Scalping for 4 ticks; mangement?

[SPT]

Hello guys

I would like to scalp 4 ticks constantly on ES.

I always debated myself on what to do for stoploss.

Obviously, I will keep profit target at 4 ticks all the time.

Also I will keep stoploss at 4 ticks.

However, will it be more beneficial if I use trailstop instead of fixed 4 ticks stoploss?

Or maybe something like move to 2 tick stoploss once I gain 2 ticks?

I know that if I get into perfect setup then I do not have to worry about this but sometimes I gain 3 ticks and it goes against me and end up losing 4 ticks.

Opinions and recommendation?

 

[Scaleout.Scalper]

Hello guys

I would like to scalp 4 ticks constantly on ES.

I always debated myself on what to do for stoploss.

Obviously, I will keep profit target at 4 ticks all the time.

Also I will keep stoploss at 4 ticks.

However, will it be more beneficial if I use trailstop instead of fixed 4 ticks stoploss?

Or maybe something like move to 2 tick stoploss once I gain 2 ticks?

I know that if I get into perfect setup then I do not have to worry about this but sometimes I gain 3 ticks and it goes against me and end up losing 4 ticks.

Opinions and recommendation?

Ya, stop this nonsense and do not trade until you find an edge, why because between slippage and commission your strategy will slowly drain your account.

 

[Turveyd]

Personally I don't like fixed profit, if the ES was to run 10, I'd want the 10 or close to.

How many Ticks is your Comm's worth ??

Spread, 1 tick ?? need 5 up or 3 down, better be good at picking them.

Trailing stops, generally I find hit the SL too often at -1 or the like, before they move your way, very annoying.

 

[moonmist]

Hello guys


Obviously, I will keep profit target at 4 ticks all the time.

Also I will keep stoploss at 4 ticks.

Opinions and recommendation?

IMHO,

It reqiures a lot of knowledge and experience to accomplish that ........................

http://www.elitetrader.com/et/index...e-during-drawdown.228128/page-27#post-4067105

Definitely not for beginners.

 

[MrFuture]

Hello guys

I would like to scalp 4 ticks constantly on ES.

I always debated myself on what to do for stoploss.

Obviously, I will keep profit target at 4 ticks all the time.

Also I will keep stoploss at 4 ticks.

However, will it be more beneficial if I use trailstop instead of fixed 4 ticks stoploss?

Or maybe something like move to 2 tick stoploss once I gain 2 ticks?

I know that if I get into perfect setup then I do not have to worry about this but sometimes I gain 3 ticks and it goes against me and end up losing 4 ticks.

Opinions and recommendation?

Weren't you on another thread last month saying you were successfully trading with a 1:1 ratio with a fixed 3 ticks profit and stop, and that the 1:1 ratio was the way to go compared to other ratios ????

 

[SPT]

Weren't you on another thread last month saying you were successfully trading with a 1:1 ratio with a fixed 3 ticks profit and stop, and that the 1:1 ratio was the way to go compared to other ratios ????

Weren't you on another thread last month saying you were successfully trading with a 1:1 ratio with a fixed 3 ticks profit and stop, and that the 1:1 ratio was the way to go compared to other ratios ????

Yes, I had success for quite a while but when volatility died, it got much harder so I was wondering what other people are doing in terms of trade management. Just looking to enhance what I am doing

 

[Visaria]

The market can only give you what it can give you...your wish for 4 ticks consistently may or may not be granted.

 

[Turveyd]

Best bet for 4 ticks is...


Market in a fast uptrend, my 6sma envelope 0.03%, then you need to trail a limit order at the low, cause you get really quick spikes that instantly reverse.

Easy, stay out of slow markets or weak 6 trends.

 

[moonmist]

Yes, I had success for quite a while but when volatility died, it got much harder so I was wondering what other people are doing in terms of trade management. Just looking to enhance what I am doing

Hi,

Handle123 did mention some rules for trade management in 2012 on this message board. When you have time, you may like to dig them out by reading his posts.

However, today is February 20, 2015. He may have some new rules now.

Just my two cents.

 

[i am nobody]

Hello guys

I would like to scalp 4 ticks constantly on ES.

I always debated myself on what to do for stoploss.

Obviously, I will keep profit target at 4 ticks all the time.

Also I will keep stoploss at 4 ticks.

However, will it be more beneficial if I use trailstop instead of fixed 4 ticks stoploss?

Or maybe something like move to 2 tick stoploss once I gain 2 ticks?

I know that if I get into perfect setup then I do not have to worry about this but sometimes I gain 3 ticks and it goes against me and end up losing 4 ticks.

Opinions and recommendation?

You don't scalp, you gamble.
I know somebody who tried this. His account went -50% in a few weeks.
It is clear that you have even not the smallest notion about trading.