Possible Scalping Ideas

I read it in a book, I don't trade this way and didn't test it yet. Anyone trade this way?

Some will call it swing trades, but I call it scalping because you aim for a high probability win rate and predefined logical target.

Where Locations:

1. Identify resistance/support line

2. Identify trendline

3. Watch pullback to some MA

When to Enter:

After you see momentum reversed --> the location DOES stop the price (DO NOT TRY TO CATCH THE KNIFE...)

How to Manage:

You want the trade to go without effort, immediately away from you in your favor.
If it tries to scare you, try to get out at break-even or no more than half a point loss.
Make sure your profit target is at or before the next "stopping zone" (resistance/support).


Cautions to be aware of:
- Gap risk is REAL! Check possible historical gaps + Diversify
- You want a "beautiful stock", one that you clearly see a wavelike behavior.