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Scalping DOW like a madman

  • Post #1
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  • First Post: Edited Dec 1, 2009 5:54pm Dec 5, 2008 3:36am | Edited Dec 1, 2009 5:54pm
  •  charlinks
  • | Joined Jul 2007 | Status: Neural Network Trainer | 389 Posts
Thoughts?
  • Post #2
  • Quote
  • Dec 5, 2008 6:10am Dec 5, 2008 6:10am
  •  charlinks
  • | Joined Jul 2007 | Status: Neural Network Trainer | 389 Posts
ok I'm doing a little better only 6 trades so far and 39 pips profit.
  • Post #3
  • Quote
  • Dec 5, 2008 8:00am Dec 5, 2008 8:00am
  •  charlinks
  • | Joined Jul 2007 | Status: Neural Network Trainer | 389 Posts
Yup it did fall
  • Post #4
  • Quote
  • Dec 6, 2008 1:35pm Dec 6, 2008 1:35pm
  •  SunTrader
  • Joined Mar 2006 | Status: Trade the reaction not the news! | 10,381 Posts
Pips are forex lingo. Futures trade in ticks.
  • Post #5
  • Quote
  • Dec 6, 2008 6:13pm Dec 6, 2008 6:13pm
  •  charlinks
  • | Joined Jul 2007 | Status: Neural Network Trainer | 389 Posts
Quoting SunTrader
Disliked
Pips are forex lingo. Futures trade in ticks.
Ignored
Thanks. I knew that, but I think it was out of habit.
(repeating to myself: "tick size, tick size, tick size!!!" hehehe)

What's more important is that the total is positive as long as I keep that right, I don't care if I call it the wrong name

Pip - "The smallest price change that a given exchange rate can make. Since most major currency pairs are priced to four decimal places, the smallest change is that of the last decimal point - for most pairs this is the equivalent of 1/100th of one percent, or one basis point."
  • Post #6
  • Quote
  • Dec 6, 2008 7:56pm Dec 6, 2008 7:56pm
  •  PipStar
  • | Joined Mar 2006 | Status: Member | 748 Posts
Quoting charlinks
Disliked
Yes, I have started scalping the DOW like a madman.
Ignored
Which broker are you using for the scalping and what is the spread and commission?
  • Post #7
  • Quote
  • Dec 7, 2008 8:58pm Dec 7, 2008 8:58pm
  •  charlinks
  • | Joined Jul 2007 | Status: Neural Network Trainer | 389 Posts
I use mb trading, you can check their commissions, there may be better ones out there but I'm ok with them. also I mostly do regular ours, they seem to have interruptions when it goes to the next day, etc. but I never hold positions overnight so that doesn't bother me.
  • Post #8
  • Quote
  • Dec 9, 2008 8:44pm Dec 9, 2008 8:44pm
  •  masterpiecefx
  • | Joined Sep 2006 | Status: momentum catcher | 213 Posts
Quoting charlinks
Disliked
I seriously need to cut back, Today I made 110 trades. That's just too much I'm paying in commissions...
Ignored
Swift Trade flashback

Actually, at that company, 50 trades per day was my average. Didn't do nearly as well as now making 1-2 trades per day from home.

Enjoy your hyper-scalping
Trax Tibidax Tibidox...
  • Post #9
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  • Last Post: Dec 10, 2008 5:22am Dec 10, 2008 5:22am
  •  charlinks
  • | Joined Jul 2007 | Status: Neural Network Trainer | 389 Posts
Yes, I'm seriously cutting back.

I run statistics and I pay special attention to average profit/trade (after commissions).

I have found that cutting back just a little increases my profit/trade almost 4 times and I don't give back nearly as much in commissions.
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