Scalping for 4 ticks; mangement?

[Turveyd]

I would love to get 6 ~ 8 ticks, but sometimes it goes up like 5 ticks and turn around and hit my SL, which pissed me off. I do not know a way to tell when short term trend has stopped completely or not.

Try my 6sma envelope, 6 goes flat or you take a loss or 2 then give up. It should be profitable, if you only scalp in fast trend.

I manually close mine, where ever it stalls, my average FX pips is 9 area, but i have some 20's.

 

[Visaria]

Big problem you are gonna be facing with this 4 tick strategy is that you are competing and playing with the bots - good luck with that!

 

[SunTrader]

I love Vegas. Thanks

Actually prefer Tahoe casinos because its "Heavenly" there.

 

[SunTrader]

Try my 6sma envelope, 6 goes flat or you take a loss or 2 then give up. It should be profitable, if you only scalp in fast trend.

I manually close mine, where ever it stalls, my average FX pips is 9 area, but i have some 20's.

ES is not FX. Whole different ballgame.

 

[SPT]

Actually prefer Tahoe casinos because its "Heavenly" there.

Are we talking about Lake Tahoe? Do they have casinos?

 

[SunTrader]

Are we talking about Lake Tahoe? Do they have casinos?

Sure do, north and south shore. Also Reno nearby.

Of course there are nothing compared to Vegas.

But then my priority is the slopes not the tables.

Sorry for steering the conversation off topic. We now resume Wall Street slotmachine talk.

 

[SPT]

Sure do, north and south shore. Also Reno nearby.

Of course there are nothing compared to Vegas.

But then my priority is the slopes not the tables.

Sorry for steering the conversation off topic. We now resume Wall Street slotmachine talk.

No, that was a good tripadvisor talk

 

[MrFuture]

Btw, don't forget about the study that came out a few months ago by Fidelity when they looked at which accounts at their firm had the best performance. Surprise surprise, accts that belonged to either dead people, or people who forgot they had accts with them in the first place. What doe that tell us? That regadless of how sexy the concept of active trading is, time and time again we are presented with proof that set and forget is the way to go. When I was younger I refused to accept such belief, thankfully as I got "older" I finally saw the big picture and embraced the longer term view, focusing on lowering commish and cap gains as much as possible.

 

[i am nobody]

You say you are Ass. Portfolio Mgr, Trader?
Does this mean then that you lost your job? We should set and forget? So the trade will stay open till we die? What happens then when the trade goes wrong in the bigger picture? Should we kill ourselve then because dead people have better results?
It becomes confusing to me. I cannot understand the bigger picture.

 

[Turveyd]

Btw, don't forget about the study that came out a few months ago by Fidelity when they looked at which accounts at their firm had the best performance. Surprise surprise, accts that belonged to either dead people, or people who forgot they had accts with them in the first place. What doe that tell us? That regadless of how sexy the concept of active trading is, time and time again we are presented with proof that set and forget is the way to go. When I was younger I refused to accept such belief, thankfully as I got "older" I finally saw the big picture and embraced the longer term view, focusing on lowering commish and cap gains as much as possible.

It proves a few dead / forgetful people got lucky, as a lot of people die / forget it's too be expected.

A lot of other dead people also lost all of there money, those are the 1's I feel sorry for!