Small and consistant or large and rare?

Discussion in 'Strategy Development' started by NZDSPeCIALISt, May 24, 2006.

Small and consistant or large and rare?

  1. average profit/trade is less than 5% of daily range

    2 vote(s)
    12.5%
  2. 5%

    1 vote(s)
    6.3%
  3. 10%

    5 vote(s)
    31.3%
  4. 20%

    0 vote(s)
    0.0%
  5. 30%

    2 vote(s)
    12.5%
  6. 50%

    1 vote(s)
    6.3%
  7. 100%

    0 vote(s)
    0.0%
  8. 101%+

    5 vote(s)
    31.3%
  1. I realise that many take whatever the market will offer, but nevertheless what level would you say your average profits are as a fraction of the daily range on the markets that you have traded in the past 6-12 months. Disregard breakeven or close to breakeven trades in this equation.

    Choose 1 of the following.
    less than 5%, 5%, 10%, 20%, 30%, 50%, 100%, 101%+.
     
  2. Ok guys,
    It seems there are three groups here:
    The scalpers who go for 5-10 %
    The swingers who go for 100% or more
    And the in betweeners who average between these two.

    BUT, looking at preliminary votes - it seems the small and consistant mentality is ahead. People want to have multiple trades in the day to keep it interesting. Personally I am leaning towards a blend of the two approaches, the moves that I look for should go for a bit. I want to be in the market as often as I can be but to catch moves that go for 30% of Daily ATR.

    But thats just my mindset and all three methods are equally good in my opinion - as i have traded with all three mindsets in the past.

    I worshipped the scalping gods
    I made offerings to the swinging dieties
    Now I surrender to the Lotus feet of the Intraday day Swing Guru.