Do successful scalpers REALLY still exist today? I am talking about at least 5 years profitable trading. The few scalpers my family knew all switched timeframes or retired a long time ago because algos changed the game in terms of risk/reward. Do you know any? I am not talking about daytrades holding for a few minutes to hours, I am talking about those who are in and out dozens of times a day.
Is scalping still viable
- Thread starter David's faith
- Start date
Do you know any who are still in the game?
None.
They either left the trading house.
Or they do day trading (with charts).
Those scalpers used to look at the ladders only (ie no charts).
Curious why you ask? Is it because you're considering scalping? And haven't had success with it so far?
I've heard conflicting comments on this question throughout the years, but from my own experience, I fail to see why scalping should no longer be profitable. The obvious challenge for a scalper is that your R/R ratio is generally inverse - meaning you'll risk more than you stand to gain. So, essentially you need a high win % in order to get ahead. I do think this is possible, though.
As for a 5 year track record - good luck finding anyone who can provide that for any kind of trading on ET.
Yes they do exist, I know some, but only because they have algos/HFT to support them, even trained students don't have energy these days who stick to Intramonth (investing) and sometimes Intraweek (daytrading+), I'm one of the few still able to do it.
You can see the bounce on MN1 from 1.2545 to 1.2550, but today scalping is measured in minutes not seconds which has been replaced by HFT on-exchange, anyone saying they do that is simply lying.
I still have some equities scalpers trading with me but not as many as in past. I think is harder but of course still possible. But depend on what you mean scalping, I think not so much time (seconds) but just small price profit. I know some who are very good but only take $0.01-$0.02 most trades but make hundred+ trades in day, sometime seconds but sometime minutes. To me this still scalping even if take minutes.
I haven’t heard of a professional scalper since before the pale faces killed off the mighty buffalo.
I have 2 automation scalping systems, been running 10 years. But it is not like doing hundreds of trades like the 80/90s. Each risk few ticks to make 1-6 ticks about a dozen times a day over 20 futures. But new systems I develop risk few ticks and aim for far greater in points.
Days of old are gone
Days of old are gone