Emini S&P - Profitable Scalp Trading

Discussion in 'Trading' started by EminitraderDM, Oct 31, 2008.

  1. monti1a

    monti1a

    You're obviously trading with ridiculously large stops....if you're using stops at all.... That's the only way you can achieve 100% wins out of 36 trades. I guarantee your method will blow up..and I don't even have to know what you are doing. Your results are pure luck. If you don't believe me, continue your sim trading for another 2-3 months.
     
    #21     Oct 31, 2008
  2. omniscient

    omniscient Guest

    if you do a search for stuff like "scalp*" and so forth you'll find lots of similarly started threads. this is one of heavier ones. don't recall how it turned out, but there it is.

    g/l
     
    #22     Oct 31, 2008
  3. Very true. It seems to be part of the natural progression all traders need to go through. The paradox between the value of self discovery vs. reinventing the wheel.
     
    #23     Nov 1, 2008
  4. ggoyal

    ggoyal

    true.

    try it for a large period of time. atleast 4 months. if your profit target is 2-3 ticks, you trades are required to go your way almost instantly.

    what if you take a 2 point heat? how would your mind react in that situation? or 3 points? or 4? bigger than 4, i don't bother taking those trades. what is your have 3-4 such small losers in a row, your entire day or possibly days profits r wiped out. so in essence u would be taking the smallest of winners and full stop losers. i know u might be thinking go big on size with small mini targets. it won't work unless u have a systematic plan.

    but if u r serious about trading, read anekdoten's journal. it's a 1000 page journal, you give it time read every page of it and look at every chart. you will have a better chance at succeeding.
     
    #24     Nov 1, 2008
  5. EminitraderDM, can you post the executions?
     
    #25     Nov 1, 2008
  6. ggoyal

    ggoyal

    it doesnt matter whether these results r fake or real. over a long period of time, they r not sustainable. one loss or a streak of small losses will wipe out his many days of tiny gains.
     
    #26     Nov 1, 2008
  7. I can, im on my mobile at the moment but i will as soon as i get to my office.
     
    #27     Nov 1, 2008
  8. After doing some more reading and some more research, it seems that short term position trading for multiple points at a time with tight stops is more efficient and better for capital management.

    Here is a chart that i marked up from friday with some entry and exit points, along with my reasoning. How is my understanding? Am i close?

    **EDIT**Ignore the actual trades, those are scalps. Trades taken before i woke up to the fact position trading may be a better route.
     
    #28     Nov 1, 2008
  9. What is the time/tick/volume increment on your posted chart?
     
    #29     Nov 1, 2008
  10. Volume 2401
     
    #30     Nov 1, 2008