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 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.