Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
I have an ES scalping strategy for a 4 tick profit. I suppose you could exit on 3 ticks if you want to.
I wrote an indicator for this also. It's written for Trade Station. If you're using trade station I would be happy to share it with you.
Can you help answer these questions from other members on NexusFi?
I'm going to go ahead and say that the fact that you're trading 50 contracts at a clip and you've done everything possible to minimize your trading costs means that you're less likely to lose your equity than others. But, I have to agree with Mike . . . You should probably stop what you're doing.
You talk about scaling back on vague terms like "if it's still not going well in a week". You need to have a quantifiable approach to position sizing. If it's not going well (your equity curve is declining) then you should be reducing the number of contracts you trade according to an objective mathematical formula. Not on gut instinct, or when you feel like it. This doesn't mean you have to trade quantitatively - I'm just talking about position size.
If your strategy depends upon volatility then find some way to measure it, and don't trade when markets are quiet.
In a self-promotion/vendor type of way, especially considering you did not notify us of your vendor status as required and as you were told when signing up.
It's a while since I signed up, but I wasn't aware that I'd failed to declare anything during the signup process. If I have, then it's accidental - please do feel free to edit my profile to correct this. I'm not here to sell or promote any product, but to share what experience I have and to learn from others.
If you feel my participation in the site won't be beneficial then just let me know and I'll stop posting.