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What is your experience with thetradescalper.com approach?

  #25 (permalink)

Elite Member
Dallas, TX
 
Futures Experience: Beginner
Platform: Ninjatrader
Broker/Data: Zen-Fire
Favorite Futures: ZN, 6E
 
gulabv's Avatar
 
Posts: 284 since May 2010
Thanks: 159 given, 156 received

Mr Bean (love that comedy show!),

In my experience when you scalp for 3 ticks and your risk is 6 ticks ideally you would trade more contracts to make your daily target and minimize the number of trades in a day because 1 losing trade nullifies 2 winning trades (without covering commissions). So if you start out with a winner or 2 count yourself lucky and walk away, go play golf, spend time with family, etc. Its when these type of scalp trades consistently lose that you get in trouble trying to win it all back the same day or week and get further in the hole.

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