With your account, how many ticks would/do you need to break even on the ES during a round trip trade?
Scalping ES - how many ticks?
- Thread starter tenthousandmen
- Start date
I was thinking more for what the commissions your broker offers... some may be trading retail and require a couple of ticks, others less than one with an exchange lease contract.
There are other trading cost involved in trading besides broker commissions. Thus, if for example you need 1 tick for a trade to be profitable with commissions included...you will need another tick or two to cover other costs of trading.
Therefore, treat your trading like a business and determine your true cost per trade that's much more than just your broker's commissions.
that's why when they invented globex, those of us that lived out in the sticks, with low mortgages, no commute, no parking fees, no office rental and just a dial up AOL line could actually make a living on 1 or 2 ticks. $37.50 was a big deal.
but you are correct, there is another cost besides the commission, namely the spread, you start every trade down $12.50.
it's a hard life and I wouldn't want to go back to it. All the money is made catching a big trend.
most of the time the market chops, the chop, once you learn how to trade it just simply pays expenses.
30% of the time you break even minus the costs
30% of the time you actually breakeven
30% of the time you get lucky and catch a trend and that pays for everything and leaves you a little leftover to do something with
the only way scalpers ever learn this is after a really bad day and you get caught holding a big loss overnight
U pay 2 times.
Commissions and fees are always calculated per trade, never RT.
Commissions and fees are always calculated per trade, never RT.
who is talking about calculations ? bottom line cost is all that matters
if you trade cme emini futures contracts es nq ym ( example )
You pay a round turn ( r/t) all in commission rate period for that trade
You do not pay twice .. that is wrong r/t is how you pay
You go long 1 es emini futures contract commission charge r/t $ 4.00 on average . Your only cost
if you trade cme emini futures contracts es nq ym ( example )
You pay a round turn ( r/t) all in commission rate period for that trade
You do not pay twice .. that is wrong r/t is how you pay
You go long 1 es emini futures contract commission charge r/t $ 4.00 on average . Your only cost
No you're wrong.
When you go just long you pay 1 side.
When you offset your position you go short then you pay again. As you typed it, you said you directly pay 1 time a RT. That is NOT CORRECT AT ALL.
I guess this must be ET right. Full of people who trade futures but don't really have a clue what they're doing.
When you go just long you pay 1 side.
When you offset your position you go short then you pay again. As you typed it, you said you directly pay 1 time a RT. That is NOT CORRECT AT ALL.
I guess this must be ET right. Full of people who trade futures but don't really have a clue what they're doing.