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Do scalpers make money in the long run?

  • #121
  • Apr 26, 2014 4:03pm Apr 26, 2014 4:03pm
OK guys, we all figured out you love each other . Go have a beer & let it go.

Anyone have more thoughts on scalpers?

:-)
  • #122
  • Apr 26, 2014 4:16pm Apr 26, 2014 4:16pm
Quoting milam
{quote} Kanzler Nice to hear from you. I do both swing trading and scalping, swing trading like you said is ok, but slow also, much easier, scalping suits me best, but needs a lot of work, a lot of dedications, knolledge and concentration……I did not say it is the only way, I said if you want make serious money is the way, 1% average a day is doable, I know traders that can do better than that, but am not at that level yet….. my way when works well is a combination of scalping with day trading, meaning, I let partial profit run when better moves...
Same. I'll be glad for 2% a month consistently, lol. Some months I make break-even and I've had a loser once in a while. But 1% is probably a good average, I'll have to run the numbers as now I'm curious (I risk half a percent btw). Scalping is just hard for most because commissions and fees are sky high.

Quoting dkrock
Uh oh. You work with kids? Does anyone with authority know you the real person you are? You know the one that comes on FF and calls everyone liars, loses his mind, and cusses at them? And you work with kids? Dude, you better fix yourself quick!
I do not hide who I am. Shills, scammers and clueless braggarts will always find me to be a pain in their behinds. And quite frankly, this forum is FULL of them (like yourself). Other people who've messaged me, conversed with me on IRC, other forums, messenger etc. know that I am a no-nonsense but generous person who will take time to explain concepts and personal experiences. I don't know everything but I find it insulting with someone like you comes here, claims to have some superior intellect complete with a full accolade of academic phoney baloney, and can't even answer a simple question about drawdown which you have evaded to this point.


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Who are you wolf wicked and what is any of my business your business? Did you hack my computer and see my trading template? Did you hack my account and steal money from it? Have you EVER met me and discussed anything at all about trading? I certainly do not know you, so where is all this information you have about me coming from? You really need to stick your pacifier back in your mouth and mind your own business.

It takes literally no more than 10 seconds to click on your username, go to your posts, and view a complete history. It doesn't take Detective Holmes.

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You also, should stick to providing stupid comments on news articles and perhaps fashion? You talk about men's junk on a trading site, so I assume you are gay. I am not, so don't bother to ask.

Oh, look, more trash talk complete with homophobia and automatic denial. You can come out of the closet now, it's 2014 for goodness sake. I won't judge you, I promise.

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Finally, why are you so rude to the people who start these threads?

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They start them to talk about trading and developing their skills and then jerks like you come into their thread, make up stories about other members and try to demonize them.

Kind of like that insinuation that the person you were replying to is gay? See above picture.

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I will tell you what is obvious to other people. You have nothing of value to contribute.

I would advise Wolf to simply ignore this nonsense. It's not in the least bit true.

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Criticizing my method of trading because I can only make 4 times as much as you is one thing. Making personal attacks though, it shows that you are trash. Look around, well outside your neighborhood. Do you see successful people ranting and raving about other successful people? Or do you see poor broke losers talking trash about everyone and never getting ahead in life because no one likes them because they do not like anyone. You really got to lighten up Francis. Read the book Think and Grow Rich and observe all the mistakes you are making to the...

Liar.
  • #123
  • Apr 26, 2014 4:47pm Apr 26, 2014 4:47pm
[quote=Kanzler;7430004]{quote} Same. I'll be glad for 2% a month consistently, lol. Some months I make break-even and I've had a loser once in a while. But 1% is probably a good average, I'll have to run the numbers as now I'm curious (I risk half a percent btw). Scalping is just hard for most because commissions and fees are sky high.

Yes you are right, I find much harder when my commission+spread is more than 1 pip, but when entries are made rightly that pip is all part of the deal….

If you are interested (just let me know), I can send a pm suggesting reading, one book in particular it is very hard to read, because is written by a trader ( not by a trader that makes money on writing) and needs to be read a few times, then you need to shape in what makes more sense to you, this will be a time of seriours learning and it may take quite some time….. In brief it is all about classic TA applied to the 5m TF.

