14. Scalps and Swing Trades

Scalp

• Plan to take quick profit (usually exit trade within 1 -- 5 bars)

• usually did not allow any pullbacks

Swing

• Plan to hold onto position as long as the trend is going my direction

• if you holding through a lot of pullbacks, but the trend is still there, you are still in the swing trade.

• as long as there's no major reversals, you don't need to exit.