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Old 07-26-2007, 10:44 AM
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Re: Scalper Daily Target

Assuming that your going in for a small surgical strike as you put it, how many different markets do you watch to make sure that one of your setups appears at least once or twice a day?

I've been daytrading only recently and have been playing with 233t charts and 5 min charts of the "main" market im trading and I trade the longer term intraday movements with a 55t chart to time entries with a daily target of between 10-20 points (YM points) or equivalent.

Taking 5-7 points at a time scalping with a daily target of 10+ points over 2-3 trades is somewhere I want to end up in the future once I build my account up slowly.

Walter, did you start out scalping or did you ease your way into it? Reason being is that if I went for my daily target atm by scalping my way there, then the commissions paid on 3-4 in/out trades per day would eat away a lot of my account.

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