DislikedThe other question is - if you are a scalper what are you doing 230+ pips in the hole?Ignored
Panic. Was scalping E/U short and it was slow so I started scalping XAU. Made about 500 pips on 3 quick scalps on XAU and spaced out the E/U short I had, got back to it & it had spiked against me. Started adding to average down. Did so poorly. Did not take a few exits that presented themselves for bad but not terrible losses. That's not even all but basically just a chain of stupid decisions.
You are right, though. A scalper should not try to scalp more than one instrument at a time & any trade should at least have an emergency stoploss applied.
I am going to concentrate on developing a niche & staying within it.
Today, I am going to see what happens near the Tokyo open. There have been some bigger moves down in last few days near the open & if China or other big Asian players want to do that today at $36/pip I won't complain and it is worth the wait. If no such luck and it goes the other way then I am out.
"If The Fool persists in his Folly he will become wise." - William Blake