XJO 0.15% 8,015.1 s&p/asx 200

scalping vs longer term , page-9

  1. 23,069 Posts.
    lightbulb Created with Sketch. 827
    Hi Treggs

    Not a critisism but I don't quite follow.

    If you take the trade as a scalp then a scalp is all it should be?
    The whole decision process for a longer trade is different and the only way a scalp can be a longer term hold is if you change your mind.
    If you think you have nailed a turn or what ever your entry signal was and you have achieved your scalp target wouldn't it be better to open another position and sell your scalp?
    At least that way you bank profit and each trade is taken on its own merit.
    I scalp on the 15m and take a longer possie on the hourly charts. I can have a scalp and longer term open at the same time.
    I also have given back too much when using trailing stops on what should have been a scalp hence a scalp is now a scalp and nothing else. Using trailing stops on the longer term trades works a lot better although the 'step' with IG is a pain.
 
watchlist Created with Sketch. Add XJO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.