From Micros to Millions: 2% per day

[CALLumbus]

sstheo, this really looks excellent, good job ! I hope you can keep up the good work and bring in the $$ day by day. Your last run in the last journal was also fantastic, but then you had to stop and disappeared for quite a while. I hope it will last longer this time, but if you continue with such good trading then I see the big numbers rolling in soon, and you can already order your Ferrari or whatever you like

 

[scalpi]

that is the nature of scalping,
to have a lot of trades with small profits and only a few loosers !

you have to like that as your trading style ! otherwise it makes no sense to do it !

an I think that is SUPER SCALPING

 

[CALLumbus]

Don't want to be negative but I don't understand why it is so good?

$335 means 67 points. I agree on that. But he did 61 trades to achieve that. So 1.1 points profit per contract traded.
Or did I miss something?

Yeah man, 67 point, accumulated with a single contract per trade. What a lousy performance

 

[CALLumbus]

that is the nature of scalping,
to have a lot of trades with small profits and only a few loosers !

you have to like that as your trading style ! otherwise it makes no sense to do it !

an I think that is SUPER SCALPING

same here, thats how it works.

 

[NoahA]

At $335 net, yesterday was indeed my best day so far on this challenge, but when added to the day before, I merely got back on track.

Last time I believe you showed some charts with your trades. Will you be sharing this with us every now and then again?

 

[sstheo]

67 ES points on a single day is a fantastic catch, @sstheo . Very well done!

Please understand that I am trading on all four of MES, MNQ, MYM, and M2K. And I often have simultaneous trades on. So in my reporting, I guess you could divide the "S&P Ticks and Points" by four to see my performance if I were only trading the MES with a larger size.

Doing Your Own Thing.

I just love what a friend of mine said this morning--

"It is not a matter of trying hard, it is a matter of being in sync with the market before attempting trades. You need to know your levels and apply your trading style. That is all that counts for your goals. Everything else is garbage to me, regardless of who says it. LOL. To make a living at this thing, anyone can do it, BUT you must have a methodology, a system. Select a style proven to work consistently, and adapt the style of trading with being in sync with the market as a constantly ever-changing thing."

 

[sstheo]

Last time I believe you showed some charts with your trades. Will you be sharing this with us every now and then again?

Yes, more charts coming soon.

 

[QTrader20]

.... To make a living at this thing, anyone can do it, BUT you must have a methodology, a system. Select a style proven to work consistently, and adapt the style of trading with being in sync with the market as a constantly ever-changing thing."

Once a trader comes up with a trading system and understand well how to use it, it's just a matter of time he'll make money soon. You seem to get there now... I'm rooting for you

 

[virtusa]

Yeah man, 67 point, accumulated with a single contract per trade. What a lousy performance

Yeah, the market almost did not move.

 

[CALLumbus]

Yeah, the market almost did not move.

View attachment 242188

And you catch all those big swings ?

Anybody can be lucky and catch a 67 point swing in one day. Just go short, and come back a few hours later. Great, you are the big hero of the day. But the next day, will this work again ?

But to scalp over 50 trades in a session and have a +90% win rate, slowly piling up the profits during the day, tick by tick, point by point, this means the trader has at least some kind of skill in trading the market, or no ?

To each his own, if you make good money trading and catching those big swings, kudos to you.
But this is a scalper's thread, and if you dont like it, why you just dont move on and make your own journal, in which you catch those big intraday swings ? It would be very interesting to have the journals of 2 daytraders, one scalper and the other trying to go for the bigger profits, head to head.