Why some people stare at their screens for the whole just to earn 1-2pips gain and they believe they mastered the art of trading. Well-known successful traders and investors do not trade for very small profits but knowing how to maximize their profits regardless the time frames they are trading with.
Scalping in the FX market and stock market is very very different. FX market can fluctuates very quickly and you can even close a position with 0.1 pips profits if you sense the danger of holding your position (this can be achieved even when the spread decreases). However, for the stock market is different. You need a certain level of demand for the stocks to clear the selling volume in order to move 1 pip up. Often than not, the 1 pip movement is only enough to cover the commission costs that you incurred in opening and closing the position.
I believe there are many successful scalpers in the stock market, entering before a sudden big movement on a stock. But ask yourself, do you think the risk and return is worth it? I believe it is never worth it.
If you have a chance to earn 10 pips, do you prefer to earn it by holding a stock for 1 month or trading it daily just to squeeze something out of it? We all know the answer.
I am not targeting any scalpers or faster punters in the stock market. But just personal opinion. I am not qualified to give any advice to anyone. So just take this opinion back with you and think through about it. If you think that I am correct, then change your trading style but if you think you are comfortable with your trading style, then stick with it.
There are lots of trading strategies and methods to use to win this game call the "market". Therefore, find the one that is suitable for you. :)
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