When you leave the table intrady scalper?

[Handle123]

I liked it better when big S&P's was $500 a point, $25 a tick, swinging a ten lot, didn't need to work at it like now. LoL, make half point a day then and be done.

Wasn't easy to make it back then either, but there was good volume and not competing with faster internet or computers.

 

[Laissez Faire]

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.

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.

 

[Handle123]

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

You have an outstanding results.

 

[Bad_Badness]

Nice Work LF. I will stop posting now too and get back to work. Today I am done way later and did 9 points in 18 trades, but the LWM (-13 points) was way off kilter, so all in all a BAD day. System is reset for next week after making adjustment. Have a good weekend all.

 

[Laissez Faire]

You have an outstanding results.

Thank you.

The goal is to eventually scale up contracts and not profit targets, so we'll see how that goes.

I keep in mind that guy I talked to who simply targeted 1 point per day on 30 contracts. It's a different way of approaching the markets.

 

[FortuneTeller]

Thank you.

The goal is to eventually scale up contracts and not profit targets, so we'll see how that goes.

I keep in mind that guy I talked to who simply targeted 1 point per day on 30 contracts. It's a different way of approaching the markets.

I doubt if that trader you talk about is still just going for one point with 30 contracts. The range with ES is so huge now days compared to many years ago.

 

[IronFist]

I briefly talked to a trader who would simply target 1 points on ES with 30-50 contracts and call it a day. He had < 5 losing days per year and made a good living doing this over a long time period.

What @tiddlywinks is describing is top level expert play where you're trying to maximize what the market offers on a daily basis. If, you're that good, by all means, take what you can.

For less skilled and new players I think there's some merit to the daily profit target. It's always nice to meet a goal and it could be a building block for the next step. Often, it's wise to learn to crawl before considering running...

What is his stop?

 

[Handle123]

Thank you.

The goal is to eventually scale up contracts and not profit targets, so we'll see how that goes.

I keep in mind that guy I talked to who simply targeted 1 point per day on 30 contracts. It's a different way of approaching the markets.

You trade 3 lots and using 11pt stops ?

I have come upon traders here that were consistent at 2pt, 1pt, 1 tick and quit for the day, I often wonder if they had day jobs and only had so much time.

I ran backtest on what I did last week with 11pt stops, would have given lower losing percentages. Lol

 

[Laissez Faire]

I doubt if that trader you talk about is still just going for one point with 30 contracts. The range with ES is so huge now days compared to many years ago.

I've been thinking about that too, but it's possible he still does go for one point. It's only a few years ago and the ranges were still quite good then. I think the key with his method was that he had settled on a conservative daily profit target that he felt he could achieve on a daily basis. In his own words, he said, "I know I'm leaving a lot on the table...".

What is his stop?

I don't know.

 

[Laissez Faire]

You trade 3 lots and using 11pt stops ?

I have come upon traders here that were consistent at 2pt, 1pt, 1 tick and quit for the day, I often wonder if they had day jobs and only had so much time.

I ran backtest on what I did last week with 11pt stops, would have given lower losing percentages. Lol

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.