I feel this performance is in the 95 percentile or higher bracket for pure scalpers. (<7 mins for RT) What do you (goodday) and others feel ? Thanks mishwar
Was long before the 10 AM housing data. Scaled in for a total of 39c. Was ready for the market to move down (to close the open gap) AFTER THE HOUSING DATA. But from 9.45 AM, ES started to drop (sooner than my expected time frame), and I had to bail quickly and reverse. L39c for a loss of $3300.00 Then went short hoping for the gap to close. Scaled in for a total of 45c and sure enough ES started to go back up. Got chopped up again..... S45c for a loss of $1008.00 Waiting and evaluating.... until after the 10.30 news, to decide to stop trading or go back in.
DE JA VU....... Was I not here (i.e. same scenario) just a couple of days ago ??????? Except it was profitable in the end, on that day....
Yeah, I got chopped a little myself - I think a few traders did - so I used a Martingale to win it back and then some (re-entered at 1277.25, holding short to 1273.25). Any opinions about that, and have you consisdered Martingaling as a useful strategy in your trading? Best, Jimmy
Well, the news that release of Israeli soldiers is imminent, screwed up the charts and the possibility for closing the gap soon. Got chopped up for the third time, with the new shorts. Total trades for the day: 244 contracts Total net loss for the day = $3407.00 DONE FOR THE DAY.
No, but I will investigate what "martingaling" is and how it can help me when other strategies fail. Thanks for the input. Parenthetically, here is one example where technicals alone do not rule the market, no matter how much we "technicians" consider it a superior strategy.... Fundamental DO come back some time to bite us.....