All the above.

Most people try to scalp a few points here and a few points there, and stick to that discipline.

It’s been years since I traded it, but I had it set up where I would have my take profit at a bigger gap than my stop loss. You want want your losses to be short, no more than 10 to 15 percent.

So let’s say for every point I’m gaining ten cents, I would have my take profit at 50 to 100 points (5 to 10 dollars) for each trade or order, with a goal of making 20 to 50.00 a day. And then my stop loss would be at 15 to 30 points, usually no more than 15 points, which would be a 1.50 to 3.00 a loss

You got cats trading shit at like 5 to 10.00 a point !! Thinking greed, then a flash crash happens and wipes them out, and then a margin call is put out.

If you do trade forex, go small ( cents not dollars)!! And do no more than 3 trades a day.