Yes, the definition of a scalp is key to discussing any benefits/costs etc of the approach.
Strictly speaking though, I'd have thought the definition was the smallest possible movement to take a profit in a ladder. I'm pretty sure that's where the term was devised for, in terms of taking the 'scalp' (skinning) a market.
Though, I agree the more general term of 'scalping' does get into more vague definitions of small movements across ladders.
scalping - no longer worth doing?
And still,the most.important thing is to know when to enter...3 prices today goes against me..cmon...i backed at top of the range...and then..boom..drifted like hell..of course..IT was a price who steamed before..
..You need to be very lucky or to be Peter Webb to win some money..
..You need to be very lucky or to be Peter Webb to win some money..-
Realrocknrolla
- Posts: 1910
- Joined: Fri Jun 05, 2020 7:15 pm
Scalping long term requires stamina. It isn’t the easiest strategy. (On a personal level)
Personally for me scalping is only used when I see the opportunity too. Save the stamina for the wife!
There are many other strategies to make money out of a single market. If that opportunity doesn’t appear, I know the next market will present one!
Most of my time when trading I am looking for opportunities/reasons to enter the market. The actual time I have money in the market isn’t comparable.
Personally for me scalping is only used when I see the opportunity too. Save the stamina for the wife!
There are many other strategies to make money out of a single market. If that opportunity doesn’t appear, I know the next market will present one!
Most of my time when trading I am looking for opportunities/reasons to enter the market. The actual time I have money in the market isn’t comparable.
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Realrocknrolla
- Posts: 1910
- Joined: Fri Jun 05, 2020 7:15 pm
I’d give up straight away trading off a mobile phone!
Disaster
Disaster
You're probably not going to have a fun time scalping at these types of ranges below crossovers like 3.0 or 2.0.
Where people usually go wrong is trying to use scalping as a generic strategy on every market, or on trending markets etc. In effect, they end up using the wrong strategy on the wrong market, so it can't exactly be a big surprise when they get wrong results as well.
Where people usually go wrong is trying to use scalping as a generic strategy on every market, or on trending markets etc. In effect, they end up using the wrong strategy on the wrong market, so it can't exactly be a big surprise when they get wrong results as well.
That’s exactly how I feel about scalping… i find it exhausting. It mentally fu*ks with me too, I feel so much more pressure going for a 1 tick scalp than I do for a swing trade.Realrocknrolla wrote: ↑Sun Oct 31, 2021 1:45 pmScalping long term requires stamina. It isn’t the easiest strategy. (On a personal level)
Personally for me scalping is only used when I see the opportunity too. Save the stamina for the wife!
There are many other strategies to make money out of a single market. If that opportunity doesn’t appear, I know the next market will present one!
Most of my time when trading I am looking for opportunities/reasons to enter the market. The actual time I have money in the market isn’t comparable.
I get so bent out of shape if I lose more than a tick, it will leave me fuming with myself… I just don’t have the personality for it.
How those guys who machine gun the market with bets which get cancelled, scratched, re - placed etc can trade all day is beyond me… I’d need a nap & a comfort blanket between trades & a psychiatrist at the end of the session.
I like this thread. Some decent advice on here.
It's definitely possible if you can manage the downside. Trading the crossover points is a decent way of doing it IMHO. I started scalping on the ladders earlier this month and was doing great until a couple of trades went against me yesterday. I was guilty of over-staking and poor exiting but it's something to work on.
It's definitely possible if you can manage the downside. Trading the crossover points is a decent way of doing it IMHO. I started scalping on the ladders earlier this month and was doing great until a couple of trades went against me yesterday. I was guilty of over-staking and poor exiting but it's something to work on.
