In this episode of The Traders Podcast, your host Rob Booker responds to a tweet he received from someone who said he’d love to be a long-term trader, but his scalper mentality doesn’t work well with long-term trades. So, as one might expect, Rob launches into all the possible definitions of “scalping” and a little history on the word’s unpleasant origins. Then Rob explores scalping in the trading sense and examines a few reasons why this sort of scalping can be problematic (though, admittedly, not nearly as problematic as the brutal war-time practice). Nevertheless, Rob also briefly addresses what constitutes effective short-term trading and promises a future episode on this topic. Tune in and enjoy, and thanks for listening to The Traders Podcast.
Links for this episode:
Rob on Twitter: @RobBooker
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Tagged as: currency trading, episode 219, forex, jason pyles, long term trading, professional trader, rob booker, scalp, scalper, scalping, the traders podcast, trading career, trading for a living, trading from home, trading method, trading strategies, trading strategy, trading success