scalping vs longer term , page-11

Debono, when I enter a trade I have an automatic stop system setup. The size of stop varies with each market but once a small positive target happens, then my stop is moved automatically to break even. I don't have an automatic profit target as my exit is based on a few things as the trade unfolds.

I have two exit methods. I set a limit order as a target (which can be moved quickly and easily) or I follow the action by dragging my stop and locking in profit until the market retraces and hits it. Sometimes it's a combination of the two. Most trades are entered as scalps and I always try and lock in a least a scalp sized profit, whether it's by closing the position or moving the stop to the scalp target level (if the market will let me).

I don't exit my scalp and open a new trade as it doubles the commission and I can't have multiple trades open on one market.