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At what lot size/account size do you have scale issues? 39 replies

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Net/Long term effect of habitual low pips targets on account size

  • #21
  • Jul 25, 2008 5:31am Jul 25, 2008 5:31am
Quoting CTGUY
I have yet to see one person that agrees with you, but I do see several that has picked up on your inexperience and your incorrect assumptions. I see no further need to challenge those that do know how to trade. My advice is to be friendly with them and learn the forex and you may one day be a successful yourself instead of being bitter and showing resentment toward successful traders.

Jump out of your 2,250 negative pip loss and associate yourself with someone that is successful in their trading and turn your self around. Other have learned from their mistakes. But attacking successful traders on this forum will not win you any friends. As far as your statement, not knowing any long term successful traders, well, if you did, they would tell you to learn the definition of a stop loss and to never forget that your in a forex trade. Your the first person I have heard of that entered a trade and forgot you were in it for several months.
i have no sole aim of attacking anyone here, just as in the post, i was only asking a question which demanded a yes or a no, inasmuch as i who owns it has not been bothered about it, how does it matter to you ?
know thy edge and abide by it ! 4 in it shall thou be successful !
  • #22
  • Edited 6:02am Jul 25, 2008 5:38am | Edited 6:02am
Quoting robertsonakp
inasmuch as i who owns it has not been bothered about it, how does it matter to you ?
Hum... let's think about this. You wonder why it matters to me (if I am interpreting your english right), I am a scalper and an extremely successful one that read your open statement on the subject of ranting and raving scalpers that can't be successful. Does this answer your question? Don't post if you can't take the heat and proven wrong with your assumptions.

let me show you an ongong successful scalp trade here in the below attachement. If you notice, it is going up.. unlike your 2,250 negative pips that are going down and down.

You made a statement, a totally incorrect one. You didn't ask a question. When you challenge all successful scalping traders by stating they are not successful, you will receive replies back... as others have done.
Attached Image (click to enlarge)
Click to Enlarge Name: Scalp proof.png Size: 21 KB
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #23
  • Edited 5:50am Jul 25, 2008 5:39am | Edited 5:50am
how to scalp? surely with the best technology and liquidity.

if not, soon enough we will blame it all to .. everything... scalp the profit, also scalp the loss
  • #24
  • Edited 5:58am Jul 25, 2008 5:43am | Edited 5:58am
This was extremely well stated.

Quoting Go Getter
I don't believe people should rubbish a technique that they obviously have no understanding about, the posts above have confirmed that scalpers make a profit short and long term.

I personally am a scalper and a day trader, I use two separate accounts and trade both a the same time, mainly because when my day trades are on I scalp for something to do.

I might add as well that both accounts are profitable, I live off my trading and have done so for around a decade and a half.

So if you don't understand how someone dose what they do, you should ask questions about it, not rubbish what someone else dose as everyone will trade differently to suit their own personality.

cheers
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #25
  • Jul 25, 2008 6:18am Jul 25, 2008 6:18am
Quoting robertsonakp
well i have not seen any long term successful scalper(habitual) around me.
You're not looking very far.
  • #26
  • Jul 25, 2008 6:58am Jul 25, 2008 6:58am
Quoting Ronald Raygun
You're not looking very far.
i am d unique one, i hold the world on my palms, i see the nooks and crannies of the world including what evrytraders does.
know thy edge and abide by it ! 4 in it shall thou be successful !
  • #27
  • Jul 25, 2008 7:06am Jul 25, 2008 7:06am
Quoting robertsonakp
i am d unique one, i hold the world on my palms, i see the nooks and crannies of the world including what evrytraders does.
Are you sure that's the right world?

I happen to intern at an institutional bank, and I--with several traders on my floor--move billions of dollars daily, grabbing a few million in profit daily. My world is filled with traders frantically trying to hold onto their ticks/bps/pips/etc.

On our forex desk, they're pulling on average maybe 10 pips a trade. But these guys are putting in 50-60 trades a day each.

Our rates desk, these guys are fighting over 1/100th of a percentage point.

Scalpers abound--if you know where to look. I suggest you get a microscope for that earth of yours. Because you clearly don't see the traders I work with.
  • #28
  • Jul 25, 2008 8:27am Jul 25, 2008 8:27am
I heard a statement a little while back.

"how you do one thing is how you do everything"
Go Getter When Trading Its All About "WHO YOU ARE BEING"
  • #29
  • Jul 25, 2008 8:42am Jul 25, 2008 8:42am
Quoting robertsonakp
i am d unique one, i hold the world on my palms, i see the nooks and crannies of the world including what evrytraders does.
Boy boy.... grow up, or at least respect and listen the fellow trader, and maybe one day you'll learn something. Do you really feel anybody is looking for your post to put you down in a forum with 43.692 members....
  • #30
  • Jul 25, 2008 10:22am Jul 25, 2008 10:22am
Letīs assume that you are professional trader, and you have a conservative way of trading. Letīs assume it gives you 40% of return a year. Now assume that you have a scalp system where you trade an acount witch is 20 times smaller than the first one and you have a astronomous result of 400% a year. So you total return annually will be ( 1.4 + 1/20x4=1.6 or 60%).

