Page 342 - THE MARKET WHISPERER

338 PART 10 - Winning Trades

SMART One cent scalps are defined as “toxic trading.” If that is the
MONEY ONLY method of trading you’re using, expect your broker to
close your trading account!

This explanation on how to utilize scalping is to show that under
certain conditions and in the right proportions, the method can be made
to work for you, but I do expect that your main operational method will
be the classic forms of profiting from volatility, market and stock trends.
I believe that if classic trading is your main method, you will be able to
earn an income under any market condition with any broker and without
exploiting market failures. Nonetheless, in non-volatile market conditions
during the NY lunch break, and with sufficient experience, scalping will
help you take home a few hundred dollars more. A broker will not forego
working with you if you integrate a reasonable level of scalps in your
regular trading activities.