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Scalping US stocks
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Created: by Giorrgi Attachments:1

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Scalping US stocks

  #1 (permalink)
Trading Apprentice
Paris + France
 
Futures Experience: None
Platform: NinjaTrader
Favorite Futures: Forex
 
Posts: 8 since Aug 2015
Thanks: 0 given, 1 received

Scalping US stocks

Hey guys,

So I've been testing a scalping momentum method on US stocks with IG.com (I do this at work and IG seems to be the only platform to offer a paper trading possibility with a web browser on low time frames).

See attached picture as an example of what I try to do.


I am pretty happy with paper trading results, but how trustworthy are they?

I use market orders; from what I see, IG.com imitates what seems like a pretty big spread. For example, on the picture below, if I wanted to enter on the break of 1660 (=16.60$), the entry that I would probably get is 1665. Same with the exit. But even with this spread, I seem to be doing pretty good.

Seems to good to be true. What are some pitfalls to pay attention to?

Also, generally, is it better to use a CFD/spread betting platform like ig.com or to buy stocks directly? (I mean in terms of financial conditions). From my limited understanding CFD shouldn't obey to the "real market" order book queue, but that again seems to good to be true.

Thanks

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Scalping US stocks-snipimage.jpg  

Last edited by Giorrgi; October 24th, 2015 at 05:08 PM.
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  #2 (permalink)
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  #3 (permalink)
Trading Apprentice
Oslo, Norway
 
Futures Experience: Beginner
Platform: IB TWS
Favorite Futures: Futures
 
Posts: 11 since Oct 2015
Thanks: 1 given, 1 received



Giorrgi View Post
Hey guys,

So I've been testing a scalping momentum method on US stocks with IG.com (I do this at work and IG seems to be the only platform to offer a paper trading possibility with a web browser on low time frames).

See attached picture as an example of what I try to do.


I am pretty happy with paper trading results, but how trustworthy are they?

I use market orders; from what I see, IG.com imitates what seems like a pretty big spread. For example, on the picture below, if I wanted to enter on the break of 1660 (=16.60$), the entry that I would probably get is 1665. Same with the exit. But even with this spread, I seem to be doing pretty good.

Seems to good to be true. What are some pitfalls to pay attention to?

Also, generally, is it better to use a CFD/spread betting platform like ig.com or to buy stocks directly? (I mean in terms of financial conditions). From my limited understanding CFD shouldn't obey to the "real market" order book queue, but that again seems to good to be true.

Thanks

Every trading strategy needs to be tested. See what the edge is historically. Opinions don't count for much. Interesting system you have, but I haven't tested it.
My thinking is that for systems with lots of small winners, you gotta be careful with leverage because one move against you could wipe you out. Gotta be careful with position sizing. Maybe even hedge with options to guard against possible (but unlikely) large moves against you.

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