Full Concentration - No Compromise

Anything less than full concentration is destined for failure on the average. How many of us carry our personal worries to the trading room ? Avoid completely !Its simple, the trading mind requires as much computing power as possible, nothing less.OK, I do concentrate, now what ? Now, don't relax ! Keeping going at the same level of concentration. The only trap here is that you tire. So regular breaks are a must. One very important point you must note: after taking a break the performance may not be as good. Scalpers will generally make this observation.

Impulse Trades

Three things to know about Impulse trades for scalpers:

• Impulse Trades are a strict No-No
• If you do take it by mistake, don't do it again if you want to be a serious profit-making trader
• Ok, you did take an impulse trade ? Do the following:
  Watch it more carefully than you would do with a normal trade that follows your system.
  Keep a stop loss or limit in mind immediately and no matter what, GET OUT at that level. If it moves in your direction, trail it with the same rigourous discipline.