Scalping the markets

Discussion in 'Trading' started by Breakout, May 15, 2002.

  1. I feel there are basically three kinds of traders...scalpers,daytraders and swing traders. I think I would fall into the scalper category. When I make a trade on the e-minis I usually get out if I'm down 3 or 4 ticks or up 6 to 10. Are there any good books or websites out there that deal specifically with scalping techniques?
  2. I suggest you private message Threei who is a member here... he has written several articles on scalping and will refer you to them...
  3. Question for you,what is one tick worth in dollars for the nq and es contracts?
  4. DaveN


    The NQ trades in 1/2 points. Each point is worth $20, so a tick is $10.

    The ES trades in 1/4 points. Each point is worth $50, so a tick is worth $12.50.

  5. Thanks, very nice guy and had lots of interesting input.