kc topics: https://www.forexfactory.com/thread/post/14648072#post14648072
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Trying scalping with a 1000 bucks - Scalping is expensive! 39 replies
strategy builder/tester for new scalping strategy 1 reply
1M & 5M Scalping System (Scalping Paradise) 21 replies
Reversals vs. CounterTrend Trade 28 replies
CounterTrend Trading 58 replies
DislikedDoes Practicing include; Fear Greed Real Money Emotions No sir.... Why Not - its practicing....Ignored
DislikedPR31D According to KoF Strategy Video's and Paid Course, cost averaging is optional to the learning process of trend and countertrend trading. Adding more money to a Balance is not the right solution because you are not gaining the trading experience and knowledge. Countertrend trading is a higher risk than trend trading as taught by KoF. A 0.01 Lot Size is adequate to learn and over a time period of 2 to 3 months, a live account should be adequate to go from 1 to 5 positions to 2 to 10 positions as this is a Trading Business and not a dream using...Ignored
QuoteDislikedScalping requires three steps only:
1. Identify the bias (flow, path of least resistance, future trend or whatever you want to call it).
2. Take a wholesale entry in the direction of that bias.
3. Then manage whatever happens.
It's never as easy as it looks after the fact.
Expect consistent losses at first.
Implement a process of deliberate practice.
Trade-Record-Review-Improve!
Build experience through trading (in the sim at first) over and over and over again. In time, your ability to read bias will improve. Your ability to identify better entry locations will improve. Your ability to contain risk will improve. And your results will improve.
Scalping such as this is not a Holy Grail trading method. And the rapid decision making required in these timeframes does not suit everyone. But if you find yourself attracted to short timeframe action, give it a try on a sim. Maybe it won't be to your liking? Or maybe… like me… you'll have found the place in the markets that feels like home!