Sleeping issue with day trading, Should I continue?

padutrader said:
i do not think you understand what scalping is.

scalping is trading high probability set ups and if a trade is high probability, it means the reward is small and win rate is high-if win rate is not higher than 70% the scalper will not make money.

because of high probability you do not need a high reward to risk to make money.

so to ask for a scalping strategy that gives profit factor of two is ,to me, quite incomprehensible.

trading is mathematics. According to some
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I think I actually said the similar thing about scalping earlier post so I assume that you aren't aware of it. And you have misunderstood what I was trying to say. You can achieve high PF by having high win rate low reward, or low win rate high reward or whatever. It's a matric of dollar return on per dollar invested. If you are scalping with extremely high win rate you can still achieve PF of 2, I just couldn't achieve that by scalping only the index. I am curious if any one get close to that result with scalping though.
 
doubledoubledoublecup said:
I am curious if any one get close to that result with scalping though.
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once in a way yes, see today's trading 5 scalps

i generally think in terms of RR, not profit margin.
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p0box4 said:
Show us the same account statement in a few weeks time, one day doesn't mean anything.
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thank you for a brilliant intuitive remark

but i did say that it was once in a way so your comment shows extreme prejudice

by the way 10 years statement also does not mean anything,in the trading world.
 
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