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Scalping in paper trade mode TO EASY?! I need the opinion of an established trader.
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Scalping in paper trade mode TO EASY?! I need the opinion of an established trader.

  #21 (permalink)
Membership Temporarily Revoked
Chattanooga, TN/USA
 
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timefreedom View Post
Looks good but... remember it's $17.36 when you win a tick with 2 contracts and it's $32.64 when you lose a tick with 2 contracts. With a $12.50 per tick product and scalping for a tick, commissions are substantial. Good luck.

Yes! That was my first concern. From the books and the forums, I always see that most say to shoot for a 1/3 risk reward ratio. I've been risking 2 to make 1, then adding commissions I was concerned that this would make it difficult.

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  #22 (permalink)
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Thanks for eveyones input. This is outstanding. It would be great for someone to start a thread, to see the money this forum has that people have made here. Before and after kind of thing.

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  #23 (permalink)
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donovanshane View Post
Thanks for eveyones input. This is outstanding. It would be great for someone to start a thread, to see the money this forum has that people have made here. Before and after kind of thing.

You'll probably never see such a thread, since most people lose. And really, if someone says they made $X, would you actually believe them? As Abraham Lincoln once said "The problem with internet quotes is that you can't always depend on their accuracy."

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  #24 (permalink)
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kevinkdog View Post
You'll probably never see such a thread, since most people lose. And really, if someone says they made $X, would you actually believe them? As Abraham Lincoln once said "The problem with internet quotes is that you can't always depend on their accuracy."

Love it.

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  #25 (permalink)
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you can set NT to show commisions on your p&L. try this for a few days and see if it changes your results.

congrats on finding something that works for you!

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  #26 (permalink)
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kevinkdog View Post
You'll probably never see such a thread, since most people lose. And really, if someone says they made $X, would you actually believe them? As Abraham Lincoln once said "The problem with internet quotes is that you can't always depend on their accuracy."

Oh my gosh...I am so plagiarizing that.

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  #27 (permalink)
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donovanshane View Post
Oh my gosh...I am so plagiarizing that.

it is pretty accurate!

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  #28 (permalink)
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lrfsdad View Post
you can set NT to show commisions on your p&L. try this for a few days and see if it changes your results.

congrats on finding something that works for you!

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Let me make sure I'm clear...I have no dilusions of making $1k per day on a $5K account as a new trader. I know Ninja has a great emulator with an algorithm. But I think its tuff to emulate just were your limit order would be in the queue. I know some of my orders wouldn't get filled, and others I'd have to take a small loss on (because of no fill). I just want to make sure my stratgy is on the right track. I am worried about the HFT's and there "tricks". I know Ninja can't emulate that for sure. If I could start out with $100-$200 per day to build I'd be extatic.

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  #29 (permalink)
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Another thing. I watched a video with Linda Bradford Raschke. She said she rarely uses limit orders. Mostly Market. I was shocked by this. Can you use market orders to scalp 1 tick? I know she doesn't scalp but still , I figured she would use limit.

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  #30 (permalink)
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donovanshane View Post
Let me make sure I'm clear...I have no dilusions of making $1k per day on a $5K account as a new trader. I know Ninja has a great emulator with an algorithm. But I think its tuff to emulate just were your limit order would be in the queue. I know some of my orders wouldn't get filled, and others I'd have to take a small loss on (because of no fill). I just want to make sure my stratgy is on the right track. I am worried about the HFT's and there "tricks". I know Ninja can't emulate that for sure. If I could start out with $100-$200 per day to build I'd be extatic.


Honestly, I would say you have about a 5% chance of actually making money doing what you are doing. No one I know can scalp successfully for any period of time, and I know some fantastic traders. Most traders who I know make money have a longer term view (usually days to weeks).

You are not the first person to be tantalized by sim success, and I think it is great that you are questioning it.

Maybe the best thing for you is to try a real money test. Just use 1 contract. It might cost you a couple hundred bucks, but that may be cheaper than spending a lot more time on a method that may only work in sim.

If you have any questions please send me a Private Message or use the futures.io "Ask Me Anything" thread
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