ta
Wherever you go, there you are.
  • #124
  • Apr 26, 2014 4:54pm Apr 26, 2014 4:54pm
Quoting milam
Quoting Kanzler
{quote} Same. I'll be glad for 2% a month consistently, lol. Some months I make break-even and I've had a loser once in a while. But 1% is probably a good average, I'll have to run the numbers as now I'm curious (I risk half a percent btw). Scalping is just hard for most because commissions and fees are sky high. Yes you are right, I find much harder when my commission+spread is more than 1 pip, but when entries are made rightly that pip is all part of the deal…. If you are interested (just let me know), I can send a pm suggesting
...
I appreciate the offer, but if by classic TA you mean indicators and cup and handle patterns, I have to decline. I actually have some decent entries. Identifying the right time to exit has been my problem since I've been a little spoiled with the massive winners (40x+ R/R) I got lucky with last fall. I've been keeping good track of the zones I've sold and bought on, and how far they went in terms of trade risk from my entry before finally hitting stop loss (for example, if my risk was 2 pips, and it went 4 pips after hitting entry before turning around to knock me out, the multiplier is 2x. F is an outright failure). It's denoted by the multiplier tag in the mt4 objects list. I guess some of these could have been considered "scalps" but I've only been watching the M30+ on EU for a few months.

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  • #125
  • Apr 26, 2014 4:59pm Apr 26, 2014 4:59pm
Quoting Kanzler
{quote}{quote} I appreciate the offer, but if by classic TA you mean indicators and cup and handle patterns, I have to decline. I actually have some decent entries. Identifying the right time to exit has been my problem since I've been a little spoiled with the massive winners (40x+ R/R) I got lucky with last fall. I've been keeping good track of the zones I've sold and bought on, and how far they went in terms of trade risk from my entry before finally hitting stop loss (for example, if my risk was 2 pips, and it went 4 pips...
As you wish…..

Need to move on now…..

Chat with you around…. ta
Wherever you go, there you are.
  • #126
  • Apr 26, 2014 8:49pm Apr 26, 2014 8:49pm
Quoting dkrock
Uh oh. You work with kids? Does anyone with authority know you the real person you are? You know the one that comes on FF and calls everyone liars, loses his mind, and cusses at them? And you work with kids? Dude, you better fix yourself quick! Who are you wolf wicked and what is any of my business your business? Did you hack my computer and see my trading template? Did you hack my account and steal money from it? Have you EVER met me and discussed anything at all about trading? I certainly do not know you, so where is all this information you have...
See this was OK.. A theatrical losing of the cool, followed by an emotionally charged kinda "Omg oh why oh why do I even bother omg" kinda thing... but still it's lacking something .. I'll get back to you..

Oh I just noticed you went commercial too.. Phill would NEVER go "official" commercial.. Rookie Mistake..
Howlin' at the Moon on the Roof
  • #127
  • Apr 26, 2014 9:20pm Apr 26, 2014 9:20pm
wow. sure sounds like this particular thread is laden with some of the most over leveraged traders I might have ever seen....

Neo from India has it spot on - swing traders can make money, scalpers can make money, but if you're not managing risk and money, you won't regardless of how many indicators you draw.
"Holy Grail" exists - accepting where is the first step.
  • #128
  • Apr 26, 2014 11:49pm Apr 26, 2014 11:49pm
Quoting Kanzler
{quote} Same. I'll be glad for 2% a month consistently, lol. Some months I make break-even and I've had a loser once in a while. But 1% is probably a good average
Hi Kanzler
You have lot of experience and knowledge but making 2% monthly 1% average is not good.It seems between your knowledge and experience you should be 5-15% range monthly
Something is missing...Not critising but seems you should be making lot more.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #129
  • Apr 27, 2014 12:00am Apr 27, 2014 12:00am
Quoting mindgame
{quote} Wow.If what you are saying is true then i will only follow you from today.200% profit per week.so roughly speaking you will be sitting next to warren buffet in the next few months.
Mindgame, I never thought you were such an ignorant person. In few months time, Warren Buffet will be sitting next to him ............. if he is not Warren Buffet himself.
The Thief of Wall Street
  • #130
  • Apr 27, 2014 12:03am Apr 27, 2014 12:03am
any ea for scalping
  • #131
  • Apr 27, 2014 12:04am Apr 27, 2014 12:04am
Quoting Davit
{quote} Hi Kanzler You have lot of experience and knowledge but making 2% monthly 1% average is not good.It seems between your knowledge and experience you should be 5-15% range monthly Something is missing...Not critising but seems you should be making lot more. Regards
I've only been watching EU for a while now, I haven't had time to give good analysis to other pairs. The lowest time frame I watch for identifying ideal trade times is the M30 as well, so that contributes. Also as mentioned I risk half a percent and wait for ideal setups. It's mostly about building a record of consistency, I don't have the kind of real money you need to grow a good sized account yet in my early 20s, hence "part time". I'll tell it how it is instead of rushing to a get rich quick scheme to show off how many hundreds of percent I'm making per day.
  • #132
  • Apr 27, 2014 12:16am Apr 27, 2014 12:16am
Quoting Davit
{quote} Hi Kanzler You have lot of experience and knowledge but making 2% monthly 1% average is not good.It seems between your knowledge and experience you should be 5-15% range monthly Something is missing...Not critising but seems you should be making lot more. Regards
How you people make money in forex? Don't mind 1, 2, 5, 10 or 50% monthly. Anything will be good for me.
The Thief of Wall Street
  • #133
  • Apr 27, 2014 12:36am Apr 27, 2014 12:36am
Quoting Chicky
{quote} How you people make money in forex? Don't mind 1, 2, 5, 10 or 50% monthly. Anything will be good for me.
It does matter to me.
I have full timer job making 57k a year.Decent but with mortgage kids its peanuts.
If I devote my time say 6hrs every day and make less then $8 a hour minimum wage then its pointless.That is if I am making less than burger king then I should not be trading period.My time is valuable.
Making 1% say 5k account is $50 a month devoting say 30-40hrs its about 1.50hr.
Its worthless waste of time.I can make more money being a waiter in restaurant if my goal was 1-2% a month.
% does matter to me to make it worthwhile.If I had 500k account making 2% a month then that is different story.Most of us here don't have accounts like that so we must try harder.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #134
  • Apr 27, 2014 12:39am Apr 27, 2014 12:39am
Quoting Chicky
{quote} How you people make money in forex? Don't mind 1, 2, 5, 10 or 50% monthly. Anything will be good for me.
Chicky

