Isn’t scalping the most risky trading style out there?
Quite opposite. Scalping allows you to decrease your exposure to the market. Investor is subjected to adversary news events while he is in position. Swing trader is subjected to overnight gaps. Even the day trader can be affected by a sudden market turn. Scalper is engaged in a trade in such brief period of time and controls his risk so tightly that probability of being hit hard is extremely low. This is why I call scalping “defensive style of trading”. Q: Almost everyone, however, labels scalping as an extremely risky proposition. A: Does “almost everyone” make money? Opinion of majority is not a good indicator of a truth in trading. Most have no clue about the style of scalping I talk about in this book.
