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  • #1,171,981
  • Jun 8, 2020 12:08pm Jun 8, 2020 12:08pm
Quoting here2there
{quote} That's nice for today, but at the end of the year you see the real story (if they are willing to tell you the truth).
just ask boulder to see her stats. and not the fake ones that don't show drawdown.
  • #1,171,982
  • Jun 8, 2020 12:08pm Jun 8, 2020 12:08pm
EUR and USD are both weak. But today is Monday so usually Monday's and Friday's are very unpredictable. I am still holding my buy position on EURUSD. I believe it will go more up. Possibly tomorrow.
  • #1,171,983
  • Jun 8, 2020 12:11pm Jun 8, 2020 12:11pm
Quoting fx2022
{quote} just ask boulder to see her stats. and not the fake ones that don't show drawdown.
There are always exceptions.

But I don't care about stats. I want to see the strategy, and how much effort goes into it to make it work.
Learn from your mistakes and march on.
  • #1,171,984
  • Jun 8, 2020 12:15pm Jun 8, 2020 12:15pm
scalping is lucrative...couldn't see it being much worth the time for anything less than a lot in order size

required discipline just like any other trading style/system...

I think a decent scalper could have easily scalped 100+ pips today it was range bound in 127X - 131X tested that top twice and bottom once...about to test that top again and maybe that bottom again before the US close today...if one of those levels don't break....
LOCK IN RE-ENTER
  • #1,171,985
  • Jun 8, 2020 12:17pm Jun 8, 2020 12:17pm
Quoting here2there
{quote} That's a nice chapter for today, but at the end of the year you see the end of the story (if they are willing to tell you the truth).
mhmm. I trust him. Scalping is not easy but remember... no everyday is a 1 way trend.
truth or not if you keep learning, eventually you’ll master the art of it. It matters what kind of trader are you. For me, I am a trend trader as well as news.... my brother is scalper and trend trader. He did told me today is scalp day and tmr... previously someone earlier today also say we are going “side ways, consolidation”
Trade what you see, take what the market gives you.
  • #1,171,986
  • Jun 8, 2020 12:23pm Jun 8, 2020 12:23pm
Quoting here2there
{quote} It's not about the pips you make in a moment but the total profit you have gained for the year. Do you think Warren Buffet cares about what's happening on a 5 minute chart?
A good scalper will use bigger lot size and make twice as much profit than us swing traders do
I'm enjoying the wins because I was once terrified by loses
  • #1,171,987
  • Jun 8, 2020 12:26pm Jun 8, 2020 12:26pm
Quoting Erto
{quote} A good scalper will use bigger lot size and make twice as much profit than us swing traders do
Not true. It depends how much money each trader has, and how much they are risking, the size of the lots and so on. I trade on higher time frames and use higher lots and it pays off really good. Sometimes I'll do a trade on a 5 min tf chart, but only sometimes. Also using a bigger lot. I don't think we can compare the two as to who makes more or what. It depends on the trader, and the amount of money they have invested.
  • #1,171,988
  • Jun 8, 2020 12:34pm Jun 8, 2020 12:34pm
Quoting Techanalyst
{quote} Not true. It depends how much money each trader has, and how much they are risking, the size of the lots and so on. I trade on higher time frames and use higher lots and it pays off really good. Sometimes I'll do a trade on a 5 min tf chart, but only sometimes. Also using a bigger lot. I don't think we can compare the two as to who makes more or what. It depends on the trader, and the amount of money they have invested.
Lol if I were a scalper I will but the biggest possible lot size
I'm enjoying the wins because I was once terrified by loses
  • #1,171,989
  • Edited 1:14pm Jun 8, 2020 12:56pm | Edited 1:14pm
Quoting Erto
{quote} A good scalper will use bigger lot size and make twice as much profit than us swing traders do
scalpers have potential to make more than a swing trader easily! Cant say who uses bigger order sizes that relative....you give them both a lot to make money with the scalper should make more!

Edit: cant say scalper will use bigger lot sizes traders can use what they want....and swing trader can invest same amount as a day trader.

This may explain it better.....

Think of price as a elevator at a 10 floor hotel....it goes up and down all day stopping a different floor....say each floor is one pip!

A swing trader gets on the ground level....hopes to go to the 9th floor to get 10 pips ( not worrying about the elevator stopping at different floors on the way up he just wants to get to the 10th floor)....he swings that trade and hopes to ride it down to the ground floor; again ignoring minor stops along the way and get another 10 pips at the ground level.....

