Question for scalpers

shadowninja

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• May 19, 2009

• #1

What's the most number of trades you've taken in a day and just ended up breaking even at the end of the session?

 

Rossini

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• May 19, 2009

• #2

When I was paying a higher commission I once or twice ended up the day 150 pips, but effectively down the day 15 pips. As I was effectively paying around 1.1 pips (depending on lot size) in commission. Not cleaver.

 

Gumping

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• May 19, 2009

• #3

Rossini said:

Not cleaver.

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Well spotted!!

 

foredog

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• May 19, 2009

• #4

Exacty....cut those commissions in half.

 

intradaybill

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• May 19, 2009

• #5

About 20. IMO the higher the number of trades the higher the chance the return will average to zero. One should try to take no more than his daily allowance.

 

Rossini

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• May 19, 2009

• #6

foredog said:

Exacty....cut those commissions in half.

Click to expand...

That helps obviously, but better to cut the frequency of trades down and have bigger targets. Which is what I now do. But I think you already knew that ;-)

 

Rossini

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• May 19, 2009

• #7

intradaybill said:

About 20. IMO the higher the number of trades the higher the chance the return will average to zero. One should try to take no more than his daily allowance.

Click to expand...

If one has an edge then the more trades that a trader can take with that edge present the more dollar at the end of the day.

However for me the example above was extreme and I would hope that I now take only the best of the best setups. And doing this try to maximise the profits I make, taking the setups that I do.