Jump to content

Swing vs Scalp


Swing vs Scalp  

15 members have voted

  1. 1. Who made more money?

    • Bob's swing setup
      5
    • Rick's scalp setup
      1
    • Both setups are equal
      10


Recommended Posts

I saw this go through on twitter a couple of weeks ago and thought, yes, that's a good lesson. But looking at it again I just realised it was actually a poll with people voting on the answer. The results of the poll (over 16,000 votes) are a bit scary - I'll save that for later.

svs1.PNG.86ae12aca5075bdc9b44924ba1f8f5f6.PNG

 

 

Link to comment

They should both have the same result?

Bob 6 a point and 150 = 900

Rick 30 a point and 30 = 900

 

But it depends of what they trade, if its FTSE or forex then Rick should be filled the same day but Bob maybe have to wait to the next day (or longer) to be filled and maybe have to pay for the position to stay open??

Link to comment

The original question raises a number of issues;

Can you trust your gut feeling? The answer is no, not unless you have a considerable a amount of experience that will subconsciously feed into the decision making process. A newbie should be working though the problem long hand so to speak until they have amassed experience. In the original poll 29% thought Bob had made more money and 8% thought Rick had made more money. So 37% thought they were instinctively correct and saw no need to work out the answer methodically - scary.

The big disparity ( 29 to 8 ) reflects overwhelming bias of opinion concerning styles of trading, that swing trading must make more money than scalping but that seems to be based on little actual evidence. The simple truth is that no matter what style you choose it is extremely difficult to make consistent profits as a retail trader.

The best way to view risk/reward is to think in multiples of R. R is the risk in any trade and the risk is the stop loss distance so Rick had a stop of 10 points so 10 points equals 1R. If the stop was hit Rick would have been out of the trade at -1R, if the target was hit the profit would be 3R. Looking at the question again you can quickly see the result of both trades was the same, 3R, and given that both had the same account size and the same % of the account risked on the trade the answer had to be that both made the same amount of money. 

 

 

 

Link to comment
On 8/17/2018 at 6:11 PM, Caseynotes said:

Na you're over-thinking it.  The answer's obvious, it must be Bob because A) he clearly has more 'skin in the game', and B) everyone knows scalpers don't make any money. ?

Who says scalpers don't make money? The key is : I think is not to be too greedy in scalping..... 

Link to comment

Scalping but with homework in hand and not to greedy seems to work. And as for the swinging lol, that is just great when it pulls the right way. 

But that been said, "sound like Josh now" Careful trading and following trends is safer. What is your strategy again now Cassynotes? 

2018-08-22 08_20_49-Swing vs Scalp - General Trading Strategy Discussion - IG Community.png

What the heackers caused this to spike tonight mate?

Link to comment

Hi Trev @Trevbeats,  there is too much information on your screenshot, there are clearly hackers about on the forum so use the windows snipping tool to crop to edit screenshots or just use the 'export chart' in the drop down menu, the chart without personal info is placed in your downloads folder.

I've not got those spikes that look to be occurring on the US session close if your time scale is UK based.

sp1.PNG.802cea56930a1d7b354008d0df8382f9.PNG

 

 

Link to comment

No probs @Trevbeats, easy mistake to make and no harm done. I was a bit anxious as our Saigon med health hacker is back again. The basic security levels not to give away are real name, user name (and login account number for mt4) all of which are on display in a general screenshot. That's fine if you are sending it straight to IG but on a public forum each one is a security level given away.

So, talking about strategies I am a intraday swing trader (I just made that term up). I'm not really a scalper but I trade dips on an intraday time frame.

Link to comment

Thought for the Day.

"If you put a gun to your head with 5 bullets in it and one empty chamber and the gun doesn't go off... did you make a good decision? 5 to 1 against! The only good decision in speculation is when reward outweighs risk and the risk of ruin is zero."  Mark Minervini

Link to comment

Archived

This topic is now archived and is closed to further replies.

  • image.png

  • Posts

    • The P2E ecosystem has always been both fun and rewarding and that world is about to welcome a game-changer in Animalia's ANIM token. With my portfolio of playing all kinds of games and recently the P2E genre, I will say Animalia is a mix of Axie Infinity and Pokemon, with a dash of Dogecoin thrown in for good measure. Animalia is a captivating new game that blends meme-tastic creatures, strategic card battles, and the power of blockchain technology. And at the heart of this ecosystem lies the ANIM token, ready to unlock a world of possibilities. With an affordable initial market cap and a bull market launch, Animalia wants everyone to join the fun. Competitors like Axie Infinity and Gods Unchained have paved the way, but Animalia brings its own unique blend of humor, education, and community focus. It's not just about battling, with Animalia you can collect unique cards, own a piece of the game, and participate in shaping its future through governance rights. Animalia also raises awareness about endangered species and the importance of animal conservation. I have to say I Animalia have done a good job with the graphics of the game albeit a card game. I saw an opportunity with the first 1,000 users who achieve a spot net buy volume of 100 USDT in ANIM/USDT pairs will receive 56 ANIM each during the current promotion on Bitget until March 1. I like to play but I love to earn too so I'm heading over! What are your thoughts about Animalia? Are you going to be an early bird to get you share of the ANIM worm?
    • Hey everyone! I want to play free games that use NFTs in a fun way. GameFi is getting big lately with new ways to play and earn. Does anyone know of games where you can start playing for free, but they still use NFTs in a cool way? Maybe with animal or crypto cards... We know NFTs can make games more fun instead of just seeming like a money grab.  Specifically, I'm looking for games that: - Are really fun even if you don't spend money - Have an active community of players  - Are on major platforms like Bitget etc. - Let you collect rare NFTs just by playing that are worth keeping - Have developers who are involved and keeping the game fresh or have partnerships that will help it last Let me know if you've tried any games that fit what I described above. I'm open to exploring new projects in my spare time.
    • I'm intrigued by NADA Protocol's vision of integrating blockchain technology into the gaming experience. The prospect of owning and trading in-game items through NFTs adds an exciting dimension to gameplay, offering real rewards and enhancing immersion. The marketplace controlled by the NADA token seems promising, providing a platform for users to engage in trading activities within the gaming ecosystem. I'm optimistic about NADA's potential to carve a niche for itself in the competitive gaming world, especially with its focus on creating a fun and economically rewarding gaming environment. Looking forward to exploring this new gaming frontier!
×
×
  • Create New...
us