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Small 4 tick scalping


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Small 4 tick scalping

  #1 (permalink)
 tulanch 
Salt Lake City, UT
 
Experience: Intermediate
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Is anyone profitable taking 4 tick winners, considering commissions and taxes?

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  #2 (permalink)
Doob
Seattle,Washington,USA
 
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Sent you a private message.

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  #3 (permalink)
 
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 Big Mike 
Manta, Ecuador
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Doob View Post
Sent you a private message.

Why in private?

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  #4 (permalink)
Doob
Seattle,Washington,USA
 
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I was just going to help him in private - that's all. It is near the holidays - I don't want to be doing much in a forum. I saw his message - just thought I would give him some FREE help - kind of a Christmas present.

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  #5 (permalink)
 tulanch 
Salt Lake City, UT
 
Experience: Intermediate
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where's my Christmas present?

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  #6 (permalink)
Doob
Seattle,Washington,USA
 
Posts: 14 since Nov 2011
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Sent you a private message - but evidently - that is a no no. I didn't want to put my contact info in a forum - my bad.

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  #7 (permalink)
 
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 Big Mike 
Manta, Ecuador
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Doob View Post
Sent you a private message - but evidently - that is a no no. I didn't want to put my contact info in a forum - my bad.

As long as you're not a vendor, it's fine.

We encourage discussion with the remaining 150,000 members by doing it publicly.

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  #8 (permalink)
Doob
Seattle,Washington,USA
 
Posts: 14 since Nov 2011
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I was honest in my first post to him. I do have clients - but they are mainly CTA's and CPO's - along with some very high net worth traders. I am NOT looking for Retail traders - but I don't mind helping - as long as it doesn't take a lot of my time.

Many years ago - a couple of brokers from the old MFGlobal - invited me to Chicago. This is how I got involved with some big money people. And - they actually arranged it so I could go into the Pits. What I didn't know at the time - was there were rows of traders sitting above the Pits - with computers. There was a trader they came to get me - sat next to him - and his partner was in the Pits. He reminds me of a comedian named Carrot Top - had hair like that - but normal color.

Anyway - I won't bother anyone. By the way - while I don't participate in the forum very often - I do enjoy reading some of the responses from traders.

I do understand your concern.

I wish all a Merry Christmas and a Happy New Year.

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  #9 (permalink)
 
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 AnvilRob 
Smithfield, VA
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tulanch View Post
Is anyone profitable taking 4 tick winners, considering commissions and taxes?

I know someone in one of those prop programs, funded, yada yada yada.

Hes taking 1 tick profits on UB bonds doing 15 contracts at a time DOM trading.

So, yeah, there are those profitable doing less.

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  #10 (permalink)
 
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 blackgrey45 
Marco Island, FL
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I think is depends on your average loss and your win rate. If using a 4 tick stop you would likely need a 65-70% win rate to be profitable.

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