Well as we all know it's practically impossible to predict whether the day is going to trend or chop. If you are scalping, that should impact you much less than what swing traders would experience. One day is no big deal. If you can maintain a string of winning weeks, you're way ahead of the game.
I hope that the scalpers realize that a FTT for futures (0.02% on notional value) will kill them. At index 3400 (ES and MES) you will pay for a RT: 3400* 0.02%*5*2= $6.8 or 1.36 points. Better pray that Kamala can not impose that tax or the scalpers are toast. @sstheo makes average $2.79 per contract. With a FTT he has to pay per contract $6.8. So loss per contract is $4.01. He will have to triple almost his average profit to make any money.
Do you think any corporatist American politician beholden to the donor elite class is going to do any such thing? Biden has out raised Trump $5 to $1 from Wall Street. The only time you will ever hear about a transaction tax is once every four years when it is trotted out like holiday ornament. FTT is not coming to be anymore than section 1256 is going away.
Why is posting this dangerous? I learned to be prepared. Forward looking. I apply the saying "Don't break your head on what the market will do, break your head on what you will do in recation to the market." in everything I do.
I never said the tax will be applied. I just want to draw attention to it, so that scalpers keep it in mind. I live in Europe and overhere they speak already about such a tax about a decade, but it was never realized.