Scalping ES - how many ticks?

[wrbtrader]

Quote from oldtime:

let it go. getting back to opie's question, what is a reasonable target for an ES scalper?

And more importantly, what is a reasonable loss for an ES scalper?

Scalping is a tough business and I wouldn't want to do it anymore

But many with small accounts think that is the way to start

that's what I thought and that's what I did

not sure if I was starting out again I would take that route

better to leave scalping to the big boys

IMHO a much better route is FX where you can trade your true style regardless of account size

ES use to be for the little guys, all the big money was in the pit and SPY, but not anymore. Every nook and cranny of ES has been exploited and that's a rough way to go for a retail scalper.

To answer your questions about scalping...

That's a strategy specific question that only backtesting of a specific trade method will give you clues about what's "reasonable" via your specific method.

Simply, what's reasonable to one trader will not be reasonable to another trader because they are using different scalping trade methods. Yet, if you are using the same scalper trade method as another scalper along with having similar resources & tools...that's when you can compare notes about what's reasonable (seriously).

Also, a lot of traders call themselves scalpers when in fact they didn't even have the proper tools to be scalping. For example, if you're not getting special commission rates to be competitive as a scalper...you're at a great disadvantage and will most likely not last long in the business of scalping the Emini ES or anything else.

P.S. I'm not a scalper but I did stay at the Holiday Inn Express last night.

 

[oldtime]

Quote from wrbtrader:

The thread starter didn't ask anything about scalping.

Yet, to answer your questions about scalping...

That's a strategy specific question that only backtesting of a specific trade method will give you clues about what's "reasonable" via your specific method.

Simply, what's reasonable to one trade will not be reasonable to another trader because they are using different scalping trade methods. Yet, if you are using the same trade method as another scalper...that's when you can compare notes about what's reasonable (seriously).

Also, a lot of traders call themselves scalpers when in fact they didn't even have the proper tools to be scalping. For example, if you're not getting special commission rates to be competitive as a scalper...you're at a great disadvantage and will most likely not last long in the business of scalping the Emini ES or anything else.

I don't know why I even care. I wouldn't touch ES with a ten foot pole, especailly for 3 ticks.

But that's what we all use to do. The inefficiencies were much more pronounced, and there was a lot of retail interest in the stock market.

I never did figure out how to do it, I just got lucky.

We had a little chat room, most of the guys traded NQ, I was the only one trading ES, and all we did was scalp for one two or three ticks. Full point and quarter was the get out loss limit.

The best trader used nothing more than a 200 day moving average on QQQ. If it was above he traded from the long side, and if it was below he scalped from the short side.

those were the days my friend

 

[wrbtrader]

Quote from oldtime:

I don't know why I even care. I wouldn't touch ES with a ten foot pole, especailly for 3 ticks.

But that's what we all use to do. The inefficiencies were much more pronounced, and there was a lot of retail interest in the stock market.

I never did figure out how to do it, I just got lucky.

We had a little chat room, most of the guys traded NQ, I was the only one trading ES, and all we did was scalp for one two or three ticks. Full point and quarter was the get out loss limit.

The best trader used nothing more than a 200 day moving average on QQQ. If it was above he traded from the long side, and if it was below he scalped from the short side.

those were the days my friend

Emini ES just doesn't have the volatility it use to have in the old days.

You either had to adapt or switch to something else. Those that refuse to adapt and continue trading it...got burnt. Yet, the Emini ES is the most advertised and most discussed trading instrument to "retail futures traders". Therefore, it will remain popular to trade to most new futures traders.

 

[oldtime]

Quote from wrbtrader:

Emini ES just doesn't have the volatility it use to have in the old days.

You either had to adapt or switch to something else. Those that refuse to adapt and continue trading it...got burnt.

I know, but that's the kind of things they told me.

I agree, that's the way I see it.

But some young kid may be seeing something I am too old to notice.

If you keep wearing the same tie everyday, at first you'll be cool, and then you'll be average, then you'll be queer, then you'll be ecentric, then you'll be retro and finally you will be cool again.

only by then they will say, "Your dad is cool."

