Search results

Can you explain what you mean by "getting swing trading figured out"? What time frames are involved, what do you trade, what is you position risk? Most swing traders lose money. some say the percentage of losers is as high as 90%. I am satisfied with 2% a month with my risk parameters.

No leverage. I make money and sleep well. Essentially, this is equivalent to trading one lot for every 100K in the account. For me, it is the frequency of trading that counts, not the leverage. If you absolutely must use leverage, especially of the 100:1 magnitude, and let us say you have...

I agree. I also said that I do not argue scalping is impossible in general. I just argued against your specifc method. I have been scalping T-Bond futures in the past for a while making good profits. Now, in most illiquid markets there are strong hands. Stronger than my hand anyway. If you...

In an efficient and liquid screen trading based market with a deep order book where there is no spread dictated by a market maker or specialist, when your higher bid is hit and you indeed get filled the spread instantly contracts and then opens or closes to the next best bid and offer. Now...

oh...I'm sorry...I didn't think you are so naive...I still hoped you had something better to say. This is not buying the bid and selling the offer This is buying the bid and making an offer to sell If you do not understand the difference of what I am talking about you will keep losing...

Win rate is in the range 64% - 68%. This is a swing/position trading system. I have to overcome my risk aversion and start taking more risk. I risk no more than 1% of my acount on each trade due to my silly risk aversion because I cannot deal with large drawdowns psychologically that is. I am...

Instead of exhibiting publicly your good command of English language why don't you explain to us how to buy the bid and sell the offer consistently without risk and through a broker. If you don't do that, you are simply a troll who is so frustrated with his own misconceptions about things he...

Accoring to the numbers you gave your expectancy is: E = 0.4177 x 1.58 - (1-0.4177) x 0.8 = 0.19 and not 0.24 as you said. Also, your profit factor is equal to: o.4177 x 1.97/(1-41.77) = 1.41 Both the expectancy and the profit factor values are very low and indicate a system that...

What is your average win and average loss and on how many data points was that calculated on? Is your p/l = 1.97 the profit factor?

Lol...he has friends who are willing to pass the spread to him... Maybe he is a floor broker, he pays no commission, just a small fee or something, he matches buyers and sellers and he makes the spread. I wonder though why does he things this is scalping? hmmm... Poor kids...

If youngTrader, BondTrader and you are floor traders or market makers I agree you can do it and I said that already. Traders like me must use a broker unfortunatelly that is. Now, did I hear correctly that you called IB a bucket shop? If so, can you recommend a better broker?

Whoever is trying to convince people that buying the bid and selling the offer is a profitable startegy is an idiot who has never traded anything except garage sales.

I suspect you do not even trade. Why don't you try to trade instead to see if you can by the bid and sell the offer and make money from such actions. I have been trading for more than 15 years. I use IB as my broker. Do you have a broker? Let us know who your broker is and then we can figure...

Excel is the best for that

In an efficient and liquid market you cannot profit from bid/ask spreads. If you try to profit by lowering the spread or opening it, others will compete with you. You can profit from such strategy only as a market maker. There are 2 types (1) those that are assigned by an exchange to act as...

is that they go after the account of any unskilled traders, not their numbers

You did not answer my question regarding the type of trading application you would like to develop. I will tell you what kind of application I think is interesting and there are not many choices available that are reasonably priced and cover a wide variety of options and features...

I think the number is an order of magnitude less than that if you put a limit on the frequency of day trades. Occasional day trades maybe that many, I doubt it though. Frequent day trades, I won't be surprised if the number is less than 20,000.

I agree.

I don't think the actual number of traders is as high as you think. Most people invest or just take risks here and there. Traders are a very small percentage of the people who deal in the markets, including brokers, market makers, information providers, platform developers, etc. During the...