I had no problem waiting for a few days for profits to materialize, but I think this scalping could be a more profitable strategy for me long-term. What I bring to the table that many traders cannot is a large bank account. That way, I can make a small relative percentage of my account and still have it make a difference in my daily life. I would even consider going down from 1 point to 0.25 points.
Do you want me to waste my time telling me why your post makes no sense to my situation? It must be ME that made $3500 today.
With all due respect, you come here for advice, and all you do with what other posters is giving you is exactly the contrary..... I suspect that you don't want advice but recognition and respect from what you have achieved so far. If it's the case, then good job and keep going what you do and the way you do. Long life to all profitable traders.
Just because I make a post means I have to agree with every stranger that responds? Especially when it's clear from many posts that they don't even understand what I'm saying.
I agree that we can disagree. Besides, I've never said that I was successful. And if I would be, I'd have no motivation to prove it. I come here mainly for entertainment, not to boost my ego.
You realize the trades I'm doing have like a 99% success rate? The trade-off being the very small % return per trade. I'll do one right now for 0.25 point gain.
Oh no I got greedy and it cost me. I opened 5 contracts at average of 3767.70, but I saw the market was in the midst of a major downturn so I set TP at 3765. It came within 0.25 points of hitting it a couple times, but it's currently at 3769.50. I would have already won $62.50 if I stuck to my strategy. Oh well I still think I'll win. It's only been a few minutes. If I hit my TP, that's $675.
Lol I was in the middle of "chickening out" and moving my TP to 3766 because it had went up to 3774. But before I could edit my TP, it hit 3765 for a $675 profit.