I want send you a pdf, not sure how to do it.
Wherever you go, there you are.
  • #135
  • Apr 27, 2014 12:42am Apr 27, 2014 12:42am
Quoting Davit
{quote} It does matter to me. I have full timer job making 57k a year.Decent but with mortgage kids its peanuts. If I devote my time say 6hrs every day and make less then $8 a hour minimum wage then its pointless.That is if I am making less than burger king then I should not be trading period.My time is valuable. Making 1% say 5k account is $50 a month devoting say 30-40hrs its about 1.50hr. Its worthless waste of time.I can make more money being a waiter in restaurant if my goal was 1-2% a month. % does matter to me to make it worthwhile. Regards...

Pm sent
Wherever you go, there you are.
  • #136
  • Apr 27, 2014 12:44am Apr 27, 2014 12:44am
Quoting Kanzler
{quote} I've only been watching EU for a while now, I haven't had time to give good analysis to other pairs. The lowest time frame I watch for identifying ideal trade times is the M30 as well, so that contributes. Also as mentioned I risk half a percent and wait for ideal setups. It's mostly about building a record of consistency, I don't have the kind of real money you need to grow a good sized account yet in my early 20s, hence "part time". I'll tell it how it is instead of rushing to a get rich quick scheme to show off how many hundreds of percent...
I was under impression you were lot older which goes to show you got already lot of things working for you.
All the best.
In trading, you have to be defensive and aggressive at the same time
  • #137
  • Apr 27, 2014 12:45am Apr 27, 2014 12:45am
Quoting chicky
{quote} mindgame, i never thought you were such an ignorant person. In few months time, warren buffet will be sitting next to him ............. If he is not warren buffet himself.

chicky.i was being sarcastic.
  • #138
  • Apr 27, 2014 12:57am Apr 27, 2014 12:57am
Quoting Davit
{quote} I was under impression you were lot older which goes to show you got already lot of things working for you. All the best.
It's my beard, isn't it? Thanks mate, same for you.
  • #139
  • Apr 27, 2014 3:53am Apr 27, 2014 3:53am
Quoting Davit
{quote} Making 1% say 5k account is $50 a month devoting say 30-40hrs its about 1.50hr...
1% a month is low... but to consider trading like a job where the money you have to make need to make sense per hour, is not the best psychological approach. Then if that pressure doesn't affect you, fine.
A trader should treat a 500$ balance like a 500k$ balance, otherwise, the day that it gets to 500k$ it will be panic and big kadaboom.
ANd regardless of the returns in $, with today brokers you can manage risk even with a small capital.
1% a month is already better then what a bank gives you in return on your savings.
I would be more concerned about the risk involved, than the work per hour one invest.
If you can make 1% steady, and your DD is low, it's easy to lift that 1% up.
  • #140
  • Apr 27, 2014 5:00am Apr 27, 2014 5:00am
In Danmark we have a radioshow Called the millionaireclub. It is 3 traders who starts with 250000dkr each every year starting 1 january. 2 of Them only trades stocks without leverage, and they make around 150K dkr. The last trader is Tom hougaard. He scalps the forexmarket and most of the time the Dax30 index with huge leverage. Last year he went from 250K to 3,7 mill dkr . This year is even better, he is now on 4.7 mill. Dkr from his starting Equity at 250K in this years first 4 months.

So yes it is duable , one just have to have desire and persistence to be a good trader.

As he Said him self, he has paid his dues as a newbie..
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