That's good to know. Do you mostly scalp, ScalperJoe?
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Prop firm vs broker: pros and cons, fixed costs (pro data), etc.
- Thread starter Georgii
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That's good to know. Do you mostly scalp, ScalperJoe?
I used to, however I'm not trading at a prop firm anymore, only retail, and more swing than scalp.
SwingerJoe do you feel there is no money in scalping anymore ?
The problem with equities is unless you are taking size with just a few trades, you end up jumping around too many stocks while scalping to find the "runner" of the day, thus bleeding your equity through commissions.
Regarding "ticks" you're referring to futures, and I think if you're going to daytrade, then futures is a better alternative to equities. I'd say 10 to 20 ticks is decent per lot, rather than trying to go in/out for a few ticks.
I agree that less RTS and running for more per trade is the correct strategy.
Watch "How to catch a trader" as well. It's good. You can find it in Netflix. It'll give you another perspective as well.
Thanks. I just watched it yesterday, it was an interesting documentary, although obviously biased against the hedge fund firms.
Rajaratnam's brother was acquitted, which shows insider trading is actually more difficult to prove than the Frontline documentary suggested.
http://uk.reuters.com/article/2014/...FG11020140711?feedType=RSS&feedName=fundsNews