Scalping is profiting from very small moves in the market.
In order to cover your brokerage in scalping your profit objective should be at least enough to include the cost of brokerage.
Practically any trading system, based on particular setups, can be used for the purposes of scalping. In this regard, scalping can be seen as a kind of method of risk management. Basically any trade can be turned into a scalp by taking a profit near the 1:1 risk/reward ratio. This means that the size of profit taken equals the size of a stop dictated by the setup. If, for instance, a trader enters his or her position for a scalp trade at 200.00 with an initial stop at 199.00, then the risk is Rs. 1; this means a 1:1 risk/reward ratio will be reached at 201.00.
Scalp trades can be executed on both long and short sides. They can be done on breakouts or in range-bound trading. Many traditional chart formations, such as a cup and handle or triangle, can be used for scalping. The same can be said about technical indicators if a trader bases decisions on them.
Could you pl elaborate still the mechanism of trade.It is not clear as to what one achieves by scalping,why it should be attempted & in what way it differs from regular intraday trade with S/L.