A scalper gets on the ground level...rides up to the 5 floor (4pips) back down to the 2nd floor (2pips) back up to the 7 floor (5pips) and so on.....

scalpers could and should make more...if you give a scalper and swing trader one lot of eurousd to invest and same time period to bring earning back the scalper should bring back more!



EDit: that's considering price moves as always...ups and downs and not straight line!
LOCK IN RE-ENTER
  • #1,171,990
  • Jun 8, 2020 1:00pm Jun 8, 2020 1:00pm
Quoting here2there
{quote} Market Makers love scalp traders.
I agree. I also remember I said it earlier, that trading one pair you won't make a lot of money. I was wrong, not sure why I said that. It is very possible to make money just trading for example EURUSD, especially the way we trade on a higher time frame. When it is going up you add buy positions, when down, add sell positions, when sideways, either trade another currency or, move down on 4 hour TF or 1 Hr TF and trade there. I find that when the market is sideways, trading on 1 hr TF, you can catch good moves too.
  • #1,171,991
  • Jun 8, 2020 1:14pm Jun 8, 2020 1:14pm
Quoting Erto
{quote} A good scalper will use bigger lot size and make twice as much profit than us swing traders do
correct
example: on 1000eur balance i enter 1 lot take arrpund 5p+ and out,NO SL
1:500leverage
  • #1,171,992
  • Jun 8, 2020 1:50pm Jun 8, 2020 1:50pm
Quoting mistaouting
{quote} scalpers have potential to make more than a swing trader easily! Cant say who uses bigger order sizes that relative....you give them both a lot to make money with the scalper should make more! Edit: cant say scalper will use bigger lot sizes traders can use what they want....and swing trader can invest same amount as a day trader. This may explain it better..... Think of price as a elevator at a 10 floor hotel....it goes up and down all day stopping a different floor....say each floor is one pip! A swing trader gets on the ground level....hopes...
Absolutely not. Scalper in a day will win and lose a lot. He may have more wins, but he will have losses. So at the end of day, if it's regular lots instead of bigger lots, not a big profit. With long term traders, if the market does not go the way you analyse it, you can close the trade and get on with the market. While that happens, you add more and more positions. It works great. For scalper, it is always in and out and so on. Win and lose or break even. I don't see why would you want to scalp and have that stress on yourself. I like to day trade on 5 min tf, one position only, wait for a right time enter and exit in an hour or so. You can make good money like that too. But everyone has their own style of trading.
  • #1,171,993
  • Jun 8, 2020 1:59pm Jun 8, 2020 1:59pm
Quoting here2there
{quote} It's not about the pips you make in a moment but the total profit you have gained for the year. Do you think Warren Buffet cares about what's happening on a 5 minute chart?
do you think warren buffet is like us trading day to day?? He is a long term trader.. he trade years to years... so bringing him in is a bad comparison.
let me give explain it to you this way.

January —> december runs 3000pip... he just throws in 1000lot and make 2000pip for the year catching the trend...

but people like us doesnt have his kind of money... we have to build our own portfolio and within a years range of 3000pip, the market fluctuate up and down on average of 20000pip... this is just an example. Is when we talking about scalping vs day to day trend. You don’t say “what matters is at the end if the year.”

scalping and day to day matters by the end of the week. Because weekly, it moves different and we are in and out through the day or several days.
Trade what you see, take what the market gives you.
  • #1,171,994
  • Jun 8, 2020 2:08pm Jun 8, 2020 2:08pm
Quoting VuLe
{quote} do you think warren buffet is like us trading day to day?? He is a long term trader.. he trade years to years... so bringing him in is a bad comparison. let me give explain it to you this way. January —> december runs 3000pip... he just throws in 1000lot and make 2000pip for the year catching the trend... but people like us doesnt have his kind of money... we have to build our own portfolio and within a years range of 3000pip, the market fluctuate up and down on average of 20000pip... this is just an example. Is when we talking about scalping...
It's not a bad comparison. How much money did he start with?

And the point I am trying to make is you are on a losing path. You already said you are a horrible scalp trader. So why are you doing it? It's like you are flushing money down the toilet.