 

[hitnrun]

let it go some of you guys just don't get it . let's agree to disagree

I Don't pay $ 6.40 for buying & selling 1 es contract on a 5 minute trade

That is exactly what a few of your are saying Right ?

For the final time . I pay the $ 3.20 r/t fee for my trade ( per example )

You Can't just pay the 1.60 when your enter the trade . and the balance when you close the trade. get real

Some of your guys are clueless about simple math

Anyone can explain it how it works then ? show me ?

 

[oldtime]

Quote from hitnrun:

let it go some of you guys just don't get it . let's agree to disagree

I Don't pay $ 6.40 for buying & selling 1 es contract on a 5 minute trade

That is exactly what a few of your are saying Right ?

For the final time . I pay the $ 3.20 r/t fee for my trade ( per example )

You Can't just pay the 1.60 when your enter the trade . get real

Some of your guys are clueless about simple math

no, you let it go. It's one thing to kill your prey, it's another thing to enjoy seeing him twist in the wind. get over it man. No good trader holds grudges. Tomorrow is a new day and a new trade.

 

[wrbtrader]

Quote from hitnrun:

let it go you guys just don't get it . let's agree to disagree

I don't pay $ 6.40 for buying & selling 1 es contract on a 5 minute trade

That is exactly what a few of your are saying Right ?

I pay the $ 3.20 r/t fee for my trade as the example earlier.

Some of your guys are noobs are clueless on simple math

move on to the topic at hand already. a mute point

The best way to let it go is to stop commenting upon it and make it a mute point via you not responding anymore (seriously).

Nobody, unless I missed the message, has said you would pay TWO roundtrips. In contrast, we have stated you will pay TWO fees (once per side to equal two fees charged)...$1.60 to enter and $1.60 to exit. In addition, we specifically asked you questions that you REFUSE to answer.

1) Does your broker charge you upon trade entry $1.60 or $3.20 ?

2) If you were to exit your position days later...will your broker charge you another fee as in $1.60 ?

3) Who is your broker ?

If the broker charges you per side as in $1.60...you will then have to pay a second time another $1.60 to exit the trade whenever that occurs...you will not pay have to pay that second time until you've exited your trade position Therefore, you have been charged a fee TWICE (once per side). It's as simple as that to contrast you saying you'll pay $3.20 all at once (as in upon entry) even though you may not have exited the position.

I won't expect you to respond to the questions and therefore I will now let it go. Just as importantly, I won't comment upon this topic again after this message post. Seeya and hopefully you're not as stubborn, rude (name calling like some misbehaving kid running around ET) in your trading as you are here at ET.

P.S. I apologize in advance if you're a foreigner and if you don't read English too well. I will now let it go and move on...agree to disagree.

 

[GTS]

Quote from hitnrun:

velocity futures. look on their site.

you pay one time for both sides of the trade which is called a r/t commission . I have stated that million times already.

That is the way it works . that is how it works for me

why are some of you guys confused about this ?

Tell me where i am wrong ? If you can ?

How can you trade futures and not grasp the simple concept that you are charged each time you make a trade and not a "round trip" charge when you open the position.

Have you never had a buy and sell on a different day? Take a look at your trade confirmation, you are being charged $1.76 per trade not $3.52 on the buy and zero on the sell.

The per side charge is listed right on the Velocity site:

www.tradewithvelocity.com/commissions/product-commissions.aspx?productID=46

 

[hitnrun]

how some of you clowns get through the life is amazing

guys keep paper trading & dreaming about making money trading one day

all you posers ever do is bash others on et because your ignorant losers

 

[traderslair]

It's stunning how you refuse to say: Hey I was wrong, it's true that you are charged per trade, not RT.

One more thing: not every futures trade is a RT. Some do physical delivery or deliver of the underlying. Meaning they only pay 1 side and NEVER a RT because they never offset that trade.

Looking forward how you are going to answer my remark about the physical delivery to me.