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

  #121 (permalink)
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alejo View Post
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

start a journal and post some screen shots of your scalping. You can even post simulated trades it you want, it doesn't matter. I'll take a look at it.

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  #122 (permalink)
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journal to check


Itchymoku View Post
start a journal and post some screen shots of your scalping. You can even post simulated trades it you want, it doesn't matter. I'll take a look at it.

hi, Itchymoku,
my journal is here
https://futures.io/elite-trading-journals/27399-alejo-s-trading-journal-10.html
thanks

alejo

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  #123 (permalink)
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could you give your opinion please



Rad4633 View Post
Im @ 15% on 2 ticks .075 for a pt but this really isnt the point I was going after

We all know on paper, scalping wouldnt win using set standards for our data ....Scalping if one is able to master it will outperform any other type of trading and win. I dont have years of experience(going on 4yrs for me) needed to say one way or the other hence question to you guys with experience.

But I do know one retail scalper that impressed me even amazed me,.....But I know many more swing or hold traders that do well too

Thanks for all the input

i was practicing in sim this strategy
the results
https://futures.io/elite-trading-journals/27399-alejo-s-trading-journal-12.html#post370453


i planning top test it live

what is your opinion about the gap sim/live about the fills?

and if you know other scalper trader , please feel free to share

thanks

alejo

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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  #124 (permalink)
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here are the result for my scalping


alejo View Post

results for 3lot strategy https://futures.io/elite-trading-journals/27399-alejo-s-trading-journal-12.html#post370453
thanks

alejo

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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  #125 (permalink)
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alejo View Post
i was practicing in sim this strategy
the results
https://futures.io/elite-trading-journals/27399-alejo-s-trading-journal-12.html#post370453


i planning top test it live

what is your opinion about the gap sim/live about the fills?

and if you know other scalper trader , please feel free to share

thanks

alejo

Ive glanced at your thread recently but I must have missed your overview of your method, If you would link me to where you described how you trade or describe it to me , After I have a idea I will give you my thoughts.

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  #126 (permalink)
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how i trade in sim


Rad4633 View Post
Ive glanced at your thread recently but I must have missed your overview of your method, If you would link me to where you described how you trade or describe it to me , After I have a idea I will give you my thoughts.

here https://futures.io/elite-trading-journals/27399-alejo-s-trading-journal-9.html#post365757 i have started to implement that i called 3lot strategy and 4 lot strategy, a new money management to try to catch the moves that use to reach to mfe+1, mfe+2 and mfe+3 and than normally appear in my trades and i use to let it back down and don t get them.

my idea was to compare:

3lot strategy
t1+1 scale out2lot
t2+2 exit

4lot strategy
t1+1scale out2lot
t2+2scale out1lot
t3+3 exit

according to my sim testing it was better the 3lot strategy, and that is i am planning to testing live as son i can

in both i applying the rule to close it quickly if it is going bad
rules
3lot strategy
daily goal +9 and stop for a day
, weekly goal +45 and stop for a week
monthly goal +180 and stop for the month

max trades per day 10(i will try to limit to 5)
max losing trades per day 5 and stop
max lossing in a row 3 and stop

max daily loss -27
max losing days in a week 3 and stop for a week
max losing days in a row 3 and stop 1 week
max DD -100 and stop 1 month

you can check the results for this 3lot strategy
since 31 oct to 20 nov
where i did not have any losing day, no have daily DD,
some key figures form the result https://futures.io/elite-trading-journals/27399-alejo-s-trading-journal-12.html#post370453
are:
profit factor 3.40
win 78%
av trade proft $15
1 std dev av trade $25.75
ratio av win/av loss=0.92
q max consecutive losing trades 4
max dd daily 0
max dd trade close $-197
losing outlier $0
winning outliers $44.47
entry effic 51%
exit effic 82%
tot efi 35.%
larger winning $44.47
larger loser -$98.55
(that was calculated wit a RT comission 2.40)
trades:136 (Tradestation consider 1 trade each target)
$per trade:$15
$per lot:$10

respect of my entry rules:

i read the order flow, finding absortion, fake orders, backticking, end of moves, or break the limits
and on the extremes of mp:
1) i fade the move
2)or maybe go with the b/o
3)or sometimes go with a continuation
i watch also differents levels (yh, yl,o,c,vwap,poc,lva,hva,pivots, and wait for the new lo or hi, and reverse, and different tf as a guidance to know where i am stand up now respect the big picture

i realize that i do not believe in the moves, then on the strongtrends, usually i got smacked, i use to put in front of the train (after some things to reverse)
but i need to learn when the train is real
also i need to learn more things, MP,
i put the main focus, on my mind, try to stay open and calm to read the mkt as it comes and
i try to remember (from trading in the zone)
i have a probabilistic edge
it does not care what happen in this trade
anything can happen

i am struggling when go live with dont be wrong, and i have fear to lose, and then pull the stops, and so on.

i am worry about this test because:
1)me
2)me
3me
...
10)the fills in live compared with sim (when is moving on my price but i am not get filled , to exit for win or for lose)
because 1 tick is all about for this strategy

i planing to trade in tradestation to get the same report as i got in sim
i am cautious because:
1)TS told me that they have the oso/oco orders in their servers, but an algo decide what order go to the exchange first
2)TS with partials fills does not execute the OSO, (then you do not get exit! crazy)
to reduce the latency i am planning to execute Tradestation Matrix on a server in France with 500mbps and a latency to chicago aprox 90ms, i access the server with terminal server console.I do not use mkt order, if the orders are on the exchange, ok, the problem is when i move the target to close it before.
But the main issue is the waiting line on the limit queu i think


also i can use to test the fills speed with OCO/OSO in the exchange: with infinity/transat, oec/s5, tt/amp with NT or XTrader, i do not what to do


thanks you very much for your help

alejo

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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  #127 (permalink)
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more detail of my work


alejo View Post

here you have the things more clear to read


https://futures.io/traders-hideout/23792-who-makes-more-money-scalpers-point-traders-13.html#post370454


thanks for your help

alejo

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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  #128 (permalink)
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I'm not saying scalping is impossible but it's got to be the hardest way to trade a small account in most cases. Most scalpers were previously good longer term traders but have increased their level of awareness on a smaller level. And that's the thing, most professional scalpers use their market awareness to trade rather than an indication type system. They'll use market structure, volume analysis, order flow, highs, lows, and fundamentals along with a whole myriad of tools. This is why I'm always weary of indicator type scalping systems.

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  #129 (permalink)
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The highest danger of scalping is ability to ruin in a very short span of time. So basicaly a bad week of wrong market behaviour could ruin scalpers career.

Trade to live. Not live to trade.
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  #130 (permalink)
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I think indicator based scalping is break even at best. It can take a long time to figure this out though.

Basically if you are scalping 3 ticks with a 3 tick stop, your win rate needs to much better than 50% sustained over time. GS and other large firms spend millions staying ahead of the curve. A discretionary scalper surely has the deck stacked well against them.

My win rate is under 40% and I'm making money. But it took me longer than I care to admit to figure this out.

In short, the holy grail is as simple and complex as letting your winners run and cutting your losers short. You need to win 3-5 times more than you lose. Otherwise your just spinning your wheels.

Sorry.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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