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Who makes more money. Scalpers or Point Traders
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Who makes more money. Scalpers or Point Traders

  #111 (permalink)
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josh View Post
You have made very little in the way of actual points, as you have so far made no logical argument. Because of this, you prefer to make things about me, and what I might be surprised to learn in a few years, complete with a sarcastic smile that you include because of your discomfort in speaking your own mind with conviction in the face of disagreement. It's not about me, but your choice to make it so makes it very clear that you have nothing of value to say on the subject. So, enough has been said, and I have wasted enough time. I would be happy to discuss this if you can include some logical facts and clear details, and not make the discussion about you, me, Mike, or anyone else who you know next to nothing about, as a means to divert attention from the subject. Otherwise, our brief discussion is over.

@josh,
My points are clear and concise. Since we have switched threads, one would have to view the original thread located here to view them. It's nice that we have differing opinions. Otherwise, who would take the other side of my trades?

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  #112 (permalink)
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aligator View Post
The main question should be asked differently before arguing scalping vs position trading.

Here it is the real question:

Are you good enough to make a realistic 30-50 grands a month as a full time trader, regardless of the method? If so, would you be here arguing your trading superiority? The chances are: not. You would not have time for this.

It would be more helpful to aspiring traders if one of gurus would come here and say "Here is how I trade and here is my outstanding performance." But, then again, he would not have time for that, would he?

Cheers!

no, he wouldn't and hence, ends his comments here,

but wait,
we will double that offer, and for just 3 easy payments of $11.95, you can have twice the offer..........

since these threads are open to the world, and have no sense of privacy, validity or invalidity, one has to wonder, why any successful person, trader, business or group would bother to comment, other than to discuss an important relevant issue, or find others of the same ilk. Otherwise, these threads provide nothing more than comic relief, simple entertainment and a hefty source of revenue to the fortunate who run and support the operations of these boards...

in short, which is better is whatever you're able to achieve...

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  #113 (permalink)
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I would say the five tick moves arent' that Random... every hft market maker is trading the same order flow, it's a basic first in first out wins the cake scenario. If you as a retail trader, like me, are sitting on a laptop on rusty copper wires in Mexico, for instance, you need to think out some Ivy MBA basics....


Big Mike View Post
And the 20 tick trade is still the better choice because you are outside the random rotations of the market which are unpredictable, and you also have a much better efficiency with your trade vs costs (commissions, slippage).

Mike


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  #114 (permalink)
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Personally I think the goal should be a swing, entered on scalp logic such that worst case scenario is you take a scalp. Have been following some of the traders at Futex on twitter. They look for the swing locations but it seems they tend to average out with scalp sized profits...


aligator View Post
The main question should be asked differently before arguing scalping vs position trading.

Here it is the real question:

Are you good enough to make a realistic 30-50 grands a month as a full time trader, regardless of the method? If so, would you be here arguing your trading superiority? The chances are: not. You would not have time for this.

It would be more helpful to aspiring traders if one of gurus would come here and say "Here is how I trade and here is my outstanding performance." But, then again, he would not have time for that, would he?

Cheers!


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The following user says Thank You to syxforex for this post:
 
  #115 (permalink)
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'''MINE!!!!!!!!!!!!!!!!"""""""""


kronie View Post
no, he wouldn't and hence, ends his comments here,

but wait,
we will double that offer, and for just 3 easy payments of $11.95, you can have twice the offer..........

since these threads are open to the world, and have no sense of privacy, validity or invalidity, one has to wonder, why any successful person, trader, business or group would bother to comment, other than to discuss an important relevant issue, or find others of the same ilk. Otherwise, these threads provide nothing more than comic relief, simple entertainment and a hefty source of revenue to the fortunate who run and support the operations of these boards...

in short, which is better is whatever you're able to achieve...


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  #116 (permalink)
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djkiwi View Post
Hi, as far as retail traders go, the larger your targets and stops the higher the probability of profitability in my opinion and experience. Unfortunately few retail scalpers truly comprehend how direct overhead (slippage and commissions) will slowly bleed their accounts dry. Here is an example in this post comparing scalping with slightly larger targets.

https://futures.io/ninjatrader/23778-autotrading-slippage-compared-replay.html#post271841

Cheers
DJ

very true, as I went thru this

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  #117 (permalink)
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emini_Holy_Grail View Post
very true, as I went thru this

Glad to see you posting again EHG

Mike

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  #118 (permalink)
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spread end


TheBramble View Post
The basic premise was not stated in a way that makes a useful response that easy. The OP suggests scalping is a function of R:R Ė it is not.

When scalping you donít work with R:R. Youíre in large size, for relatively short periods of time (typically sub 1 minute) and with no to low transaction overheads. (An earlier poster on this thread alluded to the transaction skew issue.) Youíll typically be flipping trades in the hundreds per day. Algos have all but taken over this end on the wedge as the opps for manually spotting a price arb or time delta have been flattened by the algos themselves.

Previously, unless you are a pro with advantageous trading execution edge in terms of your costs, you could not hope to scalp profitably over the long term. These days, you cannot hope to scalp profitably unless youíve got a quant team modelling for you as well.

If the real question was ďWhatís more profitable Ė short duration small R:R or longer duration wider R:R?Ē then the answer is, thatís still not the question. There are only three factors which determine the relative profitability of your trading endeavours. (1) Expectancy of your system (2) number of trades taken and (3) consistent risk management (which for me means risking the same relative percentage of trading capital on every trade) Ė YMMV. Doesnít matter if your R:R is 1:1 or 10:1, itís the amount you expect to add to your bottom line from each and every trade and the number of trades executed per period of time that count.

As an attempt at answering Ops question, forget the R:R, optimise your expectancy (W:L & aW:aL) and take all the trades your system gives you.

If youíre operating at the spread end of the business (taking little more than 2 or 3 times your brokerís cut on each trade) youíll go broke sooner or later as itíll be the first long losing run (which you WILL get) thatíll be your end. On the swing end of the retail trading spectrum where youíre holding for days to months the absolute profits are comfortable, but the time-adjusted gains look a little sparse when compared with even just a reasonable intraday setup.

Itís all in the math. What am I risking per trade? How many trades will I win out of 100 placed? What will my average winning trade NET me? What will my average losing trade COST me? R:R doesnít feature.

If youíre operating at the spread end of the business (taking little more than 2 or 3 times your brokerís cut on each trade) youíll go broke sooner or later as itíll be the first long losing run (which you WILL get) thatíll be your end
could you explain me how can avoid this?wich what broker?please

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  #119 (permalink)
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latency


Rad4633 View Post
The answer is no one knows, so im going to find out for myself, I hate testing easier if someone does it for us

how can we now this parameters?

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  #120 (permalink)
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any trader to check my scalp strategy?


hi, i was wonder if any of you, scalpers, experiencies traders, could give an eyed to my strategy and let me know your thougths about them, thanks
alejo

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