When you leave the table intrady scalper?

[Overnight]

5 lots. One loser last week at 6.5 points. Hard stop is submitted at 10 points upon fill price, but I will try to not take a full 10 point hit.

Generally, I try to capture some momentum, so if no follow through I'll happily take a tick or two and wait for the next trade.

Gosh, I miss those days before US Labor Day when I could actually complete trades RT.

Instead, I went long at near ATH, and did not account enough for the length of time we'd be in this correction, and blew my reserve trades.

Keep it going for the bulls LF! We're counting on you!

 

[Handle123]

5 lots. One loser last week at 6.5 points. Hard stop is submitted at 10 points upon fill price, but I will try to not take a full 10 point hit.

Generally, I try to capture some momentum, so if no follow through I'll happily take a tick or two and wait for the next trade.

I spent weekend reworking a trend signal which been using 5 points as Protective stop, couple losses in a row after I average down tough to recover in a day, it was a momentum signal which usually means for me large stops. So new signal is similar to all the counter trend signals I prefer which are going away from trend and now being able to push PS to 3.00 points.

The time you generally seem to trade you require large stops cause volatility of first fifteen minutes, perhaps you can check out grabbing 5.00pts on trade after first 3 minutes, seems to work well.

 

[Laissez Faire]

Like taking candy from a baby.

It seems to me there are some very easy scalp trades off the Open most of the time if you're nimble and know where to enter. 3 trades in fast sequence today.
+ 3,0, + 1,5 and + 0,25. The last one would have been a full winner, too, but it was more uncertain at that point so I took it off for a tick.

Done in 14 minutes today.

I'm starting to think that this should be my main method and focus moving forward.

 

[QTrader20]

Talking about a good week last week, it was one of my best weeks for a gain of 6391 pts trading NQ while minimizing my losses to 11.5 pts. This is out of 70 trades in total for the whole week with 3 losing trades.

 

[nooby_mcnoob]

Talking about a good week last week, it was one of my best weeks for a gain of 6391 pts trading NQ while minimizing my losses to 11.5 pts. This is out of 70 trades in total for the whole week with 3 losing trades.

View attachment 269248

6391 points trading NQ is at least 120K, why would you hide such beautiful numbers??

 

[Leob]

Hello guys,
I open this thread to get a feeling how intrady scalpers aproch mentally after rich some profit/target. In my trading I noticed I have issue with run nicely in the first third of they and then start losing, this is my pitbull. I very close to get be tiled in this situations.. I didn't realize this is during practice under demo.I did take my demo seriously but this amotion didn't show under demo practice.
I also noticed I lose synchronization with the market. I still hyped from the hype and the volatility of the opening when the market already cool down.
So from the comments I read here i build this plan which I executed nicely in the last 2 trading days..
I trade the first half hour in 10 seconds candels.
I take any fu...k point I can grab. Then..
Maybe I will risk something for some nice setup or even two setups this it. This is my rethem during trading day.
Thank you all.

 

[Handle123]

Hello guys,
I open this thread to get a feeling how intrady scalpers aproch mentally after rich some profit/target. In my trading I noticed I have issue with run nicely in the first third of they and then start losing, this is my pitbull. I very close to get be tiled in this situations.. I didn't realize this is during practice under demo.I did take my demo seriously but this amotion didn't show under demo practice.
I also noticed I lose synchronization with the market. I still hyped from the hype and the volatility of the opening when the market already cool down.
So from the comments I read here i build this plan which I executed nicely in the last 2 trading days..
I trade the first half hour in 10 seconds candels.
I take any fu...k point I can grab. Then..
Maybe I will risk something for some nice setup or even two setups this it. This is my rethem during trading day.
Thank you all.

Think of trading day like an funnel, as time erodes, less time to recover losses you may have, you absolutely must be able to identify changes in the market in five bars, I trade off the one minute, so if range getting smaller, means my targets have to reduce, if bars expand, targets go back to normal. Using SMA simple moving average, if sma is cutting through bars=price going sideways so don't do breakouts, buy very low of congestion and sell high.
Perhaps you have an indicator below chart that shows range of each bar, find areas you are profitable and don't trade in areas where ranges are too small or large.

I stop trading at 2:00CDT or when bars get under 5 ticks, then they expand, I resume trading. First fifteen minutes of the day is when I can 90% of the time get into a trade that might reap 10 points or more but this only happens 1-2 a week, but much of my profits are 2.00pts or less the rest of the day. 80% of my trades occur in first four hours, rest of my time is smaller profits and breakevens. I am trading a new system and once I get it down well, it gets programmed for automation. And I am averaging 40-80 trades a day. Smaller range bars creates more breakeven and more signals.
In mornings I average 4-5 ticks a trade, last 90 minutes averaging 1-1.5 ticks. If I was going to manually trade forever, I would not trade last 90 minutes, but automation doesn't get tired.

I been trading this way for decades, but so tiresome to be here for hours.

 

[trader1974]

Do you have fix profit number?
If you set your goals after 15 minutes do you continue?
Do you trade, scalp to last tick or your decision to continue is impact from you P&L number?
Do you track your P&L? intrady?
did you try not to?

-I do not have a fixed profit, it all depends on how the market moves
-If the market is strong, then ... Why not make the most of the movement?
-The most important thing is the conviction that you have that the trade will go well.
-If you feel confident in what you do, do it. If you are not sure, do nothing. Doing nothing is sometimes the best victory.
-

 

[Relentless]

3 trades today. Done after 15 minutes. 2nd trade was 1 contract only as I switched ATM strategy from 3.0 to 1.5 points and NT automatically resets to 1 contract and I didn't notice it. + 3, + 1,5 and + 1,5.

View attachment 269104

I will probably stop posting now. I just figured I could post for this week as my strategy co-incided with the thread topic and it shows what is possible with fairly modest profit targets and a fairly short session (< 1.0 hour every day and usually < 30 minutes).

I have a fairly high win rate with this strategy. Here's the entire week.

View attachment 269105

Like taking candy from a baby.

It seems to me there are some very easy scalp trades off the Open most of the time if you're nimble and know where to enter. 3 trades in fast sequence today.
+ 3,0, + 1,5 and + 0,25. The last one would have been a full winner, too, but it was more uncertain at that point so I took it off for a tick.

Done in 14 minutes today.

I'm starting to think that this should be my main method and focus moving forward.

View attachment 269242

According to @longandshort you are currently winning at a venture that is no better than 50/50.

Could it be that he is just an industry guy that is flat out wrong and doesnt know what he's talking about?

Nah. Couldn't be that.

 

[Handle123]

According to @longandshort you are currently winning at a venture that is no better than 50/50.

Could it be that he is just an industry guy that is flat out wrong and doesnt know what he's talking about?

Nah. Couldn't be that.

Jim Simmons of Renaissance Technologies made ave 66% for over 30 years, I read somewhere he was approx 50/50.