I am simply trying to point out to you that you can get better results on higher time frames without all the stress that comes with scalp trading. But hey, feel free to do what you want. It's your money.
Learn from your mistakes and march on.
  • #1,171,995
  • Jun 8, 2020 2:21pm Jun 8, 2020 2:21pm
Quoting Techanalyst
{quote} Absolutely not. Scalper in a day will win and lose a lot. He may have more wins, but he will have losses. So at the end of day, if it's regular lots instead of bigger lots, not a big profit. With long term traders, if the market does not go the way you analyse it, you can close the trade and get on with the market. While that happens, you add more and more positions. It works great. For scalper, it is always in and out and so on. Win and lose or break even. I don't see why would you want to scalp and have that stress on yourself. I like...
All things constant you give a day trader and swing trader each 1 standard lot ( mini lot micro lot, whichever) of eurude and they both win 100% ( if they both win 80%, 70% and so on it only gets worse for the swing trader until its gets to 0% then they both in the same boat) of there trades for a week....the scalper/day trader will earn more....

Also I consider a swing trader as someone who holds positions over night and for days until daily trend changes....I consider a scalper/day trader as someone who opens and closes positions within a day

I can't say because some people have a hard time scalping that scalpers or scalping is hard...position, swing, and day traders all loose trades....but the example above is a simple fact

edit: you can change the scenario to fit your point by same something like day traders loose more trades....they also make more trades......or that you add to your position a day trader can also....BUT if you make things the same for both traders again you take the worlds best day trader (never looses) and worlds best swing trader (never looses) give them the same amount of money to invest the swing trader will earn more unless the market start moving in straight lines literally…then even still the scalper would then earn the same amount of money as the swing trader!
LOCK IN RE-ENTER
  • #1,171,996
  • Jun 8, 2020 2:28pm Jun 8, 2020 2:28pm
Quoting here2there
{quote} It's not a bad comparison. How much money did he start with? And the point I am trying to make is you are on a losing path. You already said you are a horrible scalp trader. So why are you doing it? It's like you are flushing money down the toilet. I am simply trying to point out to you that you can get better results on higher time frames without all the stress that comes with scalp trading. But hey, feel free to do what you want. It's your money.
1. I am a horrible scalper, that is why I am out. For +2/3pip here and there but not worth the risk.
2. Who knew coming into a monday that it’ll be scalping day? We dont know until it happens. Thats why I said I am out. Not here to scalp.
I don’t understand you..
you clearly said “its not about the pip you make in the moment. It is what matters at the end of the year.” What is your point....

Clearly every pip counts... it adds up. The pip you make every moment add up to what you make at the end of the year. Do you trade long term??? I been hearing you talking about crash eu 2 weeks ago till now. . Perhaps you trade in a long term. If that is the case. The discussion ends here because we clearly are 2 different trader.
Trade what you see, take what the market gives you.
  • #1,171,997
  • Jun 8, 2020 2:28pm Jun 8, 2020 2:28pm
Quoting here2there
{quote} It's not a bad comparison. How much money did he start with? And the point I am trying to make is you are on a losing path. You already said you are a horrible scalp trader. So why are you doing it? It's like you are flushing money down the toilet. I am simply trying to point out to you that you can get better results on higher time frames without all the stress that comes with scalp trading. But hey, feel free to do what you want. It's your money.
swing trading is less work (IMO) and less stressful lol...but not as lucrative
LOCK IN RE-ENTER
  • #1,171,998
  • Jun 8, 2020 2:32pm Jun 8, 2020 2:32pm
Quoting mistaouting
{quote} swing trading is less work (IMO) and less stressful lol...but not as lucrative
Swing trading is very lucrative
Master your mind. Master Trading.
  • #1,171,999
  • Jun 8, 2020 2:34pm Jun 8, 2020 2:34pm
Quoting VuLe
{quote} 1. I am a horrible scalper, that is why I am out. For +2/3pip here and there but not worth the risk. 2. Who knew coming into a monday that it’ll be scalping day? We dont know until it happens. Thats why I said I am out. Not here to scalp. I don’t understand you.. you clearly said “its not about the pip you make in the moment. It is what matters at the end of the year.” What is your point.... Clearly every pip counts... it adds up. The pip you make every moment add up to what you make at the end of the year. Do you trade long term??? I been...
when market is ranging trade m5

see the pips moved per wave
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  • #1,172,000
  • Jun 8, 2020 2:34pm Jun 8, 2020 2:34pm
Quoting princeali115
{quote} Swing trading is very lucrative
And I mean this is coming from people who know how to swing trade. It can be quite lucrative indeed my friend
Master your mind. Master Trading.
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