couple of questions. London session is busiest, spreads tighter. You can scalp Asian session but its slower and spreads wider. Its more for swing or trend trading. Search for the most volatile forex online, or check the ATR of the mkt.
Stop-loss you can scale out of but it depends how confident you are with your system. Always have a stop-loss. If the mkt is consolidating you’ll think you want a bigger stop-loss which is flexible. Don’t do that. If you are wrong, Thats fine, get out the trade.
Have close take profit targets, which you scale out of and allow some of the position to catch the swing. Trail the stop-loss. So it comes down to timing and making entry and exits perfect.
Theres more opportunity than not, its learning to spot the opportunity and implement your plan and being detached enough to follow through with that plan. Once the confidence in your plan develops, the emotion fades out. The emotion is a sure sign that a person is too involved in the decision making, which is stressful, and on the outcome. If you have an edge, you dont worry about losing a couple because you know you have the edge. So again it comes back to a well developed entry and exit system you have personally tested. You know you’re next win is on its way.
Thank you
I like making money while I sleep