Proof that scalpers can make money

Laissez Faire said:
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But, two months and 51 trades is a way too small sample size to draw any meaningful conclusions.

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Best of luck.
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Perhaps I should disclose my excel spreadsheet that I tracked hundred of trades for my setups after fine tuning my trading system for years. Back then, my win rate was <70% for those setups because I were struggling with different market conditions.

After those years of practicing and improving my setups, I finally came out of my shell and making money day in, day out with win rate >90% (Indeed, I haven't had 3 consecutive losing trades for many months. Also, I've not had a single losing trade this week so far.) However, I do aware of that it's not a 100% profitable business which is why I always pay attention very closely to stop loss rules per trade.

Best of luck to you too.
 
QTrader20 said:
After those years of practicing and improving my setups, I finally came out of my shell and making money day in, day out with win rate >90% (Indeed, I haven't had 3 consecutive losing trades for many months. Also, I've not had a single losing trade this week so far.) However, I do aware of that it's not a 100% profitable business which is why I always pay attention very closely to stop loss rules per trade.
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This is very impressive given the fact that Jim Simons from Renaissance Capital spent millions of dollars and many man-years with the top quants and statisticians to develop a trading system that only had an average win rate just north of 50%. Of course the system had a great profit factor (avg win $ / avg loss $).
In my experience using stops has a significant negative effect on the win rate. ...so what you are saying is not really "jiving".
 
syswizard said:
so what you are saying is not really "jiving".
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Agreed. Once you see yourself doing 50 trades with barely a loss, you trade the shit out of this system for fear the market changes on you. You compound to the moon and in 6 months make more than you will ever need.
 
syswizard said:
This is very impressive given the fact that Jim Simons from Renaissance Capital spent millions of dollars and many man-years with the top quants and statisticians to develop a trading system that only had an average win rate just north of 50%. Of course the system had a great profit factor (avg win $ / avg loss $).
In my experience using stops has a significant negative effect on the win rate. ...so what you are saying is not really "jiving".
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Maybe I'm one of those exceptional ones because my approach to trading is quite different than many others on here and yet, the amount of efforts I put on my trading system is way beyond one can describe. Heck, I even once lived as an expat for many months among cheap Schengen countries and Thailand while improving my setups and manually forward testing them to building stats. There were many times I ran out of ideas or got stuck, but I continued without giving it up. I doubt any ETer can do what I've done to get to where I'm right now.

Btw, the different between me and many quants is that they don't spend a decade like I do to observe and understand market structure before building their setups. That said, a major breakthrough in my trading is how I understand deeply about the way market structure work and how I refine my trading system to recognize those market movements. From there, I can see a big boost in win rates among my setups.

Anyway, I'm done with explaining. What matter now is how my setups will perform next week, next month, next quarter or next year. Should one of my setups fails 3 times in a row, I'll take a pause to evaluate whether it's my fault or there is a change in structure. If there is a change in structure, I believe I can improve it quickly due to deep knowledge in market structure that I possess. In worst case scenario, I'll get rid of it and concentrate on any new setup that my trading system generates. Heck, I might even begin to focus on those mean reversion ones that I've seen working over and over again, which I don't trade.
 
Here is my blotter for this trading week with no trading took place on Thursday & Friday.

Please notes a losing trade was executed wrong as I already explained before.

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Here is my blotter for day/swing account with no trading on Thursday & Friday. Since I'm using this laptop to read/post on ET, I'll just capture screenshot instead.

Done posting on ET for today.

Enjoy your weekend...

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@QTrader20

Probably better off to just show your blotter and trades and share anything you wish to share about your methodology without engaging in discussions trying to prove it. People are skeptical for a variety of reasons and it is generally a waste of time and endless battle to convince people of a high win rate and a reliable system. It simply can’t be so in most traders Worldview. They cannot see it or believe it even if shown on a chart. I tell folks to test it out on a sim. I doubt they do. Anyway it can be likened to pulling teeth from a jackass to convince anyone. I guess they have seen so much stuff not work that they can’t believe anything will work.
 
Laissez Faire said:
Emotional outbursts and posts like this are the precise reason why people won't disclose details about their trading system and share their hard work publicly at a place like this.

For what purpose?

Those who have something of value generally keep it close to their chest while those who don't just can't stop 'teaching' and preaching.
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There is something very suspicious about someone who does not post the simple details, like how much their net profit is. Why is it redacted? What is there to hide, and who is it being hidden from? It's an anonymous forum. Q20, it's not like anyone here knows who you are. Are you hiding those bits from the IRS? An angry EX who knows who you are and is looking for alimony/child support? I can never understand that bit. Hey man, it's your journal. But if you are doing nothing wrong, I cannot fathom why you would hide anonymous details.
 
Well, his stats indicate an avg win amount of 1-2 ES ticks for a $10-$20k account. If he's at $100k, then he is doing quite well at +10 to +20 ticks per trade.
I guess we'll never know for sure.
 
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