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Scalpers make more

  • #1
  • First Post: Jun 19, 2008 8:01pm Jun 19, 2008 8:01pm
I read an article that said that scalpers make more returns then any other type of trader. What do u think? im not for or agianst but i was wondering your opionion.
  • #2
  • Jun 19, 2008 8:22pm Jun 19, 2008 8:22pm
I'd like to think so, it would be hard to explain the 'why' to Mr. Buffet, though...
  • #3
  • Jun 19, 2008 9:21pm Jun 19, 2008 9:21pm
I think it's a hot, steamy load of...


Baloney

Check out the weekly or monthly chart of EUR/USD for example. Besides, I'd hate to pay the spread 20 times/day. The cost does add up. Plus the stress and having to babysit your monitor.

Long term is the way to go!
Not all sins are created equal
  • #4
  • Jun 19, 2008 9:48pm Jun 19, 2008 9:48pm
Quoting forexguy
I read an article that said that scalpers make more returns then any other type of trader. What do u think? im not for or agianst but i was wondering your opionion.
Absofloggin'lutely! As long as they are battin' 1,000.

If you can Call Every little fluctuation in a Market, Why would you ride the bumps instead of adding to your cargo?

All you have to do is "Call Every little fluctuation in a Market"
That can't be that tough, can it?

  • #5
  • Jun 20, 2008 12:26am Jun 20, 2008 12:26am
Referring to the Germany master-scalper ? Ze "Flipper". Go here.

I wouldn't recommend scalping to someone I cared about if they where new to this market. It's like giving an arcade-game to someone and only let him play at level 10 instead of level 1.
Measure twice, cut once
  • #6
  • Jun 20, 2008 2:20am Jun 20, 2008 2:20am
There was an interview on cnbc with a successful day trader who made quite a lot of money and was featured in a book. He took over 250 trades a day on stocks.
  • #7
  • Jun 20, 2008 2:48am Jun 20, 2008 2:48am
So we can wrap this up now based on the current examples by concluding that there is no one right way, thereby avoiding a 100 pages of drivel.
All in favor say aye!
The breaking of a wave cannot explain the whole sea.
  • #8
  • Jun 20, 2008 4:15am Jun 20, 2008 4:15am
I scalp the EUR/USD and I can attest to the fact that it is not more or less profitable than other styles of day-trading.

"Trading is 10% technical and 90% psychological. That means YOU are the best trading system." Steve Rising
Visit my journal here.
  • #9
  • Jun 20, 2008 5:37am Jun 20, 2008 5:37am
I think we can all agree, "To each their own"
  • #10
  • Jun 20, 2008 6:08pm Jun 20, 2008 6:08pm
Quoting aediaz1
Germany master-scalper ? Ze "Flipper". Go here.
150,000 to 250,000 roundturn trades (for 3 markets) in 5 hours??

Mind you, correct me if I'm wrong, but as far as I know, one roundturn trade means a buy and a sell---or vice versa. So that Fritz does 16 to 28 trade a second!!

Waow! If I do that many trades for 5 minutes alone, I'll be the prime candidate for Bellevue.

Thank God for giving me a system of which I only trades 2 rt per day. Sometimes less, sometime more, but never exceed 3 rt/day.
  • #11
  • Jun 20, 2008 6:58pm Jun 20, 2008 6:58pm
I don't think I can click the mouse that fast let alone make that many trades lol
  • #12
  • Jun 21, 2008 9:13am Jun 21, 2008 9:13am
Scalping rules!

Jump-in with big-lots on 1 sec TF, take few pips and done for the day, within a hour or even minutes...
  • #13
  • Jun 21, 2008 9:18am Jun 21, 2008 9:18am
I couldn't have said it better
  • #14
  • Jun 21, 2008 9:22am Jun 21, 2008 9:22am
Quoting Craig
So we can wrap this up now based on the current examples by concluding that there is no one right way, thereby avoiding a 100 pages of drivel.
All in favor say aye!
Aye. Very smart post. Agreed. Concur. Roger. Check. Word.
  • #15
  • Edited 11:33am Jun 21, 2008 11:14am | Edited 11:33am
Why scalping is profitable:
-Even with 1% profit per trade, it is theoretically possible to turn 1000 USD into 308397 USD in 576 trades (2.5 min cycles per day)
-Typical price value change with 1:100 leverage is from 01%-40% per cycle

Just a small tip - Scalpers Helping Scalpers...
  • #16
  • Jun 21, 2008 10:37pm Jun 21, 2008 10:37pm
Quoting Zen
150,000 to 250,000 roundturn trades (for 3 markets) in 5 hours??

.

150,000 - 250,000 contracts .. he trades thousands of contracts per click and he is very real. he has an investment firm called rotter invest.
  • #17
  • Jun 22, 2008 8:01am Jun 22, 2008 8:01am
Well I believe scalpers can make a higher ROI compared to position trading. With position trading you'd need wider stops whereas with scalping, your stops would generally much nearer. So with a 5000 dollar account, one could scalp a commodity contract, FX contract or index contract and make perhaps 200-500 a day IF the person is good. That wouldnt be a bad ROI would it? Whereas with a 5000 margin, you could position trade with what, a 50 tick stop? or maybe even less depending on the contract.
  • #18
  • Jun 22, 2008 8:17am Jun 22, 2008 8:17am
Quoting JodyOng
Well I believe scalpers can make a higher ROI compared to position trading. With position trading you'd need wider stops whereas with scalping, your stops would generally much nearer. So with a 5000 dollar account, one could scalp a commodity contract, FX contract or index contract and make perhaps 200-500 a day IF the person is good. That wouldnt be a bad ROI would it? Whereas with a 5000 margin, you could position trade with what, a 50 tick stop? or maybe even less depending on the contract.
I agree, a good scalper can earn 4-10% a day with 100:1 leverage sometimes more sometimes less. I know people will come on here and say "not possible", "prove it", or "you can't keep that up" now we wait lol...
  • #19
  • Jun 22, 2008 9:42am Jun 22, 2008 9:42am
Quoting bobblong
150,000 - 250,000 contracts ..
Wow, hallo Mr. Paul R. I didn't know you join this forum as well. Thank you for clarification of your interview. Guess that reporter whom interviewed you had forgotten to type in "contracts" in his reports.

Phew, for a moment then I thought you are some kind of an alien whom could trade that fast using an advance technology from your home planet.
  • #20
  • Jun 22, 2008 11:00am Jun 22, 2008 11:00am
Quoting JodyOng
Well I believe scalpers can make a higher ROI compared to position trading. With position trading you'd need wider stops whereas with scalping, your stops would generally much nearer.
Doesn't matter how wide the stop are. What matters is what your R:R is. If you're scalping it means you are aiming for a couple of pips on each trade, meaning your spread is relatively VERY expensive, plus your SL is gonna be much more than your TP.

I'm not a scalper, but I have huge respect for those who can scalp successfully and consistently. It requires a lot of skill (and balls).
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