FORUMS BROKERS SOFTWARE
Home
 
    Forums > Main > Trading > Scalping and Analysing your trades


Reply
 
Thread Tools
Old Feb 21st, 2005, 04:48 PM   #1
douwe
 
 
Join Date: Oct 2004
Posts: 42
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
    Quote
Old Feb 21st, 2005, 05:38 PM   #2
kjkent1
 
 
Join Date: Dec 2004
Posts: 2,280
Quote:
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.
    Quote
Old Feb 21st, 2005, 05:40 PM   #3
FredBloggs
 
 
Join Date: Feb 2004
Location: 742, evergreen terrace, springfield.
Posts: 3,154
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
    Quote
Old Feb 21st, 2005, 05:42 PM   #4
hoodooman
 
 
Join Date: Jun 2003
Posts: 4,595
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.
    Quote
Old Feb 21st, 2005, 06:04 PM   #5
TRADERguy
 
 
Join Date: Sep 2003
Posts: 885
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
    Quote
Old Feb 21st, 2005, 06:18 PM   #6
FuturesTrader71
 
 
Join Date: Jul 2004
Location: Chicago, IL
Posts: 2,500
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.
    Quote
 
Reply
Thread Tools

Forum Jump



   Conduct Rules   Privacy Policy   Sitemap Copyright © 2014, Elite Trader. All rights reserved.   

WHILE YOU'RE HERE, TAKE A MINUTE TO VISIT SOME OF OUR SPONSORS:
Advantage Futures
Futures Trading & Clearing
Alpha 7 Trading Academy
Proprietary Trading Education
AMP Global Clearing
Futures and FX Trading
Bright Trading
Professional Equities Trading
CTS
Futures Trading Software
DaytradingBias.com
Professional Trading Analytics
ECHOtrade
Professional Trading Firm
eSignal
Trading Software Provider
FXCM
Forex Trading Services
Global Futures
Futures, Options & FX Trading
Interactive Brokers
Pro Gateway to World Markets
JC Trading Group
Direct Access Trading
MB Trading
Direct Access Trading
MultiCharts
Trading Software Provider
NinjaTrader
Trading Software Provider
OANDA
Currency Trading
optionshouse
Option Trading & Education
Rithmic
Futures Trade Execution Platform
SpeedTrader
Direct Access Trading
SpreadProfessor
Spread Trading Instruction
thinkorswim by TD Ameritrade
Direct Access TradingAdvertisement
TradersStudio
System Building & Backtesting
Trading Technologies
Trading Software Provider
Trend Following
Trading Systems Provider