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From paper money to real money?

  #26 (permalink)

Detroit, MI
 
Trading Experience: Master
Platform: Sierra Chart
Favorite Futures: NQ, CL, ES, GC
 
Posts: 94 since Jul 2011
Thanks: 16 given, 122 received


Calming View Post
I know what you are talking about. Forgot to mention that I use Brooks' definition of scalping, when a leg of a trend takes a pullback.

Yea, I have never understood Al's terminology but in all fairness I have never studied it in depth other than reading threads and watching various webinars..many people on this site love him...that being said...when a leg of a trend takes a pullback is a description of price action and really has nothing to do with scalping. Scalping is taking trades with very small profit targets and very small stops. Some people will say 3 tick targets, or 4 tick, 10 tick, etc..is a scalp. Just depends on how you define "Scalp".

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