where to , to learn how to scalp the ES ? | Traders Hideout


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where to , to learn how to scalp the ES ?

  #8 (permalink)

salt lake utah
 
Trading Experience: Beginner
Platform: Sierra Chart
Broker/Data: CQG
Favorite Futures: ES
 
rintin2x's Avatar
 
Posts: 541 since Jun 2016
Thanks: 634 given, 532 received

Another thing to think about, please correct me if im wrong here. I did my last year tax, statement showed me way more than what I have in my account, I truely believe thats because they tax on gross, not net. So for example you trade ES, 2 tick=$25, lets just say total fee=$5, than on top of that IRS tax=$25*15%(just guessing)=$3.75, your total net=$16.25....just 65%. I can see it’s worth if you trade big and have big winning ratio, but we’re just small retails.

Now looking at the losers: 2 tick loss + fees = $30, granted not taxable, you earn $16.25 vs loss $30.

That being said, if you’re still set to just really quick scalp, trade only first and last 10 minutes, each swing for sure can give you 2 ticks easily on momentum move....that’s my secret cheat cheat sauce . Good luck.

Edit: Nie I’m even trying to change for larger target because it’s not favorable for small retail.


Last edited by rintin2x; April 16th, 2018 at 10:24 PM.
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