If I did? Fred I worked at the biggest in Chicago at one time..they are no longer standing...not sure what you are getting at. While they had a few traders who were doing well, a majority of them who tried to scalp went absolutely nowhere. And even the ones who were somewhat profitable werent scalping for a tick or two...they were taking more out of the trade, against managements wishes.
I dont care what the commisions are......when you scalp the euro for 1- 2 ticks you will lose in the long run..that mkt is too volatile. Like I said...you will have 50 -100 trades a day...tiny winners and losers....ad on the comm and desk fee and your ship is sunk. Why not wait out for good entry points and take more out of them/give more room. That is what successful trading is based on. Let your winners run, and cut your losers appropriately.
If this method is so good, why is it that 80-90 percent of "my big prop group in Chicago" lost money? I doubt that all of them were bad traders....it was the way the company wanted traders to attack the market. Tons of trades....more comm/money for the company...less for the trader.
I am not saying ALL scalping is a bad idea....but IMHO if you are gonna scalp, scalp something that is thicker and less volatile....maybe shorter term int rate futures....you can do much bigger size and less trades and still have a fighting chance...
