{"id":40059,"date":"2015-03-06T13:16:16","date_gmt":"2015-03-06T18:16:16","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=40059"},"modified":"2023-04-27T06:15:51","modified_gmt":"2023-04-27T10:15:51","slug":"the-pros-and-cons-of-and-keys-to-scalping","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/the-pros-and-cons-of-and-keys-to-scalping","title":{"rendered":"The Pros and Cons of and Keys to Scalping"},"content":{"rendered":"

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Hi Mike-<\/p>\n

Just wanted you to know that you made a huge impact on my trading this afternoon. I listened to your video \u00a0“The Playbook”. Your statement — “I am too old to be doing scalping” –hit me over the head like a sledgehammer.<\/p>\n

WHAT???????? \u00a0So-I was thinking..if Bella is too old for scalping, then so am I. \u00a0\u00a0(Darn! I’ve been telling myself to quit scalping but I am sometimes bad at listening to me! ) \u00a0Hearing your words was like hearing a wake-up call from the “universal power”.<\/p>\n

So I sat on my hands,then practiced yoga breathing, and waited and waited and waited —- until that exquisite nasdaq e-mini setup at 12:51pm EST. Instead of bracketing my trade for a skimpy 3-4 tick target, \u00a0I let it run and exited a few ticks before the intermediate top @ 13:01pm. \u00a0I had my eye on that target because it was a previous pivot point high.<\/p>\n

Sometimes, one needs to pay attention to \u00a0“a respected voice of reason” to JUSTIFY<\/b> a change in behavior. \u00a0Your statement was the \u00a0justification for me to stop scalping. \u00a0Thank you for being that “voice of reason” for me today.<\/p><\/blockquote>\n

@MikeBellafiore<\/strong><\/p>\n

In this post we will address the pro’s and con’s of scalping, what is needed to successfully scalp, and who should and shouldn’t consider scalping.<\/p>\n

Pros of Scalping<\/strong><\/p>\n