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Do scalpers make money in the long run?

Quoting Davit
{quote} Since logically you have not seen everyone accounts your statement is total nonsense. I average 8-10+% a month (below my April results) Never started a system thread.... {image}

Hi May be you belong to .1% but your account shows only 36 trades would you be kind enough to post your 3 yr statement please.
Quoting mindgame
{quote} Hi May be you belong to .1% but your account shows only 36 trades would you be kind enough to post your 3 yr statement please.
I'll be honest.Been trading 3 years.1st 2 years lost 50% of my account due to being a newbie.I look at it as tuition paid to learn.Not regretting all the mistakes I made.Previously addicted sport gambler for 5years from baseball to collage hoops.
3rd year I am storming kicking ass.I only laughed at you because of your ignorance. They are thousands of forex traders making 100% +profit easily consistently.
I am up 40%+ in 4months since Jan 2014 so I already passed hedge funds threshold
Regards and change your attitude and apply yourself.
In trading, you have to be defensive and aggressive at the same time
Quoting Davit
{quote} I'll be honest.Been trading 3 years.1st 2 years lost 50% of my account due to being a newbie.I look at it as tuition paid to learn.Not regretting all the mistakes I made.Previously addicted sport gambler for 5years from baseball to collage hoops. 3rd year I am storming kicking ass.I only laughed at you because of your ignorance. They are thousands of forex traders making 100% +profit easily consistently. I am up 40%+ in 4months since Jan 2014 so I already passed hedge funds threshold Regards and change your attitude and apply yourself....

Thats what i thought.I will meet you after 3 years.I'm only talking about traders scalping 5-10 pips making money in the long run.(i insist only scalpers).I hope you read my first post.If you are a scalper i will talk to you after 3 yrs.
Quoting mindgame
{quote} Thats what i thought.I will meet you after 3 years.I'm only talking about traders scalping 5-10 pips making money in the long run.(i insist only scalpers).I hope you read my first post.If you are a scalper i will talk to you after 3 yrs.
I don't scalp.I am a swing trader.I know few professional scalpers here at FF full time traders making pretty good living.
Scalping can also be profitable.Depends on trader
In trading, you have to be defensive and aggressive at the same time
Quoting mindgame
I'm only talking about traders scalping 5-10 pips making money in the long run.(i insist only scalpers).I hope you read my first post.

Actually, dipstick...

Davit replied to this:
Quoting mindgame
Nobody makes money in these kind of forums atleast 99.99 % in this forum are fake all those thread starters dont make money in the long run.all fake trying to show big and rape them at the end.
There isn't the mention of scalpers in this post...it mentions 99.99% in this forum...that is of all traders, not traders who claim to make money on 5-10 pip scalps.

Additionally...

It is your gross negligence that allows you to believe that scalpers only make 5-10 pips per trade. I don't even consider this as the net or sum of all open trades to be scalping.


Your thread is shit...

&&

You are a moron.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
Quoting Magix
{quote} Actually, dipstick... Davit replied to this: {quote} There isn't the mention of scalpers in this post...it mentions 99.99% in this forum...that is of all traders, not traders who claim to make money on 5-10 pip scalps. Additionally... It is your gross negligence that allows you to believe that scalpers only make 5-10 pips per trade. I don't even consider this as the net or sum of all open trades to be scalping. Your thread is shit... && You are a moron.

Quote
I was wondering if the traders who are scalping for 5-10 pips really make money in the long run?
is it a myth or some kinda of short term profit they have or they really make money in the long run ?

Experts whoever are there please explain and whoever says they make money scalping if you can provide proof they would be really nice.


