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7 essential rules and tips for scalpers. Here are some scalping tips and rules for new traders looking to scalp the markets. If you are a scalper there are some rules that you really need to stick to so that you don't get burned. Scalping is a very intensive way to trade; scalping is about taking 5 pips or 10 pips at a time..etc. So you're in and out very quickly. Scalping all day long is very challenging; it is generally better to be very focused at specific points in time. OK

1. Be very good at cutting losers FAST.
2. Understand where your edge is.
3. Be very strict when to call it a day.
4. Use a broker with very tight spreads/low costs.
5. When you feel 'bad' do not trade.
6. Have a good 'safety net' strategy
7. Develop a process to get you in the zone.

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