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Well I'd always thought of the spread as insurance. In other words grab the spread on an up/downtrend, and if your wrong you could still probably escape flat, and if your right, well you could have 1+,2+,etc... Lately I've become addicted to the spread, ie constantly searching for that easy 5/16, and more often than naught taking it for a profit, yet it only took 2 bad trades this week to wipe out all the great scalps I had (ie the bid dropped more than a point within 2 secs, ie I screwed up big time after I got into the trade...) Looking back into the trade I find there was no way in seeing the tremendous drop on the bid. In other words every scalp is a dance with a devil, you usually wind up with a win, but every once in a while you get killed.... big time. I still think gaining the spread is essential, but the idea of gaining the spread as the whole goal of the trade is giving up too much risk for too little reward, and am looking for someone who can tell me that a spread trader can make enough $$$ to live. Not a challenge, just an honest question? Am I wise beyond my age or just another idiot? |
