1 Lot Question (Bonds)

dhale75 · Jun 22, 2005

I am a bond trader who just started trading 1 lots. My question is what is a good profit (tick) goal in the bonds on a daily basis trading a 1 lot? I am a scalper and I know my size will increase as I become more consistent ( Im at a prop house), just wanted to know how many ticks is good on a daily basis. Thanks guys.

zf trader · Jun 23, 2005

What is the name of the prop shop?

kalinka · Jun 23, 2005

I have seen the question earlier.
The answer was 10 ticks per day is good.

Walther · Jun 23, 2005

If you make net 5 ticks a day, you are very good. Scalping is not the best way to trade T Bonds.

Nick Leeson Jr · Jun 23, 2005

I wouldn't try scalping either. 6-10 ticks is what I try for, but with one lot, I sometimes try for a 16 tick. I guess it all depends on what you are comfortable with.

ssternlight · Jun 23, 2005

Look out for report times. 5 ticks or 10 ticks becomes rather meaningless then...

dhale75 · Jun 23, 2005

Quote from Walther:

If you make net 5 ticks a day, you are very good. Scalping is not the best way to trade T Bonds.

Thanks. Would you suggest something like a "longterm day trade" if you will, where I make a couple of swing trades and hold for a few hours to take more out of the trade, instead of the get in get out, in, out stuff?

okwon · Jun 24, 2005

Quote from kalinka:

I have seen the question earlier.
The answer was 10 ticks per day is good.

10 ticks per day is extremely good for scalping bonds. You can make a lot of money making 2 ticks or even 1 tick per day, if you can do it everyday. Consistency is more important with scalping.