Quote from bighog:
DO NOT think scalping is the answer. TRADING is great, but scalping is a mirage. :eek:
Quote from bighog:
Do yourself a favor and take the word SCALPING out as a trading goal.
Good luck...........DO NOT think scalping is the answer. TRADING is great, but scalping is a mirage. :eek:
Ok, time to bring home some bacon soon. Good luck you position intraday folks Quote from bighog:
My definition of SCALPING (ES) is anything less than 2 handles. (i would even go as far to say that many even go lower than this amount).
Personally i feel many traders look to scalping because of losing many trades when attempting to catch intraday runs in the past. (a intraday position trade). Makes sense because there is not a single reason on the planet for a daytrader to attempt to take TICKS out of the mkt rather than HANDLES.
Look at the reward to risk: What is a scalper trying to accomplish? What is a scalper trying to avoid? The simple answer is that a so called scalper is envisioning profits and scared stiff to do trades where the risk is anything below THE SAME PROJECTED PROFIT. This is a flawed strat for anyone but the market maker who can BUY the BID and SELL the ASK.
Small tiny tick profits is a SURE CLUE that this trader is afraid of the game he/she is playing. Scalpers as they like to be called, TAKE the small profit before it goes "PUFF".
Face it guys, scalping is for chicken littles. NO ONE , NO ONE comes into trading with the intention of becoming a scalper unless he/she is heading inside the pit.
Scalping as a strat is an excuse for avoiding the truth that said trader has a hangup on taking losers.
Scalping for small wins is a ticket to failure. WHY? Because if one is afraid to take a loss on an intraday position trade and gets desperate and turns to SCALPING as a relief valve, where is it written that this same person is automatically going to TAKE a loss before it wipes out all those small kiddie profits?
Scalping is nothing more than an off the floor trader trading NOISE........WHY? Because a scalper is doing trades where the risk/reward is no better than flipping a coin. Scalpers are at disadvantage to coin flippers also because coin flippers do not need to pay commissions. Flips that scalp are (and i will bet the farm on this) NOT TOUGH ENOUGH to TAKE small losses. Flip scalpers will stick with a loss and watch 10 small scalps go down the toilet. Scalpers are AFRAID to trade with a proper r/r ratio. Why? Why else would anyone on the planet say to another person......"I SCALP for pennies in one of worlds largest cash pots." They really need to say>.. I am lost, i am on road to ruin.
All leads back to original contention: scalpers can not trade good enough to trade intraday positions. ...
PS, Scalpers do nothing more than provide liquidity for us intraday position traders. thanks guys
Quote from bighog:
My definition of SCALPING (ES) is anything less than 2 handles. (i would even go as far to say that many even go lower than this amount).
Personally i feel many traders look to scalping because of losing many trades when attempting to catch intraday runs in the past. (a intraday position trade). Makes sense because there is not a single reason on the planet for a daytrader to attempt to take TICKS out of the mkt rather than HANDLES.
Look at the reward to risk: What is a scalper trying to accomplish? What is a scalper trying to avoid? The simple answer is that a so called scalper is envisioning profits and scared stiff to do trades where the risk is anything below THE SAME PROJECTED PROFIT. This is a flawed strat for anyone but the market maker who can BUY the BID and SELL the ASK.
Small tiny tick profits is a SURE CLUE that this trader is afraid of the game he/she is playing. Scalpers as they like to be called, TAKE the small profit before it goes "PUFF".
Face it guys, scalping is for chicken littles. NO ONE , NO ONE comes into trading with the intention of becoming a scalper unless he/she is heading inside the pit.
Scalping as a strat is an excuse for avoiding the truth that said trader has a hangup on taking losers.
Scalping for small wins is a ticket to failure. WHY? Because if one is afraid to take a loss on an intraday position trade and gets desperate and turns to SCALPING as a relief valve, where is it written that this same person is automatically going to TAKE a loss before it wipes out all those small kiddie profits?
Scalping is nothing more than an off the floor trader trading NOISE........WHY? Because a scalper is doing trades where the risk/reward is no better than flipping a coin. Scalpers are at disadvantage to coin flippers also because coin flippers do not need to pay commissions. Flips that scalp are (and i will bet the farm on this) NOT TOUGH ENOUGH to TAKE small losses. Flip scalpers will stick with a loss and watch 10 small scalps go down the toilet. Scalpers are AFRAID to trade with a proper r/r ratio. Why? Why else would anyone on the planet say to another person......"I SCALP for pennies in one of worlds largest cash pots." They really need to say>.. I am lost, i am on road to ruin.
All leads back to original contention: scalpers can not trade good enough to trade intraday positions. ...
PS, Scalpers do nothing more than provide liquidity for us intraday position traders. thanks guys
