This is what scalping looks like. 12 or 13 trades in 40 min. Here is a link to some scalping that I did today from 9:50- 10:30(german equity market close) today in the Dax . The video is 7 minutes long but it was sped up and is actually 40 minutes of trading. http://www.youtube.com/watch?v=BtJ2BZ2vCm0 The video quality and demensions are poor( I didn't realize youtube would distort the image) , I will try to fix that and post a whole day next week. The above link was all the trading I did today.
trader151, Thanks for the clip. I also scalp, Crude Oil, and when it is busy at about the same frequency as your series of trades. I heard Dax is a great trading vehicle. Someone started a thread on trading HongKong with IB. I would be interested trading these but I would like to know how OS futures trading profits would be taxed for US traders. (I started a thread with this question but nobody responded). Regards, GC
If you are a U.S. citizen they are taxed just like any other futures contracts gains or losses, i.e. they are taxed just like your crude trading profits
Someone on youtube asked what the P/L was: The answer is : If you look at the full screen video you can see whats going on enough to make out the P/L and the contacts traded. 31 contacts a side on 12 or 13 trades. P/L was $1659.00 or 1225 euros.
trader, basically you just get the 1099 form as a single P&L? Thanks for the video, quite interesting.
No, if I have time I may try to add audio to explain what I was doing and what I was looking at in other markets to make my decisions. I might do that in a video next week.
trader151, You scared the hell out of me. I'm developing a system to trade intraday futures and in your movie I saw a data feed speed that is extremely fast. I thought maybe my distance from the exchange or broker is the problem for the delay. But then I realized that you speed up the video. ffffhhhoooooooo...