Prevention methods for the "5 pitfalls" that 90% of scalping beginners fall into
“With scalping you can make money in a short time”
That’s what I thought when I started FX,
Even though I was winning, my funds were decreasing
I couldn’t cut losses and ended up losing big
The timing of entries was off
My psychology couldn’t hold up
Aren’t you in this kind of situation?
Actually, thisis not a matter of your talent or sense.
Many FX beginners share the same worries.
When actually analyzing FX specialty sites and traders’ voices,
there arefive common causeswhy people give up on scalping.
If you are now
Find scalping difficult
Don’t know what you’re doing wrong
Feel anxious about continuing like this
then this article should be very helpful.
First, let’s look at the points where beginners struggle the most.
Five hurdles that scalping beginners inevitably face
1 Sensory entry (trading by feel)
What beginners do most often is
“It seems like it’s going up, so I’ll enter”
For example
It seems about to reverse
If I enter now, I’ll likely be in time
I feel it’s going to rise
However, in scalping, the 1-minute and 5-minute timeframes are full of noise,so entries without grounds almost always lose.Therefore,
unfounded entries almost always lose.
Beginners tend to
Check the trend
Look for pullbacks
Watch resistance
to enter before these conditions are met.
As a result
timing misalignment → losses
repeats.
2 Inability to cut losses (DCA approach gone wrong)
The biggest problem for FX beginners is
not being able to cut losses
.
In scalping, normally
cut loss
around 5 pips
But in reality
Maybe it will come back if I wait a little longer
Ending it now would be a waste
and thus
5pips → 20pips → 30pips
losses pile up.
This is
the steady accumulation leading to a big loss
(Daka)**
Even if you win a little,
one loss can wipe it all out.
3 Ambiguous trading rules
Many beginners have
ambiguous trading rules
.
For example
Today
cut loss 5 pips
Tomorrow
endure up to 10 pips
The next time
this time is special
In this state
there is no reproducibility in trading.
The result becomes
a gambling left to chance
.
4 Mental collapse (posi-posi disease)
Scalping is
a psychologically demanding trade
.
When losses continue
“I want to recover it”
When wins continue
“I can win more”
When this happens
posi-posi disease
occurs.
In other words
it becomes a state of increasing unnecessary trades
.
5 Spreads and environmental issues
Beginners tend to overlook the trading costs
as trading costs
.
For example
Profit
3 pips
Spread
1 pip
One-third of the profit disappears.
Additionally
slippage
order execution delay
connection issues
also have an impact.
As a result
even with a 60% win rate you can lose
.
Why is scalping difficult for beginners
Scalping requires
fast judgment and mechanical execution
.
However, beginners often
lack experience
trade emotionally
break the rules
which tends to happen.
In other words
the skills scalping demands are the exact opposite of a beginner’s weaknesses
.
Common traits of people who succeed at scalping
Successful traders have the following traits.
Clear rules
Trade without emotion
Mechanical loss-cutting
Fixed entry conditions
In other words
they trade by rules, not by feel
.
Improvements beginners should start with
To win at scalping, first
you should
shift trading from feel to rules
.
For example
Write down entry conditions
Fix loss-cutting rules
Set trading time
Fix lot size
Even doing this alone can change the results.
Yet in reality
sticking to the rules is the hardest
thing.
If you can truly feel this,
it’s evidence you are moving toward the next step.
Why many beginners start using tools
Recently
more traders are using trading support tools
.
Reason is simple.
Humans
make judgments based on emotions
break rules
delay cutting losses
.
With trading support tools you can
assist entry decisions
visualize trading rules
prevent emotional trading
and so on.
As a result
trading stability improves.
For people who can’t seem to make scalping work
If you
can’t win at scalping
struggle with cutting losses
trade emotionally
then,
we recommend re-evaluating your trading environment.
There are tools that support rule-based trading even for beginners,
so if you’re interested please check below for details.
Summary
Reasons beginners fail at scalping are mainly these five.
1
Sensory entry
2
Unable to cut losses
3
Rules are ambiguous
4
Mental breakdown
5
Underestimating trading costs
However,
rule-making
environment improvement
trade management
will greatly change the results.
First, don’t rush
to change trading from feel to rules
and keep that in mind.
● About introducing “ScalStream”
Everything you need is provided in a set.
You can use it with peace of mind.
Of course,
“If you want to increase your win rate, please buy this as an add-on”
is not something we do.
is a free gift
▼”ScalStream” Details/Product Page▼
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