I am not currently trading futures yet, but I have done some research on your question. Seeing as you mentioned using limit orders for entry, I will only talk about the slippage on stop orders. Do keep in mind this is just what I have read, if some one with live experience would like to point out any mistakes please feel free to. Slippage will vary depending on the amount of contracts being traded. I think it would be safe to say that the below slippage can be expected when trading 10-20 lots. And the ES probably 50 lots... ES 0 in some cases maybe 1 tick NQ 0-1 in some cases 2-3 YM 0-1 in some cases 2-4 ER 1-3 in some cases 4-6 The âin some casesâ is in low volume parts of the day or if the market is moving fast from news ect.
I myself would like to see more comments on this, but most people here look down on scalping because they cant do it themselves. If you have great commissions/fees and high probability trading scalping can be very profitable... I myself take whatever the market gives me, but with my demo trading NQ average profits are 4 to 10 ticks as usually jumps in this market are more that 2 ticks. To archive more than 2 ticks just take some of and let the rest ride putting stop at break even (the free trade)
I trade intraday and I've been doing great I am just toying around with the idea of scalping. As it is , scalping is very difficult. I 've been trading on demo but I know real time is another story Thanks a lot
...but most people here look down on scalping because they cant do it themselves. ######################## Who win ? 1.Your broker 2.Institutional speculant Scalping have pure technical natur,success depend from speed .All tool for scalping (price volume analys &) demand money from start .(200-1000$ per month) Retail operator dissadvantaged in speed against professional . Quantity of operation's reversive to quality Simple example- M.Schumacher have more as 10 consecutive first place (100%) But for all carrier he have only 36% of first place's in all race's Your respectfully Best wish,if you would have success in scalping after 1000 operations
If you have great commissions/fees and high probability trading scalping can be very profitable... ########### Multiple operator's from ET can perform 100 operations with enm7 for 3 month . With platform without charge as TA for 3.25 $ RT by 1 point risk for 3-4 point reward average from 100 operations only 30-36 would profitable . (for low volume) In average case for each win 60-80$ two loss ,each with 20$ - 100*3.25$. 33*20$ or 33*40$ -325$ = profit for one contract for 3 month/100 operations How many operations for 3 month can perform scalper with enm7 ?How many operations would profitable with best platform for scalping as x-trader pro ( 1200$ per month) Do you think ,that scalping give you more profit ? Relevant comment would appreciated .
I was not implying that one could make more money scalping then another type of trading, simply if one has a profitable system then they are simply profitable, the style/type of trading is irrelevant...
I was not implying that one could make more money scalping then another type of trading, simply if one has a profitable system then they are simply profitable, the style/type of trading is irrelevant... Can you provide relevant information for 1000 operations of scalping -How many operations are profitable ? How great is average win and how great is average loss ? About trading style of one USA champion Mark D.Cook you can read on he's site www.markdcook.com It is not scalping Another champion Martin Schwartz have bueyed place on exchange ( mass of reatail operator can not make that) ,but he's great win was related to first Iraq War ,it was alsov not scalping . Mark Minervini from Quantech alsov not scalper Which of scalper have comparable result ? Recorded by authority ( as example Larry Williams record 10000% was falsificated and he was fined from SEC) First in each human activities are motive - Who need and promouted great volume (scalping) of contract's per day ? 1. Your broker -sell platform for 1000$ per month and received multiple 1000$ commissions per month 2. CME - great volume realted for great exchange fee's Your respectfully
I bet some traders have and edge on scalping. I think it's very difficult. I've been practicing on simm but I know in real time things are different. nah!!!!!! I 'll stick to my system Scalping could be profitable but it's not for me I admit, in simm it's a lot of fun.
I myself am not a scalper, but so I can fully understand your post. You are saying that since none of the well known traders are scalpers, and since there is no known information anywhere here on ET or that I am providing that scalping cannot be successfully archived? thank you..