Suri’s Scalp Trading Rules
February 4, 2010 11:35 AM

Here are my SCALP TRADING rules. They are not perfect, but these are my rules and they work for me.
I am sincerely NOT interested in participating any debates or discussions about these rules.

I’ll be writing little more about each of the rule on this blog when I get some time.

Regards,
Suri

SURI’s SCALP TRADING RULES
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1. Avoid Counter Trend Scalps. If you have to CT, think very very SHORT term-trade.
2. While Scalping, In Faster markets, you Pay Your Price; In Slower Markets, you pay Market Price.
3. Your first Loss is your best loss. Never ADD.
4. Think EXITS all the time.
5. If Scalping, Develop a Short-Term Memory.
6. Do not turn a Scalp trade (< 10m) to A Day-trade.
7. Do not follow anyone. You won’t have time besides no one is right all the time.
8. Follow Market Internals and scalp in that direction.
9. Intuition/Hope/Praying does not work. Follow RULES.
10. Set Profit/Loss Limits (for every trade/day) and Stop Trading that trade or for the day if you exceed those limits.

Comments

3 Responses to “Suri’s Scalp Trading Rules”

  1. John on February 4th, 2010 4:56 pm

    Thank You Suri for posting your rule's. I'am proud to say my rule are very similair to your's. If you have time I would be very interested in your rules or plan for trading the abc pattern. Thank's Again JohnS

  2. John on February 4th, 2010 10:56 pm

    Thank You Suri for posting your rule's. I'am proud to say my rule are very similair to your's. If you have time I would be very interested in your rules or plan for trading the abc pattern. Thank's Again JohnS

  3. ETF FOOL on February 7th, 2010 10:55 pm

    [...] Are you a scalper? A few trading rules to consider (TradeChartPatterns) [...]