What is scalping?

Scalping is trading style characterized by zero tolerance to opened profit declining. This means trading "retracement-less" movements. These movements can be on 5 sec chart and also on weekly chart. It's not about many trades per unit of time, it's about not holding during retracements, scalper exits while the price continues to move in his/her advantage (so called positive slippage).
 
eves_banished_children said:
Just like we said, taking a really short term trade for a few $us. Scalpers use things like IB's "book trader" which they configure to see the depth of book level 2, get their exact trade size the way they want it, and configure everything so they are playing it like a video game .. clicking on the lot they want and **BAM** they have it, then clicking the ask **BAM** they have a profit ... quick quick quick, no confirmations, no entering anything, just mouse click **BAM** another mouse click **BAM**.

I'll see if I can find a video showing this so you can see it in action ...
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Lol, awesome post. Give me another **BAM**! Sometimes I play Quake, sometimes I play IB **BAM**.
 
Xela said:

This really isn't so at all.

For their entry to be a valid/correct one, scalpers need the price to move (albeit not far) in "their direction" almost immediately, otherwise they don't want to be in the trade, and for this this reason, they typically use tiny stop-losses.
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100% correct
"immediately" is relative to the working timeframe, so "immediately" on 5min is not the same that on daily, etc
 
traderGOD said:
'but extremely likely move'
that is high probability.
Probability is the key not no of transactions or small profit target.
If probability. is high profit has to be small:you cannot make a sure trade and makes millions of usd
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The reason the trades are high probability is because of the small profit target.... if you take a profit every time you show a small profit, you will have a high rate of success but small profits.... that is his scalping works...
 
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