Among the people here who are engaged in scalping markets, however you choose to define scalping, I'm curious to know if you can effectively scalp more than a single market. Of course, trading over a longer time frame allows you to follow and trade multiple markets, but I just get the feeling that trying to scalp more than a single market is akin to trying to ride two horses at the same time with one ass. Thoughts?
for me it means 1 second to 1 minute trade duration. i choose to focus and master 1 market only. if i want to make more money i trade more contracts not more markets.
For Me, develop patterns that work on nearly all markets, automate and build size, trade 24 hours a day. Risk to reward is often negative, so have to seldom have losses.
I scalp NQ and ES. Working on building up my stamina because I'm exhausted after 2 1/2 hours. The concentration required is extreme.
I have a mentor who has been a scalper for 20 or so years. Some of the 'definition' of a scalper is more a mindset. For example, this guy says he never thinks of (or trades) risk to reward. He only trades "sure things". Risk to reward is not real to him. If he is not 100% sure he can make 4 ticks on the ES... he doesn't take the trade. He adds that "of course sometimes I'm wrong - I miss something or just make a fat finger mistake". He says that everybody he personally knew that began trading when he did who traded with the concept of risk to reward eventually quit trading. I think they started going for more points/bigger rewards to cover risk? And this guy just kept making a few points a day and increasing size - that kind of thing. Slow and steady. Less trades, not more. At least that is the way this guy works.