Mr.brilliant....stop abusing others. the quoted is my first post.Read it one more time.I was talking only about scapers who are making 5-10 pips.Others might be making 15 pips.I was'nt talking about them you fool.Get is straight in your shitty brain
Quoting Davit
{quote} I don't scalp.I am a swing trader.I know few professional scalpers here at FF full time traders making pretty good living. Scalping can also be profitable.Depends on trader

hi Davit

One of the main reasons i said that nobody makes money here is to get the statements out.Coz unless you say something like that nothing comes out, anyway thank you for sharing your results and when you say professional scalpers.How much do they scalp each time.Is it 5-10 or more or less than that and if you elaborate on their sl and tp that would be great.
Quoting mindgame
{quote} hi Davit One of the main reasons i said that nobody makes money here is to get the statements out.Coz unless you say something like that nothing comes out, anyway thank you for sharing your results and when you say professional scalpers.How much do they scalp each time.Is it 5-10 or more or less than that and if you elaborate on their sl and tp that would be great.
http://www.forexfactory.com/showthread.php?t=402253
In trading, you have to be defensive and aggressive at the same time
Quoting mindgame
I was wondering if the traders who are scalping for 5-10 pips really make money in the long run? is it a myth or some kinda of short term profit they have or they really make money in the long run ? Experts whoever are there please explain and whoever says they make money scalping if you can provide proof they would be really nice.
Here is the inspiring evidence:
http://www.forexfactory.com/showthre...90#post7400390
Accept as it is being!
Most of today's bigger players are scalpers, read about guys like Paul Rotter, Haris Broomfield, Tom Baldwin - they only look for next 3-5 ticks ahead, and do that on massive size, allso HTF guys. The market changed when it went electronicaly, the holding period became way shorter now ...
JM, you seem like a rational person so I will break it down for you.

Lets imagine dancingphil is trading 500 lot positions (which he isn't).. but if he was in some magical world then he would be holding 500x100,000 = $50mln position in currency. In the real world, when someone takes a position in the market of that size, it would very likely consume significant bids/offers, enough to drive price in the direction of your order (this isn't a guarantee but it's very likely) so the even though liquidity levels would determine the average price that you were filled at... any movement in relation to insignificant liquidity to fill at the intended price would actually make the position money (you would push price in your direction essentially) so this is not a problem when getting into the market. Liquidity is only a problem when getting out of the market.

With the above explained, the compounding example over a 6 month period is not "to infinity" because you only need 6 months to become the richest man in the world if you can generate 200% per week from $10,000 compounded. Let's make it more digestible and just do 3 months, which encompasses 12 weeks, here are the results for $10k at 200% per week:

Week 1 $30,000.00
Week 2 $90,000.00
Week 3 $270,000.00
Week 4 $810,000.00
Week 5 $2,430,000.00
Week 6 $7,290,000.00
Week 7 $21,870,000.00
Week 8 $65,610,000.00
Week 9 $196,830,000.00
Week 10 $590,490,000.00
Week 11 $1,771,470,000.00
Week 12 $5,314,410,000.00

Now of course you have the practical considerations such as average fill price, commissions etc... but do you see what I'm trying to show you here? Do not let these people fool you into thinking these pipe dreams are real because THEY ARE NOT. Forums like this are a breeding ground for these inflated returns myths which immediately distort the expectations of the readers, the reality is very different.

With regards to the $30,000 statement ..It looks like you read my post out of context with regards to the 200% on 10k... if you read the previous conversation you will see I'm talking about compounding which at a return of 200% a week would make him the richest man in the world in 6 months.

I'm worried for you JM, specifically your disparaging comments towards the end assuming that anyone who is critical is automatically unsuccessful. Scrutiny is very important in finance, just as important as it is in any other field. Do not be scared to challenge the status quo because on these forums as other people have said... 99% of the material is bullshit. The best thing you can do is get off these type of forums and approach trading & speculation as an academic pursuit to give you understanding of what is actually going on and why the markets exist... only then should you be contemplating risking your own money. The people on here and forums alike have very little to offer you apart from confirmation bias and fantasy stories.

