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Scalpers make more

  • #21
  • Jun 22, 2008 6:46pm Jun 22, 2008 6:46pm
Maybe I have misread this thread from the start. But the way I see it, why bother which style makes more money? Why not care more whether this style fits you personally or not?

Scalping maybe makes more money than positioning, but I found myself too stressed out to do it, so I prefer positioning. Even then, using daily chart for me is taking too long. In between trades, my mind wander anywhere and everywhere and I usually ended up losing. So I choose smaller time frame, limiting my trade between 5 hr to 1 day to help me more focus, giving me enough spare time but not enough to let my mind wander.

Some of you may choose scalping, and others choose different style. Fine. Let's hear it, but not argue it. Just gives us different perspective to widen our horizon. (But please, no bullshit or ilogical "fact" like the Fritz.)
  • #22
  • Jun 22, 2008 8:12pm Jun 22, 2008 8:12pm
Quoting Zen
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.

I think your blood sugar dropped too low
  • #23
  • Jun 22, 2008 8:29pm Jun 22, 2008 8:29pm
Quoting Zen
Maybe I have misread this thread from the start. But the way I see it, why bother which style makes more money? Why not care more whether this style fits you personally or not?

Scalping maybe makes more money than positioning, but I found myself too stressed out to do it, so I prefer positioning. Even then, using daily chart for me is taking too long. In between trades, my mind wander anywhere and everywhere and I usually ended up losing. So I choose smaller time frame, limiting my trade between 5 hr to 1 day to help me more focus, giving me enough spare time but not enough to let my mind wander.

Some of you may choose scalping, and others choose different style. Fine. Let's hear it, but not argue it. Just gives us different perspective to widen our horizon. (But please, no bullshit or ilogical "fact" like the Fritz.)
I agree 100%, different stroked for different folks lol. It's not necessarily the style but YOUR fit to that style and how you trade it and manage it. People can argue all day long which is more profitable; scalping, short term or long term trading etc. In the end it all comes down to how the trader handles and manages that style.
  • #24
  • Jun 22, 2008 8:30pm Jun 22, 2008 8:30pm
I tried full on scalping, day #1 made 30% YES, day 2 gave back the 30% and some more different market conditions meant what worked on day 1 failed on day 2

Still very short term here, I aim for Max pips possible, but i absolutely when in profit do not let the profit slip away even alittle. Averaging +15pips per trade recently, last few trades are suggesting I can make +25 area which is nicer.

I still use the scalping system on days where the market conditions are favourable, it's 1 of many tricks I use to milk money out of the markets.

As said, with aiming for +3 you've got to get a +6 move, 50% of your money is in the margin, if aiming for +30 then that drops to 10%.


But... the longer term your trading the more of a gamble your position is and the nearer it comes back to 50/50 especially if holding over news!!

Over a 90% win rate recently by keeping the time and the greed low, and averaging down on small moves against me rather than panicing and taking a loss, repeatly. And AVOIDING News times only playing slower chop really with the trend!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #25
  • Jun 22, 2008 8:32pm Jun 22, 2008 8:32pm
paul rotter made a fortune scalping

was he lucky.... or.... who knows....
  • #26
  • Jun 22, 2008 9:15pm Jun 22, 2008 9:15pm
Scalping can be a beautiful thing under the right market conditions like this evening. Take a look at the 15 minute on GJ or UJ. Nice and easy up and down without much volatility.
History is written by the victors.
  • #27
  • Sep 11, 2008 6:55am Sep 11, 2008 6:55am
I've tried Scalping before and got smacked almost every time. Even tried the rainbow scalping and sometimes I would be on a good run only to give it all back in the end. I Swing/Day trade but Scalping to me is a different ball game.

But I would like to master scalping one day because I personally think it is one of the most profitable styles of trading. It can also be the most dangerous way to trade if you're not careful. Maybe one day I'll master this style
  • #28
  • Sep 12, 2008 5:00pm Sep 12, 2008 5:00pm
yes scalpers make lots of mony cuse they catch most of the variatis and they lost a little mony but that soo hard for bigginer to be a scolper you should look at your self and analysi your self cuse the scolpers are not want make lots of mony in each trade and also they catch 2 up to 10 pip in each trade but they trade a lot in a sec
  • #29
  • Nov 29, 2008 7:39am Nov 29, 2008 7:39am
Intresting thread , i tried 8 pip stop at cable didnt work well , i tried 5 pips i am breakeven , what is the logical tightest stop to scalp Cable ?
  • #30
  • Nov 29, 2008 8:15am Nov 29, 2008 8:15am
Quoting tar
Intresting thread , i tried 8 pip stop at cable didnt work well , i tried 5 pips i am breakeven , what is the logical tightest stop to scalp Cable ?
Hard stop: 20 pips
Soft (mental) stop: 10 pips.
  • #31
  • Nov 29, 2008 8:28am Nov 29, 2008 8:28am
Quoting Ronald Raygun
Hard stop: 20 pips
Soft (mental) stop: 10 pips.
Good , i think 20 too much and it will ruin your R:R if u r scalping ...
  • #32
  • Last Post: Nov 29, 2008 9:03am Nov 29, 2008 9:03am
Quoting tar
Good , i think 20 too much and it will ruin your R:R if u r scalping ...
You're right, but as with most things, you need a backup. In the event of a spike, that 20 pip hard stop will get you out.
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