ES scalping,is it worth?

Discussion in 'Index Futures' started by Torge, May 18, 2004.

  1. ddog

    ddog

    Nitro, this is so true.:(
     
    #11     May 18, 2004
  2. All you need to do to increase your profitability is to increase your size. Fear not and trade large.
     
    #12     May 18, 2004
  3. Think about it this way, it's extremely rare to buy the bid/sell the ask in ES without the price ticking through to the next level.

    Hence in order to hit your target of .25, the price actually needs to move .5 in your direction. But to get stopped out at .75, the price only needs to tick down by .5.

    So if are long, and the price moves up by .5 you make .25, but if it moves down by .5 (the exact same amount), you lose .75 or three times as much. In this setup you have to be right 75% of the time to break even before commissions. Good luck!

    -bbc
     
    #13     May 18, 2004
  4. One more thing, always initiate a scalp or two right before major economic reports as this is the time when you have the best opportunity to really rack up the points.
     
    #14     May 18, 2004
  5. And make sure you trade with one of those brokers who has $1K daytrading margins so you can always maintain the maximum leverage out of your account.
     
    #15     May 18, 2004
  6. 40Deuce

    40Deuce


    just like the inexperienced 'chuckers' who bought the better than expected non-farm only to have the bids disappear 10 handles lower!
     
    #16     May 18, 2004
  7. Yes, purely bad luck and guaranteed not to be repeated again.
     
    #17     May 18, 2004
  8. 40Deuce

    40Deuce

    that's quite a guarantee . . .wait until the black swan
    lol
     
    #18     May 18, 2004
  9. Black swan is actually part of the UBER strategy of no loose trading. Just keep adding during a black swan and you are bound to not loose!!!
     
    #19     May 18, 2004
  10. Also, trade without stops - stops are for looser traders .
     
    #20     May 18, 2004