Exactly estimator. The only reason I do well at scalping is because when I'm wrong in my assessment I don't hold it waiting to be proven right. I get out and either reverse positions or wait to reenter when the next fib line or trendline or price action candle makes for the better entry. In the past I've screwed myself over and over by getting in early and holding while the losses stacked up. Hopefully I'm done with that.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.