CopyJoe:
I'm talking about not taking what the market gives me and leave.

I am waiting for 90, 100, 1000++++ pips, and then lose the profit back to the market.

CopyJoe:
Boss, you be scalper ayeeee.

lol. My broda, what u complained about birthed Scalper in me.

Trade go dey run in profit. Small time, e go just come back, and take one out. So, instead of wasting profits and time and energy, I resolved to be taking what I have gotten as soon as it creeps in, before it goes south on me. Scalper lomo!

samfelly:




lol. My broda, what u complained about birthed Scalper in me.

Trade go dey run in profit. Small time, e go just come back, and take one out. So, instead of wasting profits and time and energy, I resolved to be taking what I have gotten as soon as it creeps in, before it goes south on me. Scalper lomo!

Forexislife:
Sold gold.

JAkpayen:
@CopyJoe @Samfelly

Impatient traders = Scalpers

Patient traders = Swingers/ day traders

The market rewards both, but rewards those who are patient the more

GabsonFX:
If you look at the band I drew yesterday on Gold (see previous chart), and I said I will not enter any trade until she is out of it? see today again, the same thing, price keeps dangling in it, you enter you get trapped.

As for me and my household, we will wait.

JAkpayen:
@CopyJoe @Samfelly

Impatient traders = Scalpers

Patient traders = Swingers/ day traders

The market rewards both, but rewards those who are patient the more

CopyJoe:
Gold is mad. It always causes trouble before continuing its move.

Forexislife:
Gold no be anybody mate.

saintfaculty:
usdjpy sofar... profit locked... let the trade run

Forexislife:
Naaah, there are people who pick up 10 pips daily and they are consistent. Long term Win rate and RR is all that matters. My own opinion.

VlamesIffect:
I never still understand how Scalpers dey deal with loss.... because their risk rewrd no just gel to me.....

CopyJoe:


Me too.

I no get that kind balls.

VlamesIffect:


10 pips daily? until one 40 pips loss go wipe out person profit & hard work of 4 days.....

Forexislife:
Someone with a 10pips target won't have a 40 pips SL.

Forexislife:
Someone with a 10pips target won't have a 40 pips SL.

VlamesIffect:
I never still understand how Scalpers dey deal with loss.... because their risk rewrd no just gel to me.....
Any strategy wey i come across...i dey ask wetin be ENTRY. WETIN BE EXIT...how much risk rewrd se na 1:1 or 1:3.
Scalpers gey everything but their risk rewrd na 1 : 0.5 some even less.....

Tony142:




Well, i am a scalper, scalping has nothing to do with risk reward ratio, u can be a position trader and still have a risk reward ratio of 2:1



In case you did not know what scalping is, let me tell u now, scalpers are traders who trade the lower timeframe , examples of lower timeframe are the 1 minutes timeframe, the 5mins timeframe and the 15mins timeframe e.t.c


Also, scalpers open and close their trade within few minutes, for example I can open a trade now and close it in 5 mins time by doing so u have crab some profit within 5 mins



So trading using lower timeframe have nothing to do with risk reward ratio , personally my risk to reward ratio is 1:1


So that is just it

Then you should be able to trade binary options perfectly

JAkpayen:


Then you should be able to trade binary options perfectly

JAkpayen:


What Risk-to-Reward will someone who target 10 pips have? I am sure it cannot be 1:2, at most it is 1:1

The way market moves these days, if you are not psychologically stable you record plenty losses. Check for example, the analysis GabsonFX made on gold, it is waiting for who to trap and then you get slaughtered

JAkpayen:


Then you should be able to trade binary options perfectly

VlamesIffect:


Oh now i get...but then how do you handle losses boss? Will there be usage of stop Los or how?

Tony142:




Well, i am a scalper, scalping has nothing to do with risk reward ratio, u can be a position trader and still have a risk reward ratio of 2:1



In case you did not know what scalping is, let me tell u now, scalpers are traders who trade the lower timeframe , examples of lower timeframe are the 1 minutes timeframe, the 5mins timeframe and the 15mins timeframe e.t.c


Also, scalpers open and close their trade within few minutes, for example I can open a trade now and close it in 5 mins time by doing so u have crab some profit within 5 mins



So trading using lower timeframe have nothing to do with risk reward ratio , personally my risk to reward ratio is 1:1


So that is just it

Piptocoin:


been very busy all day so apologies for the late reply. As regards the stoploss, that is another matter. I believe (my opinion, not fact) SL and TP should be equal. The greater the Stoploss the greater the pips needed to reach your goal if the stoploss is hit. For example, if one's stoploss is 2% of the account and the person needs 1% daily to meet their target but then the stoploss is hit...the person would now need a little more profit target to survive but sometimes that little more can prove difficult to capture. Easier to make it equal so as to give oneself a fighting chance to land on the side of winning. Just my take, boss.

VlamesIffect:


Thanks pro trader...but you didn't say how you deal with the big losses that come with scalping.....

Donsheddy:


Not true...
In binary options you have time to beat not just the market..

Donsheddy:
Win Rate Is all that matters.
If you're a scalper, day trader, swing trader any kind of trader at all...
What determines your risk to reward ratio is your win rate....
You can decide to use 1:6 ratio..
And in 10 trades you win just one....
Will you call that person a profitable trader. .

Someone can actually have a risk to reward ratio of

3:1

In 10 trades he wins 8 and losses 2..
That trader is profitable....

It all boils down to techniques and trading pattern...

All in all a trader should have a reasonable profit target every month.