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

    • Source link: https://bitcoinist.com/three-factors-indicate-that-the-bgb-token-could-reach-5-in-2024/ Current BGB price: $1.06 This content is not financial advice. Readers are advised to conduct their own research before investing and only invest what they can afford to lose. The crypto industry rewards patience and is not the quick-rich platform many perceive it to be. Profiting in crypto requires knowledge, strategy, time, and patience. Those seeking quick profits often end up losing their funds. Many cryptocurrencies have experienced significant price surges in recent years. This content focuses on BGB, the native token of the Bitget exchange. Launched on July 26, 2021, at $0.058, the token has seen remarkable growth, increasing over 1500% since its launch and 184% in the past year. The prediction of it reaching $5 in 2024 is based on its impressive utility and appealing tokenomics. Comprehensive details of its use cases can be found in its white paper: https://img.bitgetimg.com/video/BGB-whitepaper-EN.pdf?locale=en BGB has shown incredible growth in the past year, breaking several all-time highs (ATH) and setting new ones. In 2024 alone, BGB has broken its ATH seven times, reaching $1.48 on June 1st, 2024, solidifying its acceptance among investors and traders. Ecosystem developments aimed at rewarding users further enhance its global adoption. Products like PoolX, which rewards stakers with new crypto, have seen huge adoption. Other products like Launchpool, Launchpad, Super Airdrop, and Flexi Savings make holding BGB worthwhile. Bitget's user base expanded from 20 million to 25 million users in 2024 alone, indicating significant growth. As the exchange continues to grow, it's logical that BGB adoption will increase, potentially leading to further price surges. With more use cases emerging, a $5 target seems feasible given the token's performance over the past year. However, remember to do your own research. What do you think?
    • Scrolling through Bitget's Twitter feed today, I stumbled upon something interesting: the upcoming listing of the BLAST token. A quick search revealed a project with some intriguing features, particularly its focus on native yields for ETH and stablecoins. This Layer 2 solution built on Ethereum seems to address some major pain points in the DeFi space.     By leveraging the Shanghai update, it offers auto-rebasing for ETH and T-Bill yields for stablecoins, all while aiming to reduce transaction fees significantly. Plus, it boasts a team with a solid track record and backing from well-respected investment firms. So, what do you guys think? Is BLAST the next big thing in DeFi, or is it just another layer 2 solution in a crowded market? With the token listing soon on Bitget, I'm curious to hear your thoughts on its potential impact on the crypto space.  
    • Ethereum's popularity is undeniable, but its congested network can be frustrating for users due to slow transaction speeds and high fees. Layer-2 solutions like Blast aim to tackle this by offering faster, cheaper transactions without compromising security. Blast takes things a step further by providing native yields for both ETH and stablecoins, simplifying the staking process for users. Similar solutions like Polygon and Arbitrum also offer scalability benefits, but Blast's unique yield generation and focus on bridging real-world assets to DeFi set it apart. This creates an environment where users can earn passive income while enjoying the advantages of a faster and more affordable network. Blast's native token is set to be listing on Bitget June 26th, this could further increase its visibility and adoption within the DeFi community The competition in the layer-2 space is fierce, each platform vying to become the go-to solution for smoother DeFi experiences. What are your thoughts on Blast and its approach? Share your experiences with other layer-2 solutions and let's discuss the future of scaling Ethereum.
×
×
  • Create New...
us