kookeboy

I would think there are very few people who make a living doing this. Really basic, I think scalping is 1:1 risk/reward. So the win:loss ratio is critical. Let's say you get 2:1 consistently. Then take out your brokerage or spread or commissions and see if it works. Or work it back the other way and see what win:loss you'd need to make to be profitable. I doubt it would stack up. Anyone who has done this for a while says the money comes in letting winners run. Scalping doesnt achieve that. And besides, if you are trying to set this up as a business, which does not rely on you working every single day to keep making money, then scalping isn't ideal.

Hi Youri, Sunshine Coast, Qld, Australia? There are a few around the place (none as good as here though!)

Gday guys First post ever here :-) I swing trade Australian equities and have just started a bit of index trading. Just thought I'd let you know this thread, and probably the last 6 or so, have been some of the most insightful stuff I've read. I'm only 12 months into this gig full-time and will post more of my plight and thoughts, but the big ones for me are the ability to see some red without fear, and also "hindsight" where you look back and say "if only I got out there" when, in reality, you think that about every single pip. LOL One quote I heard the other day which is apt. Fear drives the markets. Fear of losing, and fear of missing out.