Scalping seems to mean different things to different people. How would you define it, since you are evidently not enamored of it?
What do you use to determine support and resistance......old highs and lows, ie: pivot points ? Cheers
1. what was your biggest drawdown? Both in absolute terms and as a % of your account? And what did you do to recover from that? 2. What was the longest period of time where you made no money? 3. what is the average lifespan of a viable trading strategy? is there any strategy that has consistently worked for you your entire trading career? 4. did you ever consider changing professions after a big loss? 5. how much money did you make this year? if you don't want to be specific, then how about a digit range?
do you remember your biggest trade? worst trade? do you ever get into size where liquidity can be a significant concern?
I don't remember the biggest $$ trade.., but I remember an overseas arb play in mutual funds in Hong Kong once... for about 11% profit the next day... about a $500K winner at the time. I'd shy away from low liquidity markets... with mutual funds and futures it's never been an issue.
Gnome: Thanks for your time. If trading sector and index ETF's, do you employ leverage...never, some of the time, all of the time? Thanks,