Captain, Yeah that's the idea. 5 grand 2 pt stops, with daytrade margin you can survive a 50% drawdown. Now with 4 pt stops, then it's 10k per contract. And when I am experimenting with Bollinger Bands it's one contract regardless.
True. I don't get how anyone that doesn't use a computer for entries and exits (and automated system that does the entering and exits w/o human intervention) or a floor trader (doing the big contract) can scalp the spoos. nitro
dang savage, you aint shy about giving a loss room to prove itself are you? A 70% hit rate would do wonders for my outlook on life. anyway, nice work if you can get it (and I can't get cause I tried.)
This is the only way I can imagine it being done to make it worthwhile on the trade for seconds level. nitro
I don't understand this table. It says O and C at the end, but each trade has a gain loss. Is the gain/loss a cumulative number then - it would seem not, as the number at the bottom suggests that you made $200 in total, but had $187.20 in comissions? nitro
oh sure, if you have patients, no problem. If the scalp doesn't work out, you just get up from the computer, go into the operating room and say "Nurse! scalpal. " "Yes Doctor, don't worry, you'll get your trading capital back just as soon as we get paid for ripping out these organs."
Just look at the first number in every line. The format is from IB and the 916 ( and the number behind) in every line is just there to confuse people (or mark to market or something ;-)) At the end 200 profit and 187.2 commis is correct.
@profitseer, i cant say something generally on BB, but for my method on trading 1min NQ/ES with the setting on 13,2 it has some value. it depends on whether you have an overall up- or downtrend. if you have a downtrend (like friday last hour) and the upper band is penetrated, its often the point of the swinghigh and a reversal take place. on the downside it penetrates the band on 3 or 4 bars (on higher volume with a close outside), then the next bar "touches" the band on the inside with his low and price reverse. just put the setting on your screen and watch from 15:30 to 15:35 and from 15:48 to 15:51. its typical. of course it takes some "experience" in recognizing + executing this in realtime , but it looks fortwhile (for me). for personal reason i can only trade the first and last hour. i need to find an method for this limitation. just my observation. of course all seems different with the setting on 20,2 IMO.
First day of month: 8:30 enter, 8:31 exit with one point profit. Well, there's my quota for the day. This trading isn't such a bad job after all. 2nd day of month: 14:23, If I can just get 3 more winning trades off before the close I will still be on track for a 20 pt month.