And 2/3 of your profit came from a conservative trading.

So the question is: Is scalping 10/15 pips a way of trade by it self or it is a part of a more complex system like a way of complement conservative trade?

Is it possible to do only and only the scalp?

By the way the return above is pure my begginer imagination..lol.

Good luck to all of you.
  • #31
  • Edited 1:15pm Jul 25, 2008 12:51pm | Edited 1:15pm

Quoting adrix
Letīs assume that you are professional trader, and you have a conservative way of trading. Letīs assume it gives you 40% of return a year. Now assume that you have a scalp system where you trade an acount witch is 20 times smaller than the first one and you have a astronomous result of 400% a year. So you total return annually will be ( 1.4 + 1/20x4=1.6 or 60%).

Quoting adrix
And 2/3 of your profit came from a conservative trading.

So the question is: Is scalping 10/15 pips a way of trade by it self or it is a part of a more complex system like a way of complement conservative trade?

Is it possible to do only and only the scalp

By the way the return above is pure my begginer imagination..lol.

Good luck to all of you.
The beginners section is an excellent place to post questions. More people can view this question and give you answers.

Have a great weekend
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #32
  • Jul 26, 2008 4:19am Jul 26, 2008 4:19am
Quote
There are more opportunities to successfully scalp than there are to grab the 100 - 400 pips.

There are more opportunities in scaling, but taking advantage of them consistently is harder than grabing that 100-400 pip trade.
  • #33
  • Jul 26, 2008 2:18pm Jul 26, 2008 2:18pm
Quoting fxterrapin
There are more opportunities in scaling, but taking advantage of them consistently is harder than grabing that 100-400 pip trade.
If the writer of this article requires proof that scalping works better in the long term, just simply go to Oanda Contest and analise the winners. The vast majority ( if not all ) are the scalpers. Every month, every year, the winners are those who have perfected a scalping system, which probably took them many years to achieve, and they consistently play that system.

The proof is right there made available simply by analising other peoples success.
  • #34
  • Jul 26, 2008 2:24pm Jul 26, 2008 2:24pm
Quoting Clouds
scalpers = hyper traders
swing traders = lazy traders
heh, I don't know.
I'm a laaazzzyyy trade
Same Whore .... Different Dress
  • #35
  • Jul 26, 2008 3:02pm Jul 26, 2008 3:02pm
Quoting Two percent
If the writer of this article requires proof that scalping works better in the long term, just simply go to Oanda Contest and analise the winners. The vast majority ( if not all ) are the scalpers. Every month, every year, the winners are those who have perfected a scalping system, which probably took them many years to achieve, and they consistently play that system.

The proof is right there made available simply by analising other peoples success.
You are basing your argument on the results of a bucketshop contest???
  • #36
  • Jul 27, 2008 12:03am Jul 27, 2008 12:03am
Quoting fxterrapin
You are basing your argument on the results of a bucketshop contest???
Yes the results are there.
  • #37
  • Jul 27, 2008 7:39pm Jul 27, 2008 7:39pm
Lets take an example of why scalping is most profitable:


Trader A (and this is a real man whom many of you know on this board) averages 5%+ / month for him and his clients.

This trader using proper money management and a minimum of 2% risk per trade.

He is a swing/position trader and has a winning percentage of about 70% of all his trades.

He takes approximately 15 trades / month and it takes him 15 trades to make this profit.

He makes his 5% / month and is very successful.


Now here comes the scalper, Trader B

Trader B also has proper money management, risks max of 2% / trade, wins 70% of trades.

BUT one thing is different. Instead of making 15 trades / month he makes 120 trades / month.

So the scalper is making 8 times as many trades / month but with the same amount of profit/loss / trade.

So he also makes 5% for every 15 trades he takes, but since he takes 120 trades / month he makes 40% profit per month.

He is no different then the position trader in regards to his results per trade, but only in the amount of trades he takes.


This is simple math and all should agree. The only point of disagreement would be this...

Can a scalper do just as well PER TRADE as a position trader? Can he average the same results PER TRADE or not?

If he can, or even if he can come close, then the above figures stand solid.


This is why if one wants the trading style with the possibility of the biggest returns then he will resort to very short term trading or SCALPING.
  • #38
  • Jul 27, 2008 9:20pm Jul 27, 2008 9:20pm
Very good post. Thanks for taking the time and effort to share it with us.
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #39
  • Jul 28, 2008 8:55am Jul 28, 2008 8:55am
Quoting cesare76fx
Boy boy.... grow up, or at least respect and listen the fellow trader, and maybe one day you'll learn something. Do you really feel anybody is looking for your post to put you down in a forum with 43.692 members....

LOL
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #40
  • Last Post: Jul 28, 2008 1:02pm Jul 28, 2008 1:02pm
Quoting Pip Ventures
Can a scalper do just as well PER TRADE as a position trader? Can he average the same results PER TRADE or not?

If he can, or even if he can come close, then the above figures stand solid.


This is why if one wants the trading style with the possibility of the biggest returns then he will resort to very short term trading or SCALPING.
So over the long term those commissions won't add up?
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