Ask yourself why it is that scalping is so attractive to beginners? All beginners lack understanding, with experience most move away to different trading styles, if they have any capital left. If you are happy to let the market keep the baulk of the ...

Mathematical reasons why MOST DayTraders & scalpers fail?

I'm well aware of the scalper's style, that's why I'm questioning it. Especially when dealing with FX, you haven't explained why you intentionally go for small pips. As you said, some of your trades could easily have turned into loses, sounds like ...

Mathematical reasons why MOST DayTraders & scalpers fail?

A little disappointed? I'd be alarmed! 52 trades and a net 48 pips???!! So you averaged less than a pip per trade! Why intentionally chase so few crumps from a market that has a lot more to give? The scalper's approach to FX seems floored to me.

Mathematical reasons why MOST DayTraders & scalpers fail?

I was refering to demo account log posted on a previous post, if trading ES, emini SP500, $6k in the account wouldn't be sufficient margin to cover the 9 contract per trade demonstrated, I forget what IB requirements are exactly, but $6k would cover ...

Mathematical reasons why MOST DayTraders & scalpers fail?

With IB you'd need more than 6k to trade the 9 contracts as in displayed in demo account example.

Mathematical reasons why MOST DayTraders & scalpers fail?

I see my profit goals differently, never in % On emini Russell all I want is 2 points per day or more, 20 ticks. Two points is only $200 on one contract. Oh dear! At 10 points per week, one contract, that's $1000. Oh dear! But say you gradually ...

5% per day is achievable

If we are loners it's because we didn't think much about the crowds we were with. Few people bother to wonder if things might be alot better, so they stick with the crowd, those of us who thought we were selling ourselves short, now find ourselves a ...

Trading is for loners:)

Stock market has upward bias currently, ever since the first week end of Iraqi Fleecing, but 2001 and 2002 were very easy years to short, the market made bigger moves off the edge. Maybe we will enter such conditions soon. I use candles for both ...

Forex as a system... Who benefits? What internal rules exist in FX?