Sorry for the stupidly simple question, I can’t find the answer on here.
I’m starting to learn CFD live with £100 account.
To clarify, I understand all trades must be 5 mins or longer, to avoid being classed as scalping.
But my question relates to my profit taking.
Trying to earn 1% of the portfolio is somewhat tricky for me, and that only equates to £1 profit. My question relates to taking profits on small amounts:
If I have multiple positions open, and I close them all at once, some are closing for -0.20p and some for +0.05p.
For example, starting today I am up £1.50 (1.5%) but some of the trades I have taken profit on tiny amounts, as low as (£0.03p).
Is this ok??? Taking profits of such a small amount, providing trades last 5+ mins. (most last 20 to 40 minutes etc).
As shown below, some of theses were multi-close positions, resulting in tiny profits being taken.