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RE: Eating Loss for breakfast, lunch and dinner

in LeoFinance8 months ago

The trouble with scalping (and I have said the many time earlier, so apologize the repitition ahead of time!) is that the gains are small, so a single big move against you can wipe out months of gain.

This is called lopsided strategy (if there is any), and this requires constant attention which is impossible for a human. Therefore, scalping is almost exclusively done by bots with stringent risk management in place. Funny, even then those bots fail quite frequently during high volatility.

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so a single big move against you can wipe out months of gain.

Ha dada, I myself have found myself chasing to cover loss after a few "good" trades. I can tend to get a bit overconfident and that is always, always the downfall.