Are You Missing Out on a Good Scalping Strategy?
So you want to invest and make fast trades. You want to quickly capture that golden profit. If you are, you’re looking to be a scalper.
These are the people who have the go-to-it attitude in most every part of their lives.
They are doers. They get the job done quickly. And they are very profitable people willing to take risks.
But let’s first look at what this strategy even is.
What Is Scalping?
If you’ve ever dreamed of being able to initiate a trade and then quickly closing it, you want scalping.
Some scalping transactions can be done as quickly as a few seconds.
The market wobbles, and scalping takes advantage of this wobble. What a scalper does is buy when the wobble is low and sell when the wobble goes up.
This can happen in anywhere from a few seconds to several hours. You have to be able to sit at a computer for hours on end to make it profitable for you.
Can you think under pressure? Can you think and act fast? Are you extremely single-minded?
Then this strategy is the right one for you.
You have to be able to jump on a trade as soon as it’s available. And it takes a lot of fine-tuning and control.
How Can You Benefit From A Scalping Strategy?
The difference between a normal market strategy and a scalping strategy is time.
If you want to profit in the moment rather than waiting for your market plants to grow, go with scalping.
Choose The Right Trades
If you want to get the most out of scalping right away, choose tickers that have very low spreads.
Currencies with high liquidity. Commodities like oil and gold. Stock Indices like the Dow and the Dax. Stalwart stocks like Apple and Caterpillar.
With these, you will make money quickly and you should use trading systems like my RTZ NxG system.
Remember Trading Volume
Remember, that trading volume has a massive impact on the profit. So, you need to ensure that along with spread, the symbol you are trading has good volume (this is generally the case with low spread tickers).
One of the benefits of scalping is its speed. Your trades complete in a very short period of time. You don’t have to be sitting at the screen for the whole day. Once you have done your trades, you can pack up show and get on with other things.
In The Moment With Your Own Schedule
When you are scalping, you’re a market ripping monk. You are in your zen and you live in the moment.
Also, scalping is done on your own schedule. You can do it at 3am if you really want (although I recommend doing it in “day” hours as there is more volume and movement at that time. This is a great way to make money and keep your work-life balance going.
A scalping strategy is a great way to give yourself peace of mind about your trades. They won’t drop off in the middle of a crisis because you’ve already closed them before the crisis arrived. You don’t need to worry about overnight gaps and you can sleep a sound sleep knowing you are flat in the market.
What’s you favorite scalping strategy? Let us know in the comments below. And, as always, make that money.