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Realrocknrolla
- Posts: 1910
- Joined: Fri Jun 05, 2020 7:15 pm
jamesg46 wrote: ↑Sun Oct 31, 2021 2:12 pmI’d need a nap & a comfort blanket between trades & a psychiatrist at the end of the session.Realrocknrolla wrote: ↑Sun Oct 31, 2021 1:45 pmScalping long term requires stamina. It isn’t the easiest strategy. (On a personal level)
Personally for me scalping is only used when I see the opportunity too. Save the stamina for the wife!
There are many other strategies to make money out of a single market. If that opportunity doesn’t appear, I know the next market will present one!
Most of my time when trading I am looking for opportunities/reasons to enter the market. The actual time I have money in the market isn’t comparable.
Lol, because you already know that the reward of 1 tick is probably not worth the risk you're exposing yourself to in those situations.jamesg46 wrote: ↑Sun Oct 31, 2021 2:12 pmThat’s exactly how I feel about scalping… i find it exhausting. It mentally fu*ks with me too, I feel so much more pressure going for a 1 tick scalp than I do for a swing trade.Realrocknrolla wrote: ↑Sun Oct 31, 2021 1:45 pmScalping long term requires stamina. It isn’t the easiest strategy. (On a personal level)
Personally for me scalping is only used when I see the opportunity too. Save the stamina for the wife!
There are many other strategies to make money out of a single market. If that opportunity doesn’t appear, I know the next market will present one!
Most of my time when trading I am looking for opportunities/reasons to enter the market. The actual time I have money in the market isn’t comparable.
I get so bent out of shape if I lose more than a tick, it will leave me fuming with myself… I just don’t have the personality for it.
How those guys who machine gun the market with bets which get cancelled, scratched, re - placed etc can trade all day is beyond me… I’d need a nap & a comfort blanket between trades & a psychiatrist at the end of the session.
But "scalping" is supposed to be the opposite when utilized properly, the concept is to get a fast scalp which you can recycle multiple times. For this you obviously need a LIQUID market, because scalping in a dead market is more speculating than scalping.
When you see or hear people "actively scalping", that's not really scalping either, it's market making. This means putting stakes everywhere on both sides and managing the risk from there based on what gets matched, usually applied on sideways trading markets where traders feel fully in control.
It seems it is a very popular but miss understood strategy because market making is labelled a lot on socials as scalping and very often in the wrong market environment (like you pointed out to the above forum poster). Tbh I’ve even confused market making with scalping and didn’t even think about the difference until you posted this.Kai wrote: ↑Sun Oct 31, 2021 2:24 pmLol, because you already know that the reward of 1 tick is probably not worth the risk you're exposing yourself to in those situations.jamesg46 wrote: ↑Sun Oct 31, 2021 2:12 pmThat’s exactly how I feel about scalping… i find it exhausting. It mentally fu*ks with me too, I feel so much more pressure going for a 1 tick scalp than I do for a swing trade.Realrocknrolla wrote: ↑Sun Oct 31, 2021 1:45 pmScalping long term requires stamina. It isn’t the easiest strategy. (On a personal level)
Personally for me scalping is only used when I see the opportunity too. Save the stamina for the wife!
There are many other strategies to make money out of a single market. If that opportunity doesn’t appear, I know the next market will present one!
Most of my time when trading I am looking for opportunities/reasons to enter the market. The actual time I have money in the market isn’t comparable.
I get so bent out of shape if I lose more than a tick, it will leave me fuming with myself… I just don’t have the personality for it.
How those guys who machine gun the market with bets which get cancelled, scratched, re - placed etc can trade all day is beyond me… I’d need a nap & a comfort blanket between trades & a psychiatrist at the end of the session.
But "scalping" is supposed to be the opposite when utilized properly, the concept is to get a fast scalp which you can recycle multiple times. For this you obviously need a LIQUID market, because scalping in a dead market is more speculating than scalping.
When you see or hear people "actively scalping", that's not really scalping either, it's market making. This means putting stakes everywhere on both sides and managing the risk from there based on what gets matched, usually applied on sideways trading markets where traders feel fully in control.