profit target for scalpers/active day traders

Quote from gurucandidate:


Fading the end of a correction in a trend:
these days 40- 50 pts. I have a resting order at target and every 10 seconds I lower it and within a certain time I am out win or lose. I am not concerned with breaking even.

Fading the end of a move that is with the trend but quite extended: 20-30 pts. Again start with 30pt target and keep narrowing it. Sometimes I scale one or two more at the end of moves that are extended. One has to take it back if the price is not giving.

Paying up if I sense continuing momentum:
20-30 pts. (lowest winning percentage) bad habit, at least on my part. Trading with the crowd. I am nervous when I go with the move.

I am not using stops.
More...

gurucandidate,

Apparently we are scalpers of different types. Your core strategy (in ER2 and CL) is to fade the move.

I'm scalping in a very different way. Even though I call myself a scalper, I'm actually a swing trader by nature, just operating at lower time frames. The majority of my trades are either continuation or range-bound. I don't fade the move often unless I see quite strong evidence of the overstretching of the move. Plus, I always use stop even though my stop is not hit often. Having a stop makes me be able to concentrate on price action since I don't need to worry the market will run away too fast adversely.

Enlightedtrader
 
Quote from ssss:

WTF???

Otherwise, good thread.
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Any dubios ?

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and director of BAFIN(Germany SEC)


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Dude you have to trade real coin to make anything you are saying stick..contests are not real trading with real money.
 
Dude you have to trade real coin to make anything you are saying stick..contests are not real trading with real money.

#### to trade real coin #####

This ideja not without weakness

To make real profit sound better. question with capital or without ? Better without ...

Win in contest 100000 $ without any cent risk
for two month is better from risk point of view

As try to make from 2000$ - 100000$ with real money in two month's

Author point of view ,as win of 100k $ in contest is very rare
must try perform win with small capital .
 
Gentlemen

If you believe that scalping is better ,than which are grounds ?

One i see -you wish to make your broker lucky ...

Another ? Is more profitable as results by tactic ,which used
by trader contest's ? To date not observed

Is risk lower by equal result ?


USA trading champions as Mark.D.Cook ,Mark Minerwini
are not scalpers .

www.markdcook.com

http://www.minerviniprivateaccess.com/index_.html

Martin Schwartz ? He has place on exchange .
 
TradEStar


There are some very large and successful hedge funds which thrive off of HFT scalp systems.
################################
Best funds is Medalion from Simonis ,only for he's staff
(independent performed better as funds from GS,MER,MS &)

fund performed last year from 3.3 bill$ untill 6 bill $

Author suspect that is worldrecord for this capital

But it is not scalping ...

Complex of fundamental,technical ,market santiment ,risk management &

but Fund not tryed 100 time per day to catch 1-2 tick

------------------------

PROP of echo trading/DON Bright present on forum/ used
dayx trading with high margin on stock .

But no any evidence ,that Don Bright traders have result better as Mark Minervini.See Minerwini side example of trading
It is 1-3 month trading for multiple position'S
 
OK....if you need to make more than a few billion, then do not scalp...do something else. No one has a "monopoly" on HOW to make profits in the markets.
 
thesecrettrader

OK....if you need to make more than a few billion, then do not scalp...do something else. No one has a "monopoly" on HOW to make profits in the markets.

##################

...no doubt

But to date not observed any relevant result from scalper not for 3000$ capital not for
3 bill$

What is fact

1. Transaction fees and spread would make
scalping for retail l very heavy
2. Broker woud lucky
3. Software producent ( time/volume/price analys for only 149$ per month & ) alsov
4. Persons as Don Bright ,which provide for
day trader capital,margin ,platform,room &
(not wihtout charge )


If you observed or have any ,as example

Operator performed 1000 operation per month
Average profit - 1 tick,2 tick half point
Average loss - 2 tick ,half point ,1 point
winning ratio -51% ,60% but r/r was worster as 1:1

please inform the author

Your respectfully
 
... first message in this trade

This is no strict definition for scalpers/active day traders. I'm considering at least 10-20 round trip/day as a minimum in most days (with the exception of strong trending days).
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In some very good day for author was possible
to catch good movement (price disbalance between en,es,eym and ert ) and in one direction of ert with magnitude 7 points
catch 10 points of ert in two hours with some
20 operations .

But that can not be each day .

Good day give opportunity to catch 2-3 movements ( direction switched intraday)
each with some 5 points for ert.
to catch this movement can be used 3 operations and 30 operations

but this kind of good day would 1 from
10 ,and not in each of this kind of days trader would be successfull

To date see no reason ,to perform each
day 20 -30 operations . Must be selected
best day with best(fundamental,technical and market santiment ) conditions
 
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