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Old 01-19-2008, 02:54 AM
The Bear The Bear is offline
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Re: Better for scalping: ES or YM?

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I have a few bucks.

I'm very careful about my entries, and I look for small profits so my exposure is limited. I don't randomly scalp, I watch for very specific setups which will usually give me a minimum of 2 points... but I tend to get out early, a few ticks with 50 contracts is a nice profit. I had five good entry points today with my strategy, traded four of them for 2 ticks each... so a total of 2 points on the day.

And I should have clarified in my intro post about the laptop in the car - I'm home for the morning session, usually until about noon. I try not to trade the lunch hour, so I'm only doing the car thing during the last couple hours. And the trades that occur during this time tend to happen when I'm parked somewhere (but I'll admit, I have done some at stoplights).
RE: commissions, unless you are a local or have a membership at the exchange, or somehow have access to the extremely low commissions that these traders have, scalping becomes difficult in the long run for the retail trader. Typically, scalpers who do it for a living make hundreds of round turns a day with a hold time lasting seconds.

Now if this is just a hobby of yours, by all means. But watch the commissions closely, you could be spending thousands in a month.

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