I do scalping in one account while mostly into swing trades into other account.
Scalping is possible in our markets with a twist though.
For me its like making anywhere between 7-8 to 20-22 points in Nifty futures(brokerages excluded) and/or options.
Get in with minimum 15-20 lots (sometimes more, depending upon the conviction in the move), and then offloading one or two at a time as the move starts.
I have a setup and use 15 min charts for the same.
Seldom carry the positions unless the move is visible in hourly charts.
A cardinal rule i like to follow here is if you have something else on your mind dont get into a position.
If u feel u may have to leave for some other work then dont get into a position.
Scalping is possible in our markets with a twist though.
For me its like making anywhere between 7-8 to 20-22 points in Nifty futures(brokerages excluded) and/or options.
Get in with minimum 15-20 lots (sometimes more, depending upon the conviction in the move), and then offloading one or two at a time as the move starts.
I have a setup and use 15 min charts for the same.
Seldom carry the positions unless the move is visible in hourly charts.
A cardinal rule i like to follow here is if you have something else on your mind dont get into a position.
If u feel u may have to leave for some other work then dont get into a position.
I think 2 minutes is quite sufficient.