As a worker, scalping trading is a high-frequency trading method I try in my spare time, hoping to earn extra income through small price fluctuations within a few minutes. After working overtime every day, I use my free time after work to watch the candlestick charts on my computer, feeling tense and excited. This is not just an investment; it's more like a race against time.
My operating process: I mainly choose the EUR/USD in the forex market because it has high liquidity and low spreads. I use 5-minute candlestick charts, combined with moving averages and RSI indicators, to find breakout points of short-term trends or overbought/oversold signals. When entering a trade, I set a profit target of 5-10 pips and a stop-loss within 3 pips, using a low-latency trading platform to ensure rapid order execution. The position of each trade is strictly limited to 1% of my capital to avoid significant losses due to mistakes.
Trading strategy: I prefer the "breakout strategy," entering trades in the direction of the trend when prices break through key support or resistance levels, confirmed by trading volume. Another approach is "reversal trading," where I buy low and sell high when prices bounce back to support levels. I limit my trading time to 1-2 hours daily to avoid excessive fatigue affecting my judgment.
Risk management experience: Scalping trading is fast-paced and carries high risk. I set a daily loss limit of 2% of my account; once reached, I stop trading immediately. During major news releases, I prefer to stand aside to prevent uncontrollable losses from market volatility. Psychologically, I have learned to accept small losses and not to trade emotionally due to one or two failures.
As a worker, this path is not easy and requires strong discipline and quick response ability. Occasional small victories motivate me, but I also understand that long-term success relies on continuous learning and optimizing strategies. This is not only a financial challenge but also a test of self-control.