Instead of scalping, you have to go for the bigger moves. Then 3-5 points slippage will not effect your size... Or you might want to switch to the big Dow. More expensive, less contracts....
It's a matter of your trading style. personally I've had many 1k days and a few 2k days. I've never traded over 22 contracts in a single day with a max per trade of 5. So can 5k a day be done with YM, absolutely, assuming the market is trading in some kind of tradable range. If you're scalping 10 cars at a time, I think 5k+ is possible as well. There are at least 100 opps each day to pick off 3 to 10 points, again assuming some sort of tradable range. Scalping isn't my thing. Although I have done a bit more lately purely to boost daily PnL. Average per contract suffers, but who cares good luck Osorico
cannon trading......they have the simplest platform imaginable........bestonline......is commonly used throughout the industry.........very user friendly......i am no computer geek so i need simple......
the question came up yesterday about other markets, etc......news........etc...........the question about high of day was not relevant to your trade.....a plan for exiting with positive points is..........instead of trying to guess where it was going......as soon as u internalized it u biased your mind........i hpe u made money on it or paper points whichever u are doing..........entry is easier to get right than exit.......for most.........in my mind the only baad thing is losing money
Porgie, as an experienced trader you should know entry is the most important part of your trade. Exit counts more only if you are in a losing trade.
i said i am old...mabe confused also.........my system is 100% mechanical...........so entry is easier than exit..........for me.........i didn't say it wasn't very important........it is critical to be in correctly for risk/reward.......etc......and quickly and safely moving to BE.......safely referring to safe from stopout......