Quoting jmflukeiii
As to the claims of DancingPhil, I cannot speak. I can vouch for another member who has commented on this thread trading big size and making big money, so there is no reason to doubt Phil. Either way, Trance you are taking everything out of context. First, Did you read that article concerning the top hedge fund? They were managing $1.8B. Trading $1.8B would require drastically more liquidity than it would take to trade a $200,000 account. Assuming Phil takes trades at 500 lots on every trade and makes 200% every week, he would be averaging 80 pips...
Extraordinary claims require extraordinary evidence
"500x100,000 = $50mln position in currency. In the real world, when someone takes a position in the market of that size, it would very likely consume significant bids/offers, enough to drive price in the direction of your order"

That's a very dangerous statement to make for many reasons. Further more, there are many trader who make good money trading the market, you know this and I know this, but whenever someone says they are successful here, without even listening to see if what they say could be true they are shot down. with 500 lots I suspect he is already pushing the limit of what he can get reliably without any issues, he says he makes a few hundred k a week, what's so unbelievable about that? he seem to have a big bankroll

Compounding is great but the bigger your positions the bigger time frame you would have to go that's a given, and that most likely doesn't fit his trading style.
And the other issue with compounding is that it work both ways, you can also compound your loses too, and his weekly withdraws seem to avoid this. I am not saying he is telling the truth or not, but I am saying it is possible and the numbers seem to add up.
Being a trader is lonely, but being a great trader is lonelier still
No, what i knew so far.
Don't blame the tools. Blame the carpenter.
Can you expand upon your scaremongering opening sentence?

The numbers are not unbelievable I agree... but the returns statements most definitely are. As for success stories being attacked, I can't comment but I'd take a guess that resentment can build on a forum full of false prophets which ultimately diminishes credulity. I personally hope everyone makes money, but I can't stand bullshitters.



Quoting saneblane
"500x100,000 = $50mln position in currency. In the real world, when someone takes a position in the market of that size, it would very likely consume significant bids/offers, enough to drive price in the direction of your order" That's a very dangerous statement to make for many reasons. Further more, there are many trader who make good money trading the market, you know this and I know this, but whenever someone says they are successful here, without even listening to see if what they say could be true they are shot down. with 500 lots I suspect...
It's dangerous because then we are left to assume that we know how much currency it takes to move the market, which currencies pairs? Majors i don't know, EURUSD that is even harder to believe, and what happens if someone about that same time sells when you buys the same lot sizes? how would the market react? banks hedge to get into positions all the time and it seems to keep the price stable for them. Also if you attack the returns, then you have to also attack the funding, the man said he fund his accounts big every week and with big funding could come big paybacks and that seems possible. Of coarse for his story to be even less convincing we would also have to assume he makes that sum every week, I on the other hand i'm assuming he is telling us more about his winning weeks than his losing ones, which I assume he does have every once in a while. And that's why most people like to withdraw because the temptation to compound and the risk of losing it all on that one losing instant is far to great.

Making a few pips a week is not something hard if you can trade. And with those kinds of positions the payback would be immense. Mind you I am also assuming that he can trade which might be my fault, but if he could even half way trade, it's possible.
Being a trader is lonely, but being a great trader is lonelier still
Lets forget about millions claimed by some junks. Scalping 10 to 18 pips a day is very easy if you are discipline. Most of this wannabe traders are after millions and end up fighting there wives after huge account blow. Here is not for joke. Learn well and make pips
FXRAT does

Been doing it years.
rat
Quoting TranceTrader
JM, you seem like a rational person so I will break it down for you. Lets imagine dancingphil is trading 500 lot positions (which he isn't).. but if he was in some magical world then he would be holding 500x100,000 = $50mln position in currency. In the real world, when someone takes a position in the market of that size, it would very likely consume significant bids/offers, enough to drive price in the direction of your order (this isn't a guarantee but it's very likely) so the even though liquidity levels would determine the average price that...
In his post he says is not compounding and taking profits every week: "The point you have made that this typical dickhead will never read is that I do NOT scale up my trades, and have not done so for more than 1 year. I trade 500 lots, I do that with my trusted brokers, and I take out my money each and every week...."
Okay so you're basically missing the part where I say likely but not guaranteed for the reasons you state. As for someone selling at the same time as you are buying.... this is how any trade takes place.

Quoting saneblane
It's dangerous because then we are left to assume that we know how much currency it takes to move the market, which currencies pairs? Majors i don't know, EURUSD that is even harder to believe, and what happens if someone about that same time sells when you buys the same lot sizes? how would the market react? banks hedge to get into positions all the time and it seems to keep the price stable for them. Also if you attack the returns, then you have to also attack the funding, the man said he fund his accounts big every week and with big funding could...
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