Scalper got scalped with single bar reversals
sclapers GET SCALPED
- Thread starter Trading Education Buyer
- Start date
scalpers are all talk no clothes
All these scalpers got scalped .They dissapeared .It is called the Dunning Kruger effect
https://www.google.co.uk/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=scalping journal elite trader
https://www.elitetrader.com/et/threads/dunning-kruger-traders.303402/
There are many traders with delusions about their competence.Many traders start trading live accounts , when they have no proven profitable skills in their mindsets and technically.
I have read so many traders saying in the long term all those traders scalping the markets will eventually lose..Like you said risking millions of dollars for small scalp is very risky
https://www.google.co.uk/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=scalping journal elite trader
https://www.elitetrader.com/et/threads/dunning-kruger-traders.303402/
There are many traders with delusions about their competence.Many traders start trading live accounts , when they have no proven profitable skills in their mindsets and technically.
I have read so many traders saying in the long term all those traders scalping the markets will eventually lose..Like you said risking millions of dollars for small scalp is very risky
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Trading is a patience game .scalping is a scalp and scalped game
This video IMHO opinion is emotionally charged lions , at the cost of the lioness getting hurt , in the fall. Trading is a patience game .
https://www.elitetrader.com/et/threads/mindfullness-for-traders.304680/
http://traderfeed.blogspot.co.uk/2014/09/trading-and-mindfulness-training-brain.html
Think about what this means: In the heat of market activity, we are most likely to be activating those flight or fight centers that help us deal with emergencies. Just as we want to be most planned and deliberate, the blood flows in our brain are moving away from the centers that would execute plans and toward centers that would lead us to be more reactive.
The challenge is to stay mindful in the midst of fast moving markets and rapid shifts in P/L.
https://www.elitetrader.com/et/threads/patience-the-professionals-edge.304675/#post-4364857
Trade Education Buyer you are everything I hate about trading forums. Pure mental illness which should be insta banned. Trading is the wrong profession for you. Get a job.
I am applying for the forum pretenders job.I will join some of you fakes.
prop warrior is on IGNORE
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its ok to not know what you are doing it the shitting on the whole forum that annoys people.
Well, I am a scalper and I made a lot of money(close to mil).
Most scalpers don't make 100's of trades a day. They are not robots. I personally trade 1-5 trades per day. Sometimes zero.
"Trading education buyer" - the name itself sounds phony and suspicious. Obviously there's no point in arguing with an irrational person.
Most scalpers don't make 100's of trades a day. They are not robots. I personally trade 1-5 trades per day. Sometimes zero.
"Trading education buyer" - the name itself sounds phony and suspicious. Obviously there's no point in arguing with an irrational person.
I make billions of dollars every year on scalping I am on Forbes list.
http://uk.businessinsider.com/how-mohammed-islam-fooled-media-2014-12
I also suffer from personality disorders.What is your disorder?Do you have any subjective value to add to this discussion on scalping and the subject of scalping ,do you want a professional discussion?
https://www.elitetrader.com/et/threads/do-narcissists-make-good-traders.304884/
Are u a real trader?
There are no statistics on the success ratio of scalpers, there is no reason to expect that beginners will do better in scalping in comparison to their performance in these other trading styles.
A determined practitioner can create a sizable income from this practice if he is persistent and patient enough, but also takes a small risk that can be extremely costly if it is not properly protected against. What is the risk? Of course, it is that he will be run over by the approaching train of a market shock, and will lose all his profits, and his ability to make any profit in the future as well. Is this a valid negotiation, a compromise?
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Just shows the level of the skills and knowledge of these amateurs
Here’s the formula for expectancy:
Expectancy = (Probability of Win * Average Win) – (Probability of Loss * Average Loss)
As an example let’s say that a trader has a system that produces winning trades 30% of the time. That trader’s average winning trade nets 10% while losing trades lose 3%. So if he were trading $10,000 positions his expectancy would be:
(0.3 * $1,000) – (0.7 * $300) = $90
So even though that system produces losing trades 70% of the time the expectancy is still positive and thus the trader can make money over time. You can also see how you could have a system that produces winning trades the majority of the time but would have a negative expectancy if the average loss was larger than the average win:
(0.6 * $400) – (0.4 * $650) = -$20