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From paper money to real money?

  #27 (permalink)

Houston, TX
Posts: 131 since Jun 2018
Thanks: 111 given, 71 received

Babool View Post
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, a scalp. Just depends on how you define "Scalp".

It seems to be close to a universal understanding. For Brooks, it's,

"... to a day trader, scalping is holding a position for one to fift een minutes or so and usually exiting on a limit order at a profit target in an attempt to capture one small leg on whatever time frame he is using for his trades. "

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