Scalping - Momentum, Reinforcement and Speed
Euler,
Thanks for that graph.
Im interested to know what caused the draw downs from trade 22 to 58? It looks to be a smoother uptrend before that and after. Was that your expected draw down? (I understand that can be difficult to answer as the sample is small)
Also, was your target 1 tick? And the same for your stoploss? Did you use £10 stakes at every price? And lastly what was the biggest loss, (in % terms or tick size) would you have risked?
I ask these question to further understand what you define as scalping?
regards
herbie
Thanks for that graph.
Im interested to know what caused the draw downs from trade 22 to 58? It looks to be a smoother uptrend before that and after. Was that your expected draw down? (I understand that can be difficult to answer as the sample is small)
Also, was your target 1 tick? And the same for your stoploss? Did you use £10 stakes at every price? And lastly what was the biggest loss, (in % terms or tick size) would you have risked?
I ask these question to further understand what you define as scalping?
regards
herbie
I think that's an interesting point. You DO need patience, concentration, the ability to be fully competitive every time you fire up a market, mental stamina and all the rest of it!Zenyatta wrote:Good Peter, good. Yes, scalping is definitely possible, but I just wouldn't have the patience for that. You have such a low return on turn-over, it only takes a couple of very minor mistakes or silly decisions to wipe out the profit and you're back to square one again. Not my cup of tea.
But trading is a competitive business and that's what you'd expect to have to have to get anything out of it, arguably with ANY style of manual trading, not just scalping.
Indeed it has.Euler wrote:I think where this thread has gone off at a tangent...
In answer to your question, I would say there are two trades that the "scalpers" do. One of which should not be "scalped".
If the market moves due to new information then TRADE that information, don't scalp it for a tick or two. Stick with it until the market has fully absorbed the new information. Buy and hold until the momentum is fully out of the move.
The other trade is "scalping" and is performed when price moves are false and the faster, better equiped "scalpers" are scalping the slower, poorly equiped, clueless "scalpers". Such market moves are self-fulfilling prophecies as the faster scalpers get in first and are then followed a tick or two later by the less able.
The faster scalpers can then feed off the slower scalpers for a tick or two of profit. The slower scalpers either get nothing or get burned when the value traders move in to revert the price back to where it was.
So, if you are struggling with "scalping" then you are either at a technological or intellectual disadvantage and should try a different kind of trading.
To those who enjoy posting videos about their successes, why not post a video of where you made a complete arse of yourself and teach the less able scalpers what you did wrong. I know you need an ego boost but you would get a bigger one from showing those who wish to scalp how NOT to do it.
And finally, a special message for the Ozzie egit who is making a very lame attempt at DDOS-ing my blog. Thanks for the 20K+ hits per day on my website. Other readers are not having any problems reading my pages but my pay per impression advertising is doing nicely. Thanks!
-
maycontainnuts
- Posts: 90
- Joined: Wed Oct 10, 2012 5:58 pm
Jaybee, had a good look at your site but can't see any videos?
I don't scalp. I design bots which have no GUI so nothing for you to see there.maycontainnuts wrote:Jaybee, had a good look at your site but can't see any videos?
I am pointing out that interminable videos of successful scalps and no unsuccessful scalps is a big warning sign for beginner scalpers. They say to me all the time, "Why the good scalps and never the bad ones? What are they hiding?"
Of course, scalping can be done but you would think that it was a 100% successful operation with the number of "good scalp" videos.
I know this forum exists to get people to use BetAngel but there is more than one way to skin the exchanges and beginners need to be aware of it.
Large yawn.mugsgame wrote:Another clueless guesser joins the forum
Okay children, I'll leave your little clique be.
But I will continue to warn newcomers to sports exchanges that owning 3rd party software and watching a few scalping videos is not a shortcut to riches.
Honestly, it's like dealing with the school bully and his friends. Talk about closed minds!
-
maycontainnuts
- Posts: 90
- Joined: Wed Oct 10, 2012 5:58 pm
Couldn't make it up!JayBee wrote:I don't scalp.
JayBee -
Genuine question; I'm not trying to score points:
How do you reconcile your views about scalping with the evidence of scalping's effectiveness that Euler posted today?
Do you think that he may have fluked a 45 degree equity curve over something like 80 trades?
Jeff
Genuine question; I'm not trying to score points:
How do you reconcile your views about scalping with the evidence of scalping's effectiveness that Euler posted today?
Do you think that he may have fluked a 45 degree equity curve over something like 80 trades?
Jeff
-
maycontainnuts
- Posts: 90
- Joined: Wed Oct 10, 2012 5:58 pm
If you read the forum properly Jaybee you will see there is a lot of interesting and varied debate on different styles, methods, mistakes newbies make etc. etc.
It's a nice forum and the reality of trading is well presented here.
If you would have come in and said, scalping is tricky and there are many different ways to trade, nobody would have disagreed with you. But you didn't, so you have to expect some of that to come back on you.
It's a nice forum and the reality of trading is well presented here.
If you would have come in and said, scalping is tricky and there are many different ways to trade, nobody would have disagreed with you. But you didn't, so you have to expect some of that to come back on you.
herbie wrote:Thanks for that graph.......
The ups and downs are just to be expected, you get good and bad runs but you just have to keep pursuing the same methodology throughout. It all evens out.
One tick target on the upside and try to keep losses to a minimum. I have no pre-defined target for losses.
Curiously scalping was very effective today, graph show returns to £10 stakes since last Tuesday. Of course, I am a well practised; but the underlying strategy is a sound one TBH. As I think I have demonstrated.
I wouldn't recommend a strategy that I didn't know had a chance of working and Bet Angel's key ethos since it's inception is that we actually eat our own dog food. So trying to claim counter to that is a null argument. Probably an argument that should be squarely levelled at those that can't prove otherwise.
Of course everybody has different ways of doing things and favoured styles and different tolerances to risk. I've met loads of Bet Angel users with some clever angles on things. So everybody to themselves, of course!
I wouldn't recommend a strategy that I didn't know had a chance of working and Bet Angel's key ethos since it's inception is that we actually eat our own dog food. So trying to claim counter to that is a null argument. Probably an argument that should be squarely levelled at those that can't prove otherwise.
Of course everybody has different ways of doing things and favoured styles and different tolerances to risk. I've met loads of Bet Angel users with some clever angles on things. So everybody to themselves, of course!
You do not have the required permissions to view the files attached to this post.