What is Scalping?
Scalping is a trading style that specializes in profiting off small price changes. Scalpers enter and exit dozens of trades in a single day, often holding positions for only a few minutes or even seconds.
The Best Tools for Scalpers
Scalping requires specific tools for high-speed execution:
- 3-Minute or 1-Minute Candle Charts.
- Exponential Moving Averages (9 EMA & 15 EMA).
- Bollinger Bands for volatility breakouts.
A Simple EMA Scalping Strategy
When the 9 EMA crosses above the 15 EMA and the price is above both, look for a long entry. Exit as soon as you get 10-15 points in Nifty. Repeat this throughout the day in the direction of the trend.