Here's a little clearer chart of those last 2 trades. The chart was getting a little scrunched up...lol
Lost another 2 ticks... Short at 919.50...initial stop at 920.50...market went to919.00... lowered stop to 920.00...stopped out.
Well, I understand the bond markets closing shortly, so the ES will probably get even slower than it is, now. So, I think I'll call it a day. Basically, lost about $75.00 today, including commisions. 2 observations: 1. Scalpings not bad if you're a trader who doesn't like to lose over a $100 on one trade. After 4 trades, I was only out about $75 bucks. 2. If I had held on to my first trade(916.00) and put a stop at the nearest support, (913.50) I'd of had about $125.00 of initial risk. The markets around 925.00 ( $450.00) now...hmmmm. Have a great Labor Day weekend guys!
Scalping is too tough and too much work for me. Like you, I like the market to do the work for me and go for the bigger moves. It doesn't matter how much you make in a timeframe, it's consistency and drawdown that it comes down to. Get that figured out and just scale up for bigger profits. So even if 2 trades a day is half as profitable as 30 scalps, I'll take the 2 trades (+ free time) and just scale up the size.
I think if you have reached a certain size scalping will become impossible. The best aspect of scalping might be the consistency of having a profit (nearly) every day.