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Can I just say that scalping is learning to trade and also that it is seriously considered trading?
Scalping is the most professional and economic way to trade, traders such as yourselves buy the product, it goes up in value over a while and falling some places but overall trending up as predicted, you sell. excellent, however..
During that time the scalper bought - sold - bought - sold - bought, and then along with yourself finally sold all along till the top, so the scalper racked up a fair bit more on the P&L than the typical technical trader as he is watching live supply and demand on a ladder in the moment, not a technical support pattern that takes at least half a day to generate and make a singular directional decision on.
Not only did he do this, but half of those times he didn't even have to give up the bid-ask spread, covering his commissions and increasing his already superior bottom line.
If the market hit a technical support level a chartist would buy, but the scalper can see market orders about to break the bid down to the lower level so he sells (BEFORE the breakout) and probably gets filled by the chartists' buy market order. Quite ironic seeing as though it's for fools. Also thanks for filling the scalper at limit and covering his commission. now this is getting humorous.
1 tick to you guys is a quick buck so I understand, here's why..
1 tick to you is not the same as one tick to me, for me it is not a quick buck, it's big money. you see, I use leverage to get my money, not predicting into the vast future and time/distance, as yourselves practice.
It's much easier to predict the next 2 minutes over the next 2 days, so why not do it now and use leverage, let the money work for you and keep the speculative part to a bare minimum.
Thanks for the advice though, there is parts of it that I can/will utilise, hopefully ruffled some feathers in this coop lol.
Have fun in your fantasy world. You're obviously not here for discourse. Let us know how your Ninjatrader scalping bot does against the most well funded HFT firms in the world.
You are 100% correct in what you say about scalping. There is one tiny problem. You are not Citadel Trading running on a co-located server costing $50,000 a month for the floor space. Also you have not mentioned where you got your physics PhD from that taught you how to write code analysing vast amounts of data.
Please do get realistic before you lose your trading account. You don't tug on Superman's cape, you don't spit into the wind, and you don't out scalp Citadel.
This tends not to work unless you are hitting 80%. It could work in ZN because you'll almost never get more than 1 tick of slippage. However, then you're risking -3 so...
The math works out a lot better if you're getting 3-6 ticks off risking 2-3. Even then you need a win rate over 45%.
risk 2 for 4 might work. 1 for 2, not likely. Price gotta trade through most of the time for you to get filled at target, while it only have to touch for you to stop out. At 1-2 I just don't see it.
You are going to blow up your account unless you are in the 1% . you need 80% WR just to break even after costs . When that inevitable fat tail slippage comes you will realise that , Suggest you look at probability curves/matrix and explore expectancy thoroughly . Clearly you know better , obviously you came here looking for confirmation bias , you just dont realise it . You got reality and that clearly doesnt suit your narrative so you dismiss the advice/opinion given as NO IDEA .... good luck for you are going to need it .
PS Decent chance the only winner here will be your broker and he will hope you survive for as long as possible
3 weeks ago looked at Sim and now know more than most ... This has to be a Parody surely ... lmao
Here's some probability then, the more people who jump on the bandwagon and say I can't do this, the better it's going to feel when I return in a few months with some brokerage statements. xD