Down 3K at the mo
Was down 7k
Think I be working for Mr Market for the rest of the week.
Not into cheap labor this Mr Market fellow
Happy Anzac day........
Not into cheap labor this Mr Market fellow
Happy Anzac day........
Scalping trader they an making many times transaction daily, I am ever hear certain scalping trader they can making order until one hundred times order a day, this is very active trader and might not all trader can do it
wackypete2
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NVP
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DionysusToast
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Some interesting thoughts on scalping.
The term 'scalping' has been completely adulterated. It used to be the term used for capturing the spread. Now it can mean anything, depending on who claims to be doing it.
But here's my 2C.
Scalping does not have to be high frequency. There are certain markets with huge amounts of liquidity where you can basically play the queue position. You can trade decent position sizes but your frequency will not be very high because you spend a lot of time waiting to get to the front of the queue and then many times you'll cancel the order before you get to the front of the queue.
Scalping generally does not involve taking a directional position on the market. You do not care if todays' market will close higher than yesterdays. You may be long one minute and short 2 minutes later. Only the state of the market and correlations are important. So if the DOW & NQ are moving up, you can bid the S&P500. If you get a fill on the bid you can flip out on the offer. If the DOW & NQ start moving down you could do the opposite.
Scalping generally involves getting filled on a limit order because with targets so small, the extra ticks drastically reduces your risk.
The term 'scalping' has been completely adulterated. It used to be the term used for capturing the spread. Now it can mean anything, depending on who claims to be doing it.
But here's my 2C.
Scalping does not have to be high frequency. There are certain markets with huge amounts of liquidity where you can basically play the queue position. You can trade decent position sizes but your frequency will not be very high because you spend a lot of time waiting to get to the front of the queue and then many times you'll cancel the order before you get to the front of the queue.
Scalping generally does not involve taking a directional position on the market. You do not care if todays' market will close higher than yesterdays. You may be long one minute and short 2 minutes later. Only the state of the market and correlations are important. So if the DOW & NQ are moving up, you can bid the S&P500. If you get a fill on the bid you can flip out on the offer. If the DOW & NQ start moving down you could do the opposite.
Scalping generally involves getting filled on a limit order because with targets so small, the extra ticks drastically reduces your risk.
tar
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You are assuming price time/priority matching algorithm , but markets which are more suitable for this strategy have more complicated matching algos like pro rata for example or allocation ( A) - like for Eurodollar futures - :
"Allocation
The Allocation algorithm is an enhanced pro-rata algorithm that incorporates a priority (top order) to the first incoming order that betters the market. If priority is established, the aggressor orders are first allocated to the top order until the order's quantity is exhausted.
Additionally, there is a minimum pro-rata allocation parameter of two lots. All fills are rounded down to the nearest integer and if an allocated trade quantity is less than two lots, it is rounded down to zero. Excess lots are allocated FIFO.
The Allocation algorithm follows these stages to match trades:
Assigns a top order percent allocation
Pro-rata with minimum allocation of two lots
FIFO for any residual quantity "
Good luck with that .ZN is FIFO yes but ZT which is more suitable for scalping is K ( split FIFO and pro-rata ) !
DionysusToast
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You are assuming price time/priority matching algorithm , but markets which are more suitable for this strategy have more complicated matching algos like pro rata for example or allocation ( A) - like for Eurodollar futures - :
"Allocation
The Allocation algorithm is an enhanced pro-rata algorithm that incorporates a priority (top order) to the first incoming order that betters the market. If priority is established, the aggressor orders are first allocated to the top order until the order's quantity is exhausted.
Additionally, there is a minimum pro-rata allocation parameter of two lots. All fills are rounded down to the nearest integer and if an allocated trade quantity is less than two lots, it is rounded down to zero. Excess lots are allocated FIFO.
The Allocation algorithm follows these stages to match trades:
Assigns a top order percent allocation
Pro-rata with minimum allocation of two lots
FIFO for any residual quantity "
ZN is FIFO yes but ZT which is more suitable for scalping is K ( split FIFO and pro-rata ) !
Not sure what part you have issues with specifically.
I wasn't discussing theory, I was actually talking about professional traders I actually know personally.
Which brokers provide an opportunity for true scalping for retail traders? Is it possible at all?
DionysusToast
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Which brokers provide an opportunity for true scalping for retail traders? Is it possible at all?
CME has a few incentive programs like the IIP and some brokerages do have very low fees if you trade a lot.
For someone new though, you'd probably want to start on T Bond or Ultra T Bond futures which are both $31.25 a tick. Doing that, the commissions are less of an issue.
DionysusToast
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I would disagree. DAX is fast, Crude is fast. T Bonds are quite stately. It is just a matter of technique when it comes to scalping a more volatile market.
Scalp a market with a $10 tick size and commissions will eat you up.
Scalp a market you don't know how to trade and the losses will eat you up.
Scalp when you are clueless... same deal. Which is really what you are talking about - the losses associated with scalping a large tick value instrument with a healthy trading range when you don't know what you are doing.
Which I guess brings us to another point about scalping - how to get good at it without blowing your account because a Ninja SIM account is simply not going to give you realistic fills. So SIM trading success is largely irrelevant.
On the other hand, if you use a CQG Demo account you get very realistic fills. You have no business scalping a live market until you can master it on this sort of Demo account.
If you are going to trade live because you have mastered it on a demo account, then sticking with the largest tick value tips the odds in your favour.
foroom lluzers
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Instead of scalping , scalpers gets scalped , become more patient sort your frontal lobes out.
It seems they all got scalped , scalpers get scalped.
It seems they all got scalped , scalpers get scalped.
foroom lluzers
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mitch mconal
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Don't scalp at all .period.
It's all I know how do do.