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ES scalping,is it worth?
- Thread starter Torge
- Start date
Quote from Torge:
Hi,
yesterday i tried to scalp the E mini.
My target was 0.25,my stop was 0.5 and 0.75pts.
The market run three times against me,so damn fast.So i was stopped out three times.
Is it worth scalping the mini?what is your risk setting?
In my opinion it is realy hard earning money in the E-mini.
Maybe you get 0.25pts and then loose 4 times 0.5pts.
All you need to do to increase your profitability is to increase your size. Fear not and trade large.
Quote from Torge:
Hi,
yesterday i tried to scalp the E mini.
My target was 0.25,my stop was 0.5 and 0.75pts.
The market run three times against me,so damn fast.So i was stopped out three times.
Is it worth scalping the mini?what is your risk setting?
In my opinion it is realy hard earning money in the E-mini.
Maybe you get 0.25pts and then loose 4 times 0.5pts.
Think about it this way, it's extremely rare to buy the bid/sell the ask in ES without the price ticking through to the next level.
Hence in order to hit your target of .25, the price actually needs to move .5 in your direction. But to get stopped out at .75, the price only needs to tick down by .5.
So if are long, and the price moves up by .5 you make .25, but if it moves down by .5 (the exact same amount), you lose .75 or three times as much. In this setup you have to be right 75% of the time to break even before commissions. Good luck!
-bbc
Quote from TriPack:
All you need to do to increase your profitability is to increase your size. Fear not and trade large.
One more thing, always initiate a scalp or two right before major economic reports as this is the time when you have the best opportunity to really rack up the points.
Quote from TriPack:
One more thing, always initiate a scalp or two right before major economic reports as this is the time when you have the best opportunity to really rack up the points.
And make sure you trade with one of those brokers who has $1K daytrading margins so you can always maintain the maximum leverage out of your account.
Quote from TriPack:
One more thing, always initiate a scalp or two right before major economic reports as this is the time when you have the best opportunity to really rack up the points.
just like the inexperienced 'chuckers' who bought the better than expected non-farm only to have the bids disappear 10 handles lower!