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douwe
Registered: Oct 2004
Posts: 42 |
02-21-05 09:48 PM
When trading I have approximately 8-10 trades a day. I write down every trade and when I close the position I make a jpg of the chart. after the market closes I will print the chart and write down Entry, initial Stop, Trailing stop etc for analysing purposes
But how do you analyse when scalping, you go in and out and I have read that some of them have more then 100 trades a day.
Do you analyse every trade, or only when you have a losing day, how do you keep track of your performance (exporting to MS Excel for example), etc. I would appreciate some feedback on this matter.
douwe
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kjkent1
Registered: Dec 2004
Posts: 2280 |
02-21-05 10:38 PM
Quote from douwe:
When trading I have approximately 8-10 trades a day. I write down every trade and when I close the position I make a jpg of the chart. after the market closes I will print the chart and write down Entry, initial Stop, Trailing stop etc for analysing purposes
But how do you analyse when scalping, you go in and out and I have read that some of them have more then 100 trades a day.
Do you analyse every trade, or only when you have a losing day, how do you keep track of your performance (exporting to MS Excel for example), etc. I would appreciate some feedback on this matter.
douwe
My experience is that if I'm trading more than 20x a day, I'm usually focused on one security and there's no time to analyze anything. It's all about momentum, finding a liquidity block, and/or making the spread. Either I guess right and win or I guess wrong and lose.
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FredBloggs
Registered: Feb 2004
Posts: 3154 |
02-21-05 10:40 PM
1/ do what works and makes sense for you
2/ what others do may not be right for you
3/ scalping tends to be based around market prints more than ta & charts.
4/ good trading & keep your discipline
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hoodooman
Registered: Jun 2003
Posts: 4431 |
02-21-05 10:42 PM
I use to have an edge where I would trade up to 200 times in a day. It was easy because I used the same strategy over and over again. No analysis was necessary. Every time that I saw the trade, I took it.
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TRADERguy
Registered: Sep 2003
Posts: 885 |
02-21-05 11:04 PM
Check and see if your trading platform has software to analyze your trades. TT's X-Trader has this feature. It can tell you things like your average time in a trade for both your winners and losers, and your average gain/loss, etc.
Cheers,
TRADERguy
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FuturesTrader71
Registered: Jul 2004
Posts: 2500 |
02-21-05 11:18 PM
For such few fills, you can just create a spreadsheet. I will try to post a recent analysis from the office tomorrow, so you can have an idea of what I look at for scalpers.
I would caution you against trying to scalp and analyze every trade at the same time. Scalping requires a flow and you can't have that if you are scrutinizing every trade rather than paying attention to the market.
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