Emini S&P - Profitable Scalp Trading

Quote from EminitraderDM:

After doing some more reading and some more research, it seems that short term position trading for multiple points at a time with tight stops is more efficient and better for capital management.

Here is a chart that i marked up from friday with some entry and exit points, along with my reasoning. How is my understanding? Am i close?

**EDIT**Ignore the actual trades, those are scalps. Trades taken before i woke up to the fact position trading may be a better route.
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I am glad that you are enjoying trading EmDM
 
Quote from EminitraderDM:

After doing some more reading and some more research, it seems that short term position trading for multiple points at a time with tight stops is more efficient and better for capital management.

Here is a chart that i marked up from friday with some entry and exit points, along with my reasoning. How is my understanding? Am i close?

**EDIT**Ignore the actual trades, those are scalps. Trades taken before i woke up to the fact position trading may be a better route.
More...

that's a pretty busy chart. does each additional element play a part in each trading decision? or market read? if the honest answer is yes, cool, keep on rollin'. if not, it may be worthwhile to make sure everything on your chart deserves the real estate.

i'm not pushing or suggesting anything in particular, other than making sure everything you see on a chart facilitates, not obstructs, your view.

g/l
 
Quote from austinp:

<i>"Most of you guys are retarded. Very few have anything informative or insightful to say..."</i>

But the rest of us are talking from experience. I have no doubt that common logic tells you in the back of your mind that every single emini trader with zero exceptions has at one time in their career the same epiphany you did. Why do you think all of us aren't raking in $$millions scalping two-tick moves? Please tell us you don't honestly think all veteran traders have overlooked the obvious which you seemingly discovered.
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Moreover, who sez that those 2-ticks are guaranteed? In a fast moving market, it takes less than a second to move 2 ticks, let alone 2 points. What happens when the market immediately goes against you? Just where do you bail out?
 
Quote from saliva:

Moreover, who sez that those 2-ticks are guaranteed? In a fast moving market, it takes less than a second to move 2 ticks, let alone 2 points. What happens when the market immediately goes against you? Just where do you bail out?
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Have you read my most recent posts? Or just the first?
 
EminitraderDM, I am NOT- repeat NOT - offering trading advice here...but, what I will say is this...I am hard pressed to believe that trading fast moving E-Minis will work in a VERY volatile market via charts. I think you would/should become familiar/comfortable trading via numbers - watching the actual ticks and movements of the market - more likely a "Depth of Market" view. I repeat - I don't treat those babies (E-Minis)...but, I do watch them now and then ;-) I WILL recommend this - see if you can find out the latency and number of missed "messages" per day from your data supplier - this may help your choices :-)
-gastropod
 
Quote from EminitraderDM:

should i test this on a live account?
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dude...in all reality...this means absolutely nothing...sorry to burst your bubble but...nothing, nothing, nothing can equal what trading with real hard earned $$$ cash is like. You do not "sweat" or anything with a sim demo account...who cares?...papertrading or demo sim trading is actually very deceiving compared to what trading with real cold hard $$$ cash is...I've personally learned nothing from sim demo trading and everything from all the aspects of trading with real/live $$$ money...just my thoughts but do what you do your own research and best trading to you..
 
Quote from EminitraderDM:

Im new to the Emini Futures Market, but have found scalping the highly liquid Emini S&P 500 very lucrative. On a day like today when there really are not large frequent swings you can be very profitable.

Here is a summary of my trading for the day:

I use 5 contracts for each position.
Profit target is 2 ticks

Here are the results:

October31Summary.jpg


92 Contracts x $5 per car = $460
-(Gross profit $2100)
= $1640 net

10 Contracts = $3280
20 Contracts = $6560
30 Contracts = $9840

I picked this up for fun, but this is a serious business with rediculous cash flow. I feel like I'm doing something illegal haha.

I was some what successful with position trading as well, although the stress per trade was killing me...scalping with its limited exposure is fantastic!

These scalping results are consistant for me...am i right here...should i test this on a live account?
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Take the reverse perspective and state your plan for exiting losers. Max draw down, max trades per session. Do you know when to stop for the day? Are your entry signals calculated and consistent? If you have a plan to limit the downside and when to stop trading than by all means go live.
 
Quote from increasenow:

nothing, nothing, nothing can equal what trading with real hard earned $$$ cash is like.
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Tru dat.

I was just reading a book that used MRI technology to monitor brain behavior while the individual was playing a game.

In one scenario the individual was rewarded 1 cent for every point he earned in game play.

In the second scenario the individual received 1 cent, but the reward was given to a charity.

What was interesting was that the two different scenarios created activity in two very different parts of the brain. Everything else remained the same.

Paper trading and real trading, I believe, are the same in that success while in one brain area does not translate into success in another part of the brain. Too bad, I wish it were different.

Paper trading is good for learning the mechanics of trading but little else.

When Sammy Snead, one of the greatest golfers of the 20th century, was asked what is the quickest way to learn to golf. He replied, "Play for $100 a stroke!"

No gain without pain.
 
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