I find myself trying to take 1m trades in order to get a tight stop to make significantly larger returns. I notice myself disregarding the obvious 5m/15m trades where i would need a 10-20pip SL which is the greed in me. I want to be able to take one trade and be done for the day. Watching every one minute candle is not ideal for me but if done at the right time properly can be fruitful. My performance this week has been an eye opener. So much potential most days, but greed is a hinderance. My least profitable days have too many trades. So i will reduce it to 3 MAX. Risking 2% —— 2 MTF Positions (0.5%) 1 HTF Position (1%)
I will refine my scalping strategy once i'm consistently profitable with a bigger SL.