Scalping and stop losses: How well do you use both for fixed-time trading?
Scalping is an effective trading strategy for day traders. It enables traders to make a significant profit by trading in a particular time frame. One of the ways to ensure that your scalping strategy is secure and effective is to utilize stop loss placement. This assessment will check your proficiency with scalping and stop loss usage for fixed-time trading.
This is not good enough. You need to spend time learning the basic scalping tools such Bollinger bands, Pip value indexing, stop placements. Always keep in mind that the more you trade the easier it is for you to become a pro trader and earn more!
Fair! You are making progress but it doesn’t end here. Your result shows that you need to put in more effort in your general knowledge on scalping and stop loss usage. Consider learning some stop loss techniques, like MACD and RSI. Keep on practicing and trading. Surely you will surely find it interesting, the more you do this, the easier it is for you to implement what you have learned.
Bravo! Seems like you have been practicing this technique lately. Nevertheless, you must not stop, but rather improve by trading more and learning other new strategies and concepts. A good example to start with is the falling knife strategy or the cup and handle pattern for scalping precision.