About scalping, a friend of mine had a quite interesting journey. He would just by purely on feeling on his Iphone :S 😀 When the price according to him “had gone up too much” he would sell and vice versa. The were more or less no use of SL. He was trading with warrants – mini futures (with inbuilt issuer SL). Of course sometime the drawdown periods of the account was crazy, at one point it was ~50% down from the initial starting capital but he recovered. However the holding periods were about 15 min on average I would guess. But it happend a few times that the positions was hold over night when it was in a losing state (happend like 20 times).

Surprisingly this account had a good streak for like one year with, to me, very impressive returns. At one point it was up 100%. There were like 8 positions on avg per day and target of about 5-15 points. This was in DAX, and during the trend of september, october 2017 he got wiped. I think he woulda survivied with some proper risk management, and thats why im a believer in this type of strategy. There were no routines or strucutre, all decisions: size, entry, target etc etc was based on feelings. I was living with him a lot so I witnessed the most of it.