any of you practise high frequency scalping?

[di1836]

I started scalping recently, so far i can say i've been profitable consistently, just not on a very large scale.

i have a question though for the rest of you...
when you refer to scalping a particular time frame, what exactly do you mean by that? do you mean, for example, that if you're scalping 5 minute time frames and the stock (or anything else you might be scalping..) moves in the direction that makes you profitable right away after a trade, you won't cover the trade? you'll wait till your time frame is met before covering?

or, more likely, do you simply mean that you look at a particular time frame chart(1 min candle sticks, 5 minute candle sticks, etc.)?

please clarify as i've been seeing this come up and not sure if i understand the terminology used

 

[Stoxtrader]

Quote from mcgene4xpro:

This technique is very easy to wipe the whole profits with just one stupid movement

For those who take losses on big rapid moves, what are we talking about here? Gaps down? News events? Bid-ask spread changes?

 

[mcgene4xpro]

Quote from Stoxtrader:

For those who take losses on big rapid moves, what are we talking about here? Gaps down? News events? Bid-ask spread changes?

for me i dont use regular tight SL, i am using instead a disastrous sl which is away about 50% of my account balance. Just in case.

I hope this would explain things