You are TOO DUMB to understand my analogy about trading skills that one should posses to capture profits in this market. I doubt you can make any money in trading.
Another TRADERKING nick just showed up on ET... LOL
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Proof that scalpers can make money
- Thread starter QTrader20
- Start date
You are TOO DUMB to understand my analogy about trading skills that one should posses to capture profits in this market. I doubt you can make any money in trading.
Another TRADERKING nick just showed up on ET... LOL
Just a couple of comments related to the past dozen posts or so.
Regarding the time-in-trade: 10-15 minutes.
I have to say this is a bit long for a scalp trade...for ES or NQ for instance. Many of mine have been less than 3 minutes.
HOWEVER, it all depends on the market price action and activity level. I measure the latter by Ticks Per Second which I find invaluable. If that measure is low, your scalp trade is probably going to take longer to work out.
As far as analyzing multiple time-frames ? Well, looking at weekly charts seems a bit strange when your time-in-trade is less than an hour. HOWEVER, that might be helpful to develop a context for the market....trending up, down, or sideways.
For scalping, I think one must get into analyzing the microstructure of the market. This includes evaluating Inside BidSize, Inside AskSize, what trade volume is going off at the Inside Bid vs. Inside Ask, etc.
I've never been a big fan of Level 2 analysis (jigsawtrading) simply because of the extreme volatility of the orders beyond the inside bid/ask. In fact, it's been amazing to me to see how even the inside bid / ask order size changes so rapidly. Truly the algos are pulling/cancelling even these orders at a ferocious pace...thus, producing many "headfakes". I know the CFTC is monitoring the spoofing especially in the CME markets, but that doesn't really apply to the inside orders.
Hope this clarifies some issues here.
Regarding the time-in-trade: 10-15 minutes.
I have to say this is a bit long for a scalp trade...for ES or NQ for instance. Many of mine have been less than 3 minutes.
HOWEVER, it all depends on the market price action and activity level. I measure the latter by Ticks Per Second which I find invaluable. If that measure is low, your scalp trade is probably going to take longer to work out.
As far as analyzing multiple time-frames ? Well, looking at weekly charts seems a bit strange when your time-in-trade is less than an hour. HOWEVER, that might be helpful to develop a context for the market....trending up, down, or sideways.
For scalping, I think one must get into analyzing the microstructure of the market. This includes evaluating Inside BidSize, Inside AskSize, what trade volume is going off at the Inside Bid vs. Inside Ask, etc.
I've never been a big fan of Level 2 analysis (jigsawtrading) simply because of the extreme volatility of the orders beyond the inside bid/ask. In fact, it's been amazing to me to see how even the inside bid / ask order size changes so rapidly. Truly the algos are pulling/cancelling even these orders at a ferocious pace...thus, producing many "headfakes". I know the CFTC is monitoring the spoofing especially in the CME markets, but that doesn't really apply to the inside orders.
Hope this clarifies some issues here.
So it's been said already but holding 10 to 15 minutes is NOT scalping.
yes
pure bullshit...
i have always known it is possible to make money and now i know there is logic to movements.
i can teach a 10 year old child how to day trade in 5 min and he will not lose money.......in the long run.
with experience he can improve his results greatly
why?
if someone is holding for 5 years then 10 min is definitely scalping
there is no fixed definition of scalping.
Someone else's long term hold period trade has nothing to do with the definition of short-term intraday trading.
They don't correlate.
Let's take a stab at this:
1) HFT (high freq. trading) : Seconds
2) Scalping: minutes (up to 5 min)
3) Intraday Swing Trading (5 min. to several hours)
4) Interday Swing Trading (2-10 days)
5) Medium Term Trading (10 - 90 days)
6) Long Term Trading (90+ days)
good
Quite similar to my definition.
My definition:
- heavy scalper using machine or DOM ( few seconds. Trade hundreds of round turns every day)
- day trading ( few minutes to few hours)
- swing trading ( few days to few weeks )
- position trading ( few months to few years)
C'on..... there ain't any universal rule that a scalper must follow. Some scalpers make dozens to hundred of trades a day like a machine. Some other scalpers are happy to exit for a profit of 2 to 4 points (ES) per trade and call it a day while other scalpers want to maximize profits per trade. That said, I'm part of the latter. IF YOU WANT TO CONTINUE TO PROOF YOUR POINT THAT YOU ARE A BETTER SCALPER, YOU BETTER SHOW ME YOUR BLOTTER TO CONVINCE ME.
Besides, some of you keep responding without reading my posts. I'm going to say it again that I ALSO TRADE IN A SEPARATE DAY/SWING ACCOUNT. This account allows me to trade at night time and with wider stop loss. Here is the proof from last trading week. Please note that I took a screenshot instead of using a cellphone... I'm too lazy right now to take extra steps.
PS. you guys don't have to make any negative comment about that big losing trade which took at least 5 profitable trades to cover the loss. I don't care as long as this account is positive by market close on each Friday.
Besides, some of you keep responding without reading my posts. I'm going to say it again that I ALSO TRADE IN A SEPARATE DAY/SWING ACCOUNT. This account allows me to trade at night time and with wider stop loss. Here is the proof from last trading week. Please note that I took a screenshot instead of using a cellphone... I'm too lazy right now to take extra steps.
PS. you guys don't have to make any negative comment about that big losing trade which took at least 5 profitable trades to cover the loss. I don't care as long as this account is positive by market close on each Friday.
Where did you come up with these rules?????