MoneyTec.com Traders Community Forum - View Single Post

Tzachi · 08-06-2005, 09:32

Sound FX,

No, do not want to see my P/L going up and down during the open position, Like to see it going only one way - MY WAY.

If you take only a few pips a shot, few trades a day you reduce your risk of large losses.

See how the floor traders work - in and out with the trend for a short time many times a day. Some NASDAQ daytraders can make up to 300 trades A DAY !!!!! and they know what they are doing.

If you looking to make a living in trading, you cannot work as a position trader and wait for the wind to be at you back. ( maybe if your position is in the millions to start with) You must go with any movment you detect to gain as many times you can - be a trader- TRADE- buy and sell as many times you can.

Is'nt 3-5 pips a trade, 3-5 times a day on a margin of 100:1 or even 50:1 with even only 1 regular lot can provide you with a VERY nice income? and if it is 5 lots?

I know it can.

Its ok to be greedy, but know when to take the money and run. And than be greedy again and take the money and run and again and again.....

That the beauty of taking money from the market- you have REAL profit, not on paper that the market can take it back the next bar.

Tzachi.

08-06-2005, 09:32	#6 (permalink)
Tzachi level 3 Join Date: Aug 2004 Posts: 146 Rep Power: 0	Re: Scalping Strategy Sound FX, No, do not want to see my P/L going up and down during the open position, Like to see it going only one way - MY WAY. If you take only a few pips a shot, few trades a day you reduce your risk of large losses. See how the floor traders work - in and out with the trend for a short time many times a day. Some NASDAQ daytraders can make up to 300 trades A DAY !!!!! and they know what they are doing. If you looking to make a living in trading, you cannot work as a position trader and wait for the wind to be at you back. ( maybe if your position is in the millions to start with) You must go with any movment you detect to gain as many times you can - be a trader- TRADE- buy and sell as many times you can. Is'nt 3-5 pips a trade, 3-5 times a day on a margin of 100:1 or even 50:1 with even only 1 regular lot can provide you with a VERY nice income? and if it is 5 lots? I know it can. Its ok to be greedy, but know when to take the money and run. And than be greedy again and take the money and run and again and again..... That the beauty of taking money from the market- you have REAL profit, not on paper that the market can take it back the next bar. Tzachi.