Question for scalpers

[shadowninja]

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]

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]

Not cleaver.

Well spotted!!

 

[foredog]

Exacty....cut those commissions in half.

 

[intradaybill]

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]

Exacty....cut those commissions in half.

